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The municipal bond market rallied Tuesday as new issuance found willing investors and tax-exempt yields outperformed those of Treasuries.

The new message focuses on a targeted approach to repealing certain provisions — rather than the whole law — and trying to convince everyday Americans they too will suffer the consequences of new rules for the financial industry.

Businesses continue to deposit fund in banks as safety trumps yield as an investment priority. The move continues to cause bankers headaches as the funds weigh down balance sheet returns.

It's 7 a.m. and a slew of reports await you.

The Dow Jones Industrial Average shaved off another 83.17 points Tuesday to close at 12,653.12 as investors pushed stocks lower for a fourth day in a row. The Nasdaq and S&P 500 also fell 29.44 points and 10.99 points, respectively.

Socially responsible investment shop Calvert Investments has named Lynne Ford to the newly created position of Head of Distribution.

Although overall activity in the annuity market has been down over the past 13 months, inflows in May increased by slightly more than 1% to $7.5 billion from $7.4 billion in April, according to the Depository Trust & Clearing Corp.

The Raleigh, N.C., company hired Charles Pendergraft, John Zachary Carnes, Cort Meinelschmidt, Chelsea Miller, J. Marshall Culp 3d, and James Beam.

Wealth management firm Glenmede hired Larry Hatch as director of its Cleveland office, the firm’s only office in Ohio.

Alternative mutual fund shop Hatteras Funds has launched a new variable trust fund, the Hatteras Alpha Hedged Strategies Variable Fund, which will bet on “multiple” hedge fund managers.

Legacy expert attorneys Danielle and Andy Mayoras say the untimely death and shoddy estate planning efforts of renowned artist Thomas Kinkade serve as a prime example of why clients should update their wills on a regular – and sober – basis.

The global market for fixed income exchange traded funds will likely grow to more than $2 trillion in assets over the next decade, compared with $302 billion today, according to a new report by iShares.

A California Superior Court has denied an investor’s appeal of a March arbitration decision, including claims that one witness was unreasonably excluded and another witness was intimidated against testifying.

Advisors Scott Christie, John Aitchison and Ryan Jennings will ply their trade from the firm’s new Scottsdale, Ariz. office.

Plans that dynamically adjust for changes in both market and longevity beat more traditional methods.

Great Falls, M.T.-based Davidson Investment Advisors has launched its second mutual fund, dubbed the Davidson Small/Mid Equity Fund, to complement its maiden offering, the Davidson Multi-Cap Equity Fund.

Richard Ward ends a three decade-plus run at Merrill Lynch to join Stifel Nicolaus.

In an effort to enhance the technology it offers for personal financial advice delivered to the mass market, NestWise LLC, a unit of LPL Financial, will buy Veritat Advisors.

MFS Investment Management has unveiled a new branding campaign to emphasize its international initiatives to its increasingly diverse client base.

AdvisorShares is teaming up to with Your Source Financial, a Phoenix, AZ-based investment advisor, to launch the Global Alpha & Beta ETF (RRGR) on July 11. Roger Nusbaum, chief investment officer of Your Source Financial, will serve as the portfolio manager of RRGR.