Economy & Markets
The important economic and stock market news that advisors need to know.
Call for Wealth Sharing Marks Davos
By Marlene Y. SatterSpeakers at the World Economic Forum in Davos on Thursday warned of unrest if concern for the poor, the jobless and the disadvantaged did not bring change.
January 27, 2011
2010 Q4 Earnings: Federated Investors’ Reports Earnings Per Share of $0.45, Declares DividendPittsburgh-based money management firm Federated Investors Inc. reported earnings per share of $0.45 for the quarter ended Dec. 31, 2010.
January 27, 2011
2010 Q4 Earnings: Invesco Profits Rise 44% in Mixed PerformanceInvesco reported higher Q4 earnings but disappointed analysts as stronger stock market results were tempered by fallout from the acquisition of Morgan Stanley’s mutual-funds business.
January 27, 2011
2010 Q4 Earnings: Franklin Resources Profits RiseLatest quarter finds earnings, assets up from Sept. 30.
January 27, 2011
2010 Q4 Earnings: Janus Beats EPS, Revenue EstimatesJanus Capital Group reported fourth-quarter net income on Thursday of $65.9 million, or $0.36 per share, compared with net income of $37.0 million, or $0.20 per share, in the fourth quarter of 2009.
January 27, 2011
FCIC Releases Final Report, Says Financial Crisis Was AvoidableThe Financial Crisis Inquiry Commission delivered Thursday to President Obama and members of Congress the results of its investigation into the causes of the financial and economic crisis
January 27, 2011
Weekly Jobless Claims Rise UnexpectedlyThe number of Americans applying for unemployment benefits rose sharply last week, but the figures were largely distorted by rare snowstorms that swept through the Southeast.
January 27, 2011
S&P Cuts Japan’s Rating for First Time Since 2002; Euro RisesStandard & Poor’s cut Japan’s sovereign debt rating by one notch on Thursday, saying that the nation “lacks a coherent strategy” to cope with a debt level that it predicts will only peak in the mid-2020s.