Pension Funds Face Fees Overhaul in City Plan
Domenick weighs moving over $28 million in city pension funds into American Funds options after May cites hidden trading costs averaging around 0.5 percent. She urges single fund management to reduce duplication and gain fee renegotiation leverage. Domenick says transfers would avoid front end charges and back-end costs, with no new city fees.
MENTIONED IN THIS ARTICLE
Morgan Stanley
WRP Investments
Goldman-Sachs
May
Dean Witter
New Castle
Domenick
Pension Trustees
American Funds
Jail dispute at Lawrence County jail prompts controversy
Union attorney accuses warden of favoritism and ethics violations after arbitration case on Panella firing. Session alleges misconduct by Hall influencing votes and calls for investigation. prison board to address personnel remarks in executive session. Holmes noted as a long-running top film character with many portrayals.
MENTIONED IN THIS ARTICLE
Martin Luther King
Session
the Union
Panella
Allyson Williamson
Hall
Allyson
Lawrence County
Ed Fosnaught
Fosnaught
Fasnaught
Brian Burick
Prison Board
Pension fund trustees tied to December 1998 transfer
Pension fund adviser David Domenick said investigators focus on council actions as pension fund trustees. He and Eugene Gabriel, a representative of American Express Financial Advisors, each handle over $6 million of the fund. The total fund exceeds $27.7 million.
MENTIONED IN THIS ARTICLE
May
Domenick
American Fund
American Express Financial
Morgan Stanley
Eugene Gabriel
Ameri
Sion
Pension Fund
David Domenick
Council
Gabriel
American Express Financial Advisors
English inventor Joseph Swan who lit the world
Sunderland native Sir Joseph W. Swan, born 1828, was a chemist and inventor famed for photography and electric lighting. He developed the incandescent filament lamp and in 1879 patented bromide paper for photographic development. Knighted in 1904, he died in 1914.
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Sunderland
England
Joseph W. Swan
Swan
Fire damages building as ashes fill another shop
A blaze singed a building while another rental space was filled with ashes in Ellwood City. Romar Textile Co Inc and Aaron Stra bryla rented stor age space. losses and damage estimates were not yet known. Frank Pitelka of Pitelka Machine and Ellwood City Chamber of Commerce offered support and space to restart operations as owner Bush planned quick rebuilding to resume work with 12 employees.
MENTIONED IN THIS ARTICLE
Romar Textile Co. Inc
Aaron Strabryla
Bush
Frank Pitelka
Pitelka Machine
Ellwood City
Pitelka
North Sewickley
Third Street
Baumhammers seeks own defense in major homicide case
Prosecutor Ed Borkowski argued during Baumhammers' competency hearing that the suspect withheld information from doctors. Baumhammers' lawyers rejected a District Attorney exam by a state psychiatrist. The defendant, tied to a hate crime count and shootings across Allegheny and Beaver counties, fled to authorities after the April 28 incidents. A psychiatrist described Baumhammers as eerie and robot-like, with paranoia and poisoning fears, while noting low spirits but no personal crisis.
MENTIONED IN THIS ARTICLE
Ed Borkowski
Baumhammers
Borkowski
O’toole
Difenderfer
United States
Allegheny
Beaver Counties
Pennsylvania
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