Breaking News, Business, Politics, Technology
Saturday, May 25, 2019
The Illinois state comptrollers office is being sued by the city of Chicago over claims that the state has been diverting money that should be going to pension contributions. The lawsuit also names the Chicago Policeman’s Annuity and Benefit Fund, […]
The Western Pennsylvania Teamsters & Employers Pension Fund has received approval by The US Treasury Department for a benefit reduction application. The application would allow the plan’s trustees to reduced benefits that have accrued through Dec 31, 2017, by 30%. […]
A recent report by the auditor general of Illinois claims that the Illinois police and firefighters pensions were not examined as required per state law. The state’s department of insurance is required to examine the pension funds every three years. […]
![Walmart Corporate from Bentonville, USA [CC BY 2.0], via Wikimedia Commons](https://d2wsh2n0xua73e.cloudfront.net/wp-content/uploads/2019/03/Walmart-270x200.jpg)
A town in Levittown, NY is now home to the new Walmart Inc. (NYSE:WMT) “store of the future.” The new Walmart store features AI controlled cameras and displays, a working concept for the retail giant. The new concept store differs […]
Consulting Firm NEPC has recently released a survey indicating that many endowments and foundations are expecting a worsening economic outlook. According to the report, the number of endowments that are concerned about an economic downturned has tripled. A total of […]
The legislative session for Kentucky ended with a failure to enact any long overdue pension bill reforms. The governor vetoed the current pension proposal but an ally of Republican Gov Matt Bevin appears to have another proposal in the works. […]
Earnings news for Tesla Inc. (NASDAQ:TSLA) was a bit somber as the electric car maker announced lower than expected losses. The electric car company reported a loss of $702 million, or $4.10 a share, citing lagging sales and cost control […]
During the University’s “Heat Week”, an organized campaign to spark debate regarding climate change and Harvard University’s role in it, a student group called Divest Harvard campaigned to have the University’s endowment divest from fossil fuels. The group was adamant […]
A new report by consulting firm Milliman published the performance of the 100 largest corporate defined benefit pension plan sponsors and the results may give cause for slight celebration. The funding ratio for the 100 companies’ pensions rose to 87.1% […]
The world of streaming has practically done away with the serendipitous moment of flicking channels to find that one episode or movie that you would love to see. Recently, Netflix has announced that it is bringing something akin to channel […]
