The bleak retirement outlook for displaced workers
If you thought that Americans as a whole were unprepared for a secure retirement, you should see the ones who have lost their job.A report from the Transamerica Center for Retirement Studies finds many unemployed and underemployed workers have been dipping into their retirement accounts to fund
Royal Gold 4th-Quarter Profit Falls 5.1% on Income Tax Expense
Royal Gold Inc.'s (RGLD, RGL.T) fiscal fourth-quarter earnings fell 5.1% as the company booked higher interest and income tax expenses, though its costs slid and revenue edged up.
National Oilwell Buys Robbins & Myers For $2.6 Billion
Oilfield-services equipment maker National Oilwell Varco Inc. (NOV) agreed to acquire Robbins & Myers Inc. (RBN) for $2.55 billion, a deal that will expand the company's offerings of tools, pumps and valves used in oil production.
Strike a Deal: Compromising with the IRS
The IRS recently launched the Fresh Start program to help consumers settle massive tax liabilities for pennies on the dollar---only if they qualify.
JP Morgan Cites 'Material Weakness' In Restated 1st-Quarter Results
J.P.Morgan Chase & Co. (JPM) on Thursday admitted to a "material weakness" in the bank's internal controls in filing its restated first-quarter results, which included the loss resulting from ill-placed investment hedges.
Canada July Housing Starts Down 6.1% to 208,500 Annual Rate
Canadian housing starts fell 6.1% to an annual rate of 208,500 in July, Canada Mortgage and Housing Corp. said Thursday.
Tata Motors Misses 1Q Forecast as Weaker Rupee Hurts
Tata Motors Ltd. (TTM) Thursday posted a 12% rise in its fiscal-first-quarter consolidated net profit, but missed market estimates as an eightfold increase in foreign-exchange losses offset most of the gains from higher vehicle sales at its U.K. unit Jaguar Land Rover Plc.
Trade Deficit Shrinks 10.7% in June
The U.S. trade deficit fell 10.7% to $42.9 billion in June from the month before. The deficit was the narrowest since December 2010 and considerably smaller than the $47.5 billion economists expected.
UBS Plans 10-Year Dollar Hybrid Capital Bond Issue
Swiss bank UBS AG (UBS) is planning a benchmark-size, U.S. dollar-denominated, 10-year subordinated bond, one of the banks running the deal said Thursday.