Bush signs sweeping pension reform to fix underfunding
President Bush signed landmark pension reform aiming to strengthen traditional defined benefit plans and require higher funding levels. The law pressures companies to disclose pension health and nudges workers to save more, with 100 percent funding target for underfunded plans within seven years and expanded IRA and 401(k) options. It also seeks financial stability for the Pension Benefit Guaranty Corp. and may blunt future federal bailout needs.
MENTIONED IN THIS ARTICLE
Washington
Bush
America
White House
Pension Rights Center
Pension Benefit Guaranty Corp
Brits Anniversary Open House At Londown Mass Shop
Brits, a downtown shop known for its eclectic British items, celebrates its 11th anniversary with an open house from 10 a.m. to 6 p.m. at 929 Mass. The event invites locals to browse its varied assortment and join the milestone celebration.
MENTIONED IN THIS ARTICLE
Brits
Mass
Contact as Mark Fagan business editor
Mark Fagan serves as the business editor contact at the newsroom. Reach him at 832-7188 or via email at mfagan ljworld.com for business section inquiries and sourcing.
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Mark Fagan
Mfagan
Ljworld
Merck hits setback in Vioxx cases in NY and NJ
Merck faces a $51 million verdict awarded to Gerald Barnett in New Orleans for Vioxx related heart attack damages plus $1 million punitive. In Atlantic City a New Jersey judge overturned part of a prior verdict, citing new evidence that Merck withheld heart attack data. Merck plans appeals and continues to defend itself in the 16,000 plus related suits.
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New Orleans
New Jersey
Judge Rules Company
Merck & Co
Merck
Vioxx
FBI
Gerald Barnett
Barnett
Myrtle Beach
S.C
Carol Higbee
Christopher Seeger
Seeger
Frederick
Mike” Humeston
Boise
Idaho
Kenneth C. Frazier
Humeston
Ted Mayer
Hughes Hubbard & Reed
National Defense
Atlantic City
Higbee
New England Journal of Medicine
Alex Brandon
Corinne Barnett
Mark Robinson
Jerry Bamett
Jerry Bamnett
Grain and f utures slip on CBOT and CME markets
Chicago Board of Trade futures for wheat corn oats and soybeans fell while beef and pork futures rose on the Chicago Mercantile Exchange. Local elevator prices show soybeans near 5.05 while wheat and corn near 4.27 and 1.99 respectively. Nonferrous metals and precious metals quotes round out the market snapshot.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
Lawrence South
Pauline
Rescoring can help buyers fix credit errors quickly
A homebuyer faces delays as credit bureau investigations stretch up to 30 days. Ask your bank about their rescoring service to correct errors faster, and provide documentation and a rescoring fee to improve loan terms and protect the Sept. 5 closing. Obtain reports early and seek preapproval before house hunting.
MENTIONED IN THIS ARTICLE
Credit Bureau
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Jworld.com
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HCA
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