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Although 78% of chief financial officers think the economy might not recover for another two years, 39% are planning to increase their capital investments in 2011, mostly on new technology.
October 29 -
One of the benefits of the recession is that the constant coverage of the economy has brought retirement savings and retirement benefits into better focus for many Americans, The Hartford Financial Services Group found in a survey of 1,000 adults, conducted by Zeldis Research.
October 29 -
Franklin Resources managed to deliver a slight increase in profits for its fiscal fourth quarter ended Sept. 30. Profits rose 1.5% to $372.9 million, or $1.65 a share, from $367.4 million, or $1.59 a share, in the fourth quarter of fiscal 2009.
October 28 -
After making all the right moves to prepare for retirement, high-net-worth individuals could still dilute their quality of life if they skip buying inflation-indexed annuities with their retirement assets, according to a study released by the National Retirement Risk Index at the Center for Retirement Research at Boston College.
October 28 -
Cash management is one of the strongest growth areas for Bank of America Merrill Lynch’s advisers, Sallie Krawcheck, president of Bank of America Global Wealth and Investment Management, said during a conference call Thursday.
October 28 -
DST Systems reported net income of $54.3 million, or $1.16 per diluted share, in the third quarter of 2010, a 10.8% decline from the $60.9 million, or $1.21 per diluted share, it earned in the third quarter of 2009.
October 28 - Money Management Executive
Long-term funds took in $9.52 billion for the week ended Oct. 20, the Investment Company Institute said. This marks the second week in a row that stock funds have netted inflows and the seventh consecutive week that long-term funds have had inflows, now totaling $41 billion.
October 28 -
Morningstar reported it earned $20.8 million in the third quarter, or 41 cents a diluted share, a 7.5% decrease from the $22.5 million, or 45 cents a diluted share, it earned in the third quarter of 2009.
October 28 - Money Management Executive
Windham Capital Management LLC announced Wednesday it has opened a new office in Boston’s John Hancock Tower to house the company’s expanded wealth management services.
October 27 -
Average balances in 529 college savings plans fall far short of projected higher education costs in most situations, according to Morningstar’s latest research paper and industry survey, released on Monday.
October 27