Zurich Financial Services announced that it is cutting 400 jobs at its North American business insurance unit.
The U.S trade gap grew by 5.7% in February to $62.3 billion, trumping economists’ expectations for a slight deficit decline.
Less than 20% of American workers feel confident that they will be able to afford a comfortable retirement .
Guaranteed Income for Life lets clients to put some of their 401(k) assets into at least one of the firm's lifestyle funds.
Lord Abbett has lowered the front-end sales charge on three of its short-term, fixed-income mutual funds to 2.25%, from 3.25%.
Jerry Bailey, former senior advisory director at Bear Stearns Merchant Bank, is joining Halcyon Asset Management.
The average asset-weighted expense ratio for mutual funds in 2007 was 0.90%, remaining flat from the previous year.
"Existing-home sales could start to show a sustained increase within a few months ... ," said Laurence Yun, NAR’s chief economist.
Five brokers at the collapsed firm have filed a $36 million arbitration complaint against National Financial Services.
The new business will take over certain operations from B-Ds that clear and custody their own trades.
