Richard Clough
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...
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 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...
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...
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...
GE’s $31b hangover: Immelt leaves behind unfunded tab
NEW YORK - It’s a problem that Jeffrey Immelt largely ignored as he tried to appease General Electric Co.’s most vocal shareholders.
But it might...
GE’s Immelt steps down, Flannery moves up amid Trian squeeze
NEW YORK - Jeffrey Immelt is stepping down as chairman and chief executive of General Electric Co., ending a 16-year tenure in which he...
GE’s Immelt, on `hot seat,’ sees hurdles to Trian profit goal
NEW YORK - General Electric Co. Chief Executive Officer Jeffrey R. Immelt, under pressure from activist investor Trian Fund Management to boost profit, is...
GE deepens Silicon Valley push with $915M cloud purchase
NEW YORK - General Electric Co. agreed to buy ServiceMax, a cloud-based software company, for $915 million to expand its digital operations and enhance...
GE boosts renewable-energy unit with $1.65B wind deal
NEW YORK - General Electric Co. plans to buy a maker of wind-turbine blades for $1.65 billion, bolstering the renewable-energy business that has become...
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