UPDATE 1-U.S. firms' pension deficit at record high-report

Newswire

(Rewrites, adds companies with largest deficits, details) By Bill Rigby NEW YORK, June 20 (Reuters) - Large U.S. companies are running a record high deficit in their employee pension plans, yet many are still boosting profit with illusory pension gains, according to a research report by investment bank UBS. Retiring employees aren't likely to lose benefits, but shareholders will suffer, the report said, as they pay for companies' aggressive pension investing and accounting. Companies ...

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