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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...
A SHORT-SELLER has accused General Electric Co. of masking financial problems. The company has vehemently denied the allegations, however, the company's stock fell up to 13% Thursday in its biggest intraday decline since late August 2015. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

GE sinks most since 2015 as Madoff accuser excoriates accounting

NEW YORK – General Electric Co. fell the most in nearly four years after a prominent whistle-blower working with a short-seller accused the company...
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 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...
BOTH THE S&P 500 Index and Dow Jones Industrial Average finished Monday near session lows. / BLOOMBERG NEWS FILE PHOTO/RALPH ORLOWSKI

U.S. stocks decline on tech woes; Dollar rallies

NEW YORK - United States stocks started the week on a sour note, with tech shares tumbling as Apple Inc. faltered on signs of weak...
GENERAL ELECTRIC's stock fell toward its recession-era low and the company’s bonds fell sharply after an influential analyst at JP Morgan slashed his price target price. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

GE tumbles back toward 2009 bear-market low on JPMorgan warning

NEW YORK - General Electric Co. plunged toward its recession-era low and the company’s bonds fell sharply after an influential analyst slashed his price...
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...
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