Tag: Plans

 Today, the U.S. Department of Labor released the final version of its “Retirement Security Rule.” After initial review of the fiduciary rulemaking package as detailed in the Fact Sheet, it appears that the Department failed to make any substantive or meaningful improvements to the proposed rule despite significant, specific and data-supported feedback from industry stakeholders. As a result, financial services professionals face a new regulatory regime that imposes a blanket fiduciary threshold for recommending an annuity in a rollover transaction. Moreover, the DOL has largely left intact a constrained and practically unworkable PTE 84-24, a prohibited transaction exemption that has ... Read more

Bill Stoll, BH Properties LOS ANGELES – July 5, 2023 – PRLog — BH Properties (“BH”) has launched a new investment initiative into affordable housing  with a  goal of ultimately building a $1 billion portfolio of assets.  The new initiative will be led by veteran affordable housing executive William “Bill” Stoll who joins the firm as Managing Director, announced company President Jim Brooks. An adjunct to the firm’s value-add multifamily platform, the new platform will focus on low-income housing tax credit (LIHTC), Section 8 and age-restricted housing throughout the United States.  For the Los Angeles-based real estate investment firm, which ... Read more

NEC Corporation (NEC; TSE: 6701) today announced that a decision to transition its structure from a Company with the Audit and Supervisory Board to a Company with a Nominating Committee, etc. was made at the meeting of the Board of Directors held on January 30, 2023. This decision is subject to approval at the Ordinary General Meeting of Shareholders scheduled to be convened in June 2023. The Board of Directors also decided to begin implementing organizational reforms prior to this transition, effective April 1, 2023, with the aim of establishing a business structure based on the strategic pillars of the ... Read more

 The Moving Picture, Audio and Data Coding by Artificial Intelligence (MPAI) standards developing organisation has concluded its 17th General Assembly. Among the outcomes are: progress towards the establishment of a patent pool for its published standards and a roadmap to establish the MPAI Store Foundation. The MPAI Statutes define a standard development process whereby holders of standard essential patents (SEP) select their preferred patent pool administrator. The General Assembly was informed that SEP holders in approved MPAI standards are currently engaged in this activity. The Governance of the MPAI Ecosystem (MPAI-GME) standard envisions an “MPAI Store” tasked with receiving submissions ... Read more

Over about the next two weeks, NASA will provide broadcast coverage, a media briefing, and other updates on major deployment milestones for the James Webb Space Telescope, the world’s largest and most powerful space science telescope. Broadcasts of milestone events will air live on NASA TV, the NASA app, and the agency’s website. Webb, an international partnership with the ESA (European Space Agency) and the Canadian Space Agency, launched Dec. 25 from Europe’s Spaceport in Kourou, French Guiana. The observatory had been folded up, origami style, to fit inside an Arianespace Ariane 5 rocket ... Read more