GE, Johnson & Johnson and Toshiba plan to divide their operations, saying the units will be more flexible, responsive and targeted.
Separate operations focused on aviation, health care and energy will be more agile — and independent of one another's weaknesses.
Author Tom Gryta explains how General Electric's place in the economy fell so quickly.
Once upon a time, GE put share owners last in line for company revenues. That changed in the '80s and '90s.
Welch led General Electric for two decades, during which the company's market value soared from $12 billion to $410 billion.
General Electric is freezing its pensions for 20,000 non-union workers and will offer pension buyouts for another 100,000 former employees. GE said the move will save $8 billion, part of a plan to shed some of the company’s considerable debt. The move, from one of America’s most iconic corporations, is just one more step in […]
General Electric today announced the sale of its biopharmaceutical business for more than $21 billion dollars. The buyer is Danaher Corporation, which happens to have been previously run by GE chief executive Larry Kulp, who served as chief executive at Danaher between 2001 and 2015. The move is part of an ongoing restructuring aimed at […]
This week Amazon said it wouldn’t pursue a new headquarters in New York City and GE announced it’s dramatically downsizing its planned move to Boston. GE will now rent office space there, instead of building a 12-story office tower. It will also repay $87 million in incentives it received to make the move. As cities and […]