Archive for October, 2009

One and done: Most Americans pushing plans for retirement back by one year


 
 More Americans are planning on holding off on retirement by at least one year, according to data from Sun Life Financial Inc.’s Unretirement Index. Sixty-five percent of 1,451 surveyed American workers indicated they’ll wait at least a year to retire, up 11% from the end of 2008.

Why The Vitamin Industry Did So Well In The Recession

The Big Money : On Thursday, the government declared the recession over, which means it’s time to figure out who won. During the past several months, I’ve been identifying companies that thrived during the downturn, such as McDonald’s (MCD) and the guns-and-ammo manufacturer Freedom Group.

Stocks sink as worries mount about spending


 
 Stocks plunged Friday, erasing all of the previous day’s big gains, as a drop in consumer spending fanned worries that the economic recovery won’t be sustainable. Major stock indexes tumbled more than 2 percent in early afternoon trading, including the Dow Jones industrials, which gave back all of Thursday’s 200-point gain. The biggest declines were among banks, energy and materials companies

Baird nabs $267M Morgan Stanley Smith Barney team; Bear Stearns adds 70 advisers


 
 Baird grabs MSSB advisers, opens Winston-Salem branch A team of four financial advisers has left Morgan Stanley Smith Barney, where they advised on $267M in client assets, to join the private-wealth-management group at Robert W. Baird & Co., according to a company spokesperson. The group, which includes Jon Bolton, J

No Deal: Chamber Of Commerce’s War Against Obama

Wall Street Journal : With President Barack Obama bidding to overhaul the health-care system, tighten bank oversight and make industries pay for their greenhouse-gas emissions, some trade-association chiefs have decided to compromise with the party in power. Not Thomas Donohue. On many of Mr

Hancock adviser charged with ripping off 84-year-old of $1M


 
 A Long Island, N.Y.-based John Hancock financial adviser will be arraigned today on charges that he stole more than $1 million from an elderly client. John Mondello, a former adviser at Lighthouse Financial Network of Westbury, a John Hancock Financial Services Inc. affiliate, allegedly tricked an 84-year-old woman into writing him personal checks and then pocketed the money, according to police reports.

Rick Smith: What do Paris Hilton and Twitter Have in Common?

What do Paris Hilton and Twitter have in common? Runner Up Answers: – The content stops at or before 140 characters. – You never feel fresh no matter how often you refresh

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