FA News

Business Activity Shrinks For First Time Since 2009

Business activity in the U.S. unexpectedly contracted in September for the first time in three years, adding to signs manufacturing will contribute less to the economic recovery.

Wealthy Americans Gained Under Obama

If President Barack Obama is trying to spread the wealth, he doesn't have much to show for it.

BofA Reaches $2.43 Billion Deal With Investors Over Merrill

Bank of America Corp. agreed to a $2.43 billion settlement with investors who suffered losses during its acquisition of Merrill Lynch & Co...

Clinton Urged To Support 'Robin Hood' Tax To Fund Climate

Friends of the Earth and Greenpeace joined 61 other charities, unions and campaign groups to urge U.S...

SEC Charges Two Men With $42M Fraud Targeting Seniors

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The SEC has charged two men with allegedly tricking more than 150 investors-many whom were senior citizens- to invest $42 million in a bogus investment venture while actually using the money for...

More People Than Expected Will Have Retirement Plan Savings, ICI Says

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It's commonly cited that 50 percent of American workers have access to employer-sponsored retirement plans, but the share of population that will have accrued such retirement benefits will be far...

FPA Recognizes Financial Planning Leaders

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David M. King and Wade D. Pfau have won two of the FPA's top awards, to be presented at the organization's annual conference beginning this week.

Plunge In Goods Orders May Restrain U.S. Expansion

Demand for U.S. durable goods other than transportation equipment unexpectedly dropped in August for a third consecutive month.

U.S. Chamber Opposes Romney Vow To Punish China On Currency

The U.S. Chamber of Commerce opposes Mitt Romney's pledge to designate China as a currency manipulator if he is elected president, the group's chief operating officer said.

Corporate Bonds Turn Attractive, BlackRock Manager Says

Corporate bonds look the prettiest amid all the quantitative easing, says BlackRock's Jeffrey Rosenberg.

TD Ameritrade Launches Service To Hook Advisors Up To RIAs

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RIAConnect will play the role of advisor matchmaker, says company.

SEC Issues Investor Alert On Affinity Scams

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The Securities and Exchange Commission shines spotlight on fraud targeting groups.

Contempt For Congress Rampant In Poll As Public Spurns Sacrifice

The U.S. public is critical of both Republicans and Democrats in Congress for failing to resolve such issues as the national debt while rejecting the sacrifices that may be needed to fix it.

Prudential May Buy Hartford Life Insurance Business

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Prudential Financial Inc. may reach a deal today to buy Hartford Financial Services' individual life-insurance business.

Romney's Tax-Avoiding 'I Dig It' Trust Gives Heirs Triple Benefit

Mitt Romney's heirs have benefited from a generation-skipping trust that allows people to pass on money to children while avoiding gift taxes.

Volatility Is The New Normal, Says Merrill Lynch Survey

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Affluent investors say they feel more economic stability than they did a year ago, but worry about their retirement and having to take care of family members.

Bank of America VP Called Seahawks' Disputed Touchdown Pass

Lance Easley, the National Football League referee at the center of a touchdown call criticized by President Barack Obama and others, is a vice president of small business banking at Bank of...

Ex-Hedge Fund CEO Pleads Guilty To $4 Million 'Mom And Pop' Fraud

The former chief executive officer of a New Jersey hedge fund pleaded guilty to a charge he conspired to defraud investors of more than $4 million, federal prosecutors said.

Financial Advisors Are Vastly Underusing CRM Technology

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Less than 20% of financial advisors believe their firms are doing the most they can with customer relationship management (CRM) technology, according to a Schwab survey.

Fed's Evans Defends QE3 While Warning Of U.S. 'Lost Decade'

Federal Reserve Bank of Chicago President Charles Evans said policy makers must not be passive in the face of high U.S...