Mortgage-related losses took a $9.4 billion bite out of Morgan Stanley’s fourth-quarter report, the bank said yesterday.
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 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.
America’s Health Insurance Plans has unveiled a proposal to provide health insurance coverage to more people.
The economic contraction will be ``a mild one based upon housing and its ultimate handoff ... to the consumer.''
That’s a 15.3% gain from the same period last year, when net assets for variable annuities were $1.3 trillion.
The products give “windows of opportunity” to withdraw from the policy without incurring surrender charges.
