The bleak retirement outlook for displaced workers
If you thought that Americans as a whole were unprepared for a secure retirement, you should see the ones who have lost their job.A report from the Transamerica Center for Retirement Studies finds many unemployed and underemployed workers have been dipping into their retirement accounts to fund
Pacific Rubiales 2Q Net Profits Decline 36% to $224 Million
Canada-based Pacific Rubiales Energy Corp. (PREB, PRE.T, PREC.BO), the largest private producer of oil in Colombia, reported net earnings of $224 million in the second quarter, a 36% decline from the same period a year earlier as global oil prices fell.
AstraZeneca: Bristol-Myers Squibb Completes Purchase of Amylin
AstraZeneca PLC (AZN.LN) and Bristol-Myers Squibb said Thursday that following the successful completion of the acquisition of Amylin Pharmaceuticals by Bristol-Myers Squibb Co (BMY), AstraZeneca has made an initial payment of 3.2 billion dollars to Amylin Pharmaceuticals (AMLN).
JPMorgan Files Formal 1Q Restatement
The bank filed a formal restatement of its first-quarter results to show that the values of derivatives positions on a London trading desk were originally overstated.
Commerzbank Warns on Net As Crisis Weighing on Revenue, Loans
Germany's Commerzbank AG (CBK.XE) Thursday warned that net profit will be lower in the second half than in the first, saying that challenging market conditions will continue to mute customer activity, weigh on revenue and put further pressure on the loan book.