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SAN FRANCISCO -- BlackRock Managing Director and CIO of fixed income portfolios Rick Rieder painted a bleak overall economic picture before an overflow audience at the Schwab Impact conference here Thursday. With Fed policy holding interest rates low, it’s unlikely investors in fixed income will see yields rise far above current levels anytime soon.

Russell Investments has launched three international equity “factor” exchange-traded funds designed to provide investors with focused exposure to fundamental risk factors -- namely low beta, low volatility and high momentum. The funds complement Russell’s existing 10 domestic factor ETFs.

Putnam Investments has launched the Putnam Short Duration Income Fund, a fixed-income fund that aims to combine the capital preservation appeal of a money market fund with the higher yield of an ultra-short bond fund.

The Municipal Securities Rulemaking Board would for the first time require broker-dealers to disclose to state and local governments that they are not fiduciaries and would prohibit underwriters from telling issuers not to hire financial advisors, under revised rule changes it filed Thursday.

Pacific Investment Management has renewed its contract with State Street to manage its investment operations, on an outsourced basis.

JP Morgan Chase & Co. has named Viswas Raghavan its new global head of equity capital markets. At the same time, Andy O’Brien and Jim Casey become co-heads of global debt capital markets.

The Dow Jones Industrial Average rose Thursday, finishing up 1.76% to 12044.47. Stocks received a boost after the Greek prime minister discarded plans to hold a referendum on a bailout for the country.

BlackRock managing director paints bleak economic picture but says corporate balance sheets are still solid.

SAN FRANCISCO -- Alternative investment strategies are relatively new. But they've already achieved broad acceptance within the investment world, Jerome Abernathy of Rydex SGI told a packed gathering at the Schwab Impact conference here Wednesday.

Russell Investments has launched three international equity “factor” exchange-traded funds designed to provide investors with focused exposure to fundamental risk factors—namely low beta, low volatility and high momentum. The funds complement Russell’s existing 10 domestic factor ETFs.

Putnam Investments has launched the Putnam Short Duration Income Fund, a fixed income fund that aims to combine the capital preservation appeal of a money market fund with the higher yield of an ultra-short bond fund.

Jerome Abernathy of Rydex SGI says alternative investment strategies will be increasingly critical for advisors who want to generate yield for their clients while also protecting them against systemic financial shocks.

SAN FRANCISCO -- Americans need a financial plan to turn them around. They’ve been consuming too much and saving too little for the better part of two decades, Bill Gross, PIMCO’s co-founder and co-chief investment officer, told a rapt audience of financial planners at the opening of the Schwab Impact 2011 conference.

In 2009, U.S. banking regulators subjected 19 of America's largest and most important banks (the "Too Big To Fail" ones) to so-called stress-tests in order to understand how well each bank's capital reserves would meet different challenging economic scenarios.

Growth in its information technology and services business accounted for 11% of the $105 million increase in net revenue that NYSE Euronext reported for its third quarter.

The waves of financial regulations that are being introduced around the world "represent some of the biggest changes in financial services in 70 years." Here's what's changed and what you and your firm can do now to meet these new regulatory requirements.

Eaton Vance has launched the Eaton Vance Multi-Strategy All Market Fund, a new fund that can invest in a broad spectrum of asset classes, including stocks, bonds and alternatives. The fund’s managers will employ fundamental analysis, quantitative portfolio optimization and risk management techniques.

Lincoln Financial Group has introduced Lincoln Alliance, a mutual fund retirement solution designed for small-to-mid-sized retirement plans with assets of $2 million or more.

Secondary market trading volume surged to more than $851 billion in the third quarter of 2011, the highest so far this year, but still fell 8.5% short of the almost $931 billion reached during the same period last year, the Municipal Securities Rulemaking Board said Wednesday.

The Dow Jones Industrial Average rose 178.08 to 11836.04 Wednesday, reversing two days of declines. The market reacted to comments made by Federal Reserve Chairman Ben Bernanke at a press conference on the Fed’s monetary policy.