There were 50 fewer launches in 2007 as compared to 2006 for the first year-to-year fall since the millenium.
The rule would increase protection for employee contributions to pension and welfare-benefits plans for smaller firms.
The news comes less than a month after analyst at Lehman and Deutsche owered their Q1 estimates for Goldman.
“I don’t anticipate ‘stagflation’ ... anywhere near the situation that prevailed in the 1970s,” the Fed chief told Congress.
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.
“The economic situation has become distinctly less favorable,” Fed chairman Ben Bernanke told Congress.
The firm an application with the SEC for exemptive relief for a series of actively managed, target-date exchange traded funds.
The dollar fell to $1.5088 per euro, the lowest since level the European single currency's debut in 1999.
The rule would cover passive and actively managed ETFs — at least those that promise to divulge their holdings.
Ted Mathas has been named the firm’s chief executive officer-elect and will succeed Sy Sternberg.
