A majority of American —68% — believed that the United States is headed into a recession, according to a survey
“We’re going to see new products for [income] guarantees that aren’t insurance,” said Laura Varas of FRC.
Consumer confidence continued to head south this month as a weak job market and high gas prices pummeled the U.S.
“I ask Congress to do its part ... instead of issuing or sending bills that simply look like political statements,” said President Bush.
Deutsche Bank AG reported its first quarterly loss in five years, due to $4.2 billion in write-downs.
Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
BlackRock chairman and chief executive Laurence Fink received $41.87 million in compensation in 2007.
Home foreclosure filings increased 112% during the first quarter of 2008, according to RealtyTrac Inc.
The nation's top 25 independent-contractor broker-dealers reported a staggering 26.6% increase in gross revenue last year to $13.52 billion, from $10.68 billion in 2006.
A growing number of businesses are finding that they can do well by doing good.
Despite a bruising, competitive market that some say is inhospitable to their survival, many small independent-contractor broker-dealers see plenty of opportunity.
Europe is suffering from “a very strong inflationary shock” with food prices soaring and the cost of oil hitting record highs.
Retirees are increasingly worried that they will live too long and their savings will run out, and financial services companies are noticing.
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The number of vacant homes in the U.S. increased to a record 18.6 million in the first quarter of 2008.
Advisers uncertain over the future direction of sky-high commodities prices have impressive company — commodities experts themselves.
The bank posted an 85% profit increase, thanks to a surge in net interest and net fee income along with a lowered tax rate.
The best age range to educate children about and involve them in philanthropy is five to 12, said a foundation executive.
Federated Investors Inc.’s profit increased 8% in the first quarter on higher demand for its money market funds.
One Goldman analyst says the bond insurers will need $3.4 billion each in added capital thanks to more quarterly losses.
