Word: pensioneer
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...down its foreign investments by $4.7 billion, including $878 million in KPN, valuing its 15% stake in the Dutch mobile company at zero. spanish gales Spain's second-largest power utility, Iberdrola, agreed to pay €1 billion over four years for the wind farms owned by Gamesa. INDICATORS Pensions Without Borders Pan-European pensions moved closer to reality as the European Court of Justice ruled that Rolf Danner, who lives in Finland, should receive the country's normal tax breaks although he pays into a German pension. The ruling is key for companies who want one scheme...
...interview afterwards with the Crimson, O’Brien concurred, citing the need for an emphasis on records and accomplishments rather than what she labeled “distortive negative ads,” referring specifically to those Birmingham has run attacking her record managing the state pension fund as treasurer...
...math last week at a senior center in Rock Hill, S.C., as a morning crowd of silver heads nodded in empathy. The miracle drugs that keep his 94-year-old mother healthy, the man said, can cost $700 a month - far more than she can afford on her $42 pension check and $1,200 from Social Security. Those tiny bottles of glaucoma drops alone cost $95 every two weeks. She couldn't pay for them without the $400 he and his brother chip in every month. "If we were passing Medicare today," the man added, "we would never pass...
...parents have a fine retirement, relying on Social Security and a company pension without a 401(k) or playing the stock market. How do they do it? They have lived within their means in the same house for 40 years, and they save up for their purchases and vacations. RICHARD MILLER Idaho Falls, Idaho...
FUND MANAGEMENT Investors Stake Their Claim The relationship between fund manager and client continues to take a litigious turn. Last week, the investment bank Merrill Lynch & Co. settled a dispute with the British supermarket group J. Sainsbury over alleged mismanagement of Sainsbury's pension fund. The undisclosed settlement helped Merrill avoid a repeat of its court battle last year with Anglo-Dutch concern Unilever, also over pension fund mismanagement. In that case, Unilever had alleged that returns on its pension fund had trailed the market by an amount larger than was permitted under the terms of its contract with Mercury...