Tyco International Ltd., which has paid off more than $8 billion in debt since 2002, said yesterday that it would make contributions to its pension plan of at least $500 million and might have costs to repurchase convertible debt.
retirement contributions?—it would eliminate.
(The "Friends of Fred Thompson" committee said it would report contributions and expenditures for the first time on Tuesday).
Executives at Facebook declined to offer more details about the PAC or to say which races it would make contributions to.
Executives at Facebook declined to offer more details about their political action committee or say which races it would make contributions to.
A Delta spokeswoman, Peggy Estes, said the plan would save the company money because it would require contributions to be made annually instead of monthly.
On Tuesday afternoon, the Republican Party of Florida, which received more than $500,000 from Mr. Rothstein, his wife and his law firm since 2002, said it would place contributions from the most recent election cycle ($148,244) into a victim compensation fund.
The United Way of Los Angeles, an organization whose board was often seen as a badge of prestige for the city's elite, announced earlier this year that it was adopting a new philosophy under which it would cut contributions to many of the organizations it had traditionally supported, like the American Heart Association and the American Lung Association.
It would allow contributions from Political Action Committees, which are comprised of human beings who get together and donate under the IRS' political committee rules - Section 527.
The DuPont Company said yesterday that it would cut its contribution to workers' pensions by two-thirds after 2007, part of a growing move by American companies away from traditional defined-benefit plans.
