The factory sector grew in January, marking the 75th straight month of expansion according to the latest ISM report.
Shares of Ambac and MBIA rose after CNBC reported the names of eight banks that have banded together with the New York state Insurance Department to rescue the beleaguered bond insurance industry.
Net income for the New York Mercantile Exchange increased 50% to a record $63.5 million in the last quarter.
Democrat leaders hope to add changes the House’s $146 billion version, but acknowledged they do not have 60 votes necessary to do so.
Operational complexity was identified as the second-leading factor holding back the growth of 529 plans.
U.S. employers cut 17,000 jobs in January, according to a report released by the Department of Labor.
The company has bought HedgeWorks, a Southern California hedge fund with more than $10 billion in assets.
Sales by advisers were rated the most effective method of marketing 529 plans, according to a survey.
A total of 222,184 consumer complaints were reported to the NAIC last year, a 3.6% fall from 2006.
The firm’s parent company, National Financial Partners, will replace Jeff Montgomery from within.
