Streak yesterday look at whats been happening with the markets youll see overnight in asia, you can see what happened with japan. Down by 0. 4 hang seng slightly weaker. As the president is preparing to speak in poland, market theres are a bit weaker dax is down by 0. 6 . The cac is the biggest decliner, down by 0. the ftse is off by a half percent. Crude oil prices, which yesterday fell for the first time after eight days in a row of gains are up once again a gain of 65 cents to 45. 78. Sorkin, is he back tomorrow no. He may be back on monday not sure i will tell you about the three big stories. I hit this up to see what three big stories. Look how much i have to read look at that im looking on my machine about what is heavy duty lifting that youre feeling i dont even have andrew i even want him to come back to take no ill do this. Ill give it the Royal Treatment it deserves. The enthusiasm here are the big stories today tloos three of them. New this morning a crash test brings into q
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GE Transfers $1.7 Billion in U.S. Pension Plan Obligations to Athene
Posted on 12/16/2020
General Electric (GE) transferred approximately US$ 1.7 billion of its U.S. GE Pension Plan obligations by purchasing group annuity contracts from wholly owned subsidiaries of Athene Holding Ltd. Approximately 70,000 of GE’s retirees and beneficiaries with benefits under US$ 360 per month will receive their monthly pension benefit payments from one of Athene’s wholly owned subsidiaries, either Athene Annuity and Life Company or Athene Annuity & Life Assurance Company of New York as part of this transfer. The purchase of the group annuity contracts will be funded directly by assets of the U.S. GE Pension Plan.