homeWelcome, sign in or click here to subscribe.login
     


 

 

Business



Subscriber content preview

October 23, 2002

Pension crunch hurts corporate profits

  • The plunging stock market has sent companies' pension funds tumbling, and now they will have to contribute big money to cover their costs.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK -- Even if the economy manages to bounce back, don't expect corporate profits to soar. Not if underfunded pensions keep crimping the bottom line.

    When Wall Street was going up and up, companies shifted more of their pension funds into stocks and watched their assets grow.


     
    . . .


    To read this story in full login or purchase a subscription.



    Previous columns:


    
    Email or user name:
    Password:
     
    Forgot password? Click here.