Word: northwestern
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Dates: during 2000-2009
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...other U.S.-based insurers, Northwestern Mutual and MassMutual, also question the study's data. The NEJM letter places Milwaukee-based Northwestern's tobacco-stock holdings at $235 million in Reynolds, Philip Morris and Lorillard, which produces Newport cigarettes. But spokeswoman Jean Towell says the insurer's investments are actually one-tenth that figure, less than $24 million...
...financial information from yet another financial database, FactSet Research Systems, which sources its records directly from public filings by the tobacco firms and the insurers to the Security and Exchange Commission. "I think the numbers in the Osiris database are aggregate numbers from every division of a company like Northwestern, whereas Northwestern might be looking at a subset of their total holdings," Boyd says. Similar questions arose from his 1995 findings, which were ultimately substantiated...
Purely from an investor's standpoint, however, buying tobacco stocks is a solid long-term bet that historically pays regular dividends. "We ultimately have a fiduciary responsibility to our clients," says Towell, who puts about 5% of Northwestern's tobacco equities in index funds...
...aboard Air France Flight 447 as it plunged into the Atlantic Ocean on May 31, apparently killing all 228 aboard. For now, the closest we may get is listening to the passengers on a similar Airbus 330 jet whose flight computer put it into an uncommanded dive over northwestern Australia last October...
From Beach to Isle. Spanish airline Air Europa will begin flying weekly from Miami to Tenerife, in the Canary Islands, on June 20. The Saturday flight to the volcanic isles, just off the northwestern coast of Africa, leaves Miami at 5 p.m., arriving in Tenerife 7:35 a.m., and costs about $700 round-trip...