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FedEx to take $2.2 billion charge on pension accounting change
2015-06-12 17:34:17| Air Courier - Topix.net
The move to mark-to-market accounting will have no effect on employees' pension benefits or the funding requirements for any pension plans or cash flows, FedEx said on Friday. "Adopting the mark-to-market approach will align our accounting to provide greater transparency by removing certain legacy pension costs from segment operating results and recognizing them in a year-end adjustment," Chief Financial Officer Alan Graf said in a statement.
Tags: change
charge
accounting
billion
Ironworkers Dist. Council of Phila. & Vicinity Ret. & Pension Plan v. ...
2015-06-11 23:18:09| Chemicals - Topix.net
Ironworkers Dist. Council of Phila. & Vicinity Ret. & Pension Plan v. Andreotti, C.A. No.
'No intervention' on pension firms
2015-06-10 13:46:19| BBC News | Business | UK Edition
The government will not intervene to force pension providers to deliver on promised freedoms, the pensions minister tells the BBC
Tags: firms
intervention
pension
Pension reform passes council by 14-4 vote
2015-06-10 07:55:58| IT Services - Topix.net
The 14-4 vote pushes the plan back to the Police and Fire Pension Fund board for final approval in the coming weeks. Council members Bill Bishop, Lori Boyer, John Crescimbeni and Matt Schellenberg were the opposing viewpoints; Kim Daniels was absent.
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council
reform
passes
Norways pension fund to divest from coal
2015-06-08 11:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Norways sovereign wealth fund, the largest in the world, has confirmed it will divest from coal. The move comes after the fund faced increasing pressure from the fossil fuel divestment movement. The $900 billion (590bn) government fund will sell off stocks in companies that generate more than 30% of their output or revenue from coal. Companies with coal projects in development that would see them cross the 30% threshold will also be included in the divestment process. The stakes in the companies...
Tags: fund
pension
coal
divest
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