NEW YORK (Reuters) - Concern among investors that General Electric Co 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 Wednesday. …
General Electric's third-quarter profit missed Wall Street estimates by a wide margin and the company slashed its earnings forecast, sending its stock down. Fred Katayama reports. General Electric's third-quarter profit dropped and missed …
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 …
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General Electric on Friday reported a steep drop in profit, missing consensus estimates by 20 cents per share and sending its stock sharply lower in premarket trading. GE reported adjusted profit of 29 cents a share compared with the 49 …
WASHINGTON (AP) — General Electric Co. was long trusted as the gold standard of safe investing. Retirees loved its dividend — which hadn’t been cut since the Great Depression — and cautious stock pickers admired its arsenal of …
The company also said it will buy back as much as $50 billion of its own stock, a move that GE says will offset the financial hit it expects to record in the first quarter as a result of the reorganization. GE shares were up 7.5 per cent to …
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After what must have seemed like an eternity of consolidation for General Electric Company (NYSE: GE) traders, the stock seems to have finally made its first definitive move in over a month. The bad news for GE bulls is that the move is to the …
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 …
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 stock price. …