The U.S. trade deficit grew to $63.1 billion in November 2007, an increase of 9.3% over October.
As managing director and head of fixed income trading, Bill Parry will oversee all fixed income traders.
The model act covers the secondary market for life insurance, including disclosures for viatical settlements brokers.
Wholesalers posted a 2.2% increase in sales in November, marking the largest gain in over two years.
Further rate cuts will be needed to "support growth and to provide adequate insurance against downside risks," he said.
Amid signs of inflation, European Central Bank today left its key interest rate unchanged at 4.0%.
Natixis Global Asset Management LP of Boston announced today that David Giunta has been named president and chief executive of Natixis Global Associates.
New Jersey and Iowa 529 college savings plan contracts, up for renewal this year, are now out of play.
Charles Zhang, consistently Ameriprise's No. 1 producer this decade, left Jan. 2 to join LPL.
MBIA Inc. said that the SEC and the New York Insurance Department have started informal inquiries into a deal that the company made with private-equity firm Warburg Pincus LLC.
Maura Collins is CFO and Vanessa Rodriguez has been promoted to vice president and controller.
She will replace Fred Castellani, who will retire at the end of February, ending a 12-year career with the firm.
Charles Plosser expects the economy to experience "several quarters of sluggish growth in 2008 ..."
Judson P. Doherty will be responsible for the delivery of PMFM’s 401k Toolbox service.
That’s a 15% decrease from the estimated $4.0 trillion issued last year, according to a SIFMA forecast.
Scores of executives talk about globalization, but lately Ronald O'Hanley seems to be living it.
The U.S. economy is in a recession, Merrill Lynch and Morgan Stanley economists wrote in research notes today.
Great American Insurance is accused of submitting a false insurance premium quote.
Now that annuities are becoming accepted as part of an overall retirement income program, fee-only planners are wondering whether they should sell the products themselves or refer sales to outside agents.
The Securities and Exchange Commission must carefully monitor its temporary proposed principal-trade rule, which took effect Sept. 30.
