That was below GE's closing share price of $24.50 on Thursday. GE also plans to sell at least $12 billion worth of common stock to the public. Like the Goldman Sachs deal, both sides will benefit, said Morningstar analyst Justin Fuller. "I …
FAIRFIELD, Conn. — General Electric Co. on Friday set a 3-for-1 stock split and raised its quarterly dividend 17%, signaling strong confidence about growth and exceeding Wall Street's expectations. The company, which makes an …
BOSTON (Reuters) - General Electric Co <GE.N> said on Thursday it will stop paying its senior executives dividends on stock awards that have not yet vested, after investors urged the company to end the long-held perk. The move, which …
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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Shares of General Electric Company (NYSE:GE) rose more than 2% in Monday’s shortened trading session after the industrial conglomerate announced that its closed its mega-deal with Houston-based Baker Hughes Inc. (NYSE:BHI). …
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 …
Its' been a long, tough slog for owners of General Electric stock. The stock for one of the world's largest conglomerates was trading in the neighborhood of almost $42 in the pre-recession days of October 2007. The company's stock price, …
In this Monday, April 4, 2016, file photo, General Electric CEO Jeff Immelt speaks during a news conference in Boston, held to unveil more details about GE's move to the city, pledging to spend $50 million on a series of initiatives in …
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 …