Economy & Markets
The important economic and stock market news that advisors need to know.
2010 Q4 Earnings, Week Three: Advisor Universe Sees Mixed Results
By Staff WriterAs fourth-quarter 2010 entered its third week, companies of interest to financial advisors reported a mixed bag of results, and many managed to announce a dividend.
February 03, 2011
2010 Q4 Earnings: Hartford Beats Estimates on Strong Wealth ResultsAnnuity deposits dropped 59% as the Hartford exits international markets and revamps its U.S. sales
February 03, 2011
2010 Q4 Earnings: Fiserv Revenue Edges Up, Profit Edges DownFiserv reported Thursday modest increases in revenue for the fourth quarter and for full-year 2010.
February 03, 2011
Service Sector, Retail, Factory Orders Gain; Jobless Claims FallThe U.S. service sector grew in January at the fastest pace in five years. The report capped a string of data on Thursday that pointed to an expanding economy and stronger hiring.
February 02, 2011
2010 Q4 Earnings: Symetra Profit Is Nearly Double 2009 ResultsSymetra Financial announced Wednesday that fourth quarter net income was $62.2 million.
February 02, 2011
SEC Proposes ‘Security-Based Swap Execution Facility’ RulesInstead of trading over-the-counter, as these have, the SEC wants to add ‘transparency, efficiency, and competitiveness’ and oversight.
February 02, 2011
Portugal Borrowing Costs Fall on Treasuries Sale; S&P Cuts Ireland RatingFinancially troubled Portugal raised 1.26 billion euros ($1.74 billion) in a Treasury bill sale Wednesday and its borrowing costs fell as tension over Europe's debt woes continued to ebb, though, Ireland saw its credit rating cut by Standard & Poor's.
February 02, 2011
Accountants Feel Global Recovery Is FalteringA survey by the Association of Chartered Certified Accountants released Wednesday found the number of accountants worldwide who feel the global economic recovery is starting to decline increased in the fourth quarter, doubling from 14% in the third quarter to 28%.