The Markets

Seven out of 10 investors predict the world economy will improve in the next 12 months, according to the Merrill Lynch Survey of Fund Managers for May.

Covenant College in Georgia ceased making matching contributions to employees' 403(b) retirement accounts.

Rockford, Illinois-based Amcore Financial is cutting its 401(k) match, executive pay—and a couple of executives.

The American Red Cross of Greater New York has joined the list of firms dropping or suspending 401(k) matches because of the economic downturn.

The CDE Lightband Power Board approved a new plan for the Clarksville, Tennessee-based company to rework its retirement savings plan match.

Mercer’s first-quarter 2009 Defined Contribution Universe Summary found losses in all equity markets during the period.

A survey from Callan suggests managers of target-date funds have stepped up examinations of their offerings due to the economic downturn.

A Morningstar study found that mutual fund investors in the U.S. have a better experience than in 15 other countries.

Among a series of cost-cutting measures, Verso Paper Corp. announced a suspension of the company’s 401(k) match.

Milwaukee Symphony Orchestra has suspended its 401(k) match until August 31 as part of a broader cost-cutting move.

Interstate Hotels and Resorts, an Arlington, Virginia hotel owner and manager, has suspended its 401(k) match and contribution to its non-qualified deferred compensation plan for 2009.

Global insurance broker Willis Group holdings has put its 401(k) match on hold for 2009.

A California transportation, freight, and logistics company has become the latest employer to suspend its 401(k) match.

Wells Fargo&Co. told employees Monday it will no longer contribute to its traditional pension plan.

Federal securities regulators on Tuesday charged the two top executives of the Reserve Management Co. money market fund with fraudulently keeping secret the true precarious financial situation of...

While the first quarter of 2009 saw an equity market rally, most asset classes had negative returns during the period, according to the latest data from Morningstar’s Separate...

The trend toward fee-based distribution of long-term mutual funds sold through brokers and financial advisers accelerated during the financial crisis.

Cincinnati Bell, Inc., announced it will suspend company contributions to its 401(k) plan for salaried and non-represented employees for the remainder of the year.

Charles Schwab Investment Management today announced it has moved all equity and bond funds to a single share class priced at the lowest level.

Stock, bond, and hybrid mutual funds saw a $10.5 billion March outflow after being down $12.1 billion the month before, according to the Investment Company Institute (ICI).