The hot trend in defined-benefit pensions last year involved companies offloading some of the risk involved in their plans by doing lump-sum buyouts or annuity purchases. So far in 2013, announcements of such risk transfers have subsided, but consultants said they expect a robust number of transactions, especially lump-sum buyouts, this year.
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Keeping up with the latest digital innovations has replaced economic conditions and regulatory changes as the biggest concern for global executives this year.
Company also plans $30 billion in U.S. capital expenditures.
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