Sears Suspends 401(k) Match in Face of Declining Sales
Sears has announced that it is suspending its 401(k) match for most employees of the giant retailer.
News
Denver Post Latest to Suspend 401(k) Match
The latest 401(k) match to fall in recent months came at The Denver Post newspaper where managers and other non-union employees were informed their match would be suspended...
Retirement Plans Still Pumping Up Mutual Fund Ownership
More households own mutual funds inside tax-deferred accounts—such as defined contribution (DC) plans, individual retirement accounts (IRAs), and variable annuities—than outside these accounts, according to the Investment Company...
Federal Judge Executes Turnaround on Company Stock Suit
A federal judge in Ohio has reversed course on a company stock suit filed by former Owens-Corning employees with a new ruling that the suit was filed too...
U.S. Mutual Fund Asset Fall Slows in November
The combined assets of the nation's mutual funds decreased by $261.65 billion, or 2.7%, to $9.355 trillion in November, according to the Investment Company Institute (ICI).
Merrill Settles Discrimination Lawsuit
Merrill Lynch&Co. Inc. agreed Tuesday to pay $1.55 million to settle a lawsuit claiming discrimination in the firing of an analyst because he was an Iranian Muslim, Reuters...
Credit Crisis Cuts into Bond Sales
U.S. bond sales and asset-backed securities issuance were down sharply in 2008 amid the global credit crisis.
Calvert Launches Government Fund
Investment management firm Calvert has announced the launch of the Calvert Government Fund.
DoL Finalizes Rules on Disclosure Penalties
Ringing out the old year, today the U. S. Department of Labor (DoL) has unveiled another final regulation.
Merrill, Smith Barney Change Broker Compensation
Both Merrill Lynch and Smith Barney have trimmed their payout amounts for lower producers.
IBD Managed Account Assets Catching Up to Wirehouses
Three independent broker/dealers (IBDs) control an overwhelming share of managed account assets in the independent channel, according to data from Cerulli Associates.
Study Says Social Security Shifts Influencing Retirement Patterns
A new study suggests that changes in Social Security rules have influenced retirement and working patterns.
PIMCO High Income Fund Announces Changes
Allianz Global Investors Fund Management LLC, investment manager to PIMCO High Income Fund, has announced changes to the fund's investment policies.
Brandes Investment Partners Opens Two Mutual Funds
Brandes Investment Partners, L.P. has announced the availability of two mutual funds.
Advisers Slightly More Optimistic in December
Advisers' outlook on the economy and the stock market improved slightly in December, according to Rydex AdvisorBenchmarking.