Economy & Markets
The important economic and stock market news that advisors need to know.
Hartford to Reduce Fixed-Income Fund Fees
By Danielle AndrusThe drop in fees is a move to make funds more competitive among financial professionals.
September 22, 2010
Greek Prime Minister Seeks to Dispel ‘Mythology’ on CrisisAt a speech in New York on Wednesday, the Prime Minister of Greece, George Papandreou, said he would "like to dispel some of the peculiar 'mythology' " on the crisis.
September 22, 2010
Green Economy Indexes Out from NASDAQ OMXInvestors following the green economy now have a place to go: a new comprehensive family of indexes from the NASDAQ OMX Group.
September 22, 2010
TARP Chief Herb Allison to Step DownHerb Allison, who oversaw the $700 billion Troubled Asset Relief Program (TARP), said Wednesday in an e-mail to his staff that he was stepping down
September 22, 2010
Eaton Vance Launches Global Macro Absolute Return Advantage FundEaton Vance Management announced Monday the launch of an absolute return fund, the Eaton Vance Global Macro Absolute Return Advantage Fund (Class A: EGRAX, Class C: EGRCX, Class I: EGRIX).
September 22, 2010
Summers to Leave White House Post as Top Economic AdvisorLawrence Summers is expected to leave his post as director of President Barack Obama's National Economic Council once the fall elections are over.
September 21, 2010
Senate Holds Hearings on Creation of ‘National Infrastructure Bank’The Senate Banking Committee held hearings Tuesday on Capitol Hill aimed at improving the nation's infrastructure while creating jobs.
September 21, 2010
With Nowhere to Go on Rates, Fed to Keep Buying TreasuriesThe Federal Reserve's policy makers agreed Tuesday to keep interest rates at historic lows and to maintain its policy of reinvesting principal payments from mortgage bonds into Treasuries.