Tag: Retirement

Carpenter Technology Announces Retirement Plan Changes

Will freeze General Retirement Plan effective December 31, 2016 Aligns retirement benefit plans for most employees WYOMISSING, Pa., Sept. 14, 2016 (GLOBE NEWSWIRE) — Carpenter Technology Corporation (NYSE:CRS) (the “Company”) today announced changes to retirement plans it offers to certain employees. The Company will freeze benefits accrued to eligible participants of the General Retirement Plan (“GRP”) effective December 31, 2016. The GRP is a defined benefit pension plan that currently includes approximately 1,900 domestic current salaried and hourly employees. The affected employees will be transitioned to the Company’s 401(k) plan that has been in effect for eligible employees since 2012,

Guggenheim Investments Expands its Increasingly Popular BulletShares® Defined-Maturity ETF Product Suite

NEW YORK, Sept. 14, 2016 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today announced the launch of BulletShares 2026 Corporate Bond ETF (NYSE:BSCQ) and Guggenheim BulletShares 2024 High Yield Corporate Bond ETF (NYSE:BSJO) to help advisors and investors build bond laddering strategies consisting of investment-grade and high-yield ETFs with varying terms to maturity. Launched in 2010, the Guggenheim BulletShares lineup consists of 20 unique defined-maturity corporate bond and high yield corporate bond ETFs with more than $7 billion in assets under management. Unlike other fixed-income ETFs, BulletShares are designed to mature

LPL Financial Reports Monthly Activity for August 2016

SAN DIEGO, Sept. 13, 2016 (GLOBE NEWSWIRE) — Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), today released its monthly activity report for August 2016. Total brokerage and advisory assets served at the end of August were approximately $502 billion, a 0.4 percent increase compared to the end of July 2016.  Total client cash sweep balances at the end of August were $29.1 billion, a 0.7 percent increase compared to July 2016.                     (End of Period $ in

DALBAR Canada Study Finds Becoming A New Robo-Advisor Client Has Its Challenges 

TORONTO, Sept. 13, 2016 (GLOBE NEWSWIRE) — DALBAR released results for its much anticipated Robo-advisor Onboarding Experience study. Opening a new account is a critical first point of contact between a service provider and a client. DALBAR set out to investigate the onboarding process between a robo-advisor and its new clients. The study reveals some robo-advisors are clearly falling short of peer performance as well as of Canadian investors’ expectations for service in the wealth management space.  Key service gaps include:       Funding the account was the biggest challenge facing Canadian robo-advisors. Several firms encountered serious technical and logistical challenges using

GWG Announces DTC Eligibility for L Bond Offering

MINNEAPOLIS, Sept. 13, 2016 (GLOBE NEWSWIRE) — GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company in the life insurance secondary market, today announced it has closed the sale of its three- and five-year publicly registered L Bonds through the Depository Trust Company (DTC). DTC manages electronic clearing and settlement for corporate and municipal securities. “The ability to close L Bonds through DTC accomplishes a strategic goal of GWG and marks another milestone for the company as we celebrate our 10-year anniversary,” said GWG Chief Executive Officer Jon Sabes. “GWG’s L Bond offering is our primary financing tool in our portfolio

WestRock to Transfer $2.5 Billion in U.S. Pension Obligations to Prudential

NORCROSS, Ga., Sept. 08, 2016 (GLOBE NEWSWIRE) — WestRock Company (NYSE:WRK) today announced it will settle $2.5 billion in pension obligations of the WestRock Company Consolidated Pension Plan (“Plan”).  This transaction, which is expected to close in late September and is subject to closing conditions, will occur through the purchase of a group annuity contract using Plan assets that will transfer payment responsibility for retirement benefits owed to approximately 35,000 U.S. retirees and their beneficiaries to The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE:PRU). This settlement will reduce WestRock’s overall U.S. pension obligations by approximately

UPDATE — WestRock Announces Consumer and Corrugated Leadership

NORCROSS, Ga., Sept. 08, 2016 (GLOBE NEWSWIRE) — WestRock Company (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, today announced that Bob Feeser has been named president of Consumer Packaging and Jeff Chalovich has been named president of Corrugated Packaging.  Jim Porter, who currently serves as president of Paper Solutions, will transition to a new role as president of Business Development and Latin America, and Craig Gunckel has been named president, Enterprise Solutions. Feeser has served as executive vice president of Consumer Paper and Global Solutions for WestRock, and prior to the merger of RockTenn Company and MeadWestvaco Corporation

