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"We are disappointed that we have not achieved more at a faster pace," Marcela Hawn, a spokeswoman for the company, said in an email.

The spending bill was the insurance industry's last chance to bring down premiums before plans have to make decisions on where to sell and how to price coverage next year.

California will be the third state to set up its own auto-IRA for private-sector employees.

St. Louis Federal Reserve figures show that 40 percent of older people are jobhunting or still working.

Since CITs mimic popular mutual funds and produce similar returns, moving can save plans money.

Large multinationals will spend $7.8 billion to comply with the EU's new privacy regulations, but will they be ready in time?