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President-elect Barack Obama's transition team is working closely with House Financial Services Chairman Barney Frank and other lawmakers to make sure that municipal debt is included in the federal government's economic recovery programs.
January 13 -
A number of large fund companies slashed their advertising budgets by as much as 50% in the third quarter, according to data from Nielsen Monitor-Plus and FRC.
January 13 -
Massachusetts Secretary of the Commonwealth William Francis Galvin filed an administrative proceeding Tuesday against Reserve Funds and its founder Bruce Bent, accusing them of lying to investors about the dire straights of their investments in Lehman Brothers.
January 13 -
Long-only commodities mutual funds, exchange-traded funds and exchange-traded notes are, once again, attracting billions of assets, after losing money throughout 2008, The Wall Street Journal reports.
January 12 -
The average U.S. stock fund plummeted 37.9% in 2008, slightly worse than the Dow Jones Industrial Average's 33.8% loss. It was the Dow's worst year since 1931, when it declined by more than 50%. Meanwhile, the Standard & Poor's 500 Index fell 37%, its worst performance since 1937.
January 12 -
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Variable annuity sales sank in 2008 as the stock market's swoon scared investors off.
January 12 -
NEW YORK - Millions of aging Baby Boomers heeded the reassuring words of their financial advisers and remained heavily invested in equities throughout 2008, only to watch in shocked disbelief as 40% of their life savings disappeared.
January 12