FMR, the parent company of Fidelity, reported a 15% increase in assets under management for 2007.
“I don’t anticipate ‘stagflation’ ... anywhere near the situation that prevailed in the 1970s,” the Fed chief told Congress.
The rule would increase protection for employee contributions to pension and welfare-benefits plans for smaller firms.
A record 516 new plans were funded in 2007, with total plans serviced growing to 2,825, a 15% increase from 2006.
There were 50 fewer launches in 2007 as compared to 2006 for the first year-to-year fall since the millenium.
The firm is the first provider to receive exemptive relief from the SEC for actively managed ETFs in registration.
Many executives said their risk assessment systems had no common control library or were not sure if one existed.
The news comes less than a month after analyst at Lehman and Deutsche owered their Q1 estimates for Goldman.
The lackluster showing in the GDP, down from a 4.9% increase in the third quarter, was due mainly to drops in residential investment, government spending and inventory investment.
“The economic situation has become distinctly less favorable,” Fed chairman Ben Bernanke told Congress.
