Hartford Insurance

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Indexes Mixed, Dow Drops 10

All eyes are on Treasury's bank plan

(Newser) - Markets were mixed today as the delayed White House bank bailout plan left investors with little to go on, MarketWatch reports. Still, some financials soared, with Bank of America up 11.28% and insurers Hartford and Genworth Financial up at least 14%. The Dow fell 9.96 points to close... More »

'Sneaky' Loophole Boosts Execs' Pensions

Through lump-sum payments, executives net millions extra

(Newser) - A change in federal disclosure requirements has revealed that some companies are inflating the value of retirement plans for—guess who?—top executives. By converting pensions, which generally pay out in installments over a retired employee’s lifetime, to a lump-sum payment, CEOs can increase the value by 10% to... More »

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