Eight percent of investors have recently halted or reduced their contributions in 401(k) plans, a study reveals.
The average cost for Section 404 compliance was $1.7 million, according to a Financial Executives International survey.
Consumer confidence continued to head south this month as a weak job market and high gas prices pummeled the U.S.
Deutsche Bank AG reported its first quarterly loss in five years, due to $4.2 billion in write-downs.
“I ask Congress to do its part ... instead of issuing or sending bills that simply look like political statements,” said President Bush.
Home foreclosure filings increased 112% during the first quarter of 2008, according to RealtyTrac Inc.
Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
BlackRock chairman and chief executive Laurence Fink received $41.87 million in compensation in 2007.
The nation's top 25 independent-contractor broker-dealers reported a staggering 26.6% increase in gross revenue last year to $13.52 billion, from $10.68 billion in 2006.
Despite a bruising, competitive market that some say is inhospitable to their survival, many small independent-contractor broker-dealers see plenty of opportunity.
