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Stocks wrapped up 2011 on a down note Friday as the Dow Jones Industrial Average shaved off 69.48 points to finish the year at 12,217.56. For the year, all the major indices finished basically where they began last January.

Nearly two years after a UBS wealth manager was found dead in her bathtub on New Year’s Eve, a New York court official has filed a wrongful death suit accusing the late Shele Danishefsky Covlin’s estranged husband, a former stock trader, of strangling his wife.

Three mutual funds that might do well next year all have one thing in common: they weren’t chosen because they were the absolute top performers in 2011. Instead, they were chosen on the basis of diversification, strong performance, level of risk and cost basis.

Firstrust Financial Resources, a subsidiary of Philadelphia-based community bank Firstrust Bank, hired advisor Lisa Hanson.

Trading on the New York Stock Exchange in the common stock of the parent company of American Airlines will be halted after next Wednesday.

Some encouraging economic news at home and abroad sent U.S. stocks higher Thursday as the Dow Jones Industrial average picked up 136 points to close at 12,287.04.

Investors pulled a net $37.97 billion out of mutual funds in November, according to the latest numbers released today by the Investment Company Institute. Most of the outflows throughout the month came from equity funds and most of the inflows were posted by money market and fixed-income funds.

Fifth Third Securities, Inc., a subsidiary of Cincinnati-based Fifth Third Bank, has hired Gregory Scott Palmer as investment manager for the Greater Chicago area.

Even though the year ended with economists pointing to a potential recovery for the U.S. economy, 2011 could be summed up as "The Year of Living Cautiously." Here are the Top 10 investment and financial services stories of the year.

Volatility, the fear of a second worldwide recession, continued aversion to equity funds and uncertainty over Dodd-Frank regulatory fallout—all headlined 2011.

The principle behind the annual gift tax exclusion is to shelter gifts commonly made on birthdays, holidays, weddings and other special occasions. However, many high-net-worth individuals may also utilize the annual gift tax exclusion as a strategy to mitigate the impact of future estate taxes.

The principle behind the annual gift tax exclusion is to shelter gifts commonly made on birthdays, holidays, weddings and other special occasions. However, many high-net-worth individuals may also utilize the annual gift tax exclusion as a strategy to mitigate the impact of future estate taxes. According to Richard Behrendt, director of estate planning for Baird’s Private Wealth Management group, the timing of making year-end gifts is important because a transfer of property is treated as a completed gift for federal gift tax purposes only after the donor has unconditionally relinquished all dominion and control over the transferred property. Even if the donor has no intention of revoking (taking back) the gift, simply retaining the ability to revoke the gift through the end of the year could shift the completion of the gift into the next calendar year. Under the Internal Revenue Code, individuals may give up to $13,000 to an unlimited number of non-charitable beneficiaries in each calendar year. Married couples may double-up and make combined gifts of up to $26,000 to children, grandchildren, or other non-charitable beneficiaries. Here are six rules investors need to consider before making any year-end gifts.

Planners should pay close attention to a new U.S. tax statute that will take effect in the 2012 tax year that experts say could make it difficult for their clients to keep their American citizenship and their foreign-based assets at the same time.

Only 30 stocks comprise the world’s most closely watched index – the Dow Jones Industrial Average – and its daily, weekly, monthly and annual gains (or losses) serve as a very handy – albeit simplistic – snapshot of investor sentiment and a decent barometer of how the U.S. and world economies are fairing.

From Deutsche Boerse trying to acquire NYSE Euronext to the 10-microsecond trading cycle, here are the Top 10 Stories of 2011 affecting the technology and operations of capital markets as measured—in large part—by your viewership.

Weakness in the euro and a report indicating investors are still a bit skittish about the market’s long-term prospects combined to sink U.S. stocks Wednesday as the Dow Jones Industrial Average shed 139.94 points, or 1.1%, to finish at 12,151.41.

Securities America, the nation’s seventh-largest independent broker-dealer, wrapped up 2011 with a handful of executive promotions.

Beginning Jan. 1, U.S. Savings Bonds will be going digital, saving taxpayers $120 million over the next five years.

BNY Mellon announced that it awarded more than $7.2 million to New York-area nonprofits in 2011.

U.S. homes are expected to lose more than $681 billion in value during 2011—and while that sounds like a staggering figure, it is 35% less than the $1.1 trillion lost in 2010, Zillow Real Estate Market Reports said.