NEW YORK (AP) — General Electric's Jeff Immelt is stepping down after 16 years as CEO of the iconic conglomerate, having succeeded in repositioning the company as a producer of large industrial products but failing to fully revive its …
KSL1mon
Shares of the industrial conglomerate have frustrated investors, falling 11.6% year to date, while falling 6.7% over the past year. This compares with an 8.6% year-to-date rise in the S&P 500 index, and its 15.8% increase in the past twelve …
MSN1mon
With shares of General Electric Company (NYSE:GE) trading at around $23.29, is GE an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework: …
While GE credits Immelt with improving its financial performance and its focus, GE’s stock price has trailed the market with him as CEO. The stock was worth a bit less than $40 on Immelt’s first day in 2001, with the U.S. in the middle of a …
WTOP1mon