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 …
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Shares of the company are trading at $12.73 a bit higher than the 50 day moving average which is $12.00 and marginally over the 200 day moving average of $11.82. The 50 day moving average was up $0.73 or +6.04% and the 200 day …
General Electric Co.'s shares dropped sharply on Friday after it posted a 59-percent decline in second-quarter profit and put off an expected cut to 2018 earnings targets until November, when new CEO John Flannery will be four months into his …
When then 45-year-old Jeff Immelt was named CEO of General Electric (ge) in 2001, investors couldn't help but wonder how he would measure up against the "Michael Jordan of American business execs," his predecessor Jack Welch. It's …
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Buffett's investment company, Berkshire Hathaway, dropped its remaining 10.6 million shares of General Electric sometime in the second quarter, according to a regulatory filing. As of June, Buffett's investment had been worth $315 million. The …