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Editorial Results (free)
1. US Pension Insurer Ran Record $62 Billion Deficit in 2014
- Tuesday, November 18, 2014
WASHINGTON (AP) – The federal agency that insures pensions for about 41 million Americans saw its deficit nearly double in the latest fiscal year. The agency said the worsening finances of some multi-employer pension plans mainly caused the increased deficit.
2. Is Your Pension Plan Safe?
- Thursday, November 22, 2012
Ray’s Take While most companies have abandoned pension plans for 401(k) programs, there are still countless employees counting on their pension plan to fund their retirement years. The question is: Will that pension plan still be around when the time comes?
3. New Law Gives US Companies a Break on Pensions
- Tuesday, July 10, 2012
WASHINGTON (AP) – A new law will let companies contribute billions of dollars less to their workers' pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement.
4. American Airlines Aims to Cut 13,000 Jobs
- Thursday, February 2, 2012
DALLAS (AP) – The parent of American Airlines wants to eliminate about 13,000 jobs – 15 percent of its workforce – as the nation's third-biggest airline remakes itself under bankruptcy protection.
5. Delta Shares Up on Report of Interest in AMR
- Friday, January 13, 2012
FORT WORTH, Texas (AP) – Shares of Delta Air Lines Inc. rose Thursday after a report that the world's second-biggest airline may try to buy American Airlines parent AMR Corp.
6. 3 Senior Executives Leaving American Airlines
- Wednesday, December 7, 2011
DALLAS (AP) – The exodus of top leaders at American Airlines is growing, a week after parent AMR Corp. filed for bankruptcy protection.
7. Former Head of Pension Agency Takes the Fifth
- Thursday, May 21, 2009
WASHINGTON (AP) - The former director of the government's pension agency took the Fifth Amendment at a Senate hearing where lawmakers quizzed him about allegations that he had inappropriate contacts with three Wall Street firms.
8. Government Pension Agency Braces for Recession
- Tuesday, February 17, 2009
WASHINGTON (AP) - The deepening recession spells trouble for a little-known government corporation that insures the pensions of 44 million workers and retirees.
The Pension Benefit Guaranty Corp. already has an $11 billion deficit that seems sure to grow larger as Corporate America suffers through the worst economic crisis since the Great Depression.
9. Lehman’s Chaotic Bankruptcy Destroyed Billions
- Tuesday, December 30, 2008
As much as $75 billion of Lehman Brothers Holdings Inc. value was destroyed by the unplanned and chaotic form of the firm’s bankruptcy filing in September, according to an internal analysis by the company’s restructuring advisers.
10. Inaction on Big 3 Would Cost Taxpayers Billions
- Thursday, December 11, 2008
WASHINGTON (AP) - The U.S. auto industry's problems will cost taxpayers plenty whether or not the government helps Detroit.
Just walking away and letting the struggling Big Three automakers go under would drain government coffers by about as much as the $15 billion bridge loan that lawmakers are preparing, and perhaps much more, according to outside analysts. The costs would come from lower tax collections by the federal, state and local governments and the payment of extra unemployment, pension and other benefits to unemployed or retired auto workers.
11. PBGC Downplays Investment Plan Risks
- Tuesday, August 19, 2008
WASHINGTON (AP) – The federal agency charged with backstopping pension benefits for 44 million Americans has understated the risks of its new investment policy, a congressional watchdog said Monday.
12. Treasury Rules Against Pension Plan Transfers
- Friday, August 8, 2008
WASHINGTON (AP) - The Bush administration dealt a blow to the already reeling financial services sector Wednesday, ruling that companies can't transfer their pension plans to large banks to be managed for a profit.
13. Federal Pension Agency Seeks Investment Partners
- Tuesday, August 5, 2008
WASHINGTON (AP) - The federal agency that backs the retirement benefits of 44 million Americans is seeking financial firms to invest about $2.5 billion of its assets in private equity and real estate.
14. House Discusses Impact Of Delta-Northwest Merger
- Thursday, July 31, 2008
Officials of unions that represent Northwest Airlines Corp. flight attendants, ramp workers and reservation agents told lawmakers Wednesday they are worried Delta Air Lines Inc.’s plan to combine the two carriers could lead to lost pension benefits for employees.
15. Memphis Health Care Employees Enjoy Better Pensions
- Thursday, October 25, 2007
More than 22,000 workers at Memphis' largest health care institutions likely will avoid a looming domino effect of failing pension plans at hospitals on the East Coast. They can thank their employers for converting pension structures from the traditional defined benefits to the newer defined contributions approach.
16. Archived Article: Northwest
- Thursday, December 28, 1995
12/27 jts Northwest Northwest, Bridgestone-Firestone pinch pensions By JAMES SNYDER The Daily News Northwest Airlines, the dominant passenger air carrier in Memphis, has entrenched itself on a list of 50 companies with the largest underfunded pensio...