general electric

General Electric stock soars as travel demand to boost business

The Boston-based conglomerate's shares have benefited from strong aerospace demand and the recent spinoff of its healthcare business, even as its renewable energy unit has struggled.

GE reveals names of three companies after historic split

GE announced in November that it planned to split into three companies focused on aviation, health care and energy.

GE shares slump as supply chain, inflation woes threaten outlook

General Electric on Tuesday said fresh COVID-19-related lockdowns in China as well as the war in Ukraine have exacerbated supply chain disruptions and inflationary pressure, putting its full-year profit outlook at risk...

General Electric should pay $22B to clean up polluted Hudson, group says

General Electric should foot the bill for the estimated $22 billion it would cost to rehabilitate a 200-mile long stretch of the Hudson River due to the company's decades-long contamination...

Over 150,000 GE refrigerators recalled over fall hazard

The recall includes six models of the GE-brand French Door Refrigerators with bottom freezers in fingerprint resistant stainless steel

GE says it will split into 3 public companies, stock surges

The split marks the end of the 129-year-old conglomerate that was once the most valuable US corporation and a global symbol of American business power.

Ex-GE boss Jeff Immelt bares his singed soul in ‘Hot Seat’

In “Hot Seat,” Jeff Immelt’s highly readable yet flawed account of his controversial tenure as CEO of General Electric, he wastes little time letting the reader know he was handed...

GE’s Immelt-down: Harsh light on in-the-dark CEO’s failure

In March of 2017, Jeff Immelt was in his 16th year as CEO of General Electric and — at least in his head — he was remaking the iconic conglomerate...

New GE app lets travelers check how often airports are cleaned

Ever been in an airport bathroom and wondered when it was last disinfected? Now there's an app for that. General Electric has a new app that lets travelers keep tabs...

SEC tells GE it is considering a civil action tied to accounting probe

General Electric said Tuesday it received a Wells notice, saying that the Securities and Exchange Commission staff is considering recommending a civil action against the company for possible violations of...

New York GE workers beg Trump to save jobs from outsourcing

Union workers in upstate New York are pleading with President Trump to help prevent layoffs by requiring the Tennessee Valley Authority to build six massive new electricity generators in the...

How a power-hungry CEO drained the light out of General Electric

Jeff Bornstein could not control his emotions. “I love this company,” began the tough-talking, hard-driving chief financial officer of one of the world’s most storied corporations. Then he broke down...

General Electric planning to cut 13,000 jobs in aviation unit

General Electric said on Monday it was planning to cut the global workforce of its aviation unit this year by as much as 25 percent, or up to 13,000 jobs,...

Trump uses Defense Production Act to order GE, Philips to make ventilators

President Trump on Thursday announced that he had used the Defense Production Act to order US companies to manufacture and deliver more urgently needed ventilators to fight the coronavirus pandemic....

Ford to build 50,000 ventilators to help coronavirus patients

Ford plans to produce 50,000 ventilators within 100 days to help meet the demand for the machines critical to fighting the coronavirus. Through a partnership with GE Healthcare, the automaker...

General Electric's aviation unit to cut 10 percent of US employees

General Electric's aviation unit plans to cut its total US workforce by about 10 percent, Chief Executive Officer Larry Culp said on Monday, as airlines delay purchases amid the coronavirus...

Jack Welch, longtime General Electric chief, dead at 84

Jack Welch, the hard-driving executive who turned General Electric into the world's most valuable company in two decades at the helm, has died.

GE to freeze, pre-pay pensions to save up to $8 billion

General Electric said on Monday it would freeze pensions for about 20,000 salaried US employees and make other related moves to help the ailing conglomerate cut debt and reduce its...

General Electric shares slide after another damning report

General Electric shares tumbled after a major credit rating agency echoed concerns about the business raised last week by Bernie Madoff whistleblower Harry Markopolos. Fitch Ratings issued an insurance industry...