Bloomberg

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RETIREMENT LIFE INSURANCE AND ANNUITIES MAY 29, 2007
NYLI promotes two in legal dept.

New York Life Insurance Co. has announced promotions in its general counsel department.

INVESTING ETFS MAY 29, 2007
State Street to launch SPDR ETFs

State Street Global Advisors announced five new fixed-income SPDR ETFs will begin trading on the American Stock Exchange tomorrow.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAY 29, 2007
RBS & Co. bids for ABN

A group of banks led by the Royal Bank of Scotland Group has formally launched a $95.6 billion bid for ABN Amro Holding.

NEWS WIREHOUSES MAY 29, 2007
UBS M&A chief jumps ship

Jeff Raich, co-global head of mergers and acquisitions, is the latest high-ranking investment banker to leave UBS AG.

NEWS WIREHOUSES MAY 29, 2007
Bear Stearns makes London hires

The Bear Stearns Cos. Inc. today expanded its European investment banking division with a series of new appointments.

NEWS REGULATION AND LEGISLATION MAY 29, 2007
Entrepreneur’s actions garner attention of life insurance industry

Philanthropist and insurance tycoon Barry Kaye is bringing unwanted attention to a university that has benefited from his largess and to the life settlement industry.

NEWS BROKER DEALERS MAY 29, 2007
NPC’s new CEO aims to fill void in recruiting

Inheriting a depleted recruiting staff, the new head of National Planning Corp. immediately will focus on rebuilding that team. Last Monday, Santa Monica, Calif.-based NPC said that Scott Romine was replacing M. Shawn Dreffein as its CEO.

INVESTING MUTUAL FUNDS MAY 29, 2007
Presto! SEC loses another battle Cookware maker

WASHINGTON — The Securities and Exchange Commission is on a roll in the courts — but not a good one.

NEWS REGULATION AND LEGISLATION MAY 29, 2007
Congress hints at regulating private equity

WASHINGTON — Unions are hoping that pressure from Congress on private-equity funds will lead to better pay and benefits for workers, including more unionization.

NEWS WIREHOUSES MAY 29, 2007
Big firms to D.C. Circuit: Give us a break, please

IRVINE, Calif. — The major sponsors of fee-based brokerage accounts claim they will need six months to a year to transition clients out of the accounts.