CWB retirees keep indexed pensions

No matter what happens to revamped Canadian Wheat Board, its retired employees will still receive indexed pensions. The federal government gave $348 million last year to cover CWB’s “legacy liabilities,” including pensions and pensioners’ benefits. Some of those funds were used to purchase a $150-million indexed group annuity buy-in from Sun Life Financial, the CWB

Glencore founder dies in Switzerland

Billionaire Marc Rich, who invented oil trading and was pardoned by President Bill Clinton over tax evasion, racketeering and busting sanctions with Iran, died June 26 in Switzerland aged 78. Rich fled the Holocaust with his parents for America to become the most successful and controversial trader of his time and a fugitive from U.S.



LIVESTOCK-U.S. live cattle futures slump in fund selloff

* Wholesale beef price setback weighs * CME hogs up on cash, Smithfield news By Theopolis Waters CHICAGO, May 30 (Reuters) - Chicago Mercantile Exchange live cattle slumped on Thursday as futures fell below technical support triggering fund liquidation, traders and analysts said. CME live cattle June dropped beneath the respective 40-day and 20-day moving