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GE's stock soars after CEO Flannery replaced, to take a near $23 billion impairment chargeShares of General Electric Co. |phrase background-info='BRIEFING-BOOK' name='ge' significance='MWLEGACY' type='COMPANY' vrtysux='COMPANY|ge'||/phrase| jumped 8% in premarket trade Monday, after the industrial conglomerate said its chief executive officer, John Flannery, was being replaced after a little over a year in the role. Flannery became CEO in June 2017. The company names H. Lawrence Culp Jr. as CEO and and chairman, effective immediately. Culp had been CEO of Danaher Corp. from 2000 to 2014. GE also named Thomas Horton, who was CEO of American Airlines from 2011 to 2013 as lead director. The company said because of weaker performance of its GE Power business, it will fall short of 2018 free cash flow and eanrings per share guidance, and expects to take a non-cash goodwill impairment charge of close to $23 billion. The stock has tumbled 53.3% over the past 12 months through Friday, while the Dow Jones Industrial Average |phrase background-info='BRIEFING-BOOK' name='djia' significance='MWLEGACY' type='COMPANY' vrtysux='COMPANY|djia'||/phrase| has rallied 18.1% Thank you for selling me your shares on Friday, whoever you are! Made 10% over a weekend. F ya! blockchain protection for your files or intellectual property with DeepOnionX DeepOnion $ONION DeepOnionx
Source: MarketWatch - 🏆 3. / 97 Read more »
Daimler to buy $23 billion of battery cells for electric car driveDaimler will buy battery cells worth more than 20 billion euros ($23 billion) by... Cuz the Volt did so well. elon isn’t walking thru their door. How many car battery this twenty something Billion can buy? Not that many ha. Tesla put in US$B6 in Gagafactory for a million cars. MB wants around 4 millions?
Source: Reuters - 🏆 2. / 97 Read more »
General Electric replaces CEO with outsider Culp, shares soarGeneral Electric Co ousted Chief Executive Officer John Flannery in a surprise m... 🎵🥁🥁🥁another one bites the dust 🎶 Pharol ticker PHR PSI20 (Portugal) The best invest,eat you van make now in Europe. STRONG BUY 0,173 ALL IN. All you have to know about:
Source: Reuters - 🏆 2. / 97 Read more »
General Electric replaces CEO with outsider Culp, shares soarGeneral Electric Co ousted Chief Executive Officer John Flannery in a surprise m...
Source: Reuters - 🏆 2. / 97 Read more »