NIC Inc. stock price

NIC Inc. latest news:


  • 01/08/2018 08:12:36

    Arconic to cease pension plan accruals; stock pulls back from 11-month high

    Arconic Inc.'s stock fell 0.4% in morning trade Monday, to pull back from an 11-month high, after the aluminum company disclosed that it was freezing its defined-benefit pension plan for 7,900 employees. The company, which was spun off from Alcoa in late 2016, said benefit accruals for future service and compensation will cease as of April 1. Service earned after March 31 will count towards eligibility for early retirement. The company expects to record a liability decrease of $140 million in the first quarter, as a result of the cut in future benefits. The stock had closed Friday at the highest level since Feb. 22, 2017. It has rallied 8.8% over the past three months, while the S&P 500 has gained 7.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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