Financial Services Industry
Industry: Email Alert RSS FeedAt the Bell; FASB proposes transparency idea.(Late News)
Investment News, April, 2006
The Financial Accounting Standards Board on Friday proposed requiring employers to report overfunded or underfunded positions of defined benefit post-retirement plans - including pension plans - on their balance sheets. Employers would have to measure plan assets and obligations as of the date of their financial statements.
The FASB, which is based in Norwalk, Conn., said that the proposal would "increase the transparency and completeness of financial statements for shareholders,'' creditors, employees, retirees, donors and others. AIM introduces seven retail funds AIM Investments of Houston, a subsidiary of AMVESCAP PLC of London, announced Friday the launch of seven retail mutual funds. The funds are AIM China Fund, AIM Enhanced...
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