Word: pension
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...stockholders has not panned out. The biggest buyers of stock have been large institutional investors rather than ordinary Britons, many of whom are unaccustomed to the idea of stock ownership after decades of nationalized industry. A majority of the new offerings are in the hands of life insurance companies, pension funds and banks, and chunks of the rest have not been sold. Speculation in the issues has been rampant as shareholders bought in, held briefly, then sold for a quick profit. The fact that relatively few investors have participated in ownership of the companies worries Thatcher's Conservatives. Without...
Five years ago, morale was bad and production worse at the tiny Haiyan shirt factory in Zhejiang province, 69 miles from Shanghai. The enterprise was in such dire condition that workers who were ready to retire could not do so because of an empty pension fund. The value of the plant's assets totaled only $10,000, and profits rarely topped...
...other bill guarantees pensions for homemakers whose employed spouses die before retirement age and lets working mothers keep their retirement-plan credits if they leave their jobs to raise families. The pension measure was introduced three years ago by Congresswoman Geraldine Ferraro. President Reagan is expected to sign both bills into law this week...
Leading the charge into stocks were pension funds and other large investors. For the past several months, as the market fell, they have been gradually selling shares. But last week they moved back into stocks in a hurry, buying blue chips, transportation, technology and energy issues. Said Edward Yardeni, chief economist at Prudential Bache Securities: "What happened can only be characterized as a buying panic. Institutional investors decided they just could not afford to miss such a wonderful party...
...Reagan Administration lost a bid last year to raise the full-pension-collecting age for all federal civil servants from 50 to 65, but in 1981 both houses did agree to take one cost of living increase annually instead...