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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 »
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 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 »
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 »
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 seeks to raise $4 billion with sale of Baker Hughes stakeGeneral Electric Co on Tuesday unveiled a plan to raise about $4 billion by acce... quem manda cair em conversa de advisor de banco e comprar porcaria Justice comes when least expected These people have never been able to be trusted when dealing with their own money and we want them to start building military ships for our country? I just see a bunch of brand new ships sinking as soon as they go for their first test run.
Source: Reuters - 🏆 2. / 97 Read more »
GE headed lower because key aviation business is worth less than believed, analyst saysGeneral Electric may yet sell its valuable aviation financing and leasing business, GE Capital Aviation Services, as the embattled conglomerate looks at ways to boost its fallen value. LOL $GE THEY OWN ALMOST 2,000 AIRCRAFT - AND GENERAL EECTRIC IS MORE THAN JUST THE JET LEASING BUSINESS - THEY ARE DOING BILLION $ DEALS EVERYDAY THESE ANALYSTS ARE NOT THINKING NOR ADDING CORRECTLY - GE IS WORTH 20$ A SHARE I CHALLANGE ANY ANALYST TO GO ON WITH ME UR WRONG $GE THE FACT THEY ARE SELLING NO CORE ASSETS AND PAYING DOWN DEBT - SPINNING OFF THE WORLDS PREMIER HEALTHCARE COMPANY ETC - IS EXACTLY WHYT THIS IS CHEAP AND LETS FORGET ABOUT THE DAILY BILLION DOLLAR DEALS THEY DO.. What? You mean it's hard to properly value the assets of a stale bureaucratic conglomerate clusterfuck? But the market loves conglomerate clusterfucks with a cloudy risk profile!! $AAPL, $AMZN, $FB, $GOOGL are the same shit as GE except that they have more modern logos...
Source: CNBC - 🏆 12. / 72 Read more »
GE to Sell Roughly $4 Billion Stake in Baker HughesGeneral Electric plans to sell up to 20% of its majority holding in oil services company Baker Hughes, providing around $4 billion in cash for the struggling conglomerate. Unfortunately it is basically following sears model of winding things down. Most people underestimate ge has a huge problem with its pensioners. Going to bleed the co dry. Fire Sale still on. राधास्वामीपंथ_का_खुलासा राधा स्वामी पंथ वाले कहते हैं सतलोक में जाकर ऐसे समाजाना है जैसे बूंद समुंदर तो आप शिक्षित समाज ही बताओ वहां क्या डूब के मरना है अगर कोई कहे तो वह परमात्मा है वह अच्छि जगह है रहने के लिए खाने के लिए चीजें है तो दिल भि करे जाने को
Source: WSJ - 🏆 98. / 63 Read more »
GE accelerates Baker Hughes exit plan with stake saleGeneral Electric Co is selling a part of its stake in oilfield services provider...
Source: Reuters - 🏆 2. / 97 Read more »