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A collection of news and information related to 401K published by Tribune Company sources.
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Michigan-based Herman Miller is cutting costs
Office furniture maker Herman Miller Inc. is cutting costs in response to reduced demand that it blames on the slumping economy. The Zeeland-based company says it will temporarily reduce hours and pay by 10 percent for most of its salaried U.S....Tags: Herman Miller Incorporated, Michigan
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IRS may give struggling taxpayers a break
In a nod to the severity of the economic downturn, the federal government through the IRS may cut struggling taxpayers a break this year. "We want to go the extra mile to help taxpayers, especially those who've done the right thing in the past and are...Tags: Real Estate Buyers, Retirement, Unemployment, House and Home, Personal Income
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AIG gets $30 billion more in bailout funds
The Swampby Frank James Another day, another massive taxpayer-funded cash infusion into a financial giant. American International Group or AIG, the large insurance company deemed too big to fail because of its extensive linkages throughout the global financial...Tags: Quarterly or Semiannual Financial Statements, Retirement, U.S. Department of Treasury, Financially Distressed Companies, United States
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Lennar Corp. CEO Stuart Miller received 2008 compensation valued at about $1.1 million
AP Real Estate WriterLennar Corp.'s chief executive received a 2008 compensation package valued at about $1.1 million, a 6.4 percent pay cut from the prior year, reflecting the homebuilder's decision to reign in executive pay as it struggles through the housing downturn....Tags: United States, Associated Press, Prices, CEO Pay, Retirement
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Discover CEO's pay falls 89% in 2008
Associated PressDavid Nelms, the chairman and chief executive of Discover Financial Services, took home 89 percent less in compensation in 2008 than he did the prior year. Nelms received about $2.4 million in compensation in a year in which the credit crisis exploded,...Tags: Retirement, Stock Options, Riverwoods, Credit and Debt, Associated Press
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Expert advice on keeping your credit score golden
patricia.kitchen@newsday.comBack when property values were going nowhere but up, many lenders were more concerned about doing deals and less with credit scores, which range from a low of 300 to a high of 850. Consumers could get loans -- many not at good rates -- with scores as...Tags: Credit and Debt, Credit Ratings, Equifax Incorporated, Tiger Woods, Advice
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It's critical to calculate what you need to save
PLANNING FOR RETIREMENT The rule of thumb is to be able to replace 70 percent to 90 percent of your pre-retirement earnings, according to "Savings Fitness: A Guide to Your Money and Financial Future" from the U.S. Department of Labor. To get a fix on...Tags: Regulatory Policy and Organizations, Retirement, Finance, Interest Rate, U.S. Department of Treasury
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Government Gives AIG $30 Billion To Help Offset Losses
Reporting from WashingtonFederal officials tossed American International Group another financial lifeline today, providing up to $30 billion more to help the staggering insurance giant deal with a record $61.7 billion loss in the final three months of last year. The money was...Tags: Business, Federal Reserve, Retirement, American International Group, Citigroup Incorporated
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Voice of the People
Saving the country I am puzzled as to why such an esteemed newspaper as the Chicago Tribune is taking such a negative position on the housing plan. It is sad that, apparently with many of your readers, you do not understand that this rescue is no...Tags: Government Health Care, Roland Burris, Barack Obama, Retirement, Foreclosures
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South Florida auto dealers retrench to try to survive recession
South Florida Sun-SentinelThe Maroone Chevrolet dealership in Fort Lauderdale is a lonely place these days. On a recent Sunday afternoon, one couple walked out without buying a car, their credit too weak to qualify for a loan. A man with cash left without buying a truck, hoping...Tags: General Motors Corp., Real Estate Sales, Unemployment, Contracts, AutoNation
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Books: New releases
Apologize, Apologize! A Novel by Elizabeth Kelly (Grand Central/Twelve, $23.99) Collie is the dull link in his flamboyant family, which includes his adulterous, alcoholic father, a cruelly pugnacious mother, a pigeon-racing uncle and a prep-school failure...Tags: Clive Cussler, United States, Honolulu, Family, Oregon
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LIers close to retirement face harsh choices
tom.incantalupo@newsday.comKathryn Schneider came suddenly to a crossroads in her life Jan. 6 - the day she lost her job as an executive assistant as part of a downsizing at a Melville electronics distributing company. Her choices? Find a full-time job or semi-retire and begin...Tags: San Diego (San Diego, California), Government Health Care, Retirement, Unemployment, Private Health Care
Mar 6, 2009
|Story| Associated Press
Mar 6, 2009
|Story| Newsday
Mar 3, 2009
|Blog| Chicago Tribune
Mar 5, 2009
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Mar 2, 2009
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Mar 3, 2009
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Mar 3, 2009
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Mar 2, 2009
|Story| Hartford Courant
Feb 26, 2009
|Story| Chicago Tribune
Mar 1, 2009
|Story| South Florida Sun-Sentinel
Mar 1, 2009
|Story| Baltimore Sun
Feb 28, 2009
|Story| Newsday