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The prospect of recession is becoming more and more likely with unemployment topping 5% recently and the market dipping with the arrival of the New Year--and these realities have not escaped the notice of finance executives. For December, the Tatum Index of Business Conditions plummeted to the lowest point in...

The $5.7 billion, broker of exchange-listed futures and options, MF Global Ltd., based in New York, has named chief administrative officer, Ira Polk, as interim CFO. Polk, 60, replaces Amy Butte, who left the company to pursue other opportunities. Polk, has spent 22 years with MF Global, formerly Man Financial,...

After riding out a rough quarter, defined benefit (DB) plans received some good news in the form of a projected increase in the discount rate used to determine liabilities and expenses. Year-end 2007 disclosure discount rates should increase by at least 25 to 50 basis points relative to the rates...

After the House and Senate failed to agree on a few key provisions of the Mental Health Parity Act of 2007, Congress extended the existing 1996 law for one year until a compromise can be reached.

With only five days to go before the Terrorism Risk Insurance Act (TRIA) was set to expire at year's end, President Bush signed into law legislation that reauthorizes the federal backstop for another seven years. The legislation extends coverage for acts of domestic terrorism, in addition to foreign acts of...

QUMAS Ltd. has introduced its GRC Suite, which provides risk management software integrated with document and business process management, interactive dashboards and advanced reporting capabilities for real-time governance. The product allows companies to model and assess their risk environment, actively manage documents and monitor processes in accordance with multiple compliance...

The $5.7 billion, broker of exchange-listed futures and options, MF Global Ltd., based in New York, has named chief administrative officer, Ira Polk, as interim CFO. Polk, 60, replaces Amy Butte, who left the company to pursue other opportunities. Polk, has spent 22 years with MF Global, formerly Man Financial,...

BEA Systems has unveiled SmartConnect 3.0 software, which eases enterprise resource planning (ERP) integration by making it easier to plug ERP applications into a service-oriented architecture (SOA).