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Transamerica Retirement Services has added 38 new stock and bond options to its investment platform for company-sponsored retirement plans.

"Frank's loss will be felt by generations of Goldman Sachs professionals," Lloyd C. Blankfein, chairman and CEO of Goldman Sachs, said.

Texas Tech’s Personal Financial Planning Division, housed since its inception more than 25 years ago in the College of Human Sciences, will become a standalone department in fall 2012.

The State Street Investor Confidence Index rose 2 points in November to 97.2. In North America, the index rose 4.7 points to 95.2, and in Europe, it rose 5.4 points to 101.5. In Asia, however, the index fell 4.2 points to 94.6.

NYSE Euronext, in partnership with Bloomberg New Energy Finance, is launching three “clean energy” stock indexes. The three indexes will be focused on performance of clean energy firms around the globe. The intent is to track public companies “most active in the world's historic shift to low-carbon energy.’’

More than $697 million a year in deductions for investment theft losses may have been erroneously claimed by taxpayers, according to a new government report, resulting in a revenue loss of over $41 million to the Treasury.

The IRS has extended a safe harbor for investors who claim theft loss deductions from fraudulent investment arrangements, such as Ponzi schemes, even when the leading figure behind the fraud has died.

Needs analyses and face-to-face contact greatly improve the odds of closing life insurance sales, according to a new study from LIMRA.

Instinet said it is giving its institutional customers the ability to electronically cast votes on which brokers provide the best research on possible investments.

Wealth accumulation is taking a back seat to another important investor goal: having guaranteed retirement income.