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NEWS REGULATION AND LEGISLATION DEC 13, 2007
Bush threatens veto of tax bill

The House approved legislation that would shield millions from the AMT by raising taxes on hedge fund managers.

NEWS INDUSTRY NEWS DEC 13, 2007
Wholesale prices spike 3.2% in November

The producer price index increased 3.2% in November, as energy prices hit a record high according to a Department of Labor report.

RETIREMENT LIFE INSURANCE AND ANNUITIES DEC 13, 2007
Toran to retire as COO of Penn Mutual

A 37-year veteran of the life insurance industry, Daniel J. Toran, 59, spent 12 years with the Horsham, Pa.-based company.

NEWS RIAS DEC 13, 2007
ICAS bonds with Biondo Investment

Investors Capital Advisory Services, the registered investment adviser of Investors Capital Holdings, has formed a strategic partnership with Biondo Investment Advisors, an institutional money manager.

RETIREMENT LIFE INSURANCE AND ANNUITIES DEC 13, 2007
The Hartford to buy record-keeper

The Hartford announced today that it is purchasing Boston-based Sun Life Retirement Services Inc.

RETIREMENT RETIREMENT PLANNING DEC 13, 2007
401(k) disclosure bill introduced in Senate

“This bill will shed light on the 401(k) selection process and give Americans more control over their retirement future,” Sen. Tom Harkin said.

RETIREMENT TAX DEC 13, 2007
H&R Block to take $74.8 million charge

H&R Block will record $74.8 million in restructuring charges related to shutting down its Option One Mortgage division.

NEWS INDUSTRY NEWS DEC 13, 2007
Fidelity launches college philanthopy program

The Fidelity Charitable Gift Fund will launch a program with Campus Compact to educate and inspire young people to get involved in philanthropy.

YOUR PRACTICE FINTECH DEC 13, 2007
Schwab snaps up RIA tech consulting firm

Schwab Performance Technologies has entered into an agreement to acquire Etelligent Consulting Inc.

NEWS INDUSTRY NEWS DEC 13, 2007
Federal budget 'unsustainable' says CBO

The United States is operating on an unsustainable federal budget that is bound to seriously damage the economy, the Congressional Budget Office said.