bethcomstock Three top executives left GE. Something needs to change ASAP
bethcomstock Not 'waiting for permission to try something new' in a company like GE is how you build myths in the media. As Chief Marketing and Ccial, the stock went from $36 to $12! (2008-18) when she left. She and Immelt helped shrink the company. At least Jack Welsh's myth was deserved.
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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 »
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 »
GE brings back former executive to troubled power businessGeneral Electric Co is bringing back former vice chairman John Rice to the congl... Mistake!!!
Source: Reuters - 🏆 2. / 97 Read more »
In GE Probe, Ex-Staffers Say Insurance Risks Were IgnoredFormer General Electric employees said federal investigators are questioning them about intricate details in a legacy insurance business that led to accounting problems at the conglomerate in the past year. General Electric....the poster child of Obamanomics Yurp, They over leveraged BIG time. Mind boggling that somehow GE and Sears could be gone. You ask our grandparents what 2 companies would always exist they’d be on it
Source: WSJ - 🏆 98. / 63 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 »