A bill has been introduced in the House that would impose stricter rules on how credit card companies set interest rates and charge fees to consumers.
The federal budget deficit for the current year will top $1.8 trillion under the latest estimates produced by congressional economists, say Capitol Hill aides briefed on the figures.
Internet Explorer 8 is unveiled and ING launches online comparison tool designed for retirement planning.
The Securities and Exchange Commission is investigating whether hedge funds gave favored employees or investors “preferential redemptions” by allowing them to withdraw money while freezing redemptions for other clients.
U.S. hedge funds are buying stocks for the first time since October, Bloomberg reported today.
Janus Capital Group Inc. paid its chief executive $7 million in 2008, including a bonus, which represents a 27.8% pay cut from the previous year, according to a proxy statement filed with the Securities and Exchange Commission yesterday.
Although older baby boomers account for the majority of individual long term care insurance sales, it is largely younger boomers and those under 45 who buy group LTC insurance.
A full 20% of the hedging shops that blew up last year were feeder funds for Bernie’s Ponzi scheme that thought they were overseeing $16 billion. They weren’t.
While the IRS released new rules this week to help victims of Bernard Madoff’s Ponzi scheme recoup some of their losses with a tax break, private foundations will not be able to benefit.
