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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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GE has announced a lot of significant plans today. Indeed, the company is engaging in activity that will mold the company into something new. Well, actually into something old. You see, GE was founded by Thomas Edison, a man with a …
BUCYRUS - GE posted impressive financial numbers for the fourth quarter of last year, but they failed to impress investors on Wall Street. General Electric's stock attained a 52-week high late last year of $31.28, but the stock has only sagged …
General Electric Co.’s stock fell 2.18 percent yesterday after the Boston-based industrial giant reported fourth-quarter revenue that continued to be challenged by an oil market slump and missed Wall Street forecasts.
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 …
(Reuters) - General Electric Co Chief Executive Jeff Immelt has had a bumpy ride for the past seven years, navigating economic turbulence, swapping in and out of businesses and struggling to energize his sluggish stock. Against that …
General Electric Co. (NYSE: GE) remains a conglomerate challenged by market pundits almost daily. The reference to the stock’s fall from grace cannot be ignored, even if many of the issues of the past do not line up with today’s situation as …
Optimism that GE Capital will resume paying a dividend to parent company General Electric is pushing the stock higher on Wednesday. GE's stock (NYSE: GE) has suffered in recent years in part because of concern over the company's …