Operational complexity was identified as the second-leading factor holding back the growth of 529 plans.
Net income for the New York Mercantile Exchange increased 50% to a record $63.5 million in the last quarter.
Democrat leaders hope to add changes the House’s $146 billion version, but acknowledged they do not have 60 votes necessary to do so.
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.
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.
The American Council of Life Insurers has added James Szostek as the director of pensions in the taxes and retirement security department.
MBIA, the troubled Armonk, N.Y.-based bond insurer, posted a $2.3 billion loss and a write-down of $3.5 billion.
Sales by advisers were rated the most effective method of marketing 529 plans, according to a survey.
A total of 222,184 consumer complaints were reported to the NAIC last year, a 3.6% fall from 2006.
Brian Duperreault replaces Michael Cherkasky, who left the New York-based insurance broker in December.
Self-reporting in areas such as the retention of e-mails “is more of an art than a science,” said the CEO of ING.
This followed a 4.7% increase in the third quarter, bringing average growth in 2007 to 2.2%, compared with 2.9% in 2006.
A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.
UBS posted a $14 billion write-down that will result in a $12.5 billion fourth-quarter loss.
The Senate is planning to vote on a $160 billion version of the stimulus bill tomorrow.
The hike exceeding original forecasts, posting a positive economic sign in the midst of recession fears.
Efforts to bail out bond insurers may be too late to prevent a ratings downgrade, a research firm says.
The decision creates incentive for advisers to drop their securities licenses, said the general counsel of FSI.
