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.
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 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 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 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.
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 Stock Surges on News of Biopharma Sale
The $21 billion sale to Danaher is a "pivotal milestone" in GE's plan to reduce debt and strengthen its balance sheet, CEO Larry Culp says.
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 Posts $22B Loss as Legal Problems Mount
The company's new CEO says an overhaul of the struggling power business is among his immediate priorities.