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.
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.
Amidst one of the worst quarters to befall Wall Street in years, Goldman Sachs reported record earnings.
The Government Accountability Office declined to comment on the reliability of the new report due to its “serious material weaknesses."
Defined contribution plan administrators may be fined $1,000 a day if they fail to disclose documents to participants.
Ground breakings for new U.S. homes decreased in November, while the number of issued building permits slid to its lowest levels in nearly 15 years.
Aon's Combined Insurance will be sold to ACE for $2.4 billion and Munich Re is buying its Sterling unit for $352 million.
Despite the credit crisis, the job market at large financial advisory firms is expected to be strong in 2008, according to a recent Claymore Partners LLC survey.
Elder-law attorneys are concerned that the new year will bring new rules in a number of states regarding how — and if — immediate annuities can work with Medicaid eligibility and planning.
The mind-set of clients presents a significant stumbling block to advisers who recommend annuities as a retirement-planning tool.
The November rise marks the largest monthly increase in two years, according to a Department of Labor report.
The insurance trade groups will join under the umbrella of LL Global but each will keep its name.
Jason Kavanaugh, who purchased the shares, is an executive with Questar Capital Corp.
The wealth-management firm will launch an open-architecture platform with O.N. Investment Management Co.
