Jilian's Feed
Dec 2, 2011

Investors prepare for more volatility in 2012

NEW YORK (Reuters) – Whether or not Europe resolves its banking crisis, the United States its deficit or China its cooling economy, U.S. investors should be prepared for more volatility in 2012.

This year’s roller coaster sent billions of dollars to the sidelines but also rewarded many investors who stuck with bonds and dividend-producing funds. These are some of the key issues fund managers, such as Dan Fuss of Loomis Sayles and David Giroux of T. Rowe Price, will examine during the 2012 Reuters’ Global Investment Summit Outlook taking place next week in New York, London and Hong Kong.

Nov 30, 2011

American Airlines workers face pension plight

NEW YORK, Nov 30 (Reuters) – Millions of Americans remember
US Airways pilot Chesley B. “Sully” Sullenberger III. In 2009,
he became an instant hero for saving 155 lives by landing on
New York City’s Hudson River when his aircraft lost power after
it was struck by birds shortly after taking off.

But few know that – like thousands of other airline
employees – Sullenberger was struggling financially at the time
because two US Airways bankruptcies had derailed his pension
and slashed his salary 40 percent.

Nov 21, 2011

Help Wanted USA: Hiring hotspots emerge, but mobility an issue

NEW YORK (Reuters) – It’s not like the people in Fort Wayne, Indiana aren’t sympathetic with America’s unemployed. It’s just that they’re not seeing as many of them as the rest of us.

While most of the country is saddled with stubbornly high unemployment, numerous new construction projects and thousands of new jobs have made this Midwestern city of nearly 250,000 a pocket of relative prosperity.

Nov 21, 2011

Help Wanted USA: Hiring hotspots emerge, but mobility an issue

NEW YORK, Nov 21 (Reuters) – It’s not like the people in
Fort Wayne, Indiana aren’t sympathetic with America’s
unemployed. It’s just that they’re not seeing as many of them
as the rest of us.

While most of the country is saddled with stubbornly high
unemployment, numerous new construction projects and thousands
of new jobs have made this Midwestern city of nearly 250,000 a
pocket of relative prosperity.

Nov 3, 2011

Credit union business grows as consumers sour on banks

Nov 3 (Reuters) – The big banks may have dropped the debit
card fees, but the credit unions are the ones picking up the
business.

Long touted by consumer groups as a more consumer-friendly
option than large commercial banks, the nation’s not-for-profit
credit unions saw a significant jump in new members and
deposits last month as momentum in the Occupation Wall Street
campaign has increased, and many of the big banks rescinded,
debit card fees.

Oct 31, 2011

Insight: Firms to charge smokers, obese more

By Jilian Mincer

(Reuters) – Like a lot of companies, Veridian Credit Union wants its employees to be healthier. In January, the Waterloo, Iowa-company rolled out a wellness program and voluntary screenings.

It also gave workers a mandate – quit smoking, curb obesity, or you’ll be paying higher healthcare costs in 2013. It doesn’t yet know by how much, but one thing’s for certain – the unhealthy will pay more.

Oct 30, 2011

Insight: Firms to charge smokers, obese more for healthcare

By Jilian Mincer

(Reuters) – Like a lot of companies, Veridian Credit Union wants its employees to be healthier. In January, the Waterloo, Iowa-company rolled out a wellness program and voluntary screenings.

It also gave workers a mandate – quit smoking, curb obesity, or you’ll be paying higher healthcare costs in 2013. It doesn’t yet know by how much, but one thing’s for certain – the unhealthy will pay more.

Oct 30, 2011

US firms to charge smokers, obese more for healthcare

Oct 30 (Reuters) – Like a lot of companies, Veridian Credit
Union wants its employees to be healthier. In January, the
Waterloo, Iowa-company rolled out a wellness program and
voluntary screenings.

It also gave workers a mandate – quit smoking, curb
obesity, or you’ll be paying higher healthcare costs in 2013.
It doesn’t yet know by how much, but one thing’s for certain -
the unhealthy will pay more.

Oct 19, 2011

As Wall Street readies cuts, fears grow in luxury market

By Phil Wahba and Jilian Mincer

(Reuters) – New York luxury store owners and real estate agents are wondering whether they have to brace for some of Wall Street’s pain.

With others likely to follow Goldman Sachs’ lead and slash compensation, Wall Street dealmakers, traders and other staff at banks and funds could cut back this holiday season.

Oct 13, 2011

Analysis: Pension woes are complicating retirement

NEW YORK (Reuters) – Deteriorating conditions in the pension system are jeopardizing the lump sum payouts workers count on, and pushing some workers to retire ahead of schedule.

Stock market losses began dragging down pension assets a few years ago, but the current near-zero interest rates – intended to spur the American economy – have worsened the problem and created the largest gap in assets and liabilities since the end of World War II. “While low interest rates help people borrow money, they dramatically shoot up the pension obligations of plans,” says Rebecca Davis, an attorney at the Pension Rights Center in Washington.