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Market Chatter-Corporate finance press digest
May 23 - The following corporate finance-related stories were reported by media on Thursday:
PRESS DIGEST - Wall Street Journal - May 23
May 23 - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
PRESS DIGEST-New York Times business news - May 23
May 23 - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
CNH Tracker-Pilot quota system for moving yuan offshore gathers traction
By Saikat Chatterjee HONG KONG, May 23 - A pilot quota system that allows companies operating in China to freely transfer some of their yuan profits offshore has gathered some traction in recent months and bankers expect more firms to seek approvals to participate. So far only a handful of multinationals - including General Electric, Ford Motor Co, Danone, Schneider Electric and Moog Inc - have been granted quotas, operated through authorised transaction banks. The relaxati
Market Chatter-Corporate finance press digest
May 23 - The following corporate finance-related stories were reported by media on Thursday:
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Column: Why pension funds are eating your 401(k)'s lunch
WASHINGTON - Pension funds - those old guaranteed-benefit retirement plans your grandma might have told you about - outperform those in 401(k) plans year after year, according to new research from consulting company Towers Watson.
Average U.S. 401(k) balance tops $80,000, up 75 pct since 2009
BOSTON, May 23 - The average 401(k) retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75 percent since the stock market's nadir in March 2009, Fidelity Investments said on Thursday based on a survey of its accounts.
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