GE Scales Back Plans for New HQ in Boston
The downsizing from a 12-story tower to two renovated warehouses marks another retreat from the ambitions of former CEO Jeff Immelt.
GE Ousts CEO Flannery as Slump Continues
The removal of John Flannery after a year on the job reflects "the board's frustration with the slow pace of change under his leadership.”
Athenahealth CEO Resigns Amid Strategic Review
A possible buyer is hedge fund Elliott Management, which made a hostile takeover offer last month for the healthcare technology company.
GE Broods on Cash-flow Woes
GE's new CEO tightens reins as cash-flow projection plummets to $7 billion.
GE Sells Industrial Solutions Unit for $2.6B
The sale of the underperforming business to Swiss firm ABB continues former CEO Jeff Immelt's strategy of fostering growth by streamlining GE's operations.
GE Shares Sink 2.9% Despite Q2 Earnings Beat
Analysts said the underlying quality of earnings was mixed, "with the beat driven almost entirely by lower corporate expense and restructuring."
GE Beats Estimates in ‘Strong Start’ to 2017
Industrial cash flow came in low, disappointing investors, but GE still expects to hit $12 billion to $14 billion for the year.
General Electric to Raise $4B From Sales of Industrial Units
“We’ve made the company simpler. We’ve made the company deeper," CEO Jeff Immelt says.
GE, Baker Hughes to Merge Oil, Gas Businesses
The companies believe the combined entity will be positioned to benefit from the expected recovery in oil prices.
GE’s Core Revenue Climbs 6% to $25.8B
The company is facing challenges in its oil and gas business but renewable energy revenues grew 62%.
Q4 Profit Falls in Most of GE’s Core Businesses
Falling oil prices drove down profits in most of the industrial businesses but GE reaffirmed its 2016 outlook.