Last summer, General Electric (NYSE: GE) began a thorough review of its insurance obligations -- a legacy of its once-massive GE Capital business -- because of higher-than-expected claims on an old long-term-care reinsurance portfolio. …
(Reuters) - General Electric Co's shares drifted lower for a second straight day on Tuesday after investors wondered if a massive overhaul by new Chief Executive John Flannery to save billions and make the conglomerate smaller was …
The downward spiral in General Electric (NYSE:GE) stock has nothing to do with a change at the top. John Flannery took over General Electric from ousted CEO Jeff Immelt in August. Since then, GE stock has done exactly what it did prior …
The last quarter of the year was particularly difficult when GE stock lost nearly 28% in value, ending 2017 down a whopping 44.8%. Dismal numbers, top management churn, a dividend cut, a major portfolio restructuring in the works -- GE's …
General Electric Co. 's Jeff Immelt is stepping down after 16 years as chief executive of the giant conglomerate, having succeeded in repositioning the company as a producer of large industrial products but failed to fully revive its lagging …
NEW YORK (Reuters) - Concern among investors that General Electric Co (GE.N) may not generate enough cash this year to fully cover its dividend and other promised spending sent its stock to its lowest level in more than four years on …
Dear JS: Last June, Jeff "Big Melt" Immelt, who took control of General Electric (GE-$18.47) from the iconic Jack Welch just before 9/11, announced he'd be stepping down as CEO. Good! He's been replaced by John Flannery, a 30-year GE …
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Shares of General Electric (NYSE: GE) have plummeted by more than 40% this year, as the industrial conglomerate has slashed its earnings guidance and cut its dividend in half. Plenty of ink has been spilled regarding various management …