GE Pension Failure Could Send Investors into Arms of Bitcoin

General Electric (GE) has decided to freeze its pension plan, removing two of the key features that have come to be associated with retirement savings – secure and guaranteed – for tens of thousands of employees. GE isn’t the first company to pull the plug, but as one of the oldest traditional companies in corporate …

GE Sells Coveted $21 Billion BioPharma to Pay Down Crippling Debt Load

General Electric today shocked the stock market with news that ended up pushing its share price considerably higher. It’s selling its BioPharma unit for $21.4 billion to pay down its crippling debt. GE investors applauded the company for taking its leverage ratio down. They sent the stock price higher by as much as 17% before …