WestRock Announces Consumer and Corrugated Leadership

NORCROSS, Ga., Sept. 08, 2016 (GLOBE NEWSWIRE) — WestRock Company (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, today announced that Bob Feeser has been named president of Consumer Packaging and Jeff Chalovich has been named president of Corrugated Packaging.  Jim Porter, who currently serves as president of Paper Solutions, will transition to a new role as president of Business Development and Latin America, and Craig Gunckel has been named president, Enterprise Solutions. Feeser has served as executive vice president of Consumer Paper and Global Solutions for WestRock, and prior to the merger of RockTenn Company and MeadWestvaco Corporation

Evolution Petroleum Announces Results for Fiscal Year 2016

HOUSTON, Texas, Sept. 07, 2016 (GLOBE NEWSWIRE) — Evolution Petroleum Corporation (NYSE:EPM) today reported financial and operating highlights for its fiscal year and fourth quarter ended June 30, 2016, with comparisons to the fiscal third quarter ended March 31, 2016 (the “prior quarter”) and the quarter ended June 30, 2015 (the “year-ago quarter”), as well as the prior fiscal year ended June 30, 2015. Highlights: Generated $24.0 million in net income for the year, or $0.73 per common share, with the proceeds of the litigation settlement on top of another profitable year. Improved our balance sheet strength further, finishing the

Tactile Systems Technology, Inc. Reports Second Quarter 2016 Financial Results and Introduces Fiscal Year 2016 Outlook; Q2 Revenue Increased 34% Year-over-Year

MINNEAPOLIS, Sept. 07, 2016 (GLOBE NEWSWIRE) — Tactile Systems Technology, Inc. (“Tactile Medical”) (Nasdaq:TCMD), a medical technology company that develops and provides innovative medical devices for the treatment of chronic diseases at home, today reported financial results for the second quarter ended June 30, 2016.   Second Quarter 2016 Highlights: Total revenue of $19.7 million, up 34% year-over-year, compared to revenue of $14.8 million in the second quarter of 2015. Flexitouch® revenue increased 34% year-over-year to $16.9 million, from $12.6 million. Revenue for other products, consisting of revenue from sales of the Company’s ACTitouch® and Entré™ Systems, increased 31% year-over-year,

Dave & Buster’s Entertainment, Inc. Announces Second Quarter 2016 Financial Results

Achieves Net Income of $21.5 million and EPS of $0.50Affirms Total Revenues, Net Income, and Adjusted EBITDA Guidance for Fiscal 2016 DALLAS, Sept. 06, 2016 (GLOBE NEWSWIRE) —  Dave & Buster’s Entertainment, Inc., (NASDAQ:PLAY), (“Dave & Buster’s” or “the “Company”), an owner and operator of entertainment and dining venues, today announced financial results for its second quarter 2016, which ended on July 31, 2016.  The Company also affirmed its fiscal 2016 total revenues, net income, and adjusted EBITDA guidance. Key highlights from the second quarter 2016 compared to the second quarter 2015 include: Total revenues increased 12.4% to $244.3 million

Top pension fund assets fall for the first time since the global financial crisis

ARLINGTON, Va., Sept. 06, 2016 (GLOBE NEWSWIRE) — Total assets of the world’s largest 300 pension funds fell by over 3% in 2015 (compared to growth of over 3% in 2014) to a sum of $14.8 trillion, according to research conducted by Pensions & Investments (P&I), a leading U.S. investment newspaper, and Willis Towers Watson (NASDAQ:WLTW), a leading global advisory, broking and solutions company. Despite this first drop in assets since the beginning of the global financial crisis, cumulative asset growth since then is almost 19%. The P&I/Willis Towers Watson global 300 research shows that by individual region, North America

General Finance Corporation Reports Fourth Quarter And Full Year Results For Fiscal Year 2016

PASADENA, Calif., Sept. 06, 2016 (GLOBE NEWSWIRE) — General Finance Corporation (NASDAQ:GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions in North America and in the Asia-Pacific region of Australia and New Zealand (the “Company”), today announced its consolidated financial results for the fourth quarter and full year ended June 30, 2016. Fourth Quarter 2016 Highlights  Total revenues were $72.3 million, compared to $65.3 million for the fourth quarter of fiscal year 2015. Leasing revenues comprised 57% of total non-manufacturing revenues versus 64% for the fourth quarter of fiscal year 2015.  Leasing revenues

Broadcom Limited Announces Third Quarter Fiscal Year 2016 Financial Results and Interim Dividend

