3M scuttles Avery label deal »
3M Co. retreat from a $550 million office-products purchase amid regulatory pressure will let it focus on an even bigger acquisition while forcing deal partner Avery Dennison Corp. to put the unit back on the block. 3M terminated the Jan. 3 sale accord to buy Avery’s office- products business amid U.S. Justice Department opposition because of ...
Schilling’s sock to be sold? »
Former Red Sox pitcher Curt Schilling could be forced to sell a blood-stained sock he wore to lead the team to its first World Series championship in 86 years, as well as other memorabilia, to help pay back millions of dollars in loans he guaranteed for his failed video game company. His company, 38 Studios, filed ...
HP shares shredded »
Shares of Hewlett-Packard Co. on Wednesday fell to their lowest level in almost 10 years as Chief Executive Meg Whitman warned that it will take longer to turn around the beleaguered tech powerhouse. H-P stock shed 13% to close at $14.91, hitting its lowest level since November 2002. The shares already have slumped more than 40% this ...
Retirement Plan Provider Chutzpah »
Chutzpah is a Yiddish word which means audacity, gall, nerve. A perfect example of chutzpah is about the murderer who killed his parents, but is asking the Judge for mercy in sentencing because he’s an orphan. Over the past 14 years, I have seen some chutzpah from many retirement plan providers. There was a producing ...
The one constant for having a great Retirement Plan »
I was a fit at my old law firm sort of like how my son’s toddler clothes fit him at age 7. I wasn’t a good fit because I didn’t take myself too seriously, I tried to push for flat fee billing, and I tried to break down difficult retirement plan concepts into Basic English ...
Plan sponsors who didn’t get fee disclosures? I’m sure they exist. »
The question has been asked by many financial advisors, and third party administrators (TPA), and a reporter: “have you heard from any plan sponsors who didn’t get their disclosures from their plan providers?” The answer is no. While I don’t think the disclosure compliance rate is 100%, I’m sure it’s more than 98%. For the ...
U.S. cuts stake in AIG »
The U.S. government cut its stake in American International Group Inc to 19 percent on Monday, making a profit of $12.4 billion on the insurer’s crisis-era bailout and bringing the unpopular rescue closer to its end.
Toys R Us unleashes their own tablet »
The toy retailer announced the introduction of the Tabeo, a seven-inch, Android-powered tablet for kids that will cost $149.99. The device is aimed solely at younger users, complete with specialized browser controls, pre-loaded educational apps and a curated app store to give kids access to a limited number of programs.
How an Employer Can “Outsource” Their 401(k) Plan »
Running a business is a complicated activity. You have to be an expert in your field, service, or specialty. In order to get your work, there is a point where you will need to outsource some key employer functions such as payroll and other human resource functions. So it stands to reason that it may ...
Amazon unveils new Fire »
Amazon is updating its Kindle Fire tablet computer as it steps up competition with Apple’s iPad. It will cost $159, down from $199 for the old model. It will start shipping Sept. 14. Amazon also refreshed its line of stand-alone e-readers.
