“It really reflects demand by individuals to have their asset allocation and rebalancing made simple for them”

Americans have accumulated a record $16.4 trillion in retirement accounts, with about half of it in company-sponsored plans like 401 s and in Individual Retirement Accounts, according to a study by the … via North County Times

Original post by North County Times

“These changes are being made to align our practices with industry guidance, as well as appropriately respond to recent downgrades by key ratings agencies regarding subprime bonds”

Wells Fargo stops making 2/28 ARM loans Wells Fargo Home Mortgage says it’s discontinuing its subprime 2/28 and one-year adjustable-rate mortgages in response to new guidance from federal regulators and … via Inman

Original post by Inman

However, none of these assets managed to regain all of Friday’s losses, which suggests that the selling may not be over. via Currency Trading News

Original post by Currency Trading News

“Why should we go beyond where we’re going today?”

Jitters over the back-to-school selling season hemmed retail stocks in Monday, as the sector sat out a rally in the broader market. via Earthlink

Original post by Earthlink

Shares of Expedia Inc., the Internet travel agency run by Barry Diller, fell the most in more than a year after the company slashed plans to buy back shares because it can’t get acceptable financing. via Bloomberg

Original post by Bloomberg

Transocean Inc. agreed to buy GlobalSantaFe Corp. for about $17 billion, combining the world’s two largest offshore oil and gas drillers in a market where demand for rigs has never been higher. via Bloomberg

Original post by Bloomberg