“We need GE to invest in America, not just one top executive. We are glad that shareholders are starting to see it the same way.”
Four rough years in the corporate icon’s history.
The company "materially misled investors about how it was generating reported earnings and cash growth as well as latent risks in its insurance business."
The urgently needed medical equipment and supplies are needed to fight the coronavirus pandemic.
Carolina Dybeck Happe leaves Maersk after less than a year to take the most prestigious job in corporate finance.
“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."
The company expects its turnaround strategy to yield "significantly better" performance after a "reset" year in 2019.
The struggling conglomerate took the biggest impairment charge in almost a decade, causing the SEC to widen its investigation of GE's accounting practices.
The $2.6 billion deal, which diversifies Starwood away from commercial mortgages, includes 51 senior loans secured by energy infrastructure assets.
GE's second-quarter profits sank 30% from last year, but revenue was up, beating analyst expectations.
A buy-low strategy would favor going all-in on General Electric, but Amazon may be a better bet, despite its ambivalence on earnings.
More companies are looking into robotic process automation as the technology gets more sophisticated, says an ex-GE finance executive turned RPA evangelist.
