|July 16, 2014|
|08:45 EDT||VC, PRU||Visteon agrees to transfer certain U.S. pension assets to Prudential|
Visteon (VC) announced that it has entered into an agreement to transfer certain U.S. pension assets to Prudential Insurance Company of America, a subsidiary of Prudential (PRU), to settle approximately $350M of Visteon's $1.1B in outstanding U.S. pension obligations. Under the agreement, the Visteon Pension Plan will purchase a group annuity contract from Prudential, which will then assume the obligation to make future annuity payments to certain Visteon hourly retirees. The pension transfer will not change the amount of the monthly pension benefit received by affected retirees and surviving beneficiaries. The group annuity contract includes an irrevocable commitment by Prudential to make annuity payments to affected retirees covered under the contract.
News For VC;PRU From The Last 14 Days
Check below for free stories on VC;PRU the last two weeks.
|August 13, 2014|
|10:20 EDT||PRU||High option volume stocks|
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|August 12, 2014|
|08:18 EDT||PRU||As MetLife awaits SIFI decision, other non-banks get tough scrutiny, FT says|
The Federal Reserve's scrutiny of AIG (AIG) and GE Capital (GE) since those non-banks were designated as systemic risks shows they are being regarded in the same manner as large banks, according Financial Times, citing people familiar with the process. Insurer Prudential Financial (PRU) was deemed a systemic risk last September and rival MetLife (MET) is waiting to see if it will be designated this year, the report noted. Reference Link
|August 11, 2014|
|06:58 EDT||PRU||UBS to hold a conference|
UBS Financials 1:1 Conference to be held in Chicago on August 11.
|August 6, 2014|
|16:09 EDT||PRU||Prudential reports book value per common share $63.67 at June 30|
Represents an increase of $3.68 from December 31, 2013 after payment of two quarterly Common Stock dividends totaling $1.06 per share.
|16:07 EDT||PRU||Prudential reports Q2 EPS $2.49, consensus $2.35|
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|15:30 EDT||PRU||Notable companies reporting after market close |
Notable companies reporting after the market close, with earnings consensus, include Prudential (PRU), consensus $2.35; CenturyLink (CTL), consensus 64c; Symantec (SYMC), consensus 42c; Transocean (RIG), consensus $1.12; CF Industries (CF), consensus $6.71; QEP Resources (QEP), consensus 33c; Integrys Energy (TEG), consensus 45c; Dun & Bradstreet (DNB), consensus $1.35; Energy Transfer (ETE), consensus 33c; Plains All American (PAA), consensus 50c; Concho Resources (CXO), consensus 97c; Antero Resources (AR), consensus 37c; Keurig Green Mountain (GMCR), consensus 88c; Twenty-First Century Fox (FOXA), consensus 38c; American Water Works (AWK), consensus 64c; Alliant Energy (LNT), consensus 61c; Sunoco Logistics Partners (SXL), consensus 37c; Regency Energy (RGP), consensus 16c; Envision Healthcare (EVHC), consensus 25c; AMERCO (UHAL), one estimate $6.36; zulily (ZU), consensus 4c; Jack in the Box (JACK), consensus 57c.
|07:05 EDT||VC||Visteon sees FY15 revenue $8.5B-$8.7B, consensus $8.63B|
Sees FY15 adjusted EBITDA $78M-$820M
|07:04 EDT||VC||Visteon sees FY14 adjusted EPS $2.98-$3.62, consensus $3.22|
Sees FY14 revenue $7.6B, consensus $8.11B; Sees FY14 adjusted EBITDA including discontinued operations $700M-$730M; Sees FY14 adjusted free cash flow $125M-$165M
|07:03 EDT||VC||Visteon reports Q2 adjusted EPS $1.75, consensus 85c|
Reports Q2 revenue $2.04B, consensus $1.97B; Reports Q2 sales excluding discontinued operations $1.78B