U.S. employers cut 17,000 jobs in January, according to a report released by the Department of Labor.
The factory sector grew in January, marking the 75th straight month of expansion according to the latest ISM report.
Democrat leaders hope to add changes the House’s $146 billion version, but acknowledged they do not have 60 votes necessary to do so.
Net income for the New York Mercantile Exchange increased 50% to a record $63.5 million in the last quarter.
The American Council of Life Insurers has added James Szostek as the director of pensions in the taxes and retirement security department.
A total of 222,184 consumer complaints were reported to the NAIC last year, a 3.6% fall from 2006.
Sales by advisers were rated the most effective method of marketing 529 plans, according to a survey.
MBIA, the troubled Armonk, N.Y.-based bond insurer, posted a $2.3 billion loss and a write-down of $3.5 billion.
The firm’s parent company, National Financial Partners, will replace Jeff Montgomery from within.
The number of U.S. workers filing new claims for unemployment benefits rose in late January to its highest level since October 2005.
Brian Duperreault replaces Michael Cherkasky, who left the New York-based insurance broker in December.
A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.
Self-reporting in areas such as the retention of e-mails “is more of an art than a science,” said the CEO of ING.
UBS posted a $14 billion write-down that will result in a $12.5 billion fourth-quarter loss.
This followed a 4.7% increase in the third quarter, bringing average growth in 2007 to 2.2%, compared with 2.9% in 2006.
Efforts to bail out bond insurers may be too late to prevent a ratings downgrade, a research firm says.
The Senate is planning to vote on a $160 billion version of the stimulus bill tomorrow.
The decision creates incentive for advisers to drop their securities licenses, said the general counsel of FSI.
The hike exceeding original forecasts, posting a positive economic sign in the midst of recession fears.
Banc One Securities Corporation of Chicago was fined $225,000 by FINRA for making the unsuitable sales.
