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LAS VEGAS - As companies pare back their operational budgets and look for ways to trim costs, chief information officers are being challenged to make their IT departments do far more with much less.
November 3 -
The question everyone is asking, not just shell-shocked investors, but financial advisers and economists as well, is how low can the Dow Jones Industrial Average go? And the answer is, very, very low. Some pessimists are now predicting the Dow 900.
November 3 -
The Reserve Management Company has begun making distributions to shareholders at an initial rate of 50 cents on the dollar, and its president says the company plans to pay the rest soon.
October 31 -
The Depository Trust & Clearing Corporation (DTCC) will begin publishing aggregate market data on credit derivatives, starting Nov. 4.
October 31 -
American International Group Inc. (AIG) is rapidly depleting the $123 billion in loans it has received from the Federal Reserve, according to a report in the New York Times.
October 31 -
Adviser confidence in the economy and stock market sank this month for the second consecutive month, according to Rydex AdvisorBenchmarking Inc., a Rockville, Md., unit of Rydex Investments.
October 31 -
Many large corporations and asset managers in Massachusetts are planning to cut jobs, and by the best estimates, the state could lose jobs for 4%, or 7,200, of its financial servcies workforce by the end of next year, slightly higher than an estimated 3% decrease in the rest of the nation, The Boston Globe reports.
October 30 -
Speaking before students at MIT, billionaire investor George Soros predicted that the number of hedge funds could shrink by as many as two-thirds, the Ottowa Citizen reports.
October 30 -
Adviser confidence in the economy and stock market sank this month for the second consecutive month, according to Rydex AdvisorBenchmarking, a division of Rydex Investments.
October 30 -
Investors list of financial concerns is growing longer. Added to the fear of not having enough money in retirement or being able to pay for their childrens college are concerns about healthcare and declining values in their savings and homes.
October 30