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
Wells Fargo Sets Pricing on 10-Year Bond at Swaps +1.00 Area
Wells Fargo & Co. (WFC), has set pricing on its euro-denominated, benchmark-sized, 10-year bond in the area of 100 basis points over midswaps, one of the banks running the deal said Thursday.
British American Tobacco Says Australia Court Package Decision Next Week
Australia's highest court will hand down next week its decision on a challenge from big tobacco companies to tough new plain-packaging laws in a judgement that will be watched around the world by other countries mulling similar proposals.
Swiss Re Shrugs Off $1 Billion Unit Sale Hit To Post Profit
Swiss Re (SREN.VX) Thursday said higher premiums and fee income and a dearth of natural catastrophes helped it shrug off a $1 billion hit on the sale of its U.S. life business unit to report a net profit in the second quarter, but it said the economic climate remains challenging.
Procter and Gamble Sets Pricing on Bond at Swaps +0.35 Area
American multinational consumer goods company Procter and Gamble has set pricing on its euro-denominated, benchmark-sized, 10-year bond in the area of 35 basis points, one of the banks running the deal said Thursday.
China NDRC to Raise Gasoline, Diesel Prices -C1 Energy
China may raise gasoline and diesel prices Friday, energy consultancy ICIS C1 Energy said Thursday, without citing any sources.
Deutsche Telekom Confirms Outlook As Profit Rises
Deutsche Telekom AG (DTE.XE) Thursday confirmed it's on track to reach its full-year targets after second-quarter net profit rose sharply, helped by lower expenses linked to staff reductions, but the company warned its European business is unlikely to improve in the near term.
Westpac Tells Banking Inquiry Mortgage Repayments Accelerating
Australians are paying off their mortgages twice as fast as the average over the past 30 years, a senior Westpac Banking Corp. (WBC.AU) executive said Thursday.
Nestle Sees Raw Material Inflation In Low To Mid Single Digit Range
Nestle SA (NESN.VX) expects raw material prices to increase in a low to mid single digit percentage range during 2012, its chief financial officer said Thursday.
BSkyB Buyback 200,000 Shares/Average 740.7852P
British Sky Broadcasting Group PLC (BSY.LN) said Thursday that on Aug. 8 it purchased 200,000 of its ordinary shares for cancellation at an average 740.7852 pence per share.