Feds move to take over Sears pension plans, will cover ‘vast majority’ of benefits for retailer’s 90,000 retirees

A federal agency is preparing to take responsibility for Sears' pension plans, which cover more than 90,000 people......»»

A federal agency is preparing to take responsibilit.....»»

The Pension Benefit Guaranty Corp (PBGC) said in a Friday press release that it believes Sears Holdings Corp's "continuation of the plans is no longer possible" following the Company's October bank.....»»

Federal agency that insures retirement funds objects to billionaire investor's bid to buy the bankrupt retailer.....»»

General Electric's move to cut its pension liabilities is simply the latest corporate pivot away from guaranteed retirement benefits......»»

General Electric Co said on Monday it was freezing pension plans for about 20,000 U.S. employees with salaried benefits, as the industrial conglomerate makes another drastic move to cut debt and reduce its pension deficit by up to $8 billion......»»

A group of retired Sears Holdings Corp. workers is seeking court approval to form a committee to protect their life insurance benefits, claiming that the bankrupt retailer wrongfully terminated policies for tens of thousands of former employees. In.....»»

Delta Air Lines is committing to seat-back video screens on the vast majority of aircraft in its fleet.  It’s a move that definitely bucks the trend at Delta’s three principal United States-based competitors, United Airlines, American Airline.....»»

If Sears, once the nation’s largest retailer.....»»

Pension Benefit Guaranty Corp (PBGC) is taking steps to assume responsibility for bankrupt retailer Sears Holdings Corp's two pension plans, covering about 90,000 people, the U.S. government agency said on Friday......»»

The Pension Benefit Guaranty Corp. said it is taking steps to assume responsibility for Sears Holdings Corp.’s two defined benefit pension plans, which cover about 90,000 people.  The federal agency said it is stepping in to become responsible f.....»»

The Pension Benefit Guaranty Corp. came out against Eddie Lampert’s proposed $5.2 billion bid for the foundering retailer......»»

A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert's proposed $5.2 billion buyout of the bankrupt retailer......»»

CNBC host Jim Cramer has lauded gaming retailer GameStop Corp. (NYSE: GME) and movie theatre chain AMC Entertainment Holdings Inc. (NYSE: AMC) for their plans to sell more shares, saying that issuing shares is the “righ read more.....»»

Some 1.5 million workers and retirees faced the real risk that their pension incomes would be slashed over the next 20 years or even sooner......»»

Associated Press Georgia Gov. Brian Kemp plans to lift the state's shelter-in-place order for the vast majority of the state's residents at midnight tonight, the Atlanta Journal-Constitution reported.  The state's stay-at-home will e.....»»

The company, with sales off 30% from projections, believes the federal loan will cover two-and-a-half months of pay and benefits for his U.S. workers.....»»

Online fashion retailer Zalando plans to offer more premium and luxury ranges and move into the vintage clothing market as it predicted slower sales growth in 2020 after a strong final quarter to 2019......»»

Online mattress retailer Casper Sleep plans to raise as much as $159 million in its , setting up a test of for pioneering firms whose losses have grown with their revenue. The New York-based... To view the full story, click the title link......»»

Online mattress retailer Casper Sleep plans to raise as much as $159 million in its , setting up a test of for pioneering firms whose losses have grown with their revenue. The New York-based... To view the full story, click the title link......»»