SOUTHFIELD, Mich. (July 26)—Federal-Mogul Corp. will suspend stock contributions to its employees' pension fund effective July 31 because of current market conditions and the concern among workers about the potential for continued volatility in the price of the company's stock. Employees will be allowed to maintain current holdings of Federal-Mogul common stock but in the future, the firm will match contributions with cash rather than stock, the seal maker said in a July 25 filing with the Securities and Exchange Commission.
Federal-Mogul to match employee pension funds with cash instead of stock
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