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Alerts
Probe of Seminar for Seniors Finds Fraud
An investigation by federal and state regulators of "free lunch" investment seminars aimed at seniors has found high-pressure sales pitches masquerading as educational sessions, pervasive misleading claims for unsuitable financial products, and even fraud.
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IRS OKs Changes to 403(b) Plans
NEW YORK (AP) - Teachers, health-care professionals, museum curators and others who work for nonprofit employers will soon see changes in their retirement plans. The IRS in July approved the first major overhaul of 403(b) plans in more than four decades, with the aim of giving employers more oversight of the savings programs.
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Gas Station Owners Allege Price Fixing
SAN FRANCISCO (AP) - Nearly two dozen gas station owners in California sued Shell Oil Co., Chevron Corp. and Saudi Refining Inc., on Tuesday, claiming the companies conspired to fix prices for 23,000 franchise owners nationwide.
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Despite Data, Fed Leaves Rates Steady
WASHINGTON (AP) - Wall Street turbulence, Main Street credit problems and a nationwide housing slump pose increasing risks to the economy, the Federal Reserve said Tuesday, even as it left interest rates unchanged.
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Retirees Fight U.S. Over Border Wall
BLAINE, Wash. (AP) - Herbert and Shirley-Ann Leu were thinking landscaping, not politics, when they built an 85-foot-long concrete wall in their backyard. But their yard happens to run along the U.S.-Canadian border -- a situation that has put the Leus in the middle of a property rights battle.
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