Fitch Ratings is putting off a review of its municipal ratings program because of the economic downturn.
The number of people signing contracts to buy homes tumbled to a new low in January.
The Securities Investor Protection Corp. will raise member brokerage firm assessments to 0.25% of net operating revenue. The new rate, up from the current flat $150 per year, is effective April 1.
Investors worldwide pulled money out of stock funds last week at levels last seen in mid-October.
Two ex-Smith Barney brokers have been cleared of allegations that they took private client information to their new firm.
The Dow Jones industrial average has fallen below 7,000 Monday for the first time in more than 11 years.
Conseco Inc. today announced a whopping $406.8 million loss, or $2.20 a share, for the fourth quarter of 2008, and warned it will be late in filing its annual report late.
The Ohio Department of Insurance today released the names of the 20 companies that have raised their surplus levels through approved accounting breaks.
Ratings agencies today painted a bleak outlook for AIG, following news of the insurer’s massive fourth-quarter loss and an additional $30 billion lifeline from the U.S. government.
