Special Program Root Tag

Market Outlook

Albany District Attorney David Soares has done an about-face and has told New York Senate Majority Leader Joseph Bruno that ex-governor Eliot Spitzer’s alleged involvement in an investigation into Bruno’s whereabouts was absolutely, positively Spitzer’s orders, according to reports over the weekend.

A £1 billion ($2 billion) hedge fund run out of London by Lewis Chester, Pentagon Capital Management, is under investigation by the Securities and Exchange Commission, The New York Times reports this morning.

NEW YORK—FTSE is ramping up its partnership with the Conflict Securities Advisory Group, which has been focusing on Iran, North Korea, Sudan and Syria since 2001, through the new FTSE CSAG Terror-Free Index Series, launched here Wednesday at a press conference at the Women’s National Republican Club.

Treasury Secretary Henry M. Paulson Jr. said Wall Street investment firms should provide more information on their financial condition if they are allowed to borrow money from the Federal Reserve.

J.P. Morgan said emerging market external debt increased inflows marginally from $4 billion in February to $5.5 billion.

John Hancock Retirement Plan Services is expanding its team that services third party administrators and shifting personnel to strengthen this move.

Kevin Crowe has joined MetLife Investors Distribution Company as managing director for the annuity bank channel.

BOSTON—With auction rate securities in question, Evergreen Investments’ equity managers are now earnestly looking for alternate sources of liquidity, the firm announced in a conference call late yesterday.

Eliot Spitzer, former Wall Street crusader, New York State Attorney General and New York Governor in a first term that ended with his abrupt resignation on March 17, may be forced to release thousands of incriminating e-mails with regards to his alleged smear campaign against Senate Majority Leader Joseph L. Bruno.

Russell Investments has launched six new “strategy” funds in its LifePoints Funds, Target Date Series, including an “in retirement” portfolio

CalPERS' Returns Dip

Citadel Hires Morgan's Foreign Exchange Chief

After a year of record growth, Hartford Financial Services wants to expand its 529 college savings business over the next two years by increasing sales and, perhaps, in what would be a shift in strategy, by becoming a plan sponsor in another state.

While the storied Bear Stearns went up for a fire sale of $236 million to JPMorgan last week, less than one-tenth of its trading price, Bear hit another brick wall.

WASHINGTON-Few question the Federal Reserve Board's recent efforts to stabilize the economy, but plenty of people are wondering how much risk the central bank is taking.

Shareholders in a number of large Fidelity mutual funds, most notably the $73 billion Contrafund, succeeded in forcing a proxy vote at press time on whether the company should institute a "genocide-free" investment policy. Insiders did not expect, however, the unbinding measure to pass.

BOSTON-Asset managers will have to adapt their techniques and operations beyond their current business models to survive the shifting demands in the retirement product marketplace.

Since the March 16 buyout of Bear Stearns by JPMorgan Chase, Morgan scouts have been “all over” Bear’s staff, looking for the best and brightest members.

The price of crude oil and gold fell nearly 10% in less than 36 hours on Wednesday and Thursday, backfiring on investors who were using commodities as a hedge against inflation.