Sony says Hirai to become president, CEO in April
TOKYO - Sony Corp said on Wednesday that Vice President Kazuo Hirai will take over the roles of CEO and president on April 1 from Howard Stringer, who will retain the chairman's post as the company struggles to regain its standing in the consumer electronics sector in which it was once a driving force.
Don’t outlive your savings: How annuities can help
Given advances in medicine, I'm worried my wife and I might outlive our retirement savings. I've started reading about annuities, but I'm confused about the difference between immediate annuities and another type I've heard referred to as a deferred income annuities. Can you explain the difference? -- Daniel R.
Managing the family finances: ‘Spying was easier’
We spoke to five families who face challenges that could keep them from meeting their financial goals. With a few tweaks to their game plan, they can get back on course. Here, the DiSilverios' story -- and the recommended financial fixes.
Exxon to sell part of Tonen stake for about $3.9 bln: sources
TOKYO - Exxon Mobil plans to sell a large part of its 50 percent stake in TonenGeneral Sekiyu KK back to its Japanese refining partner in a deal that could be worth about 300 billion yen ($3.9 billion), and will make an announcement as early as Monday, four sources with direct knowledge of the matter said.
Retirement saving: Don’t shortchange the later years
Many people think they can plan on spending less later in retirement since they'll become less active as they age. But if their health declines, they may actually shift spending rather than reduce it. Do you think it's risky to plan as if one's expenses will go down later in retirement? --Tim, U.K.
Reuters Magazine: Felix Salmon: The devil in the CDS
- The world of international finance is largely incomprehensible, even to its practitioners. Consequently, a whole industry, of which I am personally part, has sprung up to "explain finance" to the public. This makes the public think that understanding finance is something that is possible.
Recovering from a too risky portfolio
We spoke to five families who face challenges that could keep them from meeting their financial goals. With a few tweaks to their game plan, they can get back on course. Here, the Mitchells' story -- and the recommended financial fixes.
Charges weigh on Procter & Gamble profit
- Procter & Gamble Co's quarterly profit plunged 49 percent, as the world's largest household products maker wrote down the value of its appliance and salon professional products businesses, and it said this year's profit would come in lower than previously expected due to the strong dollar.
Samsung posts record results powered by smartphones
SEOUL - Samsung Electronics Co, the world's top technology firm by revenue, reported a record quarterly profit on Friday, aided by its best-ever sales of smartphones, and hiked 2012 capital investment 9 percent to 25 trillion won ($22 billion) to boost chips and flat-screen production.
Insight: How Allen Stanford kept the SEC at bay
- In 2009, federal investigators finally arrested Houston financier R. Allen Stanford. For twenty years, Stanford allegedly had run a $7 billion Ponzi scheme from his offshore bank on the Caribbean island of Antigua. U.S. authorities had been nosing around Stanford's empire for longer than a decade but hesitated to open a full-blown probe.
