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Richard Clough

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GENERAL ELECTRIC CO. has sold its bio-pharma business to Danaher Corp. for $21.4 billion. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

GE soars on $21.4B sale of bio-pharma business to Danaher

NEW YORK - General Electric Co. surged as much as 19 percent after agreeing to sell its bio-pharma business to Danaher Corp. for $21.4...
GENERAL ELECTRIC CO. will reimburse the state of Massachusetts for funds used to develop the manufacturer’s future headquarters, a project that is now being scaled back. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

GE to repay Mass. $87M for scaled-back headquarters plan

NEW YORK - General Electric Co. will reimburse the state of Massachusetts for funds used to develop the manufacturer’s future headquarters, a project that...
GENERAL ELECTRIC STOCK jumped the most in almost a decade as the new CEO Larry Culp detailed his efforts to reduce the company’s debilitating debt load, fix the ailing power business and ease lingering uncertainties weighing on the shares. The company also announced a deal to settle a Justice Department probe into its defunct subprime-mortgage unit for less than investors had feared. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

GE soars most since 2009 as new CEO’s rescue plan gains...

NEW YORK - Larry Culp’s first appeal to General Electric Co. investors didn’t go so well back in October. This time it’s a different story.GE...
GENERAL ELECTRIC CO. reported a $22.9 billion net loss for the third quarter. The company said this was largely due to a $22 billion non-cash goodwill impairment related to GE Power. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

GE posts major loss, slashes dividend, revamps power as new CEO...

NEW YORK - General Electric Co. slashed its quarterly dividend to just a penny a share and outlined a reorganization of its troubled power...
RAYTHEON CO. REPORTED net income of $641 million in the third quarter. / BLOOMBERG NEWS FILE PHOTO/ALASTAIR MILLER

Raytheon boosts forecasts as sales rise across all businesses

NEW YORK - Raytheon Co. raised its 2018 outlook as the defense contractor said international orders and work on classified programs helped it generate higher...
LAWRENCE "LARRY" CULP has been appointed CEO of General Electric Co., after the company parted ways with former CEO John Flannery. / COURTESY GENERAL ELECTRIC CO.

GE ousts Flannery after slump, names Lawrence Culp CEO

NEW YORK - General Electric Co. soared after ousting John Flannery less than a year into the job of CEO, and naming a renowned...
GENERAL ELECTRIC CO. has agreed to merge its locomotive business with Wabtec Corp. in a deal valued at $11.1 billion. /BLOOMBERG FILE PHOTO/LUKE SHARRETT

GE revamp picks up pace with $11.1B Wabtec rail deal

NEW YORK - General Electric Co. CEO John Flannery is taking the biggest step yet in his plan to revitalize the beleaguered manufacturer, agreeing to...
GE AGREED TO SELL a portion of its health care business for $1.05 billion. / BLOOMBERG FILE PHOTO/AKOS STILLER

GE to sell health IT assets in $1.05B private-equity deal

NEW YORK - General Electric Co. agreed to sell a portion of its health care business for $1.05 billion as management streamlines the operations and...
GENERAL ELECTRIC'S NEW CEO said said he’s weighing potentially dramatic changes including a breakup into separate businesses. / BLOOMBERG FILE PHOTO/DANIEL ACKER

GE CEO renews pledge to study breakup after $6.2B stumble

NEW YORK - General Electric Co.’s new boss said he’s weighing potentially dramatic changes including a breakup into separate businesses, after the iconic manufacturer...
GENERAL ELECTRIC CO. is trending towards the bottom of the company's profit forecast as CEO Jeffrey Immelt prepares to leave the company./ BLOOMBERG FILE PHOTO/AKOS STILLER

GE tumbles as CFO sees earnings trending to low end of...

NEW YORK - General Electric Co. said it’s trending toward the bottom end of its profit forecast this year as the manufacturer faces ongoing...
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