Two mutual funds that offer set payouts and principal guarantees have been launched, with more expected, but financial advisers think the guarantee is flimsy.
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.
Democrat leaders hope to add changes the House’s $146 billion version, but acknowledged they do not have 60 votes necessary to do so.
The company has bought HedgeWorks, a Southern California hedge fund with more than $10 billion in assets.
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.
The Morgan Stanley Global Long/Short Fund aims to offer an institutional-quality portfolio of long/short equity hedge funds.
The American Council of Life Insurers has added James Szostek as the director of pensions in the taxes and retirement security department.
