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Boeing West Coast engineers overwhelmingly oppose contract
Boeing Co.'s contract proposal with a West Coast engineering union that included replacing for new employees their defined benefit plan with an enhanced 401(k) plan was overwhelmingly rejected by union members in voting that ended Monday.
Boeing proposes ending DB plan for new employees
Boeing Co., Chicago, is proposing closing its defined benefit plan to new hires in the engineers union and placing them in a 401(k) plan.
Moody's: Ford, Boeing among those ripe for picking annuitization
Ford, Boeing, Lockheed Martin, Northrop Grumman, and Exelis are among major companies that could be candidates for pension terminations modeled after GM's planned annuitization of its $33 billion U.S. salaried employees pension plan, according to a Moody's Investors Service report.
Boeing to add $1.5 billion to pension plans in 2012
Boeing Co. plans to make a total of $1.5 billion in discretionary pension contributions in 2012, according to the company's fourth-quarter earnings release.
Boeing adds $500 million to plans; CFO Bell to retire
Boeing Co., Chicago, contributed $500 million to its defined benefit pension plans in the third quarter, said Charles Bickers, spokesman. The plans returned about 6% on investments year-to-date Oct. 26, James Bell , Boeing executive vice president, corporate president and CFO, said in a conference
Boeing drops DC proposal in union talks
Boeing Co., Chicago, dropped a proposal to replace its defined benefit plan with a defined contribution plan for employees represented by the International Association of Machinists hired after Jan. 1, said Boeing spokesman Tim Healy. The proposal had been included as part of contract talks with
Boeing seeks new equities chief
Boeing Co., Chicago, is searching for a senior manager-U.S. equities to replace Michael S. Bennett , who joined the $1.2 billion endowment fund of the Baylor College of Medicine, Houston, as director of investments. At Boeing, the senior manager-U.S. equities oversees the $7 billion U.S. equity
Getting money off the table
Boeing, in contract negotiations with the IAM, points out that more than 40% of the employees the union represents at the company don't take maximum advantage of its match for its defined contribution plan. That's an important number.
Boeing putting finishing touches on alts team
Boeing plans to double to six the number of investment specialists on staff by the end of the year to implement an ambitious increase in alternative investments within its $50 billion defined benefit plan.
Boeing seeks to close DB plan to union employees
Union proposes adding supplemental plan, expects increase CHICAGO - Boeing Co. will propose dropping its defined benefit plan for new employees in contract negotiations with one of its two biggest unions, said spokesman Tim Healy. The Chicago-based company plans to disclose this week details of
Boeing labor talks may include DC plan
Airplane maker Boeing could drop defined benefit plan coverage for new employees represented by the International Association of Machinists and Aerospace Workers and possibly other unions.
Alternatives Briefs: Boeing adding to alternatives at expense of equity
Two Russell hedge funds of funds closing because of redemptions Commonfund Realty joins CalPERS in vineyards U.S., U.K. hedge fund groups form new alliance Goldman Sachs fund takes share in Claren Road Man Investments buys half of hedge fund Ore Hill CHICAGO - Boeing Co. plans to raise its $50.4
AT DEADLINE: Yahoo! offer praised
Boeing cuts risk profile CalSTRS to raise targets Consultant info sought Private equity funds close N.Y. State Common picks CIO GE plan buys Paris offices Case to Canada's high court Forest to do MBO Institutional investors reacted positively to Microsoft's bid for Yahoo!, although their enthusiasm
Boeing to contribute $1 billion over 2 years
CHICAGO — Boeing Co. plans to make pension contributions of $500 million in 2007 and another $500 million in 2008, according to its latest financial report. Chicago-based Boeing's pension plans are 101% funded. Boeing won't disclose the values of its pension assets and liabilities until it releases
A way to reform
A pending settlement agreement in a case involving the Boeing Co. provides almost exclusively for corporate governance reforms, supported by $29 million the company agreed to commit over five years to carry out the changes. The settlement, pending in the Chancery Division of the Circuit Court of