Benifits of 401K

401k refers to the retirement savings plan in the US, which allows a employee to save for retirement and have the savings invested while deferring current income taxes on the saved money and earnings until withdrawal. Most medium to large businesses in the US provide their employee a 401k matching plan where they will match [...]

VT Succumbs to Babcock

VT Group, the defence services company in the UK, agreed to a £1.3 billion takeover deal from the competing compay—Babcock International. The Southampton-based business had previously resisted an improved bid of £1.2 billion from Babcock.
However, Mike Jeffries, chairman of VT, said that the offer was now fair and reasonable and recommended shareholders vote in favour [...]

Corus Pipes up over New Deal

Steel giant Corus has won a £200 million contract to supply pipes for a new gas field run by energy supplier Total. It will build more tha 520km of pipeline at its Hartlepool site, safeguarding more than 250 jobs and creating about 100 more positions. The two companies signed on the dotted line at [...]

Coventry Teams up with Rival Society

Coventry Building Society will merge with smaller rival Stroud & Swidon, in the latest in a series of tie-ups in the sector. The deal will create a combined group with about 1.5 million members and assets of about £21.1 billion.
The business will have a network of 91 branches and agencies across the midlands and south-west. [...]

Share Huge bonus as John Lewis profits £306m

The staff John Lewis will be a £ 151m bonus after trading company shares, the annual profit before tax up by 9.7% to £ 306.6m.
The owner of the supermarket chain Waitrose, said the bonus of approximately eight weeks pay for each employee.
John Lewis chairman Charlie Mayfield said the company was born out of the recession [...]