Royal Mail in pension plan talks
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Royal Mail is to consult on closing its final salary pension scheme to new entrants, to help tackle its Â£6.6bn deficit.
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Decision time is nearing for the next rate increase by the Postal Service.
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A bidding consortium led by the Royal Bank of Scotland is expected to give some insight as to whether it will go ahead with a rival offer.
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U.S. private equity firm J.C. Flowers & Co. said Friday that it is in talks with Northern Rock PLC about a possible takeover bid for the troubled mortgage lender.
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Royal Mail could face full competition from 1 January 2006 under new proposals from the industry regulator.
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CHICAGO United Airlines, which has been threatening to end its pensions, has sent contract proposals to its employee unions. United wants to replace future pension plans with a defined contribution plan.
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Union negotiators today claimed they were close to agreeing a pay deal with British Airways to avoid a bank holiday strike and the resulting travel chaos.
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ELEANOR HALL: Talks began today between the former asbestos maker James Hardie, the ACTU and asbestos support groups aimed at reaching a deal to compensate thousands of future victims of the company&#39;s products.
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As strike action is threatened, the Royal Mail reiterated that it cannot afford to improve its 2.5% pay offer.
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More final salary pension schemes may be closed because of the new national pension plan, actuaries warm.
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Business & money: Government could face defeat in House of Lords in row over lost pensions.
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First Choice Holidays confirms it is in talks over the possible sale of its package holiday business, following weekend reports.
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British Airways and other airlines will meet with government officials to discuss security measures.
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Britain's Resolution  and Friends Provident  have confirmed they are in advanced merger talks to create a group worth almost 9 billion pounds, rekindling hopes of consolidation across the insurance sector.
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Cable and Wireless is in preliminary talks with pensions buy-out firms over the possible sale of its &pound;2bn ($4.1bn) pension fund, which would clear the way for a demerger of the company's UK and international businesses.
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Discussions are taking place to secure a private sale of Northern Rock, the prime minister confirms.
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The main postal union is writing to Royal Mail to call for fresh talks to avoid the first national strike since 1996.