Markets unsettled older workers fear retirement security
The turbulence in U.S. stock markets unsettles older workers and retirees who face memories of the 2008 crash. Despite volatility, experts say retirement planning has not markedly changed, with many maintaining cautious portfolios and budgeting to avoid new ruinous losses.
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GE reshuffles leadership at its Power unit
General Electric announced leadership changes in GE Power as it splits the unit into Gas Power and Power Portfolio. John Rice returns as Gas Power chairman while Scott Strazik becomes Gas Power CEO and Russell Stokes leads Power Portfolio. The move follows a $22 billion write-down tied to the Alstom deal and aims to boost execution and costs.
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