About 21 million taxpayers will be spared the AMT for 2007 after the House approved an "AMT patch."
Mortgage-related losses took a $9.4 billion bite out of Morgan Stanley’s fourth-quarter report, the bank said yesterday.
The Bear Stearns Cos. Inc. posted its first quarterly loss in the company's 84-year history.
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 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.
America’s Health Insurance Plans has unveiled a proposal to provide health insurance coverage to more people.
That’s a 15.3% gain from the same period last year, when net assets for variable annuities were $1.3 trillion.
The Government Accountability Office declined to comment on the reliability of the new report due to its “serious material weaknesses."
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.
Amidst one of the worst quarters to befall Wall Street in years, Goldman Sachs reported record earnings.
Defined contribution plan administrators may be fined $1,000 a day if they fail to disclose documents to participants.
Aon's Combined Insurance will be sold to ACE for $2.4 billion and Munich Re is buying its Sterling unit for $352 million.
We have a few items we would like to request from Santa Claus for Christmas — not this Christmas, mind you — we would be happy to receive them by Christmas 2008.
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.
The mind-set of clients presents a significant stumbling block to advisers who recommend annuities as a retirement-planning tool.
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.
