Surprise Improvement in South Africa Business Mood Before Budget

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GE Unveils Pension Plan Changes Aimed at Paring Deficit, Debt Load

GE Unveils Pension Plan Changes Aimed at Paring Deficit, Debt Load

General Electric Co. GE -1.61% said it was freezing its pension plan for about 20,000 U.S. workers and offering pension buyouts to 100,000 former employees, as the conglomerate looks for ways to pare its debt. Chief Executive Larry Culp has made paying down debt one of his priorities since abruptly becoming CEO a year ago.…