Emerson Electric formally ended its months-long pursuit of Rockwell Automation Tuesday morning, and investors welcomed the promise of a $1 billion share buyback by boosting Emerson's share price.
Venator Materials shares remained relatively flat after the firm announced that it would be launching a secondary offering. The company is offering 18.0 million shares with an overallotment option for an additional 4.0 million.
Two GE board members joined CEO John Flannery in adding to their positions in the company's stock. The jolt helped keep the share price dip to a minimum.
Deere & Co. beat analysts expectations on quarterly and yearly sales and earnings. Guidance for 2018 is also strong and the shares are rising above a new 52-week high posted yesterday.
GE shares sank again last week following the announcement of a 50% dividend cut and additional details about a strategic plan to sell some $20 billion in assets.
Moody's Investors Services has cut its rating on GE senior unsecured debt by one notch to A2 based on the struggling industrial giant's many challenges.
It seems that GE's recently appointed CEO, John Flannery, is taking an increased stake in the company in hopes that it will turn around. But is it too late?
General Electric is continuing its fall from grace after earlier this week announcing that it would be cutting its dividend and making some changes to its business model.
GE was a big loser on Monday after it announced that it would be scaling back its dividend and making some changes to its business model.
Here are four businesses GE will be looking to hive off in the next couple of years.
The reduction in GE's dividend had likely been priced into the stock before this morning's announcement. The market is still reacting to what else CEO John Flannery had to say.
GE announced a 50% cut to its dividend early Monday morning, ahead of a presentation by CEO John Flannery that is expected to set a new direction for the 125 year-old firm.
Shares of GE regained a little ground last week, but it remains mired in its place as the worst performing stock on the DJIA index. Can CEO John Flannery's Monday presentation begin a turnaround?
At next Monday's investor day, GE CEO John Flannery will present his vision and strategy going forward. It's not too much to say that a lot is riding on what he says.
Short interest in GE dropped by about 20% in the month of October. On Monday CEO John Flannery is set to reveal his strategy for the company, an event that could see a cut…
