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 slight January increase in personal income was overshadowed by rising inflation, according to the Commerce Department.
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.
The Labor Department will soon release guidelines detailing how advisers may give direct counsel to clients about IRAs.
FMR, the parent company of Fidelity, reported a 15% increase in assets under management for 2007.
The firm is the first provider to receive exemptive relief from the SEC for actively managed ETFs in registration.
The news comes less than a month after analyst at Lehman and Deutsche owered their Q1 estimates for Goldman.
The lackluster showing in the GDP, down from a 4.9% increase in the third quarter, was due mainly to drops in residential investment, government spending and inventory investment.
Many executives said their risk assessment systems had no common control library or were not sure if one existed.
