Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases in the build rates
of certain aircraft; 6) the effect on aircraft demand and build rates
of changing customer preferences for business aircraft, including the effect
of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the effect
of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment
by such customers; 13) any adverse impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders
by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on
pension plan assets and the impact
of future discount rate changes on
pension obligations; 17) our ability to borrow additional
funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition
of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect
of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect
of changes in tax law, such as the effect
of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations
of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect
of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending
by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness
of any interest rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or impact
of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations in foreign current exchange rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The fossil fuel divestment campaign began on university campuses in 2011 but the new report reveals that concerns over investments in coal, oil and gas have now entered the financial mainstream, with more than 80 %
of the
funds now committed to divest being managed
by commercial investment and
pension funds.
The CPPIB, one
of the world's largest
pension funds, invests money not needed by the Canada Pension Plan to pay benefits for some 18 million current and retired contri
pension funds, invests money not needed
by the Canada
Pension Plan to pay benefits for some 18 million current and retired contri
Pension Plan to pay benefits for some 18 million current and retired contributors.
During the call, Peladeau said Quebecor would review
of its dividend policy after the repurchase
of the minority share
of Quebecor Media Inc. that's currently owned
by the Caisse de depot
pension fund, but he didn't provide timing.
The lawsuit stems from losses the
pension fund suffered after the collapse
of the housing market and defaults on formerly AAA - rated securities that were backed
by pools
of residential mortgages, Calpers said in a statement.
Sonders thinks that buybacks could be replaced
by other sources
of demand, such as retail investors and
pension funds.
«On a cumulative basis there has not been a dollar added to the US stock market since the end
of the financial crisis
by retail investors and
pension funds.»
But a growing portion
of the money flowing into hedge
funds is coming from
pension funds, run
by investors who are more interested in consistent returns than outsized ones.
The CPPIB, one
of Canada's biggest
pension funds, invests money not currently needed by the Canada Pension Plan to pay be
pension funds, invests money not currently needed
by the Canada
Pension Plan to pay be
Pension Plan to pay benefits.
As tax revenues have shrunk, the city's financial obligations have grown — mainly to an ever - expanding pool
of 30,000 retirees, promised life - time
pensions and health benefits
by short - sighted government officials over decades who consistently failed to
fund those future obligations.
Five years ago, she was poached from Goldman Sachs — where she made her name convincing a number
of large
pension funds to hedge in the run up to the financial crisis —
by Bank
of America to run a first
of its kind on Wall Street cross-asset, cross-industry structured - strategies group («It's about solutions, not products,» she says).
Blackstone Capital Partners VI attracted some
of the world's largest private - equity investors, including the California Public Employees» Retirement System and the Canada
Pension Plan Investment Board, according to disclosures by the pension
Pension Plan Investment Board, according to disclosures
by the
pensionpension funds.
«It's a longer - term issue,» Brainard said
of the trend
by public
pension funds to reduce their targets.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations
of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost
of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance
of new product offerings; (6) the availability and cost
of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused
by natural and other disasters and other events); (7) the impact
of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation
of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's
funding obligations under defined benefit
pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
Despite the delay, state
pension funds will be paid in full
by the end
of fiscal 2016, Munger said at a news conference in Chicago.
Retirees are facing problems very similar to the average
pension fund: In addition to not having enough cash contributions to keep up with the costs
of aging, their returns have been hurt
by interest rates that have been too low for too long.
Given Osiris's strong five - year record
of growth and profitability, Bowers was able to help make Miller's wishes come true: he structured a deal that raised $ 13 million from a large local
pension fund — the Pennsylvania Public School Employees Retirement System (see «What Pension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividend
pension fund — the Pennsylvania Public School Employees Retirement System (see «What
Pension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividend
Pension Funds Want,» [Article link]-RRB---
by selling a package
of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividend yield.
And that is a trend that keeps snowballing, thanks primarily to the activities
of two groups: first, the
pension funds, insurers, and other large investors that continue to accelerate their investments in growth companies; and second, the investment - world professionals, who are responding to the deluge
of money
by continually setting up new
funds.
The billions
of dollars managed
by mutual
funds, hedge
funds, insurance companies, university endowments,
pensions, foundations, sovereign wealth
funds and the like need to find returns for their money.
Among the things that prompted the creation
of the inquiries were: financial difficulties facing DB
pension plans and related concerns about DB
funding rules; long simmering and unresolved legal issues, the most prominent
of which revolve around the use
of surpluses in DB plans; ambiguity about how EPP regulations apply to new hybrid plans; a lack
of harmonization among Canadian regulatory laws; and declining coverage
by EPPs in general and DB plans in particular.
He plans to make a $ 681 million payment to the state's
pension funds, which will cover the costs
of benefits earned
by active employees during the year.
Although high finance obviously has been shaped
by the Industrial Revolution's legacy
of corporate finance, institutional investment such as
pension fund saving as part
of the industrial wage contract, mutual
funds, and globalization along «financialized» lines, financial managers have taken over industrial companies to create what Hyman Minsky has called «money manager capitalism.»
These benefits would (i) largely go to developers and contractors for infrastructure projects like new pipelines that would happen even without new incentives and so be highly regressive; (ii) raise costs
by failing to reach the tax - free
pension funds, sovereign wealth
funds and international investors who are the most plausible sources
of incremental infrastructure finance; (iii) not encourage at all the highest return maintenance projects like fixing potholes that do not yield a pecuniary return for investors; and (iv)
by offering credits at an unprecedented 82 percent rate, invite all kinds
of tax shelter abuse.
