GE: Not Bringing Good Things to Investors

GE Hits New Low

General Electric Co.’s shares continued their long slide Monday even as new Chief Executive Larry Culp tried to put the market at ease about the direction of the conglomerate and its troubled power division. The stock fell as much as 10% Monday before recovering some of its loss to end at $7.99...

By | November, 15, 2018|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

G.E. Brings Good Things to Life

New Version of G.E.

General Electric Co. unveiled plans Tuesday to shed two big business units, the culmination of a drastic effort to revitalize what once was one of the U.S.’s largest and most-valuable companies. Chief Executive John Flannery, whose first year on the job saw a sharp decline in GE’s stock price, said the company would spin off its health-care division and sell its ownership stake in oil-services company Baker Hughes...

Dow Says Goodbye to GE

GE Loses Spot on Dow

For the first time in 110 years, General Electric will not be a member of the elite Dow Jones Industrial Average. S&P Dow Jones Indices announced on Tuesday that the iconic maker of light bulbs and jet engines will be replaced in the 30-stock index by Walgreens Boots Alliance...

By | June, 20, 2018|Categories: Articles, Featured|Tags: , , , , , |0 Comments

GENERAL ELECTRIC’S STRUGGLES CONTINUE

More Bad News

General Electric Co. said securities regulators have opened a probe into the company’s accounting practices, a new challenge to the conglomerate’s efforts to untangle its problems and turn around its struggling business. The Securities and Exchange Commission is investigating how the company recognized revenue from long-term service contracts...

By | January, 25, 2018|Categories: Articles, Featured|Tags: , , , , , |0 Comments

GENERAL ELECTRIC EXPLORES POTENTIAL BREAKUP

Time to Break Up?

General Electric, once America's most successful conglomerate, could break itself apart. A breakup would represent a further dismantling of an already-shrinking empire that still makes everything from light bulbs and jet engines to MRI machines and power plants...

By | January, 17, 2018|Categories: Articles, Featured|Tags: , , , , , , , , , , |0 Comments