Retirement dreams dashed by 401(k) crash force delaying aging workers
The article follows Greg Perez, a 31-year Qwest technician, whose 401(k) fell from 400000 to 48000 as Qwest stock tumbled. It describes how widespread market decline, lack of diversification, and company troubles trap near-retirees in employment while younger workers struggle to find entry level roles. It includes quotes from John Baker of American Express Retirement Services and Bill Sands of Western Bank, and profiles Garrett Larson, Connie Stewart, and Donald Andersen as examples of stalled career and retirement plans.
MENTIONED IN THIS ARTICLE
Qwest
Greg Perez
Perez
John Baker
American Express Retirement Services
Garrett Larson
University of St. Thomas
Dain Rauscher
Silicon Graphics
Bela Ju
Computer Sci
Ence
General Mills
Best Buy
Cargill
Medtronic
Bill Sands
Western Bank
St. Paul
Sands
Qwest Communications
Donald Andersen
Attorneys urge Florida retirees to consider brokerage claims
Orlando based attorney James Richard Hooper markets legal action for seniors who lost investment money. National figures show rising arbitration claims and class action suits against brokerage firms as stock markets slump. Hooper notes Florida's large 65 plus population and says many seniors blame themselves while seeking advice on possible claims.
MENTIONED IN THIS ARTICLE
Orlando
Hooper
National Association of Securites Dealers
Stanford Law School
Florida
Tion
Ins Law
Merrill Lynch
Bull Halldin
Wall Street
Halldin
Vincent DiCarlo
Sacramento
Calif
West Coast ports brace for slowdowns over stalled dockworker talks
Labor Day brought the threat of work slowdowns at 29 West Coast ports after contract talks between shipping lines and the International Longshore and Warehouse Union collapsed. With the contract expired, 10,500 union members could slow or halt handling of Pacific Rim trade, risking disruptions to a $300 billion annual flow.
MENTIONED IN THIS ARTICLE
Oakland
Calif
West Coast
Pacific Rim
International Longshore and Warehouse Union
Steve Stallone
Pacific Maritime Association
Joseph Miniace
Association
Miniace
Maritime Association
United nicks oilman as next chairman
United Airlines named Glenn Tilton a veteran oil executive as its new chairman and CEO to steer the carrier away from bankruptcy. Tilton, 54, was vice chairman of ChevronTexaco and acted as chair of Dynegy, chosen unanimously by UAL Corp board during a Labor Day conference call.
MENTIONED IN THIS ARTICLE
Chicago
United Airlines
Glenn Tilton
Tilton
ChevronTexaco Corp
Dynegy Inc
United
UAL Corp
Jack Creighton
Data recorders become common in new cars and homes
Traffic safety advocates push for widespread electronic data recorders in vehicles to aid crash investigations and improve safety. GM and Ford include data boxes. privacy concerns persist as automakers and fleets adopt black boxes, with NASCAR mandating them for 2002 season races.
MENTIONED IN THIS ARTICLE
Fram General Motors
California
The
National Transportation Safety Board
Mike Lyons
Independent Witness
Salt Lake City
Las Vegas
Dale Earnhardt
Nascar
Lyons
Rie Brother
Also Mentioned on This Page
Tenpps Howard
Connie Stewart
Stewart
Western
Bank
James Richard Hooper
Orlando, Fla
Motau
United Nicks Oilman
Rono Dutta
Andy Studdert
UAL
Ford
Scripps Howard
Philip Haseltine
Automobile Coalition For Traffic Safety Inc
Arlington
United States
Japan
Germany
Way Traffic Safety Administration
Gilman
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