Infinity Pharmaceuticals Announces Three Key Strategic Hires

CAMBRIDGE, Mass., Sept. 21 /PRNewswire-FirstCall/ -- Infinity Pharmaceuticals, Inc. (Nasdaq: INFI - News), an innovative cancer drug discovery and development company, announced today the appointments of Gerald Quirk, J.D. as Vice President and General Counsel; Steven Kafka, Ph.D. as Vice President, Strategic Product Planning and Finance; and John Evans as Manager, Investor Relations and Business Development. These key strategic hires are designed to support priority areas for Infinity in its new status as a public company following the completion of its reverse merger with Discovery Partners International, Inc. last week.

Gerald Quirk, J.D., has joined Infinity as Vice President and General Counsel, bringing with him 12 years' experience representing biotechnology companies in connection with securities offerings and SEC compliance activities, mergers and acquisitions, licensing and collaboration agreements, and product commercialization initiatives.

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BUSINESS CALENDAR

The Corporate University of Millersville University of Pennsylvania and Vistage International will sponsor an executive leadership forum from 5:30 to 8 p.m. in Bolger Conference Center at Millersville University in Lancaster County. The presenter will be Ole Carlson, an author, corporate trainer and strategic planning consultant. The cost is $50. Information is available by calling 871-5957.

Harrisburg Regional Chamber will hold a mid-day lunch break from 11:30 a.m. to 1 p.m. at Mid Penn Bank, 17-21 N. Second St., Harrisburg. Call 232-4099 to register.

WEDNESDAY

Carlisle Area Chamber of Commerce will hold its Carlisle Events Expo Center at 100 K St. in Carlisle from 3 to 7 p.m. The showcase features job or internship opportunities from many of the nearly 90 exhibitors.

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College financial planning workshop Sept. 19 Learn long-range and crisis financial strategies for funding a student's college tuition, including financial aid sources and how to apply for financial aid, at a college financial planning seminar from 7 to 8:30 p.m. Sept. 19 at the Aurora Central Library, 14949 E. Alameda Parkway. The seminar, presented by Berkshire Advisor Resource, Inc., also will address the forms and applications required in seeking financial aid, how to negotiate the best possible aid package regardless of financial situation, and facts vs. fiction related to the financial aid process. The seminar is free, but registration is required. To register, call the Aurora Central Library at 303-739-6630. .

Workers Cite Biggest Financial Planning Regrets: Saving Too Little ... DES MOINES, Iowa--(BUSINESS WIRE)--Sept. 13, 2006--When it comes to saving for retirement, are American workers and retirees a day late and a dollar short? According to the latest Principal Financial Well-Being Index(SM), nearly half of American adult workers (45 percent) and a third of retirees (32 percent) surveyed indicated that their biggest financial planning regret was they started saving too late. Around one-quarter of respondents (27 percent of workers; 22 percent of retirees) said they regretted saving too little in their early working years. Others said they had regrets over going it alone and managing on their own when it comes to financial planning (9 percent of workers and 10 percent of retirees). The index, which surveys American adult workers at growing businesses with 10 to 1,000 employees, is released each quarter by the Principal Financial Group(R) and conducted by Harris Interactive(R).

FINANCIAL PLANNING: Seniors can use IRA for charity A provision in the pension reform legislation President Bush signed last month will make it easier for older people to donate money in their Individual Retirement Accounts to charity. The provision, which is effective only for 2006 and 2007, allows individuals who are 70 1/2 or older to take tax-free withdrawals from their IRAs as long as that money goes directly to charity. There are, of course, some rules you must follow to take advantage of this tax break. Among them: The IRA distribution must go directly to the charity. Private foundations and donor-advised funds are not eligible for tax-free IRA distributions. The maximum tax-free distribution you can make is $100,000 a year, and the provision is limited to 2006 and 2007. Talk about this and more on the Courier-Post forums! or send a letter to the editor.

Celebrate Grandparents' Day by planning to beat the taxman IT IS officially national Grandparents' Day, making it an ideal time to think about your own finances and how you can help your family plan for their own future - and a burning issue in all of this is inheritance tax (IHT). In the UK, IHT is levied at 40 per cent on assets over £285,000 and in the wake of spiralling house prices, an increasing number of families are over this threshold. .

FINANCIAL PLANNING: Older workers plan to work longer

Does this Labor Day have you dreaming of retirement? A new poll from AARP shows older people expect to work beyond age 65, while younger workers think they'll be able to retire earlier.

However, the Bureau of Labor Statistics shows only 15 percent of those older than 65 were actually employed in 2005.

Of the 1,053 people surveyed, 37 percent age 50 and older said they anticipate leaving the work force between 65 and 74, compared with 27 percent of those ages 18 to 34. Of the latter group, 38 percent expect to retire between 51 and 64.

The survey has a margin of error of plus or minus 4 percentage points.

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