Burned in the aftermath of Bear Stearns’ two collapsed hedge funds, Barclays has sued the firm and a pair of its fund managers.
About 21 million taxpayers will be spared the AMT for 2007 after the House approved an "AMT patch."
The gross domestic product increased 4.9% in the July-to-September quarter, unrevised from its previous estimate.
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 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 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.
