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Millionaires became slightly more optimistic about the future of the U.S. economy in May, according to Spectrem's Millionaire Investor Index.
June 6 -
Fidelity Investments is laying off 550 workers, most of them among its 5,700-employee facility in Merrimack, N.H., where mutual fund and human resource customers are served, according to various reports.
June 6 -
JPMorgan Chase & Co. has a pair of initiatives designed to strengthen its position in the asset management market.
June 6 -
Moodys has placed the triple-A insurer financial strength ratings for Ambac Assurance Corp. and MBIA Insurance Corp. on review for a possible downgrade.
June 6 -
A new study released by Strategic Insight pointed out that traditional point-of-sale commissions for mutual fund sales are close to being extinct. Of all the sales in 2007, 60% occurred without any front-end loads.
June 4 -
Dow Jones Indexes was named the Most Innovative ETF Index Provider of 2007 in the Americas at the 4th annual Global ETF Awards.
June 4 -
On Thursday, San Franciscos Forward Management LLC unveiled its latest plan to acquire Seattles Accessor Capital Management LLC.
June 4 -
As Big Brown gets ready for his big day Saturday at the Belmont Stakes, his owners and financiers are already counting their predicted earnings.
June 3 -
Walter Ricciardi, the Security and Exchange Commissions deputy director of the Division of Enforcement, announced he will retire this month to join the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP as a partner.
June 3 -
Two titans of fundamentally weighted indexes are being compared to the funds they created, in the hopes of stirring up a little excitement.
June 3