Friday, August 19, 2022

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Richard Clough

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GENERAL ELECTRIC CO. has hired Carolina Dybeck Happe as its next chief financial officer as a part of its turn-around efforts./ BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

GE taps Maersk executive for CFO post as Culp extends revamp

NEW YORK – General Electric Co. hired Carolina Dybeck Happe as its next chief financial officer, giving top boss Larry Culp a new partner...
GENERAL ELECTRIC CO. reported a loss of $9.4 billion in the third quarter, an improvement from the company's previous quarters. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

GE soars as another boost to cash forecast buoys turnaround

NEW YORK – General Electric Co. surged after the manufacturer raised its 2019 cash-flow forecast for the second straight quarter, giving CEO Larry Culp’s...
GENERAL ELECTRIC is freezing pension benefits for more than 20,000 United States employees. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

GE freezes pension benefits to cut deficit by $8B

NEW YORK – General Electric Co. took another step to cut the debt hampering its turnaround, freezing pension benefits for more than 20,000 United...
ONE YEAR into GE's CEO Larry Culp's tenure with the company, GE's stock is trading 19% lower than when he started, despite his turnaround measures. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

GE’s challenges linger as superstar CEO reaches one-year mark

NEW YORK – A year ago, General Electric Co.’s investors cheered the appointment of Larry Culp as the right move to fix the broken...
RAYTHEON and United Technologies announced plans to merge over the weekend. / BLOOMBERG NEWS FILE PHOTO/ALASTAIR MILLER

CEO-to-CEO call paved way for United Technologies/Raytheon blockbuster

NEW YORK – When Greg Hayes took the reins at United Technologies Corp. in late 2014, the newly minted CEO said he would pursue...
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...

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