Tag: Larry Culp
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...
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 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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