Economy & Markets
The important economic and stock market news that advisors need to know.
Berlusconi Could Fall as Italy Teeters
By Marlene Y. SatterSilvio Berlusconi, who has resisted calls to step down as prime minister of Italy, may be on the way out regardless, if former party loyalists continue to rebel.
November 02, 2011
Fed’s Bernanke Sympathizes With Occupy Wall Street as Economic Growth Stays FragileFed Chairman Ben Bernanke says he sympathizes with the frustration of Occupy Wall Street protestors as U.S. jobs market weakness persists and the nations unemployment rate remains elevated. The Fed left its monetary policy unchanged.
November 02, 2011
Disability Insurance Observer: The Amazing Disappearing JobsUnum managed to hold revenue steady in the third quarter, but high unemployment hurt group disability results.
November 02, 2011
Disability Insurance Observer: The Amazing Disappearing JobsUnum managed to hold revenue steady in the third quarter, but high unemployment hurt group disability results.
November 02, 2011
Will European Banks Be Forced to Unload U.S. Assets?The report's authors cite Dutch banking giant ING Groeps pending sale of its U.S. banking franchise ING Direct to McLean, Va.-based Capital One Financial Corp as a paradigm for such asset sales, since European regulators forced ING to restructure.
November 02, 2011
Tony Blair Implores Leaders to ‘Get Economy Moving’: Schwab ImpactFormer British Prime Minister Tony Blair said Tuesday that the resolution of todays global economic and financial challenges could get derailed by short-term political thinking.
November 02, 2011
Recession Looms for EurozoneThe eurozone appears to be heading more precipitately for a recession, according to the latest data from the final Markit Eurozone Manufacturing Purchasing Managers Index for October. Levels were lower than expected, and the German unemployment picture was gloomy as well, rising for the first time in almost two years...
November 02, 2011
Top 8 Most Overpaid CEOs of Public CompaniesSome CEOs keep raking in the bucks even as the companies they lead lose market share, see their stock price fall, or both.