Economy & Markets
The important economic and stock market news that advisors need to know.
Aetna Reports Higher 1st Quarter Net Income
By Staff WriterNU Online News Service, April 24, 2003, 3:25 p.m. EDT -- Aetna Inc., Hartford, is reporting $330 million in net income for the first ...
April 21, 2003
Phoenix: Settlements Out of Way, Fireworks ApproacTORONTO (HedgeWorld.com)--After years of settling what can be settled, the Ontario Securities Commission has narrowed down the questions arising from the demise of Phoenix Fixed...
April 16, 2003
CSFB Fixed-Income Pro Shifts to Head Alternative MNEW YORK (HedgeWorld.com)--Credit Suisse First Boston picked its own head of global credit as the new chief executive of alternative investments for Credit Suisse Asset...
April 13, 2003
The SPIA Comes Into Its OwnBy 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 11, 2003
Brown Reports Higher 1st Quarter Net IncomeNU Online News Service, April 11, 2003, 12:31 p.m. EDT -- Brown & Brown Inc., Daytona Beach, Fla., is reporting $31 million in net ...
April 02, 2003
T. Rowe Price Reopens International Discovery FundApril 1, 2003 -- The T Rowe Price Internatl Discovery Fund (PRIDX) reopened to some new investors yesterday after being closed for three years. The fund...
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 ...