Economy & Markets
The important economic and stock market news that advisors need to know.
ECB’s Bond Purchases Steady Markets
By Marlene Y. SatterThe European Central Bank (ECB) continued its existing bond-buying strategy throughout the week, and on Friday, Ewald Nowotny, an ECB governing council member, said it had so far purchased 67 billion euros’ worth.
December 02, 2010
First AIG Bond Sale Brings $2 BillionWednesday brought American International Group (AIG) one step closer to paying off its debt to the federal government after a bond sale that brought in $2 billion.
December 02, 2010
Chain-Store Retail Sales Soared in November; Weekly Jobless Claims RoseThursday's chain-store sales data confirmed initial reports of a shopping frenzy over the Black Friday weekend, despite the rise in jobless claims for the week of Nov. 27.
December 02, 2010
Eurozone Bank Crisis: ECB’s Trichet Will Not Expand Bond ProgramAnalysts were disappointed Thursday when the European Central Bank (ECB) announced it would not take any new action to ease concerns over contagion in the European Union (EU).
December 02, 2010
Fed President Hoenig Eyes Return of Glass-SteagallA return of Glass-Steagall separation of banks from more risky brokerage businesses would 'restore the integrity of the financial system.'
December 01, 2010
CIGNA to Buy Back NotesCIGNA Corp. has announced a tender offer for $350 million in senior notes due in 2019 that pay a rate of 8.5%.
December 01, 2010
Wealth Without BordersBrazil's growth boom has earned the country a permanent place among those nations considered most important to the global economy.