“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."
The company is regrouping as it faces a decline in the printing business that was once its biggest moneymaker.
The automaker's lackluster performance in profit margin and free cash flow leads the credit rating agency to relegate Ford's debt to junk status.
CEO Larry Culp hails Jamie Miller's "many contributions to GE’s significant transformation" but says it was time for a CFO change.
Deutsche Bank CEO: "Saying goodbye to Wall Street is absolutely the wrong assessment."
With a plan to halve debt, Monitronics expects to be "better positioned to succeed in the highly competitive security alarm monitoring industry."
After a difficult stretch, the cosmetics maker will overhaul its operations and take a $3 billion write-down.
Amid growing pressure from regulators, the firm announced plans for a significant transformation of its audit business.
The automaker is laying off about 10% of its global salaried workforce as part of its restructuring effort.
"The company is now what [CEO] Joe Kaeser has always wanted it to be ... an integrated concern in which all entities are strategically interlinked.”
The automaker increased sales of pricey pickups by 20% and cut $400 million in costs in Q1, boosting profit despite a 3.4% revenue drop.
The shares had their worst day in 30 years after the company missed earnings estimates and announced plans to lay off 2,000 workers.
