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14 Jun 2009, 10:40 am
More and more companies are cutting workers pay across the board in an effort to cut costs without firing employees. [read post]
4 Jun 2009, 11:52 am
(Editor’s Note: This post is by William Gleeson and Aaron Ostrovsky of K&L Gates LLP. [read post]
18 May 2009, 4:29 pm
The last few months had brought rampant speculation that Hartford has been trying to offload its life insurance and property/casualty operations first to Metlife and then to Sun Life of Canada.Dow Jones Newswire first reported the above announcement purportedly through a leaked employee memo from CEO Ramani Ayer, in which he stated that the company would "continue to operate strong wealth management and retirement business, including mutual funds, retirement plans and a… [read post]
17 May 2009, 7:04 am
Employees get to keep the benefits already received but can't expect any further contributions from their employers. [read post]
13 May 2009, 1:50 pm
http://online.wsj.com/article/BT-CO-20090512-720383.htmlBy Chad Bray Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--New York Attorney General Andrew Cuomo confirmed Tuesday that an associate of Henry "Hank" Morris, a one-time top political adviser to the state's former comptroller, has pleaded guilty to securities fraud in a "pay to play" probe involving the state's largest pension fund. [read post]
2 May 2009, 8:28 am
• The High Museum of Art in Atlanta laid off 15 full-time employees. [read post]
28 Apr 2009, 8:21 am
Carrillo, alleged misconduct that included stealing groceries; using public funds to pay ranch hands and other private employees; using public equipment on his ranch; filing a false financial statement; having conflicts of interest; and conspiring to improperly influence a grand jury.2 The Texas Senate acquitted Judge Carrillo on the impeachment article alleging stealing groceries, but convicted him on an article alleging conspiracy to collect government rental monies on non-existent… [read post]
26 Apr 2009, 7:06 am
• Yahoo will lay off 700 more employees following a drop in profits. [read post]
21 Apr 2009, 2:20 pm
EThttp://online.wsj.com/article/BT-CO-20090421-715047.htmlBy Chad Bray Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Two more funds and their fund managers have been sued in separate lawsuits for allegedly breaching their fiduciary duties in entrusting client money with convicted Ponzi-scheme operator Bernard Madoff. [read post]
19 Apr 2009, 10:13 am
• Hallmark Cards, Inc is laying off between 550 and 750 employees. [read post]
12 Apr 2009, 7:01 am
• Employee benefits continue to be squeezed as companies cut back. [read post]
5 Apr 2009, 1:26 pm
On the day the plan was announced, the Dow Jones Industrial Average dropped 4.6%.[5] On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act (the “Stimulus Act”), which provides $787 billion in government spending and tax cuts and also codifies (and in some cases expands) the Treasury Department’s restrictions on executive compensation.[6] Under the Stimulus Act, recipients of TARP funds must eliminate incentives that encourage… [read post]
5 Apr 2009, 6:23 am
The company is also cutting pay and furloughing employees for up to 13 days. [read post]
29 Mar 2009, 7:20 am
• Agilent Technologies announced that it was laying off 2,700 employees. [read post]