This sucker is in for a big movement soon.
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General Electric Retirees Contemplate Selling GE StockMany General Electric (GE) retirees depend on the company for their pension and the stock for their portfolio. This works great when the company is healthy and the stock performs, but the flip side is not pretty. probably a little late don't you think? What in the name of diversification is going on? Start infrastructure reboot now.
Source: Forbes - 🏆 394. / 53 Read more »
General Electric replaces CEO with outsider, shares soarGeneral Electric Co ousted Chief Executive Officer John Flannery in a surprise m... TV 😂 TV TV John inherited the work of Jeff immelt it will be interesting to see how Larry transform this conglomerate around if it’s possible within less than 14 months. John was a good guy!
Source: Reuters - 🏆 2. / 97 Read more »
GE Capital to sell $1.5 billion healthcare equipment financing businessGeneral Electric Co's finance arm GE Capital said it is selling its healthc... Bill Wilson is rolling over... Is there anything left to GE? Is GE bankrupt?
Source: Reuters - 🏆 2. / 97 Read more »
GE unit wins $450 million U.S. defense contract: PentagonGE Medical Systems Information Technologies Inc, a unit of General Electric Co, ... Oh no parts need to be replaced every six months. r_m_mad75 Are my fellow government workers, working 👀💁🏾♂️
Source: Reuters - 🏆 2. / 97 Read more »
GE and Baker Hughes amend agreements, including reduced BHGE payments to GE over timeBaker Hughes, a GE company and General Electric Co. announced Tuesday a number of long-term agreements, including a reduction in Baker Hughes payments to GE, a collaboration on critical rotating equipment and creating a joint venture to provide aeroderivative engine services. GE's stock rallied 1.6% in premarket trade, after tumbling 12% the past two sessions to close Monday at a 9 1/2-year low. Baker Hughes shares dropped 2.7% premarket after falling 12% the previous two sessions. The rotating equipment deal will include aeroderivative and heavy-duty gas turbine technology, while the JV will serve the oil and gas and industrial markets. GE has recently had issues with an H-frame gas turbine blade, which forced a shutdown of an Exelon Corp. facility. Separately, Baker Hughes will have access to GE Digital software and technology, the companies have agreed to maintain current operations and pricing levels within Baker Hughes' Control product line, GE will transfer certain U.K. pension liabilities to Baker Hughes, and the intercompany services fee that Baker Hughes pays to GE will be reduced over time beginning next year. GE's stock has plunged 36% over the past three months through Monday and Baker Hughes shares have tumbled 31%, while the S&P 500 has lost 3.4%.
Source: MarketWatch - 🏆 3. / 97 Read more »
S&P downgrades debt-riddled GE and GE CapitalNew General Electric boss Larry Culp just got a fresh reminder of the debt-riddled balance sheet he's inheriting.
Source: CNN - 🏆 4. / 95 Read more »
Culp will have to move quickly to combat 'unsettling' change at GE, says former GE executiveGeneral Electric's new CEO, Lawrence Culp, will have to move quickly to turn things around amid 'unsettling' change at the company, says former GE executive Bob Nardelli.
Source: CNBC - 🏆 12. / 72 Read more »
General Electric's new CEO could rake in $300 million -- if he can turn GE aroundCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Source: CNN - 🏆 4. / 95 Read more »
The CEO behind General Electric's health unit on cutting ties from struggling parent GEMurphy, 55, is probably one of the fastest rising stars at GE that no one's ever heard of. He's quickly climbed the ranks and is now tasked with spinning out GE Healthcare into a separate company, which doesn't come without some risks.
Source: CNBC - 🏆 12. / 72 Read more »
GE spins off digital assets to form internet of things companyGeneral Electric announced plans Thursday spin off its GE Digital business and establish an independent Internet of Things company, built around several GE Digital technologies. How ironic $6.66 ---------------- $GE low of day on Dec 11, 2018 666 ------------------ $SPX low of day print on Monday March 9, 2009, the day the financial crisis ended and a new bull market began Interesting branding play ...dueto... Excessively watching porn?...
Source: CNBC - 🏆 12. / 72 Read more »