Economy & Markets
The important economic and stock market news that advisors need to know.
Three Lessons from the Market Meltdown
By Ben WarwickFrom its beginning in the overheated Asian markets to the dramatic drop in the Dow, Tuesday's plunge in stock prices came as a surprise to many traders. Although unusual -- there have been only 29 trading days since 1950 that have resulted in such large percentage losses for the S&P...
March 01, 2007
Cash is King, For This Year at LeastU.S. stocks had a lackluster 2006. It may seem churlish to say this, with the Dow Jones Industrial Average breaking a six-year-old record and rocketing...
March 01, 2007
The Harvard of Broker-DealersIf you want to know what a broker-dealer is like," says Joseph Deitch over a cup of first-rate lobster bisque at the Harvard Club on...
March 01, 2007
Positive OutlookCompanies in a variety of biotech and health-care sectors should see sales and development progress in 2007, analysts say. Edward A. Tenthoff Piper Jaffray & Co. 212-284-9403 [email protected] Area of...
February 22, 2007
Carrier Reports On Roth Account GrowthNationwide Financial Services Inc. says the new Roth 401(k) arrangements have been popular.The 1-year-old Roth 401(k) program permits employees to pay taxes on income, put ...
February 12, 2007
American General To Back Lunar New Year EventsAn arm of American International Group Inc. is about to launch a month of promotions aimed at Asian-American consumers.AIG American General, Houston, will be celebrating ...
February 10, 2007
Earnings: Prudential, Lincoln, OthersStronger investment division results helped Prudential Financial Inc. post higher profits for the fourth quarter of 2006.Prudential, Newark, N.J., is reporting $1 billion in net ...
February 03, 2007
Earnings: Aflac, Genworth, OthersAn increase in the number of licensed sales representatives helped Aflac Inc. expand U.S. insurance sales in the fourth quarter of 2006.Aflac, Columbus, Ga., is ...