Fund companies facing major cutbacks
By Staff WriterMutual-fund providers concede it will take a lot of cost-cutting to offset recent steep income drops. T. Rowe Price Group Inc., which reported dropped earnings of...
April 23, 2009
Brokers fear annuity ignoranceA third of financial advisers surveyed in February believe that insurers do not understand the risks posed by their own guaranteed-minimum variable annuities and many are worried about it, the Wall Street Journal reports.
April 22, 2009
What's Next for Gold?Unexpectedly, though, the dream of $1,500-per-ounce gold has been unfulfilled.
April 22, 2009
Direxion Debuts Leveraged-Bond ETFsDirexion Funds has just introduced four new ETFs that use triple leverage. The new funds are linked to NYSE Current U.S. Treasury Indexes and their annual expense ratios are 0.95 percent.
April 22, 2009
Barclays to Sell iSharesIn a deal valued at $4.4 billion, Barclays PLC has agreed to sell the iShares ETF unit to CVC Capital Partners.
April 22, 2009
How to React to the Recent RallyFor over a year, advisors and investors have wondered, "How low can it go?" Now, the tide has turned.
April 22, 2009
House argues for improved 401(k) fee disclosureHouse Democrats held a hearing Wednesday to discuss legislation introduced this week that aims to improve 401(k) fee disclosure. The Health, Employment, Labor, and Pensions Subcommittee...
April 22, 2009
U.S. employers to stem cost-cutting measures, survey findsCost-cutting measures like layoffs, and hiring and salary freezes at U.S. employers might have finally peaked, according to a survey from consulting firm Watson Wyatt....
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