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Pension and Welfare

A collection of news and information related to Pension and Welfare published by this site and its partners.

Top Pension and Welfare Articles see all

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  • News of the Weird: A Piece of the Action

    News of the Weird: A Piece of the Action
    “Fantasy sports” are hugely popular, but when fans “draft” players for their teams, they “own” only the players' statistics. Recently, Wall Street and Silicon Valley entrepreneurs created Fantex Holdings, which will allow investors to buy actual pieces of real players — namely, rights to 20 percent of the player's lifetime earnings (including licensing and product endorsement deals). The firm told The New York Times in October that it will soon stage an “IPO” for budding NFL star Arian Foster and hopes to sign up many more athletes, plus singers and actors similarly early in their careers. (On the other hand, Fantex's lawyers drew up a 37-page list of potential investment risks, such as injuries, slumps and scandals — and the fact that the stock will trade only on Fantex's private exchange.)
  • Ex-owner of Poconos resort ordered to pay back former employee pensions

    SCRANTON — A federal judge on Tuesday ordered a former honeymoon resort owner in the Pocono Mountains to pay more than $2 million for illegally dipping into his employees' pensions. Charles Poalillo Jr. was also given three years' probation but...

    City Treasurer Wants Money From Pension Account For Grand Jury Lawyer

    HARTFORD — City Treasurer Adam Cloud is seeking payment from a Hartford pension fund account for attorney's fees related to a federal grand jury investigation, a request that has concerned some city officials who say Hartford is already paying a...

    Key hearing on Detroit's historic bankruptcy begins in US court

    DETROIT (Reuters) - Detroit will not recover, and it may not survive as a major city if its debts are not significantly reduced during bankruptcy, a city attorney told a federal judge at the start of a critical phase of the case on Tuesday. As Detroit'...

    Argentine farmers see grains surge if next president opens market

    BOLIVAR Argentina (Reuters) - Grains powerhouse Argentina could increase soy, corn and wheat output by as much as a fifth if the president elected next year scraps export quotas, eases taxes and reverses other policies that have slowed investment, farmers...