Living with bad forecasts on rates

Article Abstract:

The consensus forecast called for the 10 year Treasury yield to move up to 4.8 percentage by mid year and 5.2 percentage by end of 2003, but it has been headed in reverse. Diane Vazza, a managing director at Standard & Poor's Corp., notes that the heavy corporate debt issuance in 2002 and 2003 primarily reflected companies refinancing high coupon debt or bank loans.

Author: Kelly, Susan
Forecasts, trends, outlooks, Venture Analysis, Forecasts and trends, Surveys, Market trend/market analysis, Business enterprises, Debt financing (Corporations), Corporate debt

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Expensive but threadbare: companies are seeking more cover in fiduciary liability

Article Abstract:

As the companies have been battered by a barrage of class action suits, it is going to get increasingly harder and more expensive for the risk managers to obtain fiduciary liability coverage. The new demand among corporations for additional fiduciary liability protection is being met with high premiums, as well as resistance from carriers.

Author: Kelly, Susan
Methods, Usage, Insurance, Liability (Law), Legal liability, Fiduciaries

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Falling through the ice on DB

Article Abstract:

The issue surrounding termination of defined benefit plan, by companies such as Verizon Communications Inc. following financial implications of the plan, is discussed.

Author: Kelly, Susan
Editorial, Finance, Defined benefit plans, Company financing, Fortune 500 companies

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Subjects list: United States, Management, Risk management, Company business management
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