Retirement account balances hit a record high last year. Here’s how much the average 401(k) investor has saved at every age

Reuters

LATAM Airlines shareholders approve reorganization plan

Shareholders of LATAM Airlines, Latin America’s largest air transport group, approved Tuesday a bankruptcy reorganization plan, following last month’s approval by the U.S. bankruptcy court for the southern district of New York. The plan will inject about $8 billion through a combination of capital increase, issue of convertible bonds, and new debt. “Beyond being a requirement to exit Chapter 11, the plan is our strategy to ensure LATAM’s operational continuity and long-term sustainability,” said the company’s CEO, Roberto Alvo, during the meeting.