The Professional Association of Georgia Educators says it has concerns about losses at JPMorgan Chase and how they might affect a retirement plan for teachers.
The Atlanta Journal-Constitution reports (http://bit.ly/JlmmFX) that JPMorgan Chase's shares represent a $251 million portion of the Teachers Retirement System of Georgia's holdings.
Those JPMorgan Chase shares were worth $291 million at the end of June, but the bank's stock began to slide when it disclosed that it lost $2 billion in a complicated trading bet.
PAGE spokesman Tim Callahan says he doesn't think retirement funds belong in investments that brokers can't understand, and that more caution is needed.
But TRS Executive Director Jeffery Ezell said the system's view of the bank hasn't changed, and it has no plans to dump its 7 million shares of its stock.
Friday, May 24 2013 4:02 AM EDT2013-05-24 08:02:00 GMT
A North Carolina dairy company is voluntarily recalling some ice cream that doesn't identify possible allergens because the product is packed in the wrong containers.
A North Carolina dairy company is voluntarily recalling some ice cream that doesn't identify possible allergens because the product is packed in the wrong containers.
Thursday, May 23 2013 7:31 AM EDT2013-05-23 11:31:33 GMT
You've probably been to a yard sale or two in your life, and you might have found some great deals. But would you know how to get the most out of your own yard sale?
You've probably been to a yard sale or two in your life, and you might have found some great deals. But would you know how to get the most out of your own yard sale? Good Day's Tacoma Perry talked to an expert who shared some great tips for how to make your yard sale a huge hit.
Wednesday, May 22 2013 12:39 PM EDT2013-05-22 16:39:03 GMT
Gov. Nathan Deal says a company based in Dubai plans to build a manufacturing plant in Murray County with the goal of creating 200 jobs over the next three years.
Gov. Nathan Deal says a company based in Dubai plans to build a manufacturing plant in Murray County with the goal of creating 200 jobs over the next three years.
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr...
