Skip navigation

Court appoints lead plaintiff in shareholder lawsuit against SAC

(Reuters) - A New York court designated a pension fund as the lead plaintiff in a lawsuit filed by shareholders of Elan Corp <ELN.I> against SAC Capital, a court filing showed, as the hedge fund continued to face varied legal challenges over insider-trading charges.Full story

New York City settles lawsuit over police pension benefits

NEW YORK (Reuters) - New York City has settled a lawsuit in which the federal government accused it of improperly reducing retirement benefits for current and former police officers who served in the military after September 11, 2001. Full story

Emergency manager: Detroit won't pay $2.5B it owes

A team led by a state-appointed emergency manager said Friday that Detroit is defaulting on about $2.5 billion in unsecured debt and is asking creditors to take about 10 cents on the dollar of what the city owes them. Full story

Sponsored Links

Articles

Chrysler freezes pension plan for 8,000 employees

Detroit in default if pension certificate payments not made: Fitch

French should pay into pensions for longer, panel says

SC pension fund posting 12.7 percent return

Ill. House Speaker plans new vote on pension plan

Businessman sued over alleged misuse of pension

Moody's joins Fitch in downgrading Ill. credit

Nikkei scrapes back out of bear territory on pension fund hopes

Lack of pension fix pushes Illinois' credit rating lower

Maryland pension adds actively managed Taylor Woods commods fund

Video

  Santelli Takes on Japan's Pension Plan

Will a shift in strategy threaten Japan's $1 trillion public pension fund? CNBC's Rick Santelli takes a look at possible risks associated with the country's reallocation plan.

  Santelli Finds Problem With Pension Payouts

CNBC's Rick Santelli takes a closer look at the skyrocketing costs of pensions.

  How Retirement Cap Limits Impact Small Business: CEO

CNBC's Rick Santelli talks with Brian Graff, American Society of Pension Professionals and Actuaries CEO, about who will get hurt the most in a proposal that limits pension contributions.

  Mayoral candidate: ‘I’m going to lead L.A. forward’

L.A. mayoral candidate Wendy Gruel talks about her focus on the issues impacting the residents of Los Angeles, specifically jobs because the city has a “high unemployment rate, higher than the national average.”

  What drives people out of New York City

Chris Hayes’ New York City mayoral roundtable debate housing, education, income disparities, and what drives people to and from the city.

advertisement | ad info

Related Photos

Eugene's fridge which contains food collected from garbage containers is seen at his home in Nice
Eugene's fridge which contains food collected from garbage containers is seen at his home in Nice

Eugene's fridge which contains food collected from garbage containers is seen at his home in Nice June 13, 2013. Eugene, an 87-year-old retired Frenchman is a former interior decorator, and a pensioner of 24 years, he lives in Nice and is the owner of a small apartment in a bourgeois district of th

Eugene, an 87-year-old retired Frenchman, prepares to cook food collected in garbage containers in Nice
Eugene, an 87-year-old retired Frenchman, prepares to cook food collected in garbage containers in Nice

Eugene, an 87-year-old retired Frenchman, prepares to cook dinner with food collected from garbage containers next to a supermarket in Nice June 11, 2013. A former interior decorator, and a pensioner of 24 years, Eugene lives in Nice and is the owner of a small apartment in a bourgeois district of

French Prime Minister Ayrault delivers a statement about pensions at the Hotel Matignon in Paris
French Prime Minister Ayrault delivers a statement about pensions at the Hotel Matignon in Paris

French Prime Minister Jean-Marc Ayrault reacts as he delivers a statement about pensions at the Hotel Matignon in Paris, June 14, 2013. REUTERS/Christian Hartmann

Eugene, an 87-year-old retired Frenchman, sits on bench while waiting for garbage containers next to a supermarket in Nice
Eugene, an 87-year-old retired Frenchman, sits on bench while waiting for garbage containers next to a supermarket in Nice

Eugene, an 87-year-old retired Frenchman, sits on bench while waiting for garbage containers next to a supermarket in Nice June 10, 2013. A former interior decorator, and a pensioner of 24 years, Eugene lives in Nice and is the owner of a small apartment in a bourgeois district of the city. Althoug