Connecticut pension fund looking to dump gun exposure

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State Treas. Denise Nappier says she’s reviewing Connecticut’s pension fund exposure to gunmakers and companies that distribute weapons and related products. She said the state only invests directly in one defense and weapons maker, Alliant Tech Systems, which delivers ammunition to law enforcement and the military. Several teacher retirement and public service sector retirement funds […] [Read More]
Categories: Wall Street

Amgen takes a $762 million dose of medicine for illegal conduct

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New York Attorney General Eric T. Schneiderman said Wednesday, pharmaceutical maker Amgen has agreed to a $612 million national settlement of allegations it illegally marketed some drugs for use to treat kidney disease and cancer for a decade. The company also pleaded guilty to a misdemeanor in federal court that will require ti to pay […] [Read More]
Categories: Fraud, General

Spread between jumbo and conforming mortgages shrinks

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The Mortgage Bankers Association reported Wednesday that the spread between jumbo mortgages, for balances in excess of $417,500 and those of conforming loans, with lower balances, shrunk last week as mortgage activity declined. The spread between jumbo rates and conforming loans is now 0.23 percent. The previous week, it was 0.30 percent. The average contract […] [Read More]