Special Program Root Tag

The New York Stock Exchange, the Nasdaq Stock Market, Direct Edge and BATS Global Markets said they will open for business at 9:30 a.m. Monday, for normal operations.

While economists have predicted U.S. GDP growth of 3.1% over the next 12 months, Mellon Capital Management foresees growth of 2.0%—primarily due to government policy stalemates and the lingering impact of the debt crisis in Europe.

Touchstone Investments has launched the Touchstone Merger Arbitrage Fund, which will seek to achieve positive returns over the long-term, regardless of market conditions, by investing in companies involved in publicly announced mergers or other corporate reorganizations.

Compliance professionals don’t think the Dodd-Frank Wall Street Reform and Consumer Protection Act will lead to a significant increase in compliance spending this year and they expect more money will be allocated to technology rather than education and consulting, according to a new study conducted between March and April by National Regulatory Services (NRS).

Hurricane Irene is expected to make landfall Saturday in coastal North Carolina and hit the turf that houses the data centers that make up Wall Street on Sunday.

Columbia Management has launched the Columbia Acorn Emerging Markets Fund and the Columbia Acorn European Fund, each of which will invest in companies with market caps of less than $5 billion.

U.S. investors may be overly worried about the fate of the euro, and overly confident in the U.S. dollar.

Two-thirds of donors are cutting back on their charitable giving due to economic worries, a survey by non-profit consulting firm Dunham+Company found. Another 10% plan to cut back entirely until the economy gets back on track.

Investors withdrew -$772 million from long-term mutual funds in the week ended Aug. 17, the Investment Company Institute reported. This was a 360-degree turn from the -$40 billion in redemptions the previous week—and a full $62 billion in withdrawals in four weeks prior.

A former Morgan Stanley Dean Witter stockbroker was sentenced this week to almost five years in prison and ordered to pay his former employer $1.5 million in restitution in connection with fraud charges.

The website of the Morningstar firm went down for an undisclosed period Tuesday, the same afternoon an earthquake rattled the East Coast from a site near Mineral, Va.

A new report just released by Moody’s Capital Markets Research Group says that the recent volatility of equities markets in the U.S. -- along with other dreary economic news -- is having an unmistakably negative impact on the nation’s economy.

Broker-dealers don’t have to track every message sent through social media -- only ones that relate to business purposes. And unscripted interactions? They can be reported after they occur.

While broker-dealers are placing increasing importance on home office model portfolios, the recent extreme market volatility has made many financial advisers and brokers skeptical of such asset allocation, a report from kasina finds.

In an effort to expand its annuity business, The Hartford is expanding into the structured settlement annuity market, providing tax-free payouts to people who receive settlements related to a workers’ compensation or personal injury claim.

The Securities and Exchange Commission has approved the creation of an interim inspection program related to audits of brokers and dealers.

Parents are on track to cover only 16% of their children’s college education, Fidelity Investments’ 5th Annual College Savings Indicator study shows. In the study’s five-year history, this is the first year that the indicator’s steady decline has come to a halt, at 16%.

As if the stock market's wild vacillations in the past few weeks weren't evidence enough that few have a firm hold on the U.S. economy's near- and long-term outlook, Fannie Mae this week issued an analysis that says the likelihood of a dreaded double-dip recession is now a 50/50 proposition.

UBS on Tuesday said it will eliminate 3,500 jobs over the next two years in a cost-cutting move.

SunGard has added credit risk analysis to its SunGard Global Network Short-Term Cash Management portal, relying on data from Standard & Poors, Sector Treasury and Crane Data.