GE Power Reorg: Reshuffling Deck Chairs on the Titanic
GE has brought back retired vice-chairman John Rice to serve as chairman of its Gas Power business, one of two new units being carved out of its Power segment. Can this really…
GE has brought back retired vice-chairman John Rice to serve as chairman of its Gas Power business, one of two new units being carved out of its Power segment. Can this really…
Newly appointed CEO Larry Culp is proving that he wants to act fast in selling off GE assets and scaling the company and its debt leverage lower by unloading part of its…
General Electric, PG&E, Weatherford International, and Lumentum all posted new 52-week lows Monday.
There is a serious issue that is almost impossible for companies of any size to overcome. This is when they "lose their own narrative," as General Electric has done.
Judging by the most shorted stocks traded on the New York Stock Exchange between the October 15 and October 31 settlement dates, those sellers had become more selective.
General Electric just cannot get its stride going. Friday's insult on top of injury came from a Wall Street analyst report going from bearish to even more bearish.
While the broad markets are just barely positive for the year after a devastating October, here are the worst 10 stocks in the S&P 500 that have held the index back.
GE has signed a proposed agreement to sell Current, its energy efficiency and digital productivity solutions unit, to the private equity firm American Industrial Partners.
This last week was a crazy end to the October selling craze being followed by a flood of stock buying this week prior to Friday’s major profit taking. Some of that…
General Electric, Encana Energy, Puma Biotechnology, and Kraft Heinz all posted new 52-week lows Friday.
The worst performing S&P stocks are off sharply in October. The following 10 are off more than 40% for the year.
IBM, General Electric, McDermott International, and Clovis Oncology all posted new 52-week lows Wednesday.
Many Wall Street analysts continue to ratchet down their expectations on General Electric, and its shares even briefly traded under $10 on Tuesday for the first time since the recession in 2009.
The top analyst upgrades, downgrades and initiations seen on Wednesday included Aetna, Baker Hughes, Chesapeake Energy, Cognizant Technology Solutions, Cummins, Eli Lilly, General Electric, Qualcomm and Weatherford.
Elon Musk changes much of the management team at SpaceX, Airbus will be late in delivering some of its planes, and other important business headlines.