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 firm’s parent company, National Financial Partners, will replace Jeff Montgomery from within.
MBIA, the troubled Armonk, N.Y.-based bond insurer, posted a $2.3 billion loss and a write-down of $3.5 billion.
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 American Council of Life Insurers has added James Szostek as the director of pensions in the taxes and retirement security department.
The number of U.S. workers filing new claims for unemployment benefits rose in late January to its highest level since October 2005.
Brian Duperreault replaces Michael Cherkasky, who left the New York-based insurance broker in December.
UBS posted a $14 billion write-down that will result in a $12.5 billion fourth-quarter loss.
