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 …
NEW YORK — 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 lagging …
GE’s stock fell as much as 8.2 percent to $17.46. It was last down 5.3 percent in late afternoon trade, adding to its 7.2 percent drop on Monday, which set the shares up for their worst two-day losing streak since the financial crisis in 2009.
During 2017, shares of aircraft manufacturing giant Boeing (NYSE: BA) surged 90%, lifted by rising free cash flow and a resurgence in aircraft orders following a downturn in 2016. This made it easily the biggest gainer in the Dow. At the …
Stop me if you’ve heard this one before: General Electric Co. is falling today. After plunging 6.3 percent Monday, the stock slid 1.9 percent Tuesday for the biggest two-day drop since the recession. It was down another 1 percent early …
NEW YORK (CNNMoney) - Warren Buffett has had enough of GE. 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 …
... reports say GE is considering selling the lighting business, which could fetch about $500 million. While GE credits Immelt with improving its financial performance and its focus, GE's stock price has trailed the market with him as CEO. …
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 …