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Charles Schwab has announced a new suite of funds designed to generate a targeted annual payout for retirees.
March 11 -
ING is providing 403(b) plan documents that public schools can use in order to meet new IRS requirements by next January.
March 11 -
Fund.com Inc. has named Gregory Webster as president.
March 11 -
Geode Capital Management LLC has named Patrick Perry as vice president of investor relations. He will report to Daniel Ludwig, CFA and senior vice president.
March 11 -
New York Governor Eliot Spitzer, the former New York State attorney general who was instrumental in waging war against Wall Street corruption and the mutual fund industrys after-hours trading and market-timing activities, publicly apologized Monday afternoon to his family and the public for unspecified behavior, but stopped short of resigning his position as governor.
March 10 -
Global alternative asset manager Blackstone Group reported a 90% drop in profit during the fourth quarter of 2007 compared to the same period in 2006 and warned that conditions will remain difficult for the rest of the year or longer.
March 10 -
Northern Trust has appointed Jon Dunham as head of North America asset servicing sales. He will report to Penelope Biggs, head of worldwide asset serving business development for Northern Trust.
March 10 -
Nationwide Financial Service Inc. has received an offer from its parent company Nationwide Mutual to buy its publicly held shares for $2.2 billion.
March 10 -
Innovation is the name of the game for Keith Geary, CEO, president and chairman of Capital West Securities, a small, 13-year-old Oklahoma City-based broker/dealer. The firm recently registered its new investment advisory arm OOK Advisors and last week filed to offer the Capital West Oklahoma Index Fund, the first ETF to invest exclusively in publicly-traded companies headquartered in Oklahoma. The ETF is expected to begin trading on the American Stock Exchange in April.
March 10 -