General Electric Co. 's Jeff Immelt is stepping down after 16 years as chief executive of the giant conglomerate, having succeeded in repositioning the company as a producer of large industrial products but failed to fully revive its lagging …
Dear JS: Last June, Jeff "Big Melt" Immelt, who took control of General Electric (GE-$18.47) from the iconic Jack Welch just before 9/11, announced he'd be stepping down as CEO. Good! He's been replaced by John Flannery, a 30-year GE …
NewsOK4mon
When recently retired Chief Executive Jeff Immelt took over at the helm of GE in September 2001, the conglomerate was the most valuable U.S. publicly traded company, giving it outsized influence on the stock market. In the years since, its …
1. GE’s downfall: Almost everything is going up on Wall Street these days. But not General Electric. It’s stunning to see GE, one of America’s most storied companies, left far behind the roaring stock market. While the Dow was cruising …
Facing hurdles from poor cash flows to slumping power-generation markets, GE is by far the biggest loser on the Dow ... By 11 am Tuesday, the stock was off another 1 percent to $22.05. The maker of jet engines and gas turbines reported …
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 …
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 …
Last summer, General Electric (NYSE: GE) began a thorough review of its insurance obligations -- a legacy of its once-massive GE Capital business -- because of higher-than-expected claims on an old long-term-care reinsurance portfolio. …
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 …