GE Shareholders Reject Pay Plan for CEO Culp
“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.”
GE Fined $200 Million for Accounting Irregularities
The company "materially misled investors about how it was generating reported earnings and cash growth as well as latent risks in its insurance business."
Ford Partners With 3M and GE to Make Respirators and Ventilators
The urgently needed medical equipment and supplies are needed to fight the coronavirus pandemic.
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.