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General Electric stock bounces back after fraud accusations
Light bulb maker General Electric bounced back from fraud allegations Friday after CEO Larry Culp bought stock and Wall Street analysts stood up for the company. Culp, who took over...
Madoff whistleblower: Red flags at General Electric is 'more serious' than Enron
The financial analyst famous for blowing the whistle on Ponzi King Bernard Madoff has now set his sights on General Electric. Harry Markopolos, who repeatedly rang alarm bells about Madoff...
General Electric posts loss due to Boeing, CFO to leave
General Electric raised its 2019 forecast on Wednesday, helped by improvement in its industrial businesses, even as its latest earnings dipped into the red after two profitable quarters, sending shares...
GE shares surge after JPMorgan analyst's upgrade
A JPMorgan analyst who has long held a negative outlook on General Electric shares as they have tumbled upgraded his view on the conglomerate’s stock on Thursday. GE shares surged...
GE shares tumble after Goldman Sachs sounds alarm
The lights are flickering again at General Electric, whose shares on Friday tumbled near their lowest levels since the financial crisis over fresh alarm bells raised by Goldman Sachs. Analysts...
GE to sell $4 billion stake in Baker Hughes oilfield services
General Electric on Tuesday unveiled a plan to raise about $4 billion by accelerating a proposed sale of a stake in oilfield services provider Baker Hughes, its latest move to...
General Electric stock pops on news of CEO's exit
When General Electric Chief Executive John Flannery said this summer that “everything’s on the table” to revitalize the company, little did he know his job would be on the list....
General Electric CEO abruptly resigns just over a year after taking job
General Electric Co. chief executive officer John Flannery abruptly stepped down Monday just over a year after taking the role, and the company announced a $23 billion charge related to...
General Electric ignores recommendations to suspend dividend
General Electric on Friday said it will maintain its quarterly dividend, despite calls by some analysts saying the company should suspend the payout. The next dividend of 12 cents a...
GE to exit health care and oil services businesses
General Electric said Tuesday it will spin off its health care business and divest its stake in oil services company Baker Hughes, leaving the once-sprawling conglomerate focused on jet engines,...
Goldman Sachs recommends GE suspend dividend
General Electric ended a bad week on an ugly note when Goldman Sachs recommended Friday that the Thomas Edison-founded company suspend its dividend for the first time in 119 years....
GE scraps bonuses for top execs for first time in 126 years
General Electric last year eliminated bonuses for its senior managers for the first time in its 126-year history, saving millions of dollars after losing money in 2017, the industrial conglomerate...
8 GE board members are heading for the door
How many General Electric board members does it take to screw in a lightbulb? Well, about eight less than currently configured. The struggling conglomerate said Monday that eight of the...
General Electric to restate earnings amid SEC investigation
General Electric — whose former CEO Jeff Immelt’s legacy is in tatters over a slew of scandals that have tanked the company’s stock — will restate its earnings downward for...
Shareholder sues GE for hiding liabilities, SEC probe
General Electric was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a Securities and Exchange Commission probe, costing shareholders tens of billions...
New tax law’s rising approval, GE’s rotten bet on Obamanomics and other comments
Political scribe: GOP Tax Reform Is Paying Dividends At the time it passed, polls suggested the Republican tax plan was the most unpopular bill in decades. Today, says Aaron Blake...
SEC probing $15B hit taken by GE in fourth quarter
General Electric is being investigated by federal regulators for a $15 billion hit it took to cover miscalculations made by an insurance unit. The company revealed last week that it...
Nelson Peltz hopes he can turn things around for GE
Nelson Peltz is hoping his well-worn activist-investor playbook will bring good things to life at GE. Peltz’s Trian Fund Management, which has seen its investment in the troubled General Electric...
This county voted for Trump and welcomes hundreds of refugees
Erie, Pa . — After taking his oath of citizenship late last year, Fidel Bahati walked straight out of the Erie federal courthouse and into the offices of the Army...
GE is axing 12,000 workers in its power business
General Electric is axing 12,000 jobs at its global power business, the struggling industrial conglomerate’s latest effort to shrink itself into a more focused company. The US company launched the...