|
Trending Topics
|
Source: http://www.nytimes.com/2008/01/05/nyregion/05invest.html
For New Jersey Pension Fund, No Iran-Linked Investments
[AP/New York Times] New Jersey on Friday became one of the few states to prohibit state pension money from being invested in companies that do business in Iran. Most American companies are already banned from doing business in the country, but Gov. Jon S. Corzine signed a measure restricting the state from buying stock in international companies that do business with Iran. Florida and California have similar laws. The New Jersey measure resembles a 2005 bill that prohibited investing state pension funds in companies doing business in Sudan. New Jersey recently divested $2.16 billion from 17 companies doing business in Sudan.