GE Taps Maersk CFO to Head Finance
Carolina Dybeck Happe leaves Maersk after less than a year to take the most prestigious job in corporate finance.
GE Freezes Pensions to Reduce Deficit, Debt
“Returning GE to a position of strength has required us to make several difficult decisions, and today’s decision to freeze the pension is no exception."
GE Shares Rise on Hopes for Rebound in 2020
The company expects its turnaround strategy to yield "significantly better" performance after a "reset" year in 2019.
GE’s Big Goodwill Impairment Draws Scrutiny
The struggling conglomerate took the biggest impairment charge in almost a decade, causing the SEC to widen its investigation of GE's accounting practices.
Starwood to Buy GE Energy Finance Business
The $2.6 billion deal, which diversifies Starwood away from commercial mortgages, includes 51 senior loans secured by energy infrastructure assets.
GE Profits Plummet, But Hopeful Signs Appear
GE's second-quarter profits sank 30% from last year, but revenue was up, beating analyst expectations.
Investor Explains Doubts about GE
A buy-low strategy would favor going all-in on General Electric, but Amazon may be a better bet, despite its ambivalence on earnings.
RPA Is Maturing but Still ‘Scratching the Surface’
More companies are looking into robotic process automation as the technology gets more sophisticated, says an ex-GE finance executive turned RPA evangelist.
GE Keeping Faith in Baker Hughes Merger
GE had been exploring "exit options" but CFO Jamie Miller says it now sees "a lot of upside" for Baker Hughes.
GE Makes First Dividend Cut Since Depression
The slashing of the dividend by 50% continues CEO John Flannery's push to confront the challenges facing GE.
GE Broods on Cash-flow Woes
GE's new CEO tightens reins as cash-flow projection plummets to $7 billion.