general electric
GE is slashing its business, and its dividend
General Electric will focus on aviation, power and health care, radically shrinking the most famous US conglomerate into a smaller company betting on industries where it has strong technology and...
General Electric misses big on earnings
General Electric Co.’s third-quarter profit missed Wall Street estimates by a wide margin Friday and the industrial conglomerate slashed its earnings forecast, sending the year’s worst-performing Dow stock down another...
GE names partner at Nelson Peltz fund to its board
General Electric said on Monday it had elected Ed Garden, the founding partner and chief investment officer of activist investment firm Trian Fund Management, to its board of directors. Garden...
GE's new CEO gets ready to swing the ax
General Electric is making plans to significantly reduce corporate staff in an effort to cut spending and boost profits under its new chief executive, and the company already has halted...
GE chief among finalists in Uber CEO search: sources
DETROIT — Former General Electric Chief Executive Jeffrey Immelt is among the finalists being considered to run ride-hailing company Uber, but there’s no clear consensus among its board about a...
Meg Whitman says she won't be Uber's next CEO
As Uber searches for its next chief executive, Hewlett Packard Enterprise Chief Executive Meg Whitman wants to make clear that it won’t be her. Whitman’s name was floated by several...
GE's 'woman scientist' ad is just plain creepy
Mildred Dresselhaus, who died in February at 86, was an amazing woman. An accomplished physicist who won just about every scientific award short of the Nobel Prize, Dresselhaus was by...
GE names John Flannery as new CEO
Jeff Immelt, who over his 16 years as chief executive of General Electric produced the worst stock performance of any Dow 30 component, said Monday he will step down from...
Disney CEO becomes second exec to bail on Trump
Disney CEO Bob Iger has also chosen to cut ties with the White House Advisory Council — making him the second chief executive to bail on President Trump after Trump...
General Electric inks deal to put logo on Boston Celtics jerseys
General Electric is going green — inking an estimated $7 million deal with its hometown Boston Celtics to have one of the first corporate logos on an NBA team jersey....
Blackstone looks to buy another division of GE
Stephen Schwarzman’s Blackstone Group is in the running to buy its second major division from GE in roughly two years, The Post has learned. Blackstone is in the final round...
GE Capital is no longer too big to fail
Lender GE Capital on Wednesday became the first firm to lose its designation as “systemically important,” a label born of the financial crisis that the US government gives to institutions...
GE chief exposes Bernie's lies about 'corporate greed'
We at General Electric were interested to read comments Monday by Sen. Bernie Sanders, who claimed that GE is among the companies that are supposedly “destroying the moral fabric” of...
Jack Welch nixed Apple deal, but helped Tim Cook's comp
Last week Bob Wright released his new corporate tell-all, “The Wright Stuff.” The bombshell revelation from Wright’s book was that then-GE Chairman Jack Welch turned down an offer to acquire...
GE, AIG join revolt against 'too-big-to-fail' label
No one wants to wear the “too big to fail” label. Just one day after MetLife declared victory in its fight to remove the designation, General Electric’s financing arm asked...
Jack Welch could have bought Apple for a paltry $2B: tell-all
Jack Welch — the former General Electric boss who bought and sold hundreds of companies and laid off thousands of workers in his relentless pursuit of growth — passed on...
China's Haier buying GE's appliance unit for $5.4B
BEIJING - Haier Group, the world's biggest home appliance maker, is buying General Electric Co.'s appliance business for $5.4 billion to expand its U.S. and global presence. The acquisition announced...
GE snubs Cuomo's New York bid for Boston
Gov. Cuomo has failed in his attempt to entice General Electric to move its corporate headquarters — and 800 jobs — to New York from Connecticut. The company announced Wednesday...
Trust funder didn't actually have the $3M she left to dozens in will
When a big-spending Manhattan woman who inherited her father’s fortune died last summer, she showered dozens of employees, friends and mere acquaintances with a total of $3 million in gifts....
GE emerges as key player in Halliburton buyout deal
General Electric could be key to Halliburton winning regulatory approval for its $35 billion buyout of rival oil-service company Baker Hughes. The Post reported Thursday that the Department of Justice...