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GE"s gaping pension deficit just a tiny part of a $269 billion gap

General Electric Co.’s gaping pension deficit certainly stands out for its size. But the company is hardly the only one at risk of potentially shortchanging some of its employees come retirement......»»

Category: topSource: moneycentralOct 9th, 2019

GE"s gaping pension deficit is just a tiny part of companies" $269 billion Gap

General Electric Co.’s gaping pension deficit certainly stands out for its size. But the company is hardly the only one at risk of potentially shortchanging some of its employees come retirement......»»

Category: topSource: moneycentralOct 9th, 2019

GE"s gaping pension deficit is just a tiny part of companies" $269 billion Gap

General Electric Co.’s gaping pension deficit certainly stands out for its size. But the company is hardly the only one at risk of potentially shortchanging some of its employees come retirement......»»

Category: topSource: moneycentralOct 9th, 2019

GE’s Gaping Pension Deficit Is Just a Tiny Part of Companies’ $269 Billion Gap

General Electric Co.’s gaping pension deficit certainly stands out for its size. But the company is hardly the only one at risk of potentially shortchanging some of its employees come retirement......»»

Category: topSource: moneycentralOct 9th, 2019

GE freezing pensions for 20,000 employees

General Electric Co. said Monday it is freezing pensions for about 20,000 U.S. employees with salaried benefits, as part of its plan to reduce its pension deficit by up to $8 billion......»»

Category: topSource: marketwatchOct 7th, 2019

GE to freeze pension plans for about 20,000 U.S. workers to cut debt

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......»»

Category: topSource: reutersOct 7th, 2019

Gov. Kate Brown proposes keeping $500 million of expected $1.4 billion kicker

Oregon Gov. Kate Brown on Thursday proposed retaining $500 million of the expected $1.4 billion kicker tax rebate. Brown proposed spending $250 million of the money to pay down some of the estimated $27 billion deficit of PERS, the pension fund for.....»»

Category: topSource: bizjournalsMay 30th, 2019

US budget deficit hits $214.1 billion in August

The federal government racked up a $214.1 billion deficit in August, double the red ink from a year ago, although a big part of that increase reflected quirks in the calendar......»»

Category: topSource: foxnewsSep 13th, 2018

US budget deficit hits record $204.9 billion for November

The federal budget deficit surged to a record for the month of November of $204.9 billion, but a big part of the increase reflected a calendar quirk......»»

Category: topSource: foxnewsDec 13th, 2018

Brazil"s New Leader Moves to Revamp Economy

Brazilian President Jair Bolsonaro’s new government is moving quickly to impose changes to the economy intended to boost sluggish growth, while signalling plans to cut the deficit in part by scaling back Brazil’s pension system......»»

Category: topSource: wsjJan 3rd, 2019

Fisher Investments Pension Losses Spike To $1.3 Billion As Iowa Pulls Out

Fisher Investm.....»»

Category: blogSource: zerohedge9 hr. 16 min. ago

Mnuchin backs proposal to double IMF"s crisis fund

U.S. Treasury Secretary Steven Mnuchin on Friday said he welcomes a proposal to double the size of the International Monetary Fund's $250 billion crisis lending fund as part of a deal to maintain overall IMF resources......»»

Category: topSource: reutersOct 18th, 2019

WeWork"s valuation could reportedly slip below $8 billion as part of SoftBank"s proposed bailout of the embattled company

Getty Images AsiaPac SoftBank is reportedly eyeing a plan to rescue .....»»

Category: topSource: businessinsiderOct 18th, 2019

Walmart to record $2.2 billion charge related to "buy-in" to secure Asda pension

Walmart Inc. disclosed Friday that it will record a $2.2 billion charge to earnings, after the retail behemoth's U.K. subsidiary Asda Grou.....»»

Category: topSource: marketwatchOct 18th, 2019

Walmart"s Asda agrees $4.9 billion Rothesay Life pension deal

Walmart's Asda has agreed a 3.8 billion pounds ($4.9 billion) 'buy in' with Rothesay Life to secure the benefits for 12,300 members of one of its pension schemes, in a deal that simplifies its balance sheet ahead of a possible standalone listing......»»

Category: topSource: reutersOct 18th, 2019

Fisher Client Redemptions Near $1 Billion As Boston Pulls Out $248 Million

Fisher Client Redemptions Near $1 Billion As Boston Pulls Out $248 Million Just days after a $70 billion retirement fund pulled its assets from Fisher Investments, the city of Boston is following suit, pulling $248 million in pension fund.....»»

Category: blogSource: zerohedgeOct 17th, 2019

Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion

The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week......»»

Category: topSource: reutersOct 17th, 2019

Ken Fisher"s sexist comments have cost company nearly $1 billion

The fallout from Ken Fisher's comments at a conference last week continues. On Wednesday, the City of Boston pulled close to $250 million in pension funds from Fisher Investments......»»

Category: topSource: moneycentralOct 16th, 2019

Ken Fisher"s sexist comments have cost company nearly $1 billion

The fallout from Ken Fisher's comments at a conference last week continues. On Wednesday, the City of Boston pulled close to $250 million in pension funds from Fisher Investments......»»

Category: topSource: moneycentralOct 16th, 2019

Teva to donate over $15 billion worth of drugs in opioid settlement: source

Teva Pharmaceuticals is in talks to contribute over $15 billion worth of drugs as part of a settlement to resolve lawsuits alleging it helped fuel the U.S. opioid crisis, a source familiar with the matter told Reuters on Wednesday......»»

Category: topSource: reutersOct 16th, 2019

Sunrise shareholder Canada Pension Plan Investment Board backs $2.8 billion capital hike

Sunrise Communications has won support from one of its largest shareholders for its $2.8 billion capital hike - the latest twist in the telecom company's battle to buy Liberty Global's Swiss business......»»

Category: topSource: reutersOct 15th, 2019