Report: Some NY legislators retire, stay on job and collect pensions along with salariesAugust 19th, 2009 Some NY legislators collect pension pay, salariesALBANY, N.Y. — Four veteran New York lawmakers who have reached retirement age are collecting state pension payments at the same time they continue to get their regular paychecks.
Stocks open slightly higher after retail sales, weekly unemployment reports, Wal-Mart earningsAugust 13th, 2009 Stocks creep higher after jobs, retail dataNEW YORK — Stocks are pushing moderately higher after a better-than-expected earnings report from Wal-Mart helped to offset disappointing data on jobs and retail sales. Investors are hesitantly adding to Wednesday' big gains, which came after upbeat comments from the Federal Reserve.
Brink's 2nd-quarter profit drops 58 percent to $20.3 million as sales slideJuly 30th, 2009 Brink's 2Q profit plunges 58 percentRICHMOND, Va. — Armored car company Brink's Co.
Correction: Equinix earnings storyJuly 29th, 2009 Correction: Equinix earnings storySAN FRANCISCO — In a July 22 story about Equinix Inc.'s second-quarter earnings, The Associated Press erroneously reported that the data center operator's revenue of $213.2 million fell short of analysts' expectations for $220 million. In fact analysts polled by Thomson Reuters had expected revenue of $208.8 million, and Equinix surpassed it.
Volterra 2Q earnings tumble 80 percent as sales fall, but results still beat estimatesJuly 20th, 2009 Volterra 2Q earnings plunge but top expectationsFREMONT, Calif. — Volterra Semiconductor Corp.
Unite union calls strike vote on Barclays' move to close final salary pension planJuly 17th, 2009 Union sets strike vote on Barclays pension closureLONDON — Britain's Unite union said Friday it will ask members to vote next month on whether to strike against Barclays Bank because of the proposed closure of a final salary pension plan. The union, which represents 25,000 employees of the bank, said walkouts would be staged in September if members approve the strike call.
New pension system to be offered to more segmentsJuly 2nd, 2009 CHENNAI - Expressing satisfaction over pension sector reforms, the government in its Economic Survey 2008-09 has said the new pension system (NPS) will be offered to more segments. "Efforts are underway to extend the NPS to new segments (autonomous bodies, state governments and unorganised sector) and introducing micro-pension initiatives," said the survey tabled in parliament Thursday.
Brink's Home Security, recently spun off from Brink's Co., renamed Broadview SecurityJune 30th, 2009 Brink's Home Security becomes Broadview SecurityNEW YORK — The home and commercial security business that The Brink's Co. spun off last fall is being renamed Broadview Security, a move that entails increasing advertising spending by as much as $120 million, the company said Tuesday.
CPI, Congress question pension for JP activistsJune 6th, 2009 PATNA - The Communist Party of India (CPI) and the Congress have criticised a pension plan announced by the Bihar government for those who participated in a mass movement led by Jayaprakash Narayan, popularly known as JP, in the 1970s. "It is a bad precedence set by the Nitish Kumar government," said CPI leader Jabbar Alam.
Tiffany 1st-quarter earnings fall 62 percent, as consumer spending remains sluggishMay 29th, 2009 Tiffany's 1st-quarter profit tumbles 62 percentNEW YORK — Jewelry retailer Tiffany says its first-quarter profit plunged 62 percent on a steeper-than-expected drop in sales as consumers continued to pull back on spending. Still, the earnings matched Wall Street's expectations.
Poll panel seeks explanation from pension fund authorityMay 2nd, 2009 NEW DELHI - The Election Commission Saturday asked the Pension Fund Regulatory and Development Authority (PFRDA) to explain why its advertisement of the New Pension Scheme' had been different from the version for which the poll panel had given permission. The poll panel asked the pension authority to explain the deviation and non-compliance with the panel's order for the advertisement which appeared in the Hindu newspaper.
Health insurer Aetna reports slight 1st-quarter profit increase; membership risesApril 29th, 2009 Aetna reports slight 1Q profit increaseINDIANAPOLIS — Managed-care company Aetna Inc. said Wednesday its first-quarter profit rose slightly due to membership gains and premium increases, even though the company saw higher-than-expected medical costs.
Daimler makes deal to end partial ownership of Chrysler, forgive loans, pay into pension planApril 27th, 2009 Daimler reaches deal on final split from ChryslerNEW YORK — Germany's Daimler AG said Monday it has reached a deal to get rid of its remaining 19.9 percent stake in Chrysler LLC, severing the last tie between the two automakers that was formed more than a decade ago. The agreement is expected to stanch the billions in losses Daimler has sustained as a result of its stake in the struggling U.S.
AT&T 1Q earnings fall 9.7 percent but beat Wall Street estimatesApril 22nd, 2009 AT&T 1Q earnings fall 9.7 percentNEW YORK — Strong results from the wireless business softened the effect of the weak economy at AT&T Inc., helping the country's biggest telecommunications carrier beat analyst estimates for the first quarter. AT&T said Wednesday it earned $3.126 billion, or 53 cents per share, in the first three months of 2009, down 9.7 percent from $3.461 billion, or 57 cents per share, a year earlier.
New pension schemes for widows, disabled in interim budgetFebruary 15th, 2009 NEW DELHI - The government Monday announced two new pension schemes for widows and physically disabled in the interim budget 2009-10. The Indira Gandhi National Widow Pension Scheme will provide a pension of Rs.200 to widows in the age group of 40-64, while the Indira Gandhi National Disability Pension Scheme aims to provide pension to 'severely disabled persons', acting finance minister Pranab Mukherjee said in his budget speech in parliament.
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