The Dow Jones lost more than 300 points after the insurer reported dismal quarterly results.
FMR, the parent company of Fidelity, reported a 15% increase in assets under management for 2007.
Investors have seized two Bear Sterns hedge funds, in hopes that they will gain a chance to meet the company in court, according to the Financial Times.
A slight January increase in personal income was overshadowed by rising inflation, according to the Commerce Department.
West Virginia today passed legislation to prevent the settlement of stranger-oriented life insurance policies.
MBIA is bracing for more write-downs and Ambac has been given more time to justify its triple-A rating from Moody’s.
A record 516 new plans were funded in 2007, with total plans serviced growing to 2,825, a 15% increase from 2006.
The firm is the first provider to receive exemptive relief from the SEC for actively managed ETFs in registration.
Many executives said their risk assessment systems had no common control library or were not sure if one existed.
There were 50 fewer launches in 2007 as compared to 2006 for the first year-to-year fall since the millenium.
