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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.)
  • Motorola Solutions offloading $3.1 billion in pension debt to insurer

    Motorola Solutions is transferring a big chunk of its pension obligations to a leading insurer, aiming to reduce the risk on its balance sheet. Motorola Solutions will buy a $3.1 billion group annuity contract from Newark, N.J.-based Prudential...

    Chicago manufacturing 'punching below its weight,' report says

    Chicago manufacturing 'punching below its weight,' report says
    Metro Chicago lags behind many counterparts nationwide in the recovery of its manufacturing sector as well as the exports it fuels, a serious deficit as the city reaches for a bigger share of global economic activity. While the 14-county tri-state...

    Discover says it's in talks to join Apple Pay

     Discover says it's in talks to join Apple Pay
    Conspicuously absent Tuesday from a list of companies participating in Apple Pay was Riverwoods-based Discover Financial Services. That day, smartphone-maker Apple rolled out a new version of the iPhone as well as a new payment service called Apple Pay....

    With court's approval, Detroit emerges from bankruptcy

    With court's approval, Detroit emerges from bankruptcy
    Detroit emerged Friday from the nation’s largest municipal bankruptcy with a life line as it seeks to recover from an ocean of debt and mismanagement that threatened to drown the onetime symbol of U.S. industrial might. The court approval of the...