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  • New York AG Andrew Cuomo's office has subpoenaed Prudential (PRU) and MetLife (MET) as part of a "major fraud" investigation into how life insurers may have misled military families into placing benefits in insurer-controlled, low-yield, potentially risky accounts which "reaped millions in secret profits for the insurers."  [View news story]
    Sounds similar to what the US gov has done with Social Security contributions.

    Similar except the gov forces these things. Those dealing with the insurers did so voluntarily.
    Jul 29, 2010. 02:08 PM | 3 Likes Like |Link to Comment
  • Premarket gainers: CTIC +7%. AIB +7%. BP +6%. STD +5%. MT +5%. YRCW +5%. CRUS +5%. IRE +5%. ABK +4%. FCEL +4%. ASML +4%. CLF +4%. LYG +74%. AMD +4%. MU +4%. X +4%. LVLT +4%. FIS +4%. JASO +4%. AMD +4%. RTP +4%. MGM +4%. LVS +4%. DRYS +4%.
    Losers: TGB -10%.  [View news story]
    Typo: LYG up 4%, not 74%!
    Jul 6, 2010. 09:34 AM | Likes Like |Link to Comment
  • American Agency Mortgage: Huge Dividend REIT [View article]
    TryReflexology said: "One thing however, the small type is very hard for me to see. Others with poor eyesight may have the same problem. The font size you used on the majority of the body was just fine. Just a thought to help you succeed."

    Just between the title of the article and the body of the article, there is a little tool that can help you determine the font size of the characters. It will only affect the characters in the article, however, and not the comments. Hope that helps.

    Disclosure: Long NLY, HTS, ANH.
    Aug 20, 2009. 01:56 PM | 1 Like Like |Link to Comment
  • FedEx (FDX) launches a multi-million dollar campaign to derail proposed federal legislation making it easier for the company's employees to unionize. FedEx has argued the new laws could boost customer costs by up to 30%.  [View news story]
    As an employee of Fedex, I can tell you that what FedEx is doing is simply for self-preservation. UPS is pushing this legislation to "harm" FedEx and saddle them with headaches with unions that UPS has. (Of course, the unions would prefer this as well.) The proposed law change would modify the current situation, where all employees together across the country would vote "up" or "down" on union participation, to a situation where employees in a region could vote to unionize. FedEx cannot have some regions of employees doing the same work, whether package handlers, material handlers, DG specialists, couriers, drivers or managers as union and other regions as not. This would be a recipe for chaos.
    As far as I'm aware, just a few regions have expressed an interest in unionizing, yet they would determine the union status for everyone in the company - including many who joined FedEx with the understanding that FedEx was non-union.

    And Niner, FedEx does indeed treat their employees fairly. In my region, it is the widespread sentiment that FedEx is better to work for than UPS. Wages are better, benefits are roughly the same, and we don't have to deal with unions.
    Jul 20, 2009. 09:35 AM | Likes Like |Link to Comment