Daily Archives: May 7, 2018

Press Release

Reported Group revenue was EUR 14.7 billion and with this almost on the level of the prior year (2017: EUR 14.9 billion). Reported Group revenue was EUR 14.7 billion and with this almost on the level of the prior year (2017: EUR 14.9 billion). On an organic basis – after adjusting for currency and portfolio effects – Deutsche Post DHL Group increased Group revenue by a substantial 6.4%. In addition, EBIT includes a positive effect of 108 million EUR resulting from pension revaluations. The company invested a total of EUR 327 million across all four divisions between January and March (2017: EUR 334 million). The si

By | 2018-05-07T17:00:00+00:00 May 7th, 2018|companies, News|0 Comments

FedEx to Purchase $6 Billion Group Annuity Contract from Metropolitan Life Insurance Company to Reduce Pension Obligations

FedEx to Purchase $6 Billion Group Annuity Contract from Metropolitan Life Insurance Company to Reduce Pension ObligationsMEMPHIS, Tenn., May 8, 2018—FedEx Corp. (NYSE: FDX) announced today it has entered into an agreement with Metropolitan Life Insurance Company (“Metropolitan Life”) to purchase a group annuity contract and transfer approximately $6 billion of the company’s U.S. pension plan obligations. The transaction will transfer responsibility for pension benefits to Metropolitan Life for

By | 2018-05-07T17:00:00+00:00 May 7th, 2018|companies, News|0 Comments