NEW YORK (Reuters) – A U.S. agency that insures employee pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert’s proposed $5.2 billion buyout of the bankrupt retailer. FILE PHOTO: A dismantled signal sits leaning outdoors a Sears division retailer at some point […]
NEW YORK (Reuters) – U.S. pension funds are projected to shift $12 billion into bonds from shares in a rebalancing of their investments on the finish of January, amid a rebound within the inventory market following a pointy sell-off in late 2018, Wells Fargo Securities analysts stated on Friday. The anticipated reallocation into fastened revenue […]
BOSTON (Reuters) – A labor union representing American academics on Friday urged pension funds to cut their publicity to investment companies which have funneled hundreds of thousands of dollars into private prisons, saying the businesses are getting wealthy on the U.S. authorities’s follow of separating migrant households. ICE detainees are seen on the Adelanto immigration […]
BOSTON (Reuters) – Massachusetts’ securities regulator on Monday accused MetLife Inc of making false statements referring to its failure to pay pensions to lots of of retirees within the state that it improperly handled as “presumed dead.” Massachusetts Secretary of the Commonwealth William Galvin, the state’s prime securities regulator, charged MetLife following a probe that […]
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