All articles tagged with #pension plan
Originally Published 5 months ago — by ABC News
Kodak, the historic film company, denies reports of imminent shutdown despite financial challenges and debt concerns, emphasizing plans to strengthen its balance sheet through pension fund reversion and cost reduction efforts, aiming to remain operational.
Originally Published 2 years ago — by Yahoo Finance
Walgreens Boots Alliance's international unit, Boots, is transferring its $6 billion pension plan to UK-based financial services company Legal & General, a move that could potentially pave the way for a sale of the pharmacy chain. The buy-in deal insures all 53,000 members in the Boots Pension Scheme and eliminates a major hurdle in previous negotiations for a sale. Walgreens had attempted to sell Boots in 2021 but abandoned the plans due to lack of good offers. Transferring the pension plan provides clarity on Boots' financial trajectory and increases the likelihood of a successful sale.
Originally Published 2 years ago — by One Mile at a Time
An American Airlines pilot has filed a class action lawsuit against the airline, claiming that the company's pension plan invests in funds that "pursue leftist political agendas" and underperform financially. The pilot argues that the funds that consider ESG matters underperform financially compared to non-ESG investments. The lawsuit demands that the carrier top up the pension plan to make up for losses from ESG funds and prevent further violations and mismanagement of the plan.