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GE Freezes Pension Plans to Cut Deficit by Up to USD 8 Billion
General Electric Co. (NYSE: GE) on Monday said it will freeze pension plans for about 20,000 U.S. salaried workers, and supplementary pension benefits for 700 employees who became executives before 2011. In total, the Boston-headquartered company...
Walmart to Test New Healthcare Services for Workers
In an effort to curb healthcare spending, Walmart Inc. (NYSE: WMT) said it is rolling out a pilot program for its U.S. employees beginning January 1. “From choosing a doctor and trying to get in for an appointment, to understanding medical bills,...
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Oil Prices Rise after Attacks on Saudi Arabia Facilities
Oil prices witnessed a sharp rise over the weekend after Saudi Arabia’s oil facilities were attacked during pre-dawn hours on Saturday. The attacks eliminated more than half...
Kraft Heinz Slips as 3G Capital Cuts Stake
Kraft Heinz Company (NASDAQ: KHC) stock fell as much as 3.8% on Tuesday after its second-largest shareholder 3G Capital Partners sold more than 25 million shares in the...
Tens of Thousands of GM Auto Workers Go on Strike
The United Auto Workers union (UAW) went out on strike against General Motors Company (NYSE: GM) Sunday night, marking the first work stoppage in the U.S. auto industry in more...
Ford Announces its First All-Electric SUV
Ford Motor Co. (NYSE: F) on Thursday announced it will be unveiling its first all-electric SUV on November 17 at an event in Los Angeles. The Mustang Mach-E will make its debut...
Tyson Shares Jump Despite Earnings and Revenue Miss
Shares of Tyson Foods, Inc. (NYSE: TSN) are up over 6% on Tuesday, even after the meat producer reported fourth quarter earnings and sales that fell short of estimates. Tyson...
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Ford Announces USD 275 Million Joint Venture with Mumbai-based Mahindra
Ford Motor Company (NYSE: F) on Tuesday said it will shift most of its operations in India to Mahindra & Mahindra Ltd. as part of a joint venture with the Indian carmaker. The deal, valued at...
NextEra Energy Partners to Acquire Meade Pipeline
NextEra Energy Partners, LP (NYSE: NEP) will acquire Meade Pipeline Co. LLC and its interests in the Central Penn Line in a deal valued at USD 1.37 Billion. The transaction also includes roughly...
Carnival Stock Sinks on Guidance Trim
Carnival Corp. (NYSE: CCL) on Thursday posted third quarter 2019 results that outpaced both revenue and earnings estimates. However, shares are down about 8% on the day after the cruise line...
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