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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Roads End who wrote (207689)12/3/2002 12:08:57 PM
From: Perspective  Read Replies (1) of 436258
 
Hey, at least they're getting (more?) realistic about pension fund returns. <s> Anybody know where I sign up for that 9% return next year? <g>

9:40AM Navistar beats by 8 cents, issues Q1 guidance below consensus (NAV) 29.55: Reports Q4 (Oct) loss of $0.98 per share, $0.08 better than the Multex consensus of ($1.06); revenues rose 13.2% year/year to $1.99 bln. Co expects a Q1 loss of $1.45-$1.55, vs consensus of ($0.76); expects demand for Class 8 trucks to remain weak during 1H03, but demand is expected to improve in 2H03; co also said the underfunded liability of pension plans rose, and has reduced their 2003 rate of return assumptions to 9.0%.

BC
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