On Tuesday, Prudential Financial Inc (NYSE:PRU)’s shares inclined 2.48% to $80.46.
New research funded by Prudential Financial, Inc. (PRU) showed although inheritances do not have a noteworthy impact on the overall retirement picture, they may assist to improve retirement preparedness at the individual household level. According to the research, conducted by Boston College’s Center for Retirement Research (CRR), 52 percent of U.S. households are at risk of not having enough money to maintain their preretirement lifestyles.
“It’s pretty clear people need to be saving more, and regulations have got to make it easier for them,” said Mark Hug, executive vice president, product and marketing, Prudential Individual Insurance. “Traditional pension plans that provide monthly payments for a lifetime are largely a thing of the past, so people need access to other avenues that will provide guarantees of retirement security.”
According to the index, among all households that received one, the median inheritance was $50,000, and the percentage at risk improved from 45 percent to 40 percent. “We’re encouraged by this improvement, and urge more Americans to consider even a relatively modest life insurance death benefit, as it can have a meaningful impact on improving the retirement security of the next generation,” said Hug.
An inheritance can be made in many different forms, counting a house or financial assets. The death benefits from life insurance can function similarly to an inheritance, enhancing the retirement prospects of a household. Even if households receiving an inheritance are still at risk, the research indicates families are in a much improved position.
The report found when inheritances are comprised the overall NRRI dropped to 51.6 percent from 52.4 percent. This means that 51.6 percent of U.S. households are at risk of not having enough money in retirement even with inheritances factored in. The CRR says the reasons for this comprise the fact that only about 20 percent of households have received an inheritance; those that have, received a relatively small amount, and most households receiving an inheritance were not at risk.
Prudential Financial, Inc. provides insurance, investment administration, and other financial products and services to individual and institutional customers in the United States and internationally. The company principally offers life insurance, annuities, retirement-related services, mutual funds, and investment administration products. Its U.S. Retirement Solutions and Investment Administration division offers individual variable and fixed annuity products; recordkeeping, plan administration, actuarial advisory, tailored participant education and communication, trustee, and institutional and retail investments services; and guaranteed investment contracts, funding agreements, institutional and retail notes, structured settlement annuities, and other group annuities.
Aramark (NYSE:ARMK)’s shares gained 0.06% to $31.40.
Aramark (ARMK), the $15 billion global provider of award-winning services in food, facilities administration and uniforms, is meeting workplace hunger head on with an innovative new Micromarket concept called Vibe, which is designed to bring fresh and healthy foods to consumers who want to grab something quick and satisfying at any time of the day.
“Our Vibe concept is an example of how we innovate the everyday for our clients and customers,” said Brad Drummond, Aramark Chief Operating Officer. “Many of our more than 450 Vibe locations cater to clients that do not have traditional cafeterias, are spread out over large campuses or have shift-based work plans outside of the traditional 9-5 day.”
Different than a common vending environment, Aramark’s Vibe concept, takes a small space that is typically underused and transforms it into a Micromarket where consumers can get fresh salads, sandwiches, yogurt parfaits, fruits, vegetables and prepackaged meals. The markets also comprise a variety of beverages counting top brands like Starbucks, in addition to typical breakroom snack foods.
Vibe Micromarkets are self-sustaining and require no onsite employees to manage. Aramark customers use kiosks to scan and pay for their foods with either cash or credit-loaded cards, debit cards or credit cards. The markets are maintained by Aramark’s route-based service model, where drivers monitor consumer preferences and replenish them several times per week.
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients primarily in North America. The company offers managed services, counting dining, catering, food service administration, convenience-oriented retail operations, grounds and facilities maintenance, custodial, energy and construction administration, and capital project administration.
At the end of Tuesday’s trade, American Tower Corp (NYSE:AMT)‘s shares surged 0.81% to $89.55.
American Tower Corporation (AMT) declared that its Chairman, President and Chief Executive Officer, Jim Taiclet, is planned to speak at the Goldman Sachs 24th Annual Communacopia Conference in New York City on Thursday, September 17, 2015 at 11:20 a.m. ET. The live audio webcast link will be accessible on the Company’s website, www.americantower.com.
American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. The firm engages in leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries. American Tower Corporation was founded in 1995 and is headquartered in Boston, Massachusetts.
Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA), ended its Tuesday’s trading session with 0.12% gain, and closed at $8.03.
ARIAD Pharmaceuticals, Inc. (ARIA) stated financial results for the second quarter of 2015, counting revenue from sales of Iclusig® (ponatinib). The Company also offered an update on key corporate initiatives and clinical-trial plans.
2015 Second Quarter Financial Results
Revenues
- Net product revenues from sales of Iclusig were $27.8 million for the quarter ended June 30, 2015, an enhance of 134% vs. the second quarter of 2014 and 16% vs. the first quarter of 2015. These Iclusig product revenues are comprised of revenues of $21.6 million in the U.S. and $6.2 million in Europe. U.S. sales of Iclusig raised 16% from the first quarter to the second quarter of 2015, and European sales raised 19%.
- Shipments of Iclusig to patients in France were $2.5 million for the second quarter of 2015. Cumulative total shipments in France, taking into account the impact of foreign exchange, totaled $20.8 million through June 30, 2015. We will record revenue related to cumulative shipments in France upon completion of pricing and reimbursement negotiations in France, net of any amounts that will be refunded to the French health authorities as a result of such negotiations, which we anticipate will be accomplished in the fourth quarter of 2015.
ARIAD Pharmaceuticals, Inc., an oncology company, engages in the discovery, development, and commercialization of medicines for cancer patients. The company offers Iclusig (ponatinib), a tyrosine kinase inhibitor (TKI) for the treatment of adult patients with chronic myeloid leukemia (CML), and Philadelphia chromosome-positive acute lymphoblastic leukemia in the United States, Europe, and other territories.
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