May 31, 2023

United Technologies agrees to a $30 billion deal for Rockwell Collins

Pin It

By Alwyn Scott and Mike Stone, Reuters From Business Insider The aerospace supplier United Technologies Corp. has struck a $30 billion agreement to buy the avionics and interiors maker Rockwell Collins Inc., the companies said Monday, in a deal that bulks up UTC’s power with plane makers by creating one of the world’s largest makers […]

US Insurance companies taking over pensions

Pin It

By Newsmax Wires  From Newsmax U.S. insurers are buying corporate pension plans at a record clip as rising interest rates and all-time high stock-market values give companies the perfect excuse to offload them. “The movement is expected over time to transform the management of pensions for employers, which can slash their exposure to the volatility […]