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 …
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 as CEO …
General Electric shares mysteriously plummeted 21% on Monday in the midst of the unprecedented 1,089-point plunge on the Dow. It was a stunning moment for GE, one of America's most iconic companies. An astonishing $53 billion of its …
Despite the improvement in oil prices last month, though, analysts weren't yet sure what to make of the company created by merging GE's oil and gas business with Baker Hughes. Evercore ISI, on the one hand, thought that two recent …
In the FDA’s draft environmental assessment on GE salmon, published in May 2012, the agency said did not expect AquAdvantage to impact wild salmon stock if the company properly followed its proposed procedures. The agency has …
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 …
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(Newser) – GE profits rose 15% in the fourth quarter as overseas demand for jet engines and power turbines more than offset the weakness in the US economy, the company reported today. “They've really been a beneficiary of the whole …
In a few rare cases it actually matters less what the company does, and is more important to know how the company plans to spend their money. This is likely to be the storyline for General Electric Company (NYSE:GE) in 2013, as the …
General Electric, citing “recent dramatic developments in the financial markets,” said Thursday that it cut its third-quarter and full year forecast and halted its stock-buyback plans ... reduce the leveraged at its GE Capital unit, although it ...