Economists polled by The Wall Street Journal put the chance of recession at 42%, up from 23% just six months ago.
The RBC CASH Index, which has gauged consumer confidence since 2002, hit a new low this month.
The U.S. trade deficit grew to $63.1 billion in November 2007, an increase of 9.3% over October.
As managing director and head of fixed income trading, Bill Parry will oversee all fixed income traders.
Wholesalers posted a 2.2% increase in sales in November, marking the largest gain in over two years.
Amid signs of inflation, European Central Bank today left its key interest rate unchanged at 4.0%.
The model act covers the secondary market for life insurance, including disclosures for viatical settlements brokers.
Natixis Global Asset Management LP of Boston announced today that David Giunta has been named president and chief executive of Natixis Global Associates.
Further rate cuts will be needed to "support growth and to provide adequate insurance against downside risks," he said.
Charles Zhang, consistently Ameriprise's No. 1 producer this decade, left Jan. 2 to join LPL.
New Jersey and Iowa 529 college savings plan contracts, up for renewal this year, are now out of play.
MBIA Inc. said that the SEC and the New York Insurance Department have started informal inquiries into a deal that the company made with private-equity firm Warburg Pincus LLC.
Maura Collins is CFO and Vanessa Rodriguez has been promoted to vice president and controller.
She will replace Fred Castellani, who will retire at the end of February, ending a 12-year career with the firm.
Judson P. Doherty will be responsible for the delivery of PMFM’s 401k Toolbox service.
Charles Plosser expects the economy to experience "several quarters of sluggish growth in 2008 ..."
That’s a 15% decrease from the estimated $4.0 trillion issued last year, according to a SIFMA forecast.
The U.S. economy is in a recession, Merrill Lynch and Morgan Stanley economists wrote in research notes today.
Scores of executives talk about globalization, but lately Ronald O'Hanley seems to be living it.
Now that annuities are becoming accepted as part of an overall retirement income program, fee-only planners are wondering whether they should sell the products themselves or refer sales to outside agents.