Quarterly GAAP diluted loss per share of $0.75; Quarterly non-GAAP diluted earnings per share from continuing operations of $2.89 Quarterly GAAP gross margin of 47.0 percent; Quarterly non-GAAP gross margin from continuing operations of 60.4 percent Quarterly interim dividend of 51 cents per share SAN JOSE, Calif., and SINGAPORE, Sept. 01, 2016 (GLOBE NEWSWIRE) — Broadcom Limited (Nasdaq:AVGO), a leading semiconductor device supplier to the wired, wireless, enterprise storage, and industrial end markets, today reported financial results for the third quarter of its fiscal year 2016, ended July 31, 2016, and provided guidance for the fourth quarter of its fiscal

Collectors Universe Reports Financial Results for Fiscal 2016

NEWPORT BEACH, Calif., Aug. 30, 2016 (GLOBE NEWSWIRE) — Collectors Universe, Inc. (NASDAQ:CLCT), a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles, today announced financial  results for its fourth quarter and fiscal year 2016. Operational and Financial Highlights: Service revenues in the fourth quarter increased by 7% to $16.4 million, from $15.2 million in last year’s fourth quarter, and comprised increases of 15% for cards and autographs and 5% for coins.   The 15% increase in cards and autographs services revenues to $4.3 million, represented record quarterly revenues for that business. The 5% increase

GWG Marks Life Insurance Awareness Month

MINNEAPOLIS, Aug. 25, 2016 (GLOBE NEWSWIRE) — GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company in the life insurance secondary market, is commemorating Life Insurance Awareness Month this September. The Company will participate in a series of events and activities to promote awareness about the life insurance secondary market to consumers as well as their insurance and financial advisors. The life insurance secondary market continues to grow and public awareness is also on the rise. The expansion of the market means more seniors are finding out about their right as policyholders to obtain a market value for the life insurance

Boomers, surprisingly, value importance of technology to manage retirement savings on par with millennials

ARLINGTON, Va., Aug. 25, 2016 (GLOBE NEWSWIRE) — When it comes to managing their finances and health, millennials place a much higher value on the use of technology compared with baby boomers. Surprisingly, those generations place an equal value on the importance of apps and tools to manage retirement savings, according to research by Willis Towers Watson (NASDAQ:WLTW), a leading global advisory, broking and solutions company. The Global Benefits Attitudes Survey of nearly 5,100 U.S. employees found that two-thirds of millennials and baby boomers (66%) agree that mobile apps and tools are either important or very important to manage and

American Airlines Celebrates 10,000 Years of Experience, Honors Employees With 45+ Years of Service

FORT WORTH, Texas, Aug. 24, 2016 (GLOBE NEWSWIRE) — Last night, at a black tie dinner in Dallas, American Airlines honored more than 200 employees celebrating at least 45 years of service and 35 or more years for pilots due to the mandatory retirement age. These special employees’ tenure with the airline combine to total nearly 10,000 years of experience. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/eae603a2-9689-4243-b2d2-87e9588df53d “We feel great about American’s future because of the work that you have done over the years,” said American’s CEO Doug Parker, during remarks at the evening event. “We will continue

NDIA's Expeditionary Warfare Division to Present General James L. Jones, USMC (Ret) with the Smith-Turner Expeditionary Operations Award

ARLINGTON, VA., Aug. 23, 2016 (GLOBE NEWSWIRE) — NDIA’s Expeditionary Warfare Division is pleased to announce that it will present its first award to General James L. Jones, USMC (Ret), who has made distinctive lifetime contributions with significant impact in Expeditionary Warfare. The Expeditionary Warfare Division will present the Smith-Turner Expeditionary Operations Award at its awards dinner on October 12, 2016 during the 21st Annual Expeditionary Warfare Conference, held from October 11-13, 2016 at the Renaissance Portsmouth-Norfolk Waterfront Hotel in Portsmouth, VA. “General Jones has been selected for the inaugural Smith-Turner Expeditionary Operations Award in recognition of his crucial leadership,

NDIA President and CEO General Craig McKinley, USAF (Ret.) Announces Retirement

ARLINGTON, Va., Aug. 22, 2016 (GLOBE NEWSWIRE) — Today, National Defense Industrial Association (NDIA) President and CEO General Craig McKinley, USAF (Ret.), announced he will retire at the end of the year, concluding a two-year term as the leader of the nation’s largest and longest-standing defense industry association. McKinley served 38 years in the Air Force. His last assignment was as the Chief, National Guard Bureau, where he also served as a member of the Joint Chiefs of Staff. He left military service as a four-star general and continued to serve in the defense community, as President of the Air