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 …
KESQ6mon
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 …
It has been a tough week for two major American businesses: General Electric and United Airlines. GE saw its shares drop around 8 percent on Thursday after third-quarter earnings came out. The stock price of United Airlines also dropped …
WBUR4mon
General Electric (NYSE: GE) stock skid Friday to its lowest level in 19 months after the company saw a 12 percent drop in revenue from a year earlier. It was GE's final quarterly earnings report before John Flannery replaces Jeff Immelt …
GE's stock has dropped to a two-year low after a J.P. Morgan analyst expressed concerns about growth. The fall has worsened GE's market slump, triggered by lasting problems with its Predix software. Predix is supposed to be a …
NEW YORK (Reuters) - Two weeks after General Electric Co's <GE.N> new chief executive vowed to shed $20 billion of assets, a shareholder has sued the company for failing to divulge its problems sooner and posting quarterly results that …
To emphasize that point, just 120 locomotives were produced in the second quarter by GE Transportation ... Shares of the company's stock took their deepest plunge in almost two years Friday after the earnings report. The stock was off …
Goerie7mon
New York: General Electric Co’s new boss has barely uttered a word in public during his first two months on the job. But he’s already sending signals that his tenure could bring one of the most sweeping makeovers in the company’s 125 …
General Electric Company (NYSE:GE) stock seemed as a compelling buy to me a year and a half ago, largely on the basis of its then-relatively-new Predix software, an Internet of Things (IoT) platform specifically built for big business. …