Highlights
A collection of news and information related to Wages and Pensions published by Tribune Company sources.
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On top of stock declines, endowments and pension funds face losses on alternative investments
AP Business WritersNEW YORK (AP) _ College endowments and state pension funds plowed billions of dollars into hedge funds and private-equity investments as a way to balance their stock holdings, and for a time they got supercharged returns. Those days are over. From...Tags: Mutual Funds, Corporations, Retirement, Pension and Welfare, Colleges and Universities
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Alternative holdings sour for endowments, pensions
AP Business WritersCollege endowments and state pension funds plowed billions of dollars into hedge funds and private-equity investments as a way to balance their stock holdings, and for a time they got supercharged returns. Those days are over. From Harvard University to...Tags: Mutual Funds, Corporations, Retirement, Pension and Welfare, Colleges and Universities
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State agency blames security breach for placing names, Social Security numbers of 250,000 online
Tallahassee BureauThe state Agency for Workforce Innovation blamed a "security breach" Wednesday for why it accidentally placed the names and Social Security numbers of 250,000 job-seekers on a "test server" that could have been accessed online. The names and...Tags: Social Security, Interior Policy, Personal Data Collection, Networking, Florida
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UAW says it will suspend jobs bank, delay automakers' trust payments, renegotiate labor terms
AP Auto WriterDETROIT (AP) _ The United Auto Workers said Wednesday it is willing to change its contracts with U.S. automakers and accept delayed payments of billions of dollars to a union-run health care trust to do its part to help the struggling companies secure $34...Tags: Government, Maine, Contracts, Retirement, Collective Contract
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Service industries tumble to record low; Fed reports nationwide slowdown in business activity
AP Economics WritersWASHINGTON (AP) _ The latest evidence of a deepening recession that's already the longest in a quarter-century came Wednesday in a pair of reports that found little relief in sight. The U.S. service sector shrank far more than expected in November, as...Tags: Job Layoffs, Financial and Business Services, Labor Markets, Credit Ratings, Moody's Corporation
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News from around Wisconsin at 6:58 p.m. CST
The Green Bay Packers have found their new punter. Former Penn State player Jeremy Kapinos signed with the Packers late Wednesday after a round of tryouts. A 6-foot-1, 230-pound first-year player, Kapinos spent time with the New York Jets in 2007. He'...Tags: Justice System, Steve Smith, Children, People, Retirement
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UAW grants concessions, Chrysler exec warns of depression as bailout lobbying intensifies
AP Auto WritersDETROIT (AP) _ Worried about their jobs and warned that the cost of failure could be a depression, hundreds of leaders of the United Auto Workers voted overwhelmingly Wednesday to make concessions to the struggling Detroit Three, including all but...Tags: Government, Contracts, Retirement, Vehicles, Unions
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Productivity growth, wage pressures better than expected; unlikely to fan inflation fears
AP Economics WriterWASHINGTON (AP) _ Worker productivity slowed in the summer while wage pressures increased, but both developments were better than expected and are unlikely to raise inflation alarms at the Federal Reserve. Meanwhile, the U.S. service sector, which...Tags: Job Layoffs, Employment, Labor Markets, Federal Reserve, Economy
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Big deal for little Dustin: Red Sox give AL MVP Pedroia to a $40.5 million, 6-year contract
AP Sports WriterBOSTON (AP) _ Dustin Pedroia has a Rookie of the Year award, an MVP, a Gold Glove and Silver Slugger and, of course, a World Series ring. And now he's got the big-bucks contract befitting one of the most decorated young players in baseball. The Red Sox...Tags: Contracts, Cal Ripken Jr., Trials, Chicago White Sox, Kevin Youkilis
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NYC restaurant owners charged with cooking books to hide wage violations for immigrant workers
Associated Press WritersNEW YORK (AP) _ Prosecutors charged the owners of a group of Vietnamese restaurants Wednesday with allegedly cooking their books to hide the pay and hours of immigrant workers, sending a stern warning to eateries that commit similar violations. Simon and...Tags: Restaurant and Catering Industry, Demonstration, Prosecution, Restaurants, Migration
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Possible gang link probed in arrest of Nuņez's son
Reporting from Sacramento and San Diego -- Esteban Nuņez, the son of former California Assembly Speaker Fabian Nuņez, and three other men arrested in a fatal stabbing of a college student in San Diego fit the definition of a criminal street gang, police...Tags: San Diego County, Police, Juvenile Delinquency, Colleges and Universities, Murder
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UAW to renegotiate labor terms, modify jobs bank
Associated PressDETROIT -- The United Auto Workers said Wednesday it is willing to change its contracts with U.S. automakers and accept delays payments of billions of dollars to a union-run health care trust to do its part to help the struggling companies secure $34...Tags: Government, Maine, Contracts, Retirement, Collective Contract
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|Story| Los Angeles Times
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