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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...
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. reported a $22.9 billion net loss for the third quarter. The company said this was largely due to a $22 billion non-cash goodwill impairment related to GE Power. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

GE posts major loss, slashes dividend, revamps power as new CEO...

NEW YORK - General Electric Co. slashed its quarterly dividend to just a penny a share and outlined a reorganization of its troubled power...
LAWRENCE "LARRY" CULP has been appointed CEO of General Electric Co., after the company parted ways with former CEO John Flannery. / COURTESY GENERAL ELECTRIC CO.

GE ousts Flannery after slump, names Lawrence Culp CEO

NEW YORK - General Electric Co. soared after ousting John Flannery less than a year into the job of CEO, and naming a renowned...
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