UPDATE 3-Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor
* Honda says no final agreement on recall liabilities (Updates with details, comments; edits throughout)
(Adds details from statement)
Oct 6 United Technologies Corp, maker of Pratt & Whitney engines, said on Thursday it would cut the overall size of its pension liabilities by about $1.77 billion in 2016.
The company, which also makes Otis elevators, said it expected to incur a one-time pre-tax pension settlement charge of $400 million to $530 million in the fourth quarter.
United Technologies had future pension and post-retirement benefit obligations of $5.71 billion as of June 30.
The company said in a statement it would transfer management of its pension plans for about 36,000 retirees to a third-party as well as offer lump sum buyouts instead of monthly pension payments to an estimated 10,000 retirees.
The company will transfer about $775 million of its outstanding pension benefit obligations to the Prudential Insurance Company of America, United Technologies said.
Prudential will administer retirement benefits for United Technologies retirees and surviving beneficiaries who currently receive a benefit of $300 per month or less from the plans.
The transfer to Prudential is expected to close on Oct. 12, according to the statement.
United Technologies will also offer retirees a one-time lump sum payment instead of future monthly payments, which it estimated would reduce pension benefit obligations by about $995 million by end of 2016. (Reporting by Rachit Vats in Bengaluru; Editing by Richard Chang)
(Corrects first bullet point to "high", not "low", and last bullet point to "this week", not "next week") BENGALURU, June 26 Gold prices were little changed on Monday as the market waited for a flurry of key U.S. economic data this week, with a weaker dollar offering some support. FUNDAMENTALS * Spot gold was nearly flat at $1,256.06 per ounce at 0050 GMT, staying near a one-week high hit on Friday. * U.S. gold futures for August delivery
June 25 Walt Disney's "presentation map," which the late animation entrepreneur drew in the 1950s to attract investors to the idea for his legendary theme park "Disneyland," sold for $708,000 at an auction of Disney memorabilia on Sunday.