Industry News

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NEWS INDUSTRY NEWS JUL 14, 2010
Stocks fall on regulatory concerns

Stocks are falling in early trading as investors remain skittish in advance of the president's State of the Union address and the conclusion of the Federal Reserve's latest interest-rate setting meeting.

By Associated Press
BlackRock's Stattman, other top investors placing chips on blue chips
NEWS INDUSTRY NEWS JUL 13, 2010
BlackRock's Stattman, other top investors placing chips on blue chips

Okay, large caps are boring. But top asset managers like Dennis Stattman and Jeremy Grantham see a 'once-in-a-lifetime' buying opportunity in these undervalued -- and dividend paying -- stocks.

By Bloomberg
NEWS FINTECH JUL 13, 2010
FaceTime launches security app for social networks

A small but growing number of vendors are tackling the problem of exerting control over social networks within the financial services industry.

By Davis Janowski
So where are all the muni bond defaults?
NEWS INDUSTRY NEWS JUL 13, 2010
So where are all the muni bond defaults?

Office closings. Job reductions. Cutting back on flowers at psychiatric hospitals. States are trying anything and everything to make sure they don't miss debt payments. And so far, they're succeeding.

By Bloomberg
NEWS INDUSTRY NEWS JUL 13, 2010
Bob Doll: Moving from recovery to expansion

Bob Doll is vice chairman and chief equity strategist for fundamental equities at BlackRock Inc.

By MFXFeeder
NEWS INDUSTRY NEWS JUL 13, 2010
Jesup & Lamont was under fire before Finra intervened

Embattled broker-dealer Jesup & Lamont Securities Corp. was dealing with other serious regulatory matters in the weeks before Finra last week ordered the firm and its 300 reps to cease conducting business.

By Bruce Kelly
NEWS INDUSTRY NEWS JUL 13, 2010
Raymond James' Jeffrey D. Saut: The get-rich-quick theory of life

Clearly it has been a “rough ride” for the equity markets since their parabolic peak of April 26th.

By Jeffrey D. Saut
NEWS INDUSTRY NEWS JUL 13, 2010
CFP Board cracks down on continuing-ed courses

After receiving complaints about the quality of some CE offerings, the standards board has started randomly assessing continuing education courses each month

By Lisa Shidler
NEWS RIAS JUL 12, 2010
Special report: The top clearing firms

Clearing firms, facing declining revenue and increased competition, have something new to worry about: More and more broker-dealers are seeking loans as an incentive to sign on with a new firm.

By Mark Bruno
World Cup in South Africa: Two foreign stocks that could score
NEWS INDUSTRY NEWS JUL 12, 2010
World Cup in South Africa: Two foreign stocks that could score

There is no question that individual companies who are already well-placed in African markets will benefit from the increased attention on Africa as a result of the World Cup -- but these stocks may get more of a boost than others.

By Larry Seruma
NEWS LIFE INSURANCE AND ANNUITIES JUL 11, 2010
Firms still enhancing target date funds

Despite a tepid response from plan sponsors, asset management firms continue to develop and promote annuity-enhanced target date funds, insisting that demand for retirement income will spur interest.

By Bloomberg
NEWS REGULATION AND LEGISLATION JUL 11, 2010
Poised on the brink, but of what?

The economy and stock market are sending mixed and confusing signals.

By MFXFeeder
NEWS INDUSTRY NEWS JUL 11, 2010
Don't push Big Pharma off a cliff just yet

By MFXFeeder
What does the stock market know about LeBron James' 'Decision'?
NEWS INDUSTRY NEWS JUL 09, 2010
What does the stock market know about LeBron James' 'Decision'?

Yesterday and today, he's moved the markets. And eventually, he will actually play basketball. But after tonight, all of the rumors about where LeBron James will play next year will finally come to an end – and so will the ride that one stock has had over the last two days because of all the speculation over King James' next move.

By Bloomberg
NEWS INDUSTRY NEWS JUL 09, 2010
LeBron should sign short deal, buy gold: Anti-inflation group

LeBron James, the National Basketball Association's Most Valuable Player the past two seasons, should sign a short-term contract and plow his wealth into gold and silver to protect himself against hyperinflation, according to the National Inflation Institute.

By Bloomberg
Tinker, tax adviser, planner, spy?
NEWS INDUSTRY NEWS JUL 09, 2010
Tinker, tax adviser, planner, spy?

Given that she's accused of being a Russian secret agent, Cynthia Murphy is probably the most famous financial planner on the planet.

By John Goff
NEWS INDUSTRY NEWS JUL 09, 2010
Upshot of European debt dilemma? Good value bets

The sovereign-debt crisis in Europe is resulting in huge opportunities for value investors, speakers told attendees at Morningstar Inc.'s 22nd annual Investment Conference in Chicago last week.

By Bloomberg
Motion to block L'Oreal estate trial lacks foundation: Court
NEWS RETIREMENT PLANNING JUL 09, 2010
Motion to block L'Oreal estate trial lacks foundation: Court

Elderly heiress loses bid to stop daughter from challenging $1.4B in gifts to younger man

By Bloomberg
NEWS INDUSTRY NEWS JUL 08, 2010
Randy Quaid sues advisers for plundering Hollywood millions

Actor Randy Quaid filed a lawsuit against his “trusted advisors” on Monday alleging that they defrauded him out of millions of dollars during a 20-year period.

By Lisa Shidler
Miami Heat cools investor interest in the Knicks
NEWS INDUSTRY NEWS JUL 08, 2010
Miami Heat cools investor interest in the Knicks

The Miami Heat cooled off investor interest this month in Madison Square Garden Inc., the company that owns the New York Knicks.

By Bloomberg