Economy & Markets
The important economic and stock market news that advisors need to know.
Stocks Dip After GDP Report Disappoints
By David K. RandallStocks fell in early trading Friday after the GDP report showed that the U.S. economy isn't growing as quickly as economists expected.
January 28, 2011
2010 Q4 Earnings, Week Two: Asset Managers All Posted ProfitsDespite concerns about outflows, fourth-quarter is shaping up to be an excellent earnings season for asset management and mutual fund firms. To be sure,…
January 27, 2011
2010 Q4 Earnings: Federated Investors’ Reports Earnings Per Share of $0.45, Declares DividendPittsburgh-based money management firm Federated Investors Inc. reported earnings per share of $0.45 for the quarter ended Dec. 31, 2010.
January 27, 2011
2010 Q4 Earnings: Invesco Profits Rise 44% in Mixed PerformanceInvesco reported higher Q4 earnings but disappointed analysts as stronger stock market results were tempered by fallout from the acquisition of Morgan Stanley’s mutual-funds business.
January 27, 2011
2010 Q4 Earnings: Franklin Resources Profits RiseLatest quarter finds earnings, assets up from Sept. 30.
January 27, 2011
2010 Q4 Earnings: Janus Beats EPS, Revenue EstimatesJanus Capital Group reported fourth-quarter net income on Thursday of $65.9 million, or $0.36 per share, compared with net income of $37.0 million, or $0.20 per share, in the fourth quarter of 2009.
January 27, 2011
FCIC Releases Final Report, Says Financial Crisis Was AvoidableThe Financial Crisis Inquiry Commission delivered Thursday to President Obama and members of Congress the results of its investigation into the causes of the financial and economic crisis
January 27, 2011
Weekly Jobless Claims Rise UnexpectedlyThe number of Americans applying for unemployment benefits rose sharply last week, but the figures were largely distorted by rare snowstorms that swept through the Southeast.