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June 3rd, 2012 
FAKE NEWS for the Zionist agenda Previous Post: How Big Oil Benefits From Global Warming Alarmism nbsp
GM to cut about one-fourth of U.S. pension liability
Reuters – General Motors Co will cut nearly a quarter of its U.S. pension obligation by transferring the management of its pension plans for 118,000 white-collar retirees to a third party and offering lump-sum buyouts. The two moves unveiled on Friday will cut $26 billion from the automaker’s massive U.S. pension liability of nearly $109 billion. GM’s pension overhang is a top concern for investors. It was one of a handful of issues left untouched during GM’s U.S.-financed bankruptcy restructuring three years ago. Read Article
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