Burned in the aftermath of Bear Stearns’ two collapsed hedge funds, Barclays has sued the firm and a pair of its fund managers.
The Bank of Japan kept interest rates steady at 0.5%, indicating that the Japanese economy is expected to grow at a slower pace.
Evergreen Investment Management has launched three new diversity equity mutual funds.
The Bear Stearns Cos. Inc. posted its first quarterly loss in the company's 84-year history.
Replacing the business income tax with a tax based on gross receipts would be beneficial, suggested the Treasury.
The gross domestic product increased 4.9% in the July-to-September quarter, unrevised from its previous estimate.
The economic contraction will be ``a mild one based upon housing and its ultimate handoff ... to the consumer.''
The products give “windows of opportunity” to withdraw from the policy without incurring surrender charges.
The number of hedge fund launches and liquidations are off at a 25% annual rate for the second consecutive year, according to HFR.
America’s Health Insurance Plans has unveiled a proposal to provide health insurance coverage to more people.
