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.
As investors get ready for third quarter earnings season, several signs point to danger ahead. …read more […]
BioTelemetry, Inc. (NASDAQ:BEAT), which is in the healthcare business, and is based in United States, received a lot… …read more […]
While markets have had a choppy week, 2019 has revealed some outstanding performers in certain underrated sectors. Technology and healthcare have been solid spaces to invest in, despite how the headlines might appear. …read more […]
BlackRock Inc , the world’s largest asset manager has appointed Manish Mehta as global head of human resources effective immediately, according to a memo seen by Reuters on Monday.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will… …read more […]
Stocks edged up globally on Monday as broadly positive U.S. jobs data from last week quelled some fears about an economic slowdown, but nervousness over U.S.-China trade talks persisted and more weak European economic data trickled in.
U.S. stock index futures dipped on Monday as investors braced for U.S.-China trade talks later in the week, after a rollercoaster week that sparked fears of a recession in the world’s largest economy.
BlackRock Inc, the world’s largest asset manager has appointed Manish Mehta as global head of human resources effective immediately, according to a memo seen by Reuters on Monday. Mehta, previously the head of ETFs and Index Investments (EII) at BlackRock, replaces Rob Fairbairn who took over the role of head of human resources on an interim basis in July after the abrupt departure of then HR head Jeff Smith. …read more […]
Anyone researching Aclaris Therapeutics, Inc. (NASDAQ:ACRS) might want to consider the historical volatility of the… …read more […]
(Bloomberg) — Three researchers from the U.S. and Britain won a Nobel Prize for showing how cells sense and adapt to changing oxygen levels, a line of research that’s already led to the development of new drugs.Americans William Kaelin of the Dana-Farber Cancer Institute in Boston, Gregg Semenza of Baltimore’s Johns Hopkins Medicine, and Peter Ratcliffe of the Francis Crick Institute in London received this year’s award for physiology or medicine, the Nobel Assembly at the Karolinska Institute said Monday in a statement.“The seminal discoveries by this year’s Nobel laureates revealed the mechanism for one of life’s most essential adaptive …read more […]
SoftBank Group founder and CEO Masayoshi Son is “embarrassed and flustered” by his track record, he told Nikkei Business magazine, as the Japanese company comes under pressure from some investors for its bets on loss-making businesses.
General Electric Co said on Monday it was freezing the pension plan for about 20,000 U.S. employees with salaried benefits, as the industrial conglomerate looks to cut its huge debt pile.
General Electric Co said on Monday it was freezing the pension plan for about 20,000 U.S. employees with salaried benefits, as the industrial conglomerate looks to cut its huge debt pile. The company will also freeze supplementary pension benefits for about 700 U.S. employees, and these actions are expected to reduce net debt between $4 billion and $6 billion, GE said. GE and its finance arm had total borrowings of about $105.8 billion as of June 30, with industrial net debt at $54.4 billion. …read more […]
(Bloomberg) — General Electric Co. said it would freeze pension plan benefits for about 20,000 U.S. employees as it takes steps to slash its pension deficit and improve its financial position.The industrial giant aims to cut its pension shortfall by $5 billion to $8 billion, it said in a statement Monday. GE shares rose about 2 percent in pre-market trading in the U.S. The company had 97,000 U.S. employees at the end of 2018, or about a third of its worldwide workforce.In other measures, the company will pre-fund $4 billion to $5 billion of its estimated requirements for 2021 and …read more […]
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