Bizwatch

Divine Investments
Ever since King Henry VIII demanded a divorce, much has divided the Church of England from its Roman Catholic cousin. But the two European churches have come together recently to count their blessings — in euros and cents. The Vatican announced last week that it was in the black for the first time in four years, netting a 2004 surplus of nearly €3.1 million. Meanwhile, assets managed by the Church of England's Church Commissioners have fattened to $7.6 billion as its investment portfolio — which helps pay for priest pensions — continues to outperform the market. In...

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