Tag: General Electric Co.
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...
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...
Ethisphere Institute names Hasbro among most ethical companies in world
PAWTUCKET – Hasbro Inc. was named by Ethisphere Institute as one of the 2018 World’s Most Ethical Companies. The Pawtucket-headquartered toy company has made...
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...
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