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The Dow Jones Industrial Average closed up 70 points to 12,462.47 Tuesday, the fourth positive session in six trading days so far this year. Tech stocks also perked up as the Nasdaq rallied up 26 points to finish at 2,702.50.
January 10 -
NYSE Euronext said it had not been notified by the European Commission of any official decision on its merger with Deutsche Boerse, after a pair of media reports that the nearly year-old deal will not be approved on anti-competition grounds.
January 10 -
Raymond James has named a former Goldman Sachs Investment Management vice president to the new position of director of retirement solutions.
January 10 -
With performance under par, hedge fund managers got smaller year-end bonuses for 2011, according to the Hedge Fund Compensation Report, released Tuesday.
January 10 -
When it comes to bond funds — or any mutual funds — past performance is not the best way to analyze them. Instead, S&P Capital IQ Analyst Todd Rosenbluth suggests investors should consider the credit risk of the underlying bonds, as well as a fund’s duration, i.e. price sensitivity to changes in interest rates.
January 10 -
Wedbush Securities has launched a new social media initiative for financial advisors, investment bankers and equity traders that encourages them to use Twitter, LinkedIn and Facebook to boost their respective books of business.
January 10 - PH
Morgan Stanley Smith Barney and Morgan Stanley Private Wealth Management have hauled in a total of 11 new advisors from competing firms including UBS, Oppenheimer, Wells Fargo and Merrill Lynch.
January 10 - Money Management Executive
NYSE Euronext U.S. stock volume declined 10.6% in December. Meanwhile, trading volume gained in European stocks, as well as futures and options contracts, the operator of the New York Stock Exchange said.
January 10 -
Zephyr Associates, a financial analytics software provider to financial advisors, is seeing a steady increase in the percentage of RIA firms among its clients.
January 10
