 |
|
|
|
| Market Mirror | |
Friday, the Dow lost 251.90 points (1.45%) to finish at 17,164.95, the NASDAQ was down 48.17 points (1.03%) at 4,635.24, and the S&P 500 closed 26.26 points (1.30%) lower at 1,994.99. The Russell 2000 fell 24.79 points (2.08%) to 1,165.39, and the Wilshire 5000 decreased 269.15 points (1.26%) to 21,060.44. On the NYSE, 3.2 billion shares traded, with declining issues outnumbering advancing issues more than 2 to 1. On the NASDAQ, 2.8 billion shares changed hands, with a 3 to 1 lead for decliners. The yield of the 10-year U.S. Treasury note was 1.644%, and the yield of the 30-year Treasury bond was 2.226%. WEEK’S WORTH: For the week ending January 30, the Dow fell 2.87%, the NASDAQ finished 2.58% lower, and the S&P 500 lost 2.77%. The Russell 2000 was down 1.98%, and the Wilshire 5000 decreased 2.44%. | |
| Compliance | |
| Annual DB Funding Notice Final Regs Issued | |
| The Department of Labor’s Employee Benefits Security Administration (EBSA) is set to publish in the Federal Register a final rule to increase pension plan transparency by ensuring that workers receive annual notification of the funded status of their defined benefit pension plans. The final regulation is “substantially similar to the proposed regulation,” EBSA says, but some changes were made to simplify the disclosure and reduce cost burdens on plans, including the adoption of narrow exemptions and alternative methods of compliance. The final regulation also reflects changes made to section 101(f) by the Multiemployer Pension Reform Act of 2014.Read more > | |
| Clarification Needed for Workplace Wellness Programs | |
| Wellness programs are good for employers and employees, but a current conflict between regulations needs to be cleared up, witnesses giving testimony to a U.S. Senate committee contended. Noting that the Equal Employment Opportunity Commission (EEOC) has already filed several lawsuits, Eric S. Dreiband, a partner at Jones Day in Washington, D.C., told members of the Health, Education, Labor and Pensions (HELP) Committee: “Employers that design and implement wellness plans that comply with the ACA may be unpleasantly surprised to find that the EEOC asserts that such plans may violate the ADA.”Read more > | |
| Small Talk | |
| ON THIS DATE: In 1848, the Mexican War was ended with the signing of the Treaty of Guadalupe Hidalgo. The treaty turned over portions of land to the U.S., including Texas, New Mexico, Nevada, Utah, Arizona, California and parts of Colorado and Wyoming. The U.S. gave Mexico $15,000,000 and assumed responsibility of all claims against Mexico by American citizens. Texas had already entered the U.S. on December 29, 1845. In 1876, the National League of Professional Baseball Clubs, which came to be more commonly known as the National League (NL), was formed. In 1887, Groundhog Day was celebrated for the first time at Gobbler’s Knob in Punxsutawney, Pennsylvania. In 1892, William Painter patented the bottle cap. In 1950, “What’s My Line” debuted on CBS television. In 1996, the dancer, actor and choreographer Gene Kelly died at the age of 83, at his home in Beverly Hills, California. In 2014, actor Philip Seymour Hoffman died at age 46 in New York City. | |
| SURVEY SAYS: Best ‘Best Picture’ Nominee | |
| Last week I asked NewsDash readers, “Which nominees for ‘Best Picture’ have you seen, and which do you think should win?” More than one-third (35.6%) of responding readers have not seen any of the movies nominated for Best Picture this year. However, one-third (34.2%) have seen “The Grand Budapest Hotel, and 28.8% have seen “American Sniper.” Asked which Best Picture nominee should win the Academy Award, “American Sniper” was the number one pick, with 48.4% of votes. I also asked NewsDash readers to share a movie they think should have been nominated for the “Best Picture” Academy Award. The respondents who left general comments were not very excited about the Academy Awards or its process. Several commenters said they rarely see movies. Editor’s Choice goes to the reader who said: “If Michael Moore complains, then it must be my kind of film!” Thanks to everyone who participated in the survey!Read more > | |
| Share the good news with a friend! Pass the Dash along – and tell your friends/associates they can sign up for their own copy.Read more > | |
News from PLANSPONSOR.com
Copyright © Asset International, Inc., 2015.
All
rights reserved. No reproduction without
prior authorization.
|
|
|
|
Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
Advertising: advertise@strategic-i.com
Subscribe to NEWSDash, click here .
To unsubscribe, click here.
|
BrightScope /
CIO /
FWW /
Investor Economics /
LiquidMetrix /
Market Metrics /
Matrix Solutions /
PLANADVISER /
Plan For Life /
PLANSPONSOR /
Simfund |