“GE to freeze pensions for about 20,000 employees, stock surges”
October 8, 2019
” Shares of General Electric Co. GE, -0.82% surged 2.6% in premarket trading Monday, after the industrial conglomerate said it was freezing the U.S. pension plan for about 20,000 employees with salaried benefits, and supplementary pension benefits for 700 employees…. GE’s stock has tumbled 32.4% over the past 12 months, while the Dow Jones Industrial Average DJIA, -0.36% has gained 0.5%.”