Bloomberg News

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Prudential Reveals Dispute Could Impact Variable Annuities

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A regulator told the second-largest U.S. life insurer it may not be holding enough reserves to back some savings products, known as variable annuities.

Man Behind $2 Trillion ETFs Is Browne Feeding Market Necessities

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Reggie Browne, now at Cantor Fitzgerald, has been a central figure in helping ETFs grow globally.

Can Taxing the Rich Improve Economic Growth?

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Could high income inequality actually be a coiled spring that can be used to boost growth? Could redistributing wealth actually be good for the economy?

Study Finds SEC Staff Sold Shares Before Settlements Made Public

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Agency staffers owning stocks in companies under investigation were more likely to sell shares, says paper.

Investors Put Rout Behind Them Sending $21 Billion To Stock ETFs

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Investors are returning to the U.S stock market after the worst selloff in seven months, adding almost 52 times more money to exchange-traded funds that own equities than bonds.

Billionaire Paulson Said In Talks To Buy Puerto Rico Resort

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Paulson & Co. is seeking to acquire La Concha Resort and the Condado Vanderbilt, neighboring beachfront hotels in the capital city of San Juan, according to sources.

Credit Suisse Helped Clients Hide Billions, Senators Say

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Credit Suisse Group AG helped American customers hide as much as $10 billion in assets from the Internal Revenue Service, more than double the amount previously known, according to a U.S...

Foreclosures Climaxing In New York-New Jersey Market

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The epicenter of the U.S. foreclosure crisis is shifting to New Jersey and New York, threatening a housing rebound in one of the country’s most densely populated areas.

Massachusetts Opens Inquiry Into 401(k) Contribution Delays

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The state's securities division is calling on 401(k) plan administrators to report how many companies have shifted to a lump-sum matching contribution once a year, a change that can undermine worker...

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