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Council to city's lawyers: Go after unauthorized pension for Police and Fire Pension Fund chief

2015-09-22 01:30:48| IT Services - Topix.net

By an 18-to-1 vote, Jacksonville City Council on Monday voted to take legal action and have a judge decide who's right and who is wrong in the longstanding showdown over a specially created pension, created in part by and for John Keane, the executive director of the Jacksonville Police and Fire Pension Fund. The fund was created in 2000 and for 12 years no known officials in City Hall had any idea that the pension fund's board of directors had signed off on the special pension deal that is much more lucrative than the city's general employee plan, the current retirement plan for police officers and firefighters and the state's retirement plan.

Tags: fire chief council police

 

The Acquisition of Atmel Shows Why It's Important to Follow Hedge Fund Sentiment

2015-09-21 19:10:36| Semiconductors - Topix.net

Atmel Corporation 's stock quickly ranked as one of the top gainers in Monday trading session after the announcement that it will be acquired by the London-based Dialog Semiconductors. The stock of the developer of microcontrollers gained around 16% in the first hours of trading on the back of the $4.6 billion cash-and-stock deal.

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The fund returned 8.9% year-to-date

2015-09-21 06:11:15| Chemicals - Topix.net

It was a terrific first-half result for the Growth-at-a-Reasonable-Price approach we use in Royce Smaller-Companies Growth Fund . T he Fund increased 8.9% for the year-to-date period ended June 30, 2015, ahead of its small-cap benchmark, the Russell 2000 Index, which rose 4.8% for the same period.

Tags: returned fund yeartodate

 

Federal fund will pay $30M per year for Kentucky broadband

2015-09-18 11:23:17| Telecom - Topix.net

A fund created by the Federal Communications Commission will pay AT&T $30 million a year for the next six years to make high-speed Internet available to more than 84,000 rural Kentucky homes and businesses. The Connect America Fund was created in 2011 to expand broadband to rural areas where expansion isn't supported economically.

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Select Fund portfolio managers will answer investing questions from readers

2015-09-18 01:06:19| Appliances - Topix.net

We're pleased to announce that Rick Snowdon and Austin Hawley of Diamond Hill Capital Management will join GuruFocus for a Q&A in a few weeks. Have questions about their investing philosophies or top holdings? Simply post them in the comments box below.

Tags: select questions answer fund

 

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