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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

BAE Systems to raise $1.3 billion in debt to fund pension deficit

Britain's BAE Systems is looking to raise $1.3 billion in debt to fund its pension deficit and repay related loans, the company said on Wednesday, as it prepares to deal with the fallout of the coronavirus outbreak......»»

Category: topSource: reutersApr 8th, 2020

Canada posts Nov. trade deficit of C$1.09 billion, rail strike takes toll

Canada posted a trade deficit of C$1.09 billion ($0.84 billion) in November, thanks in part to a major railway strike that slowed the shipment of imports and exports, Statistics Canada said on Tuesday......»»

Category: topSource: reutersJan 7th, 2020

General Electric"s $22.4 Billion Pension Deficit Isn"t What It Seems

General Electric"s $22.4 Billion Pension Deficit Isn"t What It Seems.....»»

Category: topSource: seekingalphaNov 21st, 2019

FedEx is about to slash its pension plan

FedEx originally defended its $0 tax bill with in part because of a "voluntary contribution of $1.5 billion" to its pension fund......»»

Category: topSource: moneycentralNov 19th, 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

Tencent to Plow $70bn into “New Infrastructure” Tech

Chinese mega-investor Tencent will pour 500 billion yuan ($70bn) into emerging technology, as part of.....»»

Category: topSource: redherring21 hr. 55 min. ago

Regeneron to buy back $5 billion in stock as Sanofi sells part of its stake

Shares of Regeneron Pharmaceuticals.....»»

Category: topSource: marketwatchMay 26th, 2020

Wealthiest hospitals got billions in bailout for struggling health providers

The riches are flowing in large part to hospitals that had already built up deep financial reserves to help them withstand an economic storm. Smaller, poorer hospitals are receiving tiny amounts of federal aid by comparison......»»

Category: topSource: bizjournalsMay 26th, 2020

SoftBank Group"s sale of 5% telco unit stake to raise $2.9 billion

SoftBank Group Corp said on Friday its planned sale of 5% in its domestic telco SoftBank Corp would fetch 310.2 billion yen ($2.9 billion), as part of a programme to raise $41 billion through asset sales......»»

Category: topSource: reutersMay 22nd, 2020

Disney fast-tracking ‘Hamilton’ film for Disney+

Walt Disney Co. has raised $11 billion in new debt to ease financial pressures amid the shutdowns of its theme parks and film and TV productions due to the coronavirus pandemic. The media giant said in a regulatory filing Tuesday the six-part debt r.....»»

Category: topSource: bizjournalsMay 14th, 2020

Disney discloses maturities of $11 billion debt offering, with maturities of 6 years to 40 years

Walt Disney Co. disclosed Wednesday the maturities of a six-part bond deal the media and theme park company announced plans for earlier this week, which maturities ranging from six years to 40 years. The $11.....»»

Category: topSource: marketwatchMay 13th, 2020

Nissan plans $2.8 billion in cuts as part of restructuring plan: Bloomberg

Nissan Motor Co plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported on Wednesday, as it braces for a drop in sales that could complicate its recovery from years of poor profitability......»»

Category: topSource: reutersMay 13th, 2020