Economy & Markets
The important economic and stock market news that advisors need to know.
Aberdeen Asset Management Acquires Artio Global for $175M
By James J. GreenThe U.K.-based global asset manager continues its growth plan in U.S. with the acquisition of a $14.3 billion firm and looks to further its reach with BDs and RIAs.
February 14, 2013
PIMCO’s El-Erian: Prepare for More Currency Confusion"Within the last 24 hours, G-7 officials issued a currency statement, 'clarified' it and then criticized the clarification," the PIMCO CEO wrote on Thursday.
February 14, 2013
Buyer of the Overlooked and Unloved Embraces AppleConsidering that Morningstar ranks the Roumell Opportunistic Value Fund in the top 1% of its category, portfolio managers Jim Roumell and Ted Crawford may be on to something with their call on Apple.
February 13, 2013
Why employment is dead in the waterThe Feds policies are boosting the profits in the financial markets sector but not much else.
February 13, 2013
In State of the Union, Obama Calls for ‘Smarter’ Government"Its not a bigger government we need," said President Barack Obama in his State of the Union address Tuesday, "but a smarter government that sets priorities and invests in broad-based growth.
February 12, 2013
Apple CEO: Shareholder Suit a ‘Silly Sideshow’Apple CEO Tim Cook is calling a shareholder lawsuit against the company a "silly sideshow," even as he said he was open to looking at the shareholder's proposals for sharing more cash with investors.
February 12, 2013
Prudential Financial posts loss in fourth quarterFor 2012, Prudentials net income was $412 million, down from $3.4 billion in 2011.
February 12, 2013
Prudential Financial posts loss in fourth quarterFor 2012, Prudentials net income was $412 million, down from $3.4 billion in 2011.