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Stock Market & Financial Investment News

News Breaks
July 16, 2014
08:45 EDTVC, PRUVisteon 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
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September 25, 2014
09:03 EDTPRUMotorola Solutions to cut pension plan liability by $4.2B
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07:58 EDTVCVisteon added to Top Picks List at FBR Capital
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September 22, 2014
14:09 EDTVCVisteon repeats FY14 adjusted EPS view $2.98-$3.62, consensus $3.36
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14:06 EDTVCVisteon repeats FY15 revenue view $8.5B-$8.7B, consensus $8.66B
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07:34 EDTPRUThe Atlantic Council hosts a discussion
Prudential Managing Director Bonesteel, Rock Creek Global Advisors Vice President Lowery and International Monetary Fund Director discuss the growing importance of global public investors in international capital markets in a discussion being held in Washington, D.C. on September 22 at 4 pm.
07:25 EDTVCCitigroup to hold a conference
Industrials Conference to be held in Boston on September 22-24.

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