GE stock has plummeted 44%, making it the Dow's worst performing stock. GE has now announced it is cutting 12,000 jobs, mostly in the company's power division, which will lose about 18% of its workforce. I've personally experienced …
Last month, Flannery slashed the company’s dividend by half, the second time GE did so since the Great Depression, CNN Money reported. GE’s stock price has …
John Flannery, GE’s new chief executive officer, aims to cut $1 billion of costs from the power division next year as part of a sweeping plan to reshape the manufacturing icon and reverse a stock slump that’s the worst in the Dow Jones …
Dear Mr. Berko: I bought 250 shares of General Electric at $27 over four years ago, and I'm tired of owning it. Please tell me what's wrong. Its performance has been so disappointing that I could cry. HS, Joliet, Ill. Dear HS: General Electric's …
GE Power said the 12,000 job cuts announced Thursday will affect both …
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 …
The company has said it will shed assets worth more than $20 billion in the next couple of years. It's been paring businesses for over a decade now. GE's stock
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Investors have criticized GE for overspending, and its financial standing has suffered. The company’s stock has plunged more than 40 percent this year, the worst performance, by far, on the Dow Jones industrial average. Last month, GE
It’s the latest move by new CEO John Flannery to cut costs and turn things around at the struggling conglomerate, whose stock plunged 44 percent this year. GE Power is the company’s largest division, by both revenue and employee …