Jilian's Feed
Oct 20, 2012

Analysis: U.S. companies take aim at pension risk with lump-sum offers

NEW YORK (Reuters) – Corporate America is finally ready to deal with a monkey on its back: massive pension obligations.

AT&T Inc on Friday said it plans to contribute a $9.5 billion stake in its wireless business to its underfunded pension plan. Earlier this week, Verizon Communications Inc moved to unload $7.5 billion in pension obligations to insurer Prudential Financial Inc.

Oct 15, 2012

US local governments take budget knife to retiree health plans

Oct 15 (Reuters) – As cash-strapped U.S. cities and states
struggle to address gaping budget holes, a long-honored benefit
for public-sector workers has come into the cross-hairs of
budget cutters: retiree health insurance.

A growing number of states and cities are eliminating or
reducing health coverage for retirees, a benefit that has long
fallen by the wayside for most private-sector workers.

Sep 30, 2012

Insight: Mom and pop investors miss out on stock market gains

NEW YORK (Reuters) – Stocks have more than doubled since the financial crisis and are closing in on a five-year high, but many Main Street investors have been absent from the party – especially those with the least saved.

Those who missed much of the rally did so because they reduced equity exposure after the benchmark S&P 500 index plummeted 57 percent between late 2007 and March 2009, according to an analysis by Reuters of mutual fund flows and changes in assets held in retirement accounts. Investors with the smallest savings typically saw the lowest percentage recovery in returns.

Sep 30, 2012

Insight – Mom and pop investors miss out on U.S. stock market gains

NEW YORK (Reuters) – U.S. stocks have more than doubled since the financial crisis and are closing in on a five-year high, but many Main Street investors have been absent from the party – especially those with the least saved.

Those who missed much of the rally did so because they reduced equity exposure after the benchmark S&P 500 index plummeted 57 percent between late 2007 and March 2009, according to an analysis by Reuters of mutual fund flows and changes in assets held in retirement accounts. Investors with the smallest savings typically saw the lowest percentage recovery in returns.

Sep 30, 2012

Mom and pop investors miss out on US stock market gains

NEW YORK, Sept 30 (Reuters) – U.S. stocks have more than
doubled since the financial crisis and are closing in on a
five-year high, but many Main Street investors have been absent
from the party – especially those with the least saved.

Those who missed much of the rally did so because they
reduced equity exposure after the benchmark S&P 500 index
plummeted 57 percent between late 2007 and March 2009, according
to an analysis by Reuters of mutual fund flows and changes in
assets held in retirement accounts. Investors with the smallest
savings typically saw the lowest percentage recovery in returns.

Jul 23, 2012

US public pension funds to face calls to set realistic targets

NEW YORK, July 23 (Reuters) – U.S. public pension funds are
expected to report poor annual returns in the coming weeks,
results that are likely to increase calls for more realistic
retirement promises for teachers, police officers and other
public workers.

At least three of the nation’s largest U.S. public pension
funds have already announced returns o f b etween 1 p ercent and
1. 8 p e rcent, fa r below the 8 percent that large funds have
typically targeted.

Jul 19, 2012

U.S. recession’s other victim: public universities

NEW YORK (Reuters) – For generations, most college-bound Americans paid reasonable fees to attend publicly financed state universities.

But the bedrock of that system is fracturing as cash-strapped states slash funding to these schools just as attendance has soared. Places like Ohio State, Penn State and the University of Michigan now receive less than 7 percent of their budgets from state appropriations.

May 28, 2012

Spring revival for America’s housing market

NEW YORK, May 28 (Reuters) – Kate Carpenter and her husband
waited for two years before sensing the time was right to look
to buy a home in the suburbs of New York.

“This is the first time homes are at an affordable point,”
said the freelance writer, 35.

May 24, 2012

Facebook Lessons: What not to do when planning an IPO

NEW YORK May 24 (Reuters) – It’s been less than a week since
Facebook went public, and while the IPO made CEO Mark Zuckerberg
and many others very wealthy, the botched way in which the
offering was done has sparked investigations, lawsuits and
regulatory threats. It has also sparked a lot of anger toward
the social media company, lead underwriter Morgan Stanley and
the Nasdaq stock market.

Here is a list of eight things that went wrong with the
Facebook IPO – a “what not to do list” for the next big
technology company considering a public listing, compiled from
interviews with investors, traders, analysts, attorneys and
regulators.

May 16, 2012

Foreclosed Americans find way back to homeownership

NEW YORK, May 16 (Reuters) – When Jennifer Anderson’s family
could no longer afford their mortgage and lost their home, she
expected many years to pass before they would again become
property owners.

But less than two years later, in March, they purchased a
$297,000 house outside Phoenix, Arizona, after qualifying for a
loan backed by the U.S. government.