This followed a 4.7% increase in the third quarter, bringing average growth in 2007 to 2.2%, compared with 2.9% in 2006.
UBS posted a $14 billion write-down that will result in a $12.5 billion fourth-quarter loss.
Efforts to bail out bond insurers may be too late to prevent a ratings downgrade, a research firm says.
By recruiting Perella Weinberg, the state regulator would focus on protecting the policyholders of “monoline” insurers.
Banc One Securities Corporation of Chicago was fined $225,000 by FINRA for making the unsuitable sales.
The hike exceeding original forecasts, posting a positive economic sign in the midst of recession fears.
The decision creates incentive for advisers to drop their securities licenses, said the general counsel of FSI.
A majority of the 350 companies initially contacted by the SEC have now received second letters.
The Senate is planning to vote on a $160 billion version of the stimulus bill tomorrow.
Home prices in the United States fell by a record 8.4% in November, for an 11th consecutive monthly decline.
