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. The company has announced net debt reduction actions of between $9 billion and $11 billion, including tender offers to purchase up to $5 billion of its existing debt, in the past one month. …read more […]
Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be… …read more […]
The big shareholder groups in Alio Gold Inc. (TSE:ALO) have power over the company. Generally speaking, as a company… …read more […]
IKEA brand owner Inter IKEA could be ordered to pay millions of euros in Dutch back taxes by the end of the year, two people familiar with the matter said, as EU competition enforcers push on with their crackdown against unfair tax deals granted to multinationals.
Harley-Davidson Inc is betting on electric motorcycles to attract the next generation of younger and more environmentally conscious riders to reverse declining U.S. sales.
Harley-Davidson Inc is betting on electric motorcycles to attract the next generation of younger and more environmentally conscious riders to reverse declining U.S. sales. The bike costs nearly as much as a Tesla Model 3, and aims for a market that does not really exist: young, “green” and affluent first-time motorcyclists. The sleek sport bike has been available for preorder in the United States since January. …read more […]
Japanese Foreign Minister Toshimitsu Motegi said Japan and the United States will sign a trade agreement on Monday in Washington, and that Tokyo aimed to bring it into force as soon as possible.
Top news and what to watch in the markets on Monday, October 7, 2019. …read more […]
(Bloomberg) — Jennifer Arcuri, the American entrepreneur caught up in a controversy involving U.K. Prime Minister Boris Johnson, repeatedly refused to say if she’d had an intimate relationship with him.In a television interview, she restated the position she first set out in a Bloomberg interview last week that she would not comment on the allegations because it would allow the media to “weaponize” her answer.“I’m not answering,” Arcuri told ITV’s Good Morning Britain, after presenter Piers Morgan asked her repeatedly whether she’d had an “intimate” relationship with Johnson during his time as London Mayor.Arcuri Vows Not to Bring Down Boris …read more […]
Repo Men At the Fed Extend Their Stay to November 4 The Federal Reserve is now extending its daily repurchase operations in the overnight loan markets until November 4. The previous end was called for October 4, but the banking system needs ever more liquidity. The so-called repo markets are overnight agreements to buy Treasuries […]The post Market Morning: Fed Repo Men, Free Trades, Cheese Hoarding, PayPal Bails on Libra appeared first on Market Exclusive. …read more […]
Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see BankUnited… …read more […]
The U.S. Food and Drug Administration on Monday approved a bone-building drug from Pfenex Inc to treat osteoporosis in certain patients at high risk for fractures, giving the company its first commercial product. The company said it is seeking the FDA’s authorization to designate the drug, PF708, as therapeutically equivalent to Eli Lilly and Co’s injectable drug Forteo. This would permit PF708 to be automatically substituted for Forteo, which lost its market exclusivity in many U.S. states in August. …read more […]
Harley-Davidson Inc is betting on electric motorcycles to attract the next generation of younger and more environmentally conscious riders to reverse declining U.S. sales. The bike costs nearly as much as a Tesla Model 3, and aims for a market that does not really exist: young, “green” and affluent first-time motorcyclists. The sleek sport bike has been available for preorder in the United States since January. …read more […]
SEATTLE/WASHINGTON, Oct 4 (Reuters) – An attorney representing families of passengers killed in a Boeing Co 737 MAX crash in Ethiopia said on Friday he will seek sworn evidence from a Boeing engineer who claims the company rejected a proposed safety upgrade to the 737 MAX because it was too costly. The engineer, Curtis Ewbank, said the upgrade could have reduced risks that contributed to two fatal crashes in Indonesia and Ethiopia that together killed 346 people, according to two people familiar with the complaint. Ewbank filed the complaint through internal Boeing channels after the March crash of …read more […]
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