(a) Schedule 2.7 (a)
of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3)
of the Employee Retirement Income Security Act
of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee
pension benefit plans, as defined in Section 3 (2)
of ERISA, multi-employer plans, as defined in Section 3 (37)
of ERISA, employee welfare benefit plans, as defined in Section 3 (1)
of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any
funding mechanism therefore now in effect or required in the future as a result
of the transactions contemplated
by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant
of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored
by or maintained
by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.
On August 2, 2005, CIBC paid US$ 2.4 billion to settle a class action lawsuit brought
by a group
of pension funds and investment managers, including the University
of California, which claims that «systematic fraud
by Enron and its officers led to the loss
of billions and the collapse
of the company.»
On the heels
of plans
by the Government
Pension Investment
Fund -LRB-
Rather than paying these
pensions out
of current income as it is earned or plowing their earnings back into investment in their own business, companies take their income and «financialize» it
by buying stocks and bonds for their
pension funds.
On the heels
of plans
by the Government
Pension Investment
Fund (GPIF) to double its investment into Japanese equities, other institutional investors have committed approximately $ 250 billion.
The days are gone when family breadwinners could expect to work for one employer throughout their entire career, retire on generous defined benefit
pensions provided
by that employer, with the comfort
of knowing that expenses in their golden years would be securely
funded by the deep pockets
of government.
a
pension fund that is regulated
by either the Office
of the Superintendent
of Financial Institutions (Canada) or a
pension commission or similar regulatory authority
of a jurisdiction
of Canada,
Climate Bonds Initiative's mission is to grow capital into climate solutions
by promoting green bonds to investors, primarily
pension and insurance
funds filled with trillions
of dollars
of investment - ready capital.
Institutional investors have projected upward price trends
by calculating the rising flow
of pension fund and mutual
fund savings into the market.
Great pricing is a result
of volume buying — something you receive thanks to the many institutional - sized orders placed
by hedge
funds,
pensions funds, institutional investors, and high - net - worth brokerage clients all trading alongside you on the platform.
And, over time, the employer's role in
funding the plans would shrink: in 1989, employers contributed roughly 70 percent
of the money that went into retirement plans;
by 2002, employees» cash contributions outstripped company payments into retirement plans
of all kinds — including traditional
pensions.
Some 70 %
of shares in U.S. - listed companies today are held
by mutual
funds,
pension funds, insurance companies, sovereign
funds, and other institutional investors, which manage them on behalf
of beneficiaries such as households, pensioners, policy holders, and governments.
Under
Pension Fund Capitalism, employees are encouraged to think
of themselves as capitalists in miniature — and provide for their retirement
by employee stock ownership programs rather than saving up their wages themselves or having
pensions financed on a pay - as - you - go basis out
of future production.
By the same token, he says, private equity firms face stiff competition from strategic buyers and a growing number
of other financing options, including
pension funds, family offices, sovereign wealth
funds and special purpose acquisition corporations (SPACs).
It also has been a sometime tool
of activist hedge and
pension funds for legitimate corporate governance changes, but left - leaning state and local
pension funds and union
pension funds have often used it to achieve political or social ends not shared
by other investors.
This is the 10th edition
of the report hailed as the «Bible for socially progressive foundations, religious groups,
pension funds, and tax - exempt organizations»
by the Chicago Tribune.
These benefits would (i) largely go to developers and contractors for infrastructure projects like new pipelines that would happen even without new incentives and so be highly regressive; (ii) raise costs
by failing to reach the tax - free
pension funds, sovereign wealth
funds and international investors that are the most plausible sources
of incremental infrastructure finance; (iii) not encourage at all the highest return maintenance projects like fixing potholes that do not yield a pecuniary return for investors; and (iv)
by offering credits at an unprecedented 82 per cent rate, invite all kinds
of tax - shelter abuse.
The next phase
of public
pension reform will likely be touched off
by a stock market decline that creates the real possibility
of at least one state
fund running out
of cash within a couple
of years.
The 10 - year debt facility, with a fixed interest rate, will be used to finance the seed portfolio
of a vehicle managed
by Corestate on behalf
of the German
pension fund.
And better yet, if the Fed can keep the
pensions thinly solvent
by pumping up the stock market, Congress and State Governments can defer the inevitable taxpayer bailout
of public
pension funds — for now.
This is based on an in - depth study conducted
by a good friend
of mine who works at a public
pension fund.
MaRS client Wave Accounting Inc., creators
of free online accounting software for small businesses, has announced the closing
of its seed round
of financing, led
by OMERS through INKEF Capital, the venture capital investment alliance
of pension funds OMERS (Canada) and ABP (the Netherlands).
The problem is that the state - mandated
pension plans for school - district employees are defined benefit plans, which means the amount
of future benefits is guaranteed and has to be
funded by the taxpayers and / or investment income.
May 03 — The Central States
Pension Fund that covers 400,000 retirees and active workers will be insolvent by Jan. 1, 2025, and only an act of Congress can save it, the fund's executive director told members in a conference call Wednesday even
Fund that covers 400,000 retirees and active workers will be insolvent
by Jan. 1, 2025, and only an act
of Congress can save it, the
fund's executive director told members in a conference call Wednesday even
fund's executive director told members in a conference call Wednesday evening.
Former Minister
of Industry, Business and Financial Affairs Troels Lund Poulsen stated in 2016 that the goal
of the code review is to encourage more active stewardship
by Danish
pension funds and institutional investors.
At year - end 2013, we estimate
pension funding levels for our 50 largest rated US corporate issuers increased
by 19 percentage points to 94 %
of pension obligations, compared with a year earlier.
Many infrastructure projects could be financed
by Canadian
pension funds, many
of which are underfunded, struggling and would love to have investments with almost guaranteed 7 % to 9 % yields in their portfolios.