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Next Year 403(b) Savers Face Fewer Investment Options, More Rules
Next Year 403(b) Savers Face Fewer Investment Options, More Rules
Murdoch attacks newspaper doomsayers

Rupert Murdoch tore into the "doom and gloomers" predicting the demise of newspapers yesterday, backing the industry to hit new heights this century, but admitted this involved "moving beyond dead trees".

Bank voted 9-0 for 1.5% cut in rates

Bank of England rate-setters voted unanimously to slash interest rates to a 53-year low two weeks ago, it was revealed today.

'I used my City skills to become a highly efficient house husband'

These days, working for an investment bank is akin to being labelled a child molester. Bankers walk around in public with their heads bowed to avoid meeting new people and facing that dreaded question:"So, what line of business are you in?"

Credit insurers face huge rise in premiums

Credit insurers face having to pay big increases in reinsurance premiums in the coming months as the effects of the credit crunch worsen.

Stephen King: Another British currency crisis – it's enough to make you feel nostalgic

Stick your head out of the window, inhale deeply, and enjoy the sweet, yet sickly, scent of nostalgia. It's everywhere. On a Saturday night, you can settle down in front of the television to watch the X Factor or Strictly Come Dancing, throwbacks to the days of Opportunity Knocks, New Faces and the BBC's Seaside Special. You can bask in the reflected glory of our summer Olympians who won the most British medals since the 1908 Olympics when the tug o' war was, apparently, taken rather seriously. Or you can look at sterling's sudden collapse and think of the seemingly countless occasions when Britain's economic prospects were undone as a result of a currency crisis.

Premier Foods pays £5m to delay debt test

Premier Foods is to scrap its interim dividend payment after agreeing to pay its creditors almost £5m in return for a postponement of an examination of whether the company has breached its banking covenants.

GM workers plead for emergency bailout

A bankruptct filing by General Motors would be the beginning of the end of the US-owned car industry, the president of the United Autoworkers union has predicted.

AstraZeneca to axe 1,400 jobs as factories close

Anglo-Swedish drugmaker AstraZeneca is to cut 1,400 jobs and close three plants in Europe as part of a programme to improve efficiency, the firm announced today.

Protest ahead of HBOS takeover vote

Unions staged a protest today as Lloyds TSB shareholders prepared to vote on the proposed takeover of ailing rival HBOS.

David Prosser: Avoid the sharks but don't forget PPI

Outlook:The Independent celebrated a major victory on Thursday, with the announcement from the Competition Commission that it is proposing to ban sales of payment protection insurance by credit providers within the 14 days immediately following the provision of a loan. This newspaper has repeatedly warned of the scandalous abuses in the PPI market, where banks and other lenders have sold borrowers poor quality, overpriced insurance alongside their loans.

Barclays bows to investor fury over capital raising

The top four executives at Barclays agreed to waive their bonuses for 2008 yesterday after the latest tweak to the terms of the bank's much-maligned refinancing plan failed to stem investor criticism of the package.

David Prosser: Deflation is scary. So too is a policymaker in a blind panic

Outlook Here's a thought about the terrifying spectre of deflation now looming large if the much bigger than expected fall in inflation seen last month is a taste of things to come. It may not be so terrifying.

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