These are the traditional pension plan arrangements that were common years ago but have fallen out of favor — except for some large employers and labor unions. With a DB plan, annual deductible contributions are mandatory — at least until the plan becomes fully funded, which can take years.
The annual amount that must be contributed [...]
The slight jump in the Retirement Fund’s overseas investments seen in May could be followed by some losses in July due to the economic fallout of the nation’s subprime mortgage meltdown.
The Fund’s investment portfolio rose by just less than 2 percent in May, according to a financial report, to almost $450 million after declines in [...]
announced that it has entered into deal with Equity Group Investments LLC for total investment of $100 million. As per the terms of the investment, MiddleBrook will be selling about 30.3 million shares at $3.30 per share and five-year warrant for about 12.1 million shares at exercise price of $3.90 per share. The company expects [...]
Investment Banking will sell its personal communications division to a unit of AIG Investments for about $240 million, the company said Tuesday.
The sale is aimed at advancing the Alameda company’s plans to maximize its focus on technologies for Internet Protocol telecommunications equipment in rapidly growing economies.
The personal communications division to be sold has primarily focused [...]
Finance Investment it comes as investors are still licking the wounds inflicted by the US sub-prime crisis and the protracted credit lockdown.
But it’s these conditions that US-based investment manager Mark Baribeau says will deliver the perfect climate for his Loomis Sayles Growth fund to prosper. “Growth companies generally don’t have financial leverage involved in their [...]
The Taiwan life insurance arm of Dutch financial services firm ING Groep is mulling its first investments in international stocks as it aims at higher returns while riding out turbulence in Taiwan’s stock market.
ING, behind AIG as the biggest foreign life insurer in Asia, is also eyeing opportunities in hedge funds, private equity, and commodities [...]
Climbing a tree is a recreational activity for most people, Finance Investment but for a select few it is an exercise of agility, speed and precision.
Twenty-three people competed Saturday, June 28 in the 29th annual Ohio Chapter International Society of Arboriculture Tree Climbing Championship at the Chadwick Arboretum and Learning Gardens at Ohio State University.
Three [...]
The funds became UCITS III compliant earlier this year following a vote by their shareholders. They are now in the process of obtaining local market registration, which is necessary in order for them to be marketed.
Both the funds are Luxembourg-domiciled and are aimed at institutional investors and high net worth individuals, with a minimum investment [...]
Peter Lynch, the famed investor and vice chairman of Fidelity Investments, often advised to “invest in what you know.”
Maybe that’s why Francis Koenig thinks Wall Street is ready to come around to putting big money into the adult-entertainment business.
Koenig is chief executive officer and founder of AdultVest Inc., “the world’s first and only investment community [...]
The complaint charges Fidelity Management & Research Company (”Company”) and certain related entities, among others, with violations of the Securities Act of 1933. The Company is the investment advisor to the entire group of mutual funds under the Fidelity name.
No class has yet been certified in the above action. If you are a member of [...]
