Strong Cash Flow Boosts GE Turnaround Hopes
“As 2020 progressed, we significantly improved GE's profitability and cash performance despite a still-difficult macro environment."
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."
GE Beats Revenue Estimates, Reports Q2 Loss
Revenues were mainly driven by sales in the power and renewable energy divisions.
GE to Sell Iconic Lightbulb Business
The buyer, Savant Systems, is a maker of ‘smart home’ solutions.
Pension Plan Sponsors Slashed Contributions in 2019
At present, companies generally aren't subject to required contributions and have little incentive to make discretionary ones, Russell Investments reports.
GE Shares Surge 10% on Strong Q4 Cash Flow
"GE’s restructuring remains very much a work-in-progress, with some signs that [CEO Larry] Culp’s turnaround is taking hold."
Was GE’s New CFO a Risky Choice?
Carolina Dybeck Happe's background makes her an unusual choice to run finance at the struggling conglomerate, a research report suggests.
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."
CFOs on the Move: Week Ending August 2
REGO Restaurant Group, Scena Retail Group, General Electric, Mylan, Brighthouse Financial, Maxim Integrated Products, Valencell, New York Power Authority
GE Reports ‘Steady Progress,’ CFO Departure
CEO Larry Culp hails Jamie Miller's "many contributions to GE’s significant transformation" but says it was time for a CFO change.