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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 02, 1999
Page
11
The adviser notes you may roll a 401k into an IRA when retiring with bank or brokerage options and suggests weighing risk tolerance. It recommends considering tax free municipal bonds as a long term, low risk alternative and cautions about preserving the original company plan if its track record is solid.
Readers are invited to send questions to Smart Money at P O Box 503 Elfers Florida 34680 or by email. The column promises to answer general interest questions in future editions and notes that due to high mail volume, personal replies cannot be provided.
The Commerce Department reports a 1.4 percent second quarter ECI surge, sending the Dow down 258 points before closing 180.78 lower. Analysts say the move is an overreaction though Greenspan treats ECI as a key inflation gauge.
Aaron Fessler started Allegro Inc in his parents barn using maxed out credit and savings. Four years later the 26 year old accepts an offer to sell for about 40 million with closing set for Aug 6. He declines to name the buyer and says other suitors remain.
Analysis shows work related violence targets specific jobs with elevated homicide risk. Drivers, food service workers, lodging staff and other frontline roles face higher peril, prompting companies to review safety protocols and training.
The article notes a surge in workplace violence awareness after the Atlanta office shootings. It details employer liability for violent hires, recalls a $7.9 million verdict in North Carolina, and cites 1997 work related murders at 856, with 81 from coworkers or customers and 44 by spouses or lovers.
Fidelity National Financial to acquire Chicago Title Co. for 1.2 billion in cash and stock creating a leading national title insurer. The merged group would have over 3.2 billion in annual revenue and about 1000 offices, with a 30 percent market share. Chicago Title ranks third in title revenue, while First American would drop to second.
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