Tag: General Electric Co.
Jack Welch, the GE chief who became a superstar, has died
BOSTON (AP) — Jack Welch, who transformed General Electric Co. into a highly profitable multinational conglomerate and parlayed his legendary business acumen into a...
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...
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...
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...
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...
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...
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...
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...
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...
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...