Broker Dealers
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Cloture Vote Fails in Senate on Dodd Bill; 2d Vote Expected Later in Week
By Melanie WaddellSenate Republicans block debate on the financial services reform bill April 26, the GOP also vowed the same day to introduce an alternative financial services reform bill. A second vote is expected this week following more negotiations
April 23, 2010
Stocks Rise on Economic Reports and Greek Bailout RequestWith Greece formally requesting a bailout package and positive economic reports in the U.S., stocks across Europe and the U.S. rose Friday, April 23, but uncertainties over Greece's long-term stability dented the bond market.
April 23, 2010
Sales of New Homes Rise at Fastest Pace in 47 YearsThe drumbeat of positive news in the housing market continued for a second day, as sales of new homes in March had its biggest monthly jump in 47 years, the Commerce Department reported Friday, April 23.
April 23, 2010
Greece Formally Asks for Bailout Plan to BeginGreek Prime Minister George Papandreou on Friday, April 23, formally asked the European Union (EU) and the International Monetary Fund (IMF) to dispense the financial aid package that was arranged two weeks ago.
April 23, 2010
Orders for Durable Goods Pulled Down by Transportation SectorOrders for durable goods fell unexpectedly in March by 1.3%, but just beneath that disappointing number was an important, positive result.
April 23, 2010
Attendance Soars at FPA RetreatIt appears that the long drought for live advisor conferences may be over. Marv Tuttle, CEO of the Financial Planning Association, said April 22 that there were 360 planners attending the FPA's annual Retreat this year.
April 22, 2010
Wholesale Prices Rise 0.7%; Jobless Claims FallThe Labor Department said Thursday, April 22, that wholesale prices rose in March, as the cost of food jumped the most in 26 years.
April 22, 2010
Sales of Existing Homes Jumped 6.8% in MarchExisting home sales surged 6.8% in March, as buyers were spurred by the government's tax credit that expires at the end of this month, the National Association of Realtors (NAR) said Thursday, April 20