The Markets

Hotel Chain Checks Out of 401(k) Match

Interstate Hotels and Resorts, an Arlington, Virginia hotel owner and manager, has suspended its 401(k) match and contribution to its non-qualified deferred compensation plan for 2009.

SEC Sues Reserve Over Breaking the Buck

Federal securities regulators on Tuesday charged the two top executives of the Reserve Management Co. money market fund with fraudulently keeping secret the true precarious financial situation of...

Cincinnati Bell Suspends Match

Cincinnati Bell, Inc., announced it will suspend company contributions to its 401(k) plan for salaried and non-represented employees for the remainder of the year.

NPR Makes Benefits Cuts

Facing a decline in corporate sponsorships, National Public Radio announced layoffs and benefits changes in an attempt to close a $15 million budget gap.