Economy & Markets
The important economic and stock market news that advisors need to know.
The SPIA Comes Into Its Own
By Staff WriterBy Frank J. HowellOver the past several years, single premium immediate annuities (SPIAs) have quietly become the unsung heroes of the financial services industry. With ...
April 02, 2003
A Market Bounce with Staying PowerMarch '03 will go down in market history as the month that could have been. The start of the long-anticipated war in Iraq and a host of analyst upgrades resulted in an impressive 15% rally from the market's mid-month lows.
April 01, 2003
Penn Treaty Reports 4th Quarter Net IncomeNU Online News Service, April 1, 2003, 5:05 p.m. EST -- Penn Treaty American Corp., Allentown, Pa., is reporting $894,000 in net income for ...
March 30, 2003
401(k) Money Ambles To Fixed OptionsByParticipants in 401(k) plans are moving money to fixed income options, but at a pace that is more of an amble than a stampede, according ...
March 26, 2003
AEGON Reports $4.4 Billion In U.S. Losses And ChargesNU Online News Service, March 26, 2003, 4:50 p.m. EST -- AEGON N.V., The Hague, Netherlands, says it would have reported the equivalent of ...
February 28, 2003
N.C. Blue Reports Lower 2002 Net IncomeNU Online News Service, Feb. 28, 12:17 p.m. -- Blue Cross and Blue Shield of North Carolina, Chapel Hill, N.C., is reporting $76 million ...
February 26, 2003
ClarkBardes Reports Higher 4th Quarter Net IncomeNU Online News Service, Feb. 26, 3:09 p.m. -- Clark/Bardes Consulting Inc., Barrington, Ill., is reporting $9.8 million in net income for the fourth ...