Bloomberg

Bloomberg
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NEWS INDUSTRY NEWS DEC 20, 2007
Economy expands in third quarter

The gross domestic product increased 4.9% in the July-to-September quarter, unrevised from its previous estimate.

NEWS INDUSTRY NEWS DEC 20, 2007
Japan holds interest rate at par

The Bank of Japan kept interest rates steady at 0.5%, indicating that the Japanese economy is expected to grow at a slower pace.

INVESTING MUTUAL FUNDS DEC 20, 2007
Evergreen bows three mutual funds

Evergreen Investment Management has launched three new diversity equity mutual funds.

RETIREMENT TAX DEC 20, 2007
Treasury explores revamp of business tax

Replacing the business income tax with a tax based on gross receipts would be beneficial, suggested the Treasury.

NEWS INDUSTRY NEWS DEC 20, 2007
Bear takes $859 million 4Q hit

The Bear Stearns Cos. Inc. posted its first quarterly loss in the company's 84-year history.

RETIREMENT LIFE INSURANCE AND ANNUITIES DEC 19, 2007
VA assets grew $1.5 trillion in 4Q

That’s a 15.3% gain from the same period last year, when net assets for variable annuities were $1.3 trillion.

RETIREMENT LIFE INSURANCE AND ANNUITIES DEC 19, 2007
ING announces fixed index annuities

The products give “windows of opportunity” to withdraw from the policy without incurring surrender charges.

INVESTING ALTERNATIVES DEC 19, 2007
Hedge funds dying on the vine

The number of hedge fund launches and liquidations are off at a 25% annual rate for the second consecutive year, according to HFR.

RETIREMENT LIFE INSURANCE AND ANNUITIES DEC 19, 2007
Insurers prescribe broader health care

America’s Health Insurance Plans has unveiled a proposal to provide health insurance coverage to more people.

NEWS INDUSTRY NEWS DEC 19, 2007
Bill Gross: 'Mild' recession on horizon

The economic contraction will be ``a mild one based upon housing and its ultimate handoff ... to the consumer.''