Posted by Heather Ward | Posted on 08-12-2011
Print | Email | December 09, 2011
Today’s Headlines 12/9/2011
- Blagojevich shouldn’t collect pension, Attorney General Madigan says
- Airline ribs Blagojevich with ‘seat-selling sale’
- In brief: IHA’s publicist | UIC patient survey | Tinley Park nursing home
- 10 Things to do this weekend
- Central DuPage, Delnor name combined health system
- ComEd files performance metrics with ICC
View All of Today’s News Headlines
The Illinois Attorney General says Rod Blagojevich shouldn’t collect the $65,000 yearly pension he earned as governor.
The Thursday opinion comes a day after Blagojevich was sentenced to 14 years for corruption including that he tried to sell or trade an appointment to the Senate seat vacated by President Barack Obama.
The General Assembly Retirement System board moved last month to block payments to newly convicted ex-officials.
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Posted by Sean Cruz | Posted on 08-12-2011
PepsiCo boss Indra Nooyi has a plan to answer her critics.
The CEO is significantly increasing the company’s 2012 marketing budget on beverages and will partly offset those costs by laying off more than 1,000 workers, some at its New York headquarters, three sources close to the situation said.
PepsiCo’s world headquarters in Purchase has roughly 2,000 workers, while its beverages headquarters in Somers employs roughly 900. There are 300,000 globally.
“This is Indra’s attempt to take the company in a new direction,” a source said.
PepsiCo has said it will announce a strategic plan early next year. The Post has reported that some PepsiCo board members have run out of patience with Nooyi, upset she has not put together a succession plan and that PepsiCo stock is flat over her five-year tenure — trailing rival Coke’s 35 percent gain. Some director
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Posted by Shannon Myers | Posted on 07-12-2011
Blackstone Group LP, the worlds largest private-equity firm, won as much as $1.8 billion in pension-fund commitments today from the New Jersey Division of Investment.
The state may invest up to $1.5 billion in four newly created separate accounts to be managed by Blackstone and $300 million in three of the firms existing funds, according to a memorandum detailing the plans. The deal will provide New Jersey with significant benefits, including expanded investment opportunities and discounted fees, Timothy Walsh, director of the investment department, said in the memo.
Blackstone is the states largest alternative-asset manager, the investment department said.
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Posted by Heather Ward | Posted on 28-11-2011
Make provision for important events in your dependents lives. Your dependents will experience certain important life events, and you have to provide for these events. E.g. illness of the dependents, childrens education and marriage. Also once your children leave home or start working, then your household expenses will reduce. So from then on, you just have to think about your spouse.
Satish was married with a wife who was a homemaker and a 2 year old son. He bought a life cover of Rs. 5lakhs. But one day, Satish met with an accident and passed away on the spot. His wife got the sum assured from the insurance cover. However the claim amount she got was very less.
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Posted by Shannon Myers | Posted on 28-11-2011
Katy Perry says she is not divorcing British comedian Russell Brand, her husband of a year, contrary to Internet buzz claiming she is.
The U.S. pop star addressed rampant rumors in a Twitter message Wednesday.
“First I’m pregnant & then I’m divorced. What am I All My Children?!” Katy Perry said in her online message.
Posted by Sean Cruz | Posted on 25-11-2011
PARIS (AP) — Fitch warned Wednesday that France risks losing its triple-A credit rating if Europes leaders dont stop the eurozone crisis from worsening.
Fitch, along with the other major agencies, gives France its highest mark for creditworthiness.
But in a report published Wednesday, Fitch said a further intensification of the eurozone crisis would result in a much sharper economic downturn in France and the European Union, and that means France would risk losing its AAA rating.
Fitchs warning comes days after another Moodys, said much the same.
The more France has to pay to borrow money, the harder it will be to reduce its overall indebtedness.
On Wednesday, the yield on Frances 10-year bonds rose slightly to 3.62 percent — down significantly from last weeks high when it hit levels not seen since the euro was created in 1999. How
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