The average cost for Section 404 compliance was $1.7 million, according to a Financial Executives International survey.
A majority of American —68% — believed that the United States is headed into a recession, according to a survey
“We’re going to see new products for [income] guarantees that aren’t insurance,” said Laura Varas of FRC.
“I ask Congress to do its part ... instead of issuing or sending bills that simply look like political statements,” said President Bush.
Deutsche Bank AG reported its first quarterly loss in five years, due to $4.2 billion in write-downs.
Consumer confidence continued to head south this month as a weak job market and high gas prices pummeled the U.S.
BlackRock chairman and chief executive Laurence Fink received $41.87 million in compensation in 2007.
Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
Home foreclosure filings increased 112% during the first quarter of 2008, according to RealtyTrac Inc.
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.
