Bloomberg

The number of newly laid-off Americans seeking unemployment benefits rose far more than expected last week.

Fidelity Investments plans to increase its presence in the municipal-bond market, firm executives said in an interview.

The Financial Planning Association has lowered the registration fee for one of its upcoming conferences in light of the downturn in the economy.

All carried-interest distributions from private-equity funds and hedge funds would be taxed as ordinary income instead of capital gains under Obama's proposed budget.

General Motors Corp. posted a $9.6 billion fourth-quarter loss and said it burned through $6.2 billion of cash in the last three months of 2008.

The government says orders for big-ticket goods plunged by a bigger-than-expected 5.2 percent in January.

Columbia Management Group LLC recently changed portfolio managers at 20 teams that manage more than 55 mutual funds.

Congress today commenced an effort to determine whether legislation needs to be enacted to protect the retirement security of the country's aging population.