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BUSINESS BRIEFS.(TO THE POINT)
RETIREMENT
Investors will boost IRA funding
Americans will stow up to $39 bil in IRAs in the '02 tax year, up 24%, Fidelity said. New tax laws raised annual IRA contribution limits by $1,000 to $3,000, and more for people over 50. More than 70% of U.S. investors will increase deposits into IRAs and 401(k) retirement plans.
BUSINESS PRACTICES
Buffett says disclosure CEO's duty
Billionaire investor Warren Buffett said CEOs are ultimately responsible for insuring the integrity of their firms' financial reports. "I would suggest that the CEO regard himself as the chief disclosure officer of the company," he said at an SEC meeting. The SEC is proposing faster, fuller disclosure in the wake of the Enron debacle.
FINANCE
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