Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.» Read More
New York's attorney general and securities regulators in several U.S. states are probing auction-rate securities and the role Wall Street firms had in enticing investors into the troubled $330 billion market.
What's the trade as a new breed of retirees begin their Miami migration?
Another day - another merger! On Thursday, Wachovia (WB) -- which is the nation's fourth largest bank -- scooped up regional broker AG Edwards & Sons (AGE) for nearly $7 billion . Yes, that AG Edwards, the venerable 120-year old St. Louis-based brokerage house. What does that mean for the future of regional brokers?
Wachovia's $6.8 billion agreement to buy A.G. Edwards is likely to spur more acquisitions of independent brokerage firms, analysts say. The reason: banks are trying to bulk up on brokerage services, while traditional outfits like Edwards are dwindling in number and losing clients to cheaper online competitors.