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Marketplace Morning Report

Gentrification in the birthplace of democracy

Dec 10, 2019

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Marketplace Morning Report
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General Electric exits the LED business

by Justin Ho Nov 6, 2018
The sale is part of the conglomerate's efforts to trim its portfolio.

General Electric built this town, but its presence is shrinking

by Erika Beras Jan 19, 2018
The company plans to leave the locomotive manufacturing industry in a few years.
Jim Connelly, a former GE engineer, hopes to go back to school and start his own business. He sits at the Lawrence Park Dinor, just up the street from the 350-acre GE plant.
Erika Beras/Marketplace

GE reckons with a large debt from an old business

by Andy Uhler Jan 16, 2018
General Electric CEO John Flannery said in an earnings call today that he was “deeply disappointed” in big liabilities found over on the company’s insurance side. GE actually sold off this business – insurance for long-term care – years ago.…

GE cuts dividend but shareholders may ultimately benefit

by Ryan Kailath Nov 13, 2017
General Electric announced today that all is maybe not well inside the multinational conglomerate empire. CEO John Flannery said the next couple years will be less profitable than previously thought and that, among other changes, he company will cut its…

Drama, angst and a corporate shakeup — that’s GE

by Amy Scott Oct 19, 2017
It’s been a rough couple of weeks for two of the country’s biggest conglomerates. Proctor & Gamble and General Electric have been fending off shareholder unrest over their lackluster stock performance. For GE, that drama has extended to the boardroom.…

GE’s latest earnings are a last-chance showing for its CEO

by Amy Scott Jul 21, 2017
General Electric is expected to report its second quarter earnings before the markets open today . It’ll be longtime CEO Jeffrey Immelt’s last chance to seal his legacy at the company before stepping down at the end of the month.…

The annual performance review gets a reboot

by Erika Beras Jul 13, 2017
Companies have learned that a steady stream of feedback is more effective than a yearly review.
Tom Quitoni is a quality assurance manager at Schell Games. There, managers review workers, workers review managers and everyone provides feedback on others in the company. “It gives you a unique perspective,” Quitoni said.
Erika Beras/Marketplace

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General Electric will have to shed more than CEO to boost profits

by Nancy Marshall-Genzer Jun 12, 2017
General Electric announced today that its CEO, Jeff Immelt, is stepping down. He’ll be replaced by John Flannery, who had been in charge of GE’s health care division. Shareholders have not been happy with the company’s stock performance under Immelt’s…

GE's Vice Chair explains how the company stays innovative

by Kai Ryssdal Jan 25, 2016
An interview with General Electric's Vice Chair and Beth Comstock
Vice Chair of Business Innovations at General Electric Beth Comstock speaks on stage during 'The Fast Company Innovation Festival' on November 10, 2015 in New York City.
Brad Barket/Getty Images for Fast Company

GE nears deal for Alstom

by Jeff Tyler Jun 20, 2014
GE wants turbine company, but may end up in business with French government.