Boeing Names Former GE Exec Brian West as CFO
The successor to Greg Smith was "considered a key appointment” for Boeing as it seeks to recover from the 737 Max grounding and COVID pandemic.
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 Kicks the Factoring Habit
Instead of selling receivables for quick cash, General Electric will boost its billings and collections "muscle," says CFO Carolina Dybeck Happe.
GE Commits to Cutting Debt By 35% Within 3 Years
The U.S. industrial conglomerate provided more clarity on its debt plans to soothe investor nerves, sending shares up.
Ex-GE CFO Miller Named Cargill Finance Chief
Jamie Miller will become Cargill's first female CFO, having previously broken the glass ceiling at GE.
GE Sheds Jet-Leasing Unit in $30 Billion Deal
The deal with Ireland's AerCap "really marks the transformation into a more focused, simpler and stronger GE,” CEO Larry Culp says.
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.