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Column: Why pension funds are eating your 401(k)'s lunch
ReutersWASHINGTON (Reuters) - Pension funds - those old guaranteed-benefit retirement plans your grandma might have told you about - outperform those in 401(k) plans year after year, according to new research from consulting company Towers Watson. In 2011,...Tags: Loans, Personal Finance, Finance, Interior Policy, Money and Monetary Policy
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Sony to assess spin-off plan; cuts targets for cameras, smartphones
ReutersTOKYO (Reuters) - Sony Corp cut its sales targets for digital cameras, smartphones and tablets by 13-17 percent for the year to end-March 2015, but said there were "encouraging" signs of a revival in its electronics business. CEO Kazuo Hirai told a press...Tags: Foreign Exchange Market, Science and Technology, South Korea, Huawei Technologies Co. Ltd., Sony Corp.
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Entertaining change: Sony to look at activist's spin-off idea
ReutersTOKYO (Reuters) - Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value....Tags: Banking, Buyback, Inflation and Deflation, Japan Earthquake and Tsunami (2011), Science and Technology
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Sony CEO says board mulling hedge fund boss Loeb's proposal to spin off entertainment business
AP Business WriterTOKYO (AP) — Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. Hirai was asked about the proposal at a...Tags: Economy, Business and Finance, Entertainment, Sony Corp., Samsung Group, Electronics
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Africa's hot bond market could overheat as U.S. funds pile in
ReutersBy Tim McLaughlin BOSTON, May 22 (Reuters) - U.S. investors searching desperately for higher yields are piling into Africa's emerging bond markets but may not be getting paid enough for the chaos and uncertainty still stalking sub-Saharan countries, some...Tags: Ghana, Financial Markets, Nigeria, Thomson Corporation, Emerging Market
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U.S. gasoline stocks buoyant ahead of driving season-EIA
ReutersNEW YORK, May 22 (Reuters) - As the U.S. summer driving season gets underway this Memorial Day weekend, stockpiles of gasoline in the United States are close to the highest level for this time of year since 1999, government data showed on Wednesday. In...Tags: Memorial Day, Petroleum Industry
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Citadel's Kenneth Griffin exposes 'cronyism,' causes a stir at Economic Club
Citadel LLC founder Kenneth Griffin named and shamed local corporations that have taken tax incentives from the financially strapped state in a speech to a prominent Chicago business group. "The last election cycle I called a local CEO to talk to him...
Tags: Elections, Barack Obama, Government, Citadel LLC, Democratic Party
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Prosecutors consider using racketeering law against SAC: source
ReutersNEW YORK (Reuters) - Prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Prosecutors may use the...Tags: Laws, Prisons, Manhattan (New York City), Finance, SAC Capital Advisors
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EU mergers and takeovers (May 21)
ReutersBRUSSELS, May 21 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Private equity firms KKR and Bregal Fund to jointly invest in private school...Tags: Delta Air Lines, Science and Technology, Lion Capital Holdings, Mergers, Acquisitions and Takeovers, Car Guides and Reviews
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US court studies wiretaps in ex-Goldman director's insider case
Reuters* Rajat Gupta says wiretaps improperly admitted at trial * Gupta's 2-year prison term on hold while he appeals * 2nd Circuit panel hears oral arguments in appeal By Nate Raymond NEW YORK, May 21 (Reuters) - Lawyers for former Goldman Sachs Group Inc...Tags: Punishment, Prisons, Goldman Sachs Group, Inc., Insider Trading, Trials
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U.S. court studies wiretaps in ex-Goldman director's insider case
ReutersNEW YORK (Reuters) - Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used by the prosecution should not have been introduced at trial....Tags: Punishment, Prisons, Goldman Sachs Group, Inc., Insider Trading, Trials
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MOVES- M&G Investments, Milton Group, BCS Financial Group
ReutersMay 21 (Reuters) - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email to moves@thomsonreuters.com. WELLS FARGO & CO The bank appointed James Vargo senior vice president and...Tags: Economy, Business and Finance, BNP Paribas, Energy Resources, Research, Petroleum Industry
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| AP Broadcast
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Column| Chicago Tribune
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
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