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Storied General Electric to split into 3 public companies

The storied American company General Electric will divide itself into three public companies focused on aviation, health care and energy. The company, founded in 1892,...

General Electric’s 3Q adjusted profit surprises Wall Street

General Electric narrowed its losses in its third quarter as it trimmed expenses and managed to post an adjusted profit that surprised Wall Street. GE...
FORMER CHAIRMAN AND CEO of General Electric Jack Welch has died at the age of 84. / AP FILE PHOTO/RICHAR DREW

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...
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 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...
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