Iberia losses take the shine off BA merger The Independent | British Airways' new merger partner, Iberia, announced miserable results for the first nine months of the year yesterday, while industry experts continued to warn that BA's mushrooming pension deficit could yet scupper the $7bn (£4bn) deal. | Just a week after BA announced its worst losses since b...
BAA pumps £500m into London airports The Independent | BAA is to pump some £500m into its London airports group, the operator said yesterday, in order to further reduce debt and to finance improvements at Heathrow, its flagship. | The money is coming from BAA shareholders, including the Spanish construction group Ferrovial, GIC, the Singapore governme...
BWC, pension funds to benefit The Columbus Dispatch | Two Ohio pension funds and the Ohio Bureau of Workers' Compensation will benefit from a $400 million settlement announced yesterday in a class-action lawsuit against Marsh & McLennan Co. | The company had been accused of securities-law violatio...
Blair offers post-crash vision for Europe Swissinfo English Former British Prime Minister Tony Blair has warned a Zurich audience that a protectionist Europe would be hamstrung in the post-financial crash new world order. | Blair, who has been touted for the new role of president of the European Council, urge...
War pilot pensioner beaten to death Independent online | By Greame Hoskens | Crime Reporter | A Pretoria pensioner, who fought and survived both World War 2 and the Korean War as a fighter pilot, was found bludgeoned to death at his home. | Frans Swemmer, 89, was found dead in the garage of his Waterkloo...
Government pension insurer fund can't keep up Nashville Tennessean Next Page 1 | 2 Previous Page | WASHINGTON — The government-chartered company that insures the pensions of one in seven Americans said Friday that its deficit this year nearly doubled, to $22 billion. | That's an improvement over the Pension Benefit ...
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Tourism zone for funding of convention center redrawn Nashville Tennessean | A special sales-tax collection area that's critical to financing a proposed Nashville convention center won approval Thursday after city officials adjusted the boundaries in resp...
British Airways, Iberia Agree to Merger CBS News New Airline, if it Comes to Fruition, Would Be 3rd Largest in the World, Europe's Biggest | Font size Print E-mail Share 0 Comments | (AP GraphicsBank) Interactive Industry Turbule...
Korean fund ready to buy HSBC head office The Times | South Korea's giant £125 billion state pension fund is poised to buy HSBC's head office building in London in a £800 million investment lunge for one of Canary Wharf's foremost l...
Consider fees when buying variable annuities with withdrawal guarantees The Boston Globe | I asked for it. In a column about variable annuities that guarantee minimum withdrawals for life, I said potential buyers must decide whether it's worth paying the fees that annuities charge for these guarantees. | Since then, questions have been r...
Pension plan accounting makes 30% profit drop look much bigger, J.C. Penney says The Dallas Morning News | Even a fully funded pension plan can wreak havoc on a publicly traded company's bottom line. | That was the case Friday for Plano-based retailer J.C. Penney Co., which reported a 78 percent drop in its third-quarter profit that largely resulted fro...
Robert Cushman: New ethics laws key to fighting corruption The Providence Journal | With new disclosures of conflicts of interest, fraud and mismanagement at the Rhode Island Resource Recovery Corporation (RIRRC), it is astonishing that law-enforcement officials say they cannot do anything about the alleged corruption. | One would...
Too Big to Succeed The New York Times | HONG KONG - This week is the 10th anniversary of the signing by President Clinton of legislation abolishing the Glass-Steagall act, which, since 1933, had kept a wall between commercial banking and investment banking and insurance. That Depression-era law stemmed from the role that speculative investment banking had played in the failure of many ...
Indian stocks face power shortage Asia Times | By Kunal Kumar Kundu | BANGALORE - The corporate sector profit performance in India has been quite strong over the past couple of quarters, helping to drive up stock values, with the benchmark Sensex index more than doubling since early March. | While revenues of non-financial and non-oil companies have hardly moved, profits have, on average, inc...
