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Marketplace

What makes the dollar strong?

Aug 23, 2019

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Could shedding assets spell a breakthrough for troubled GE?

by Amy Scott Feb 25, 2019
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…

How state and local governments can protect themselves while trying to lure businesses

by Tracey Samuelson Feb 15, 2019
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…
TIMOTHY A. CLARY/AFP/Getty Images

GE cuts dividend to a penny per share. Why bother keeping it at all?

by Janet Babin Oct 30, 2018
The company says it will save nearly $4 billion.
Stan Honda/AFP/Getty Images

GE cuts dividend to a penny per share. Why bother keeping it at all?

by Janet Babin Oct 30, 2018
The company says it will save nearly $4 billion.
Stan Honda/AFP/Getty Images

General Electric: What's an industrial conglomerate to do?

by Andy Uhler Oct 1, 2018
General Electric told investors Monday it has ousted CEO John Flannery after only about a year in the job. The company said it’s also going to miss profit forecasts this year. These are tough times at one of America’s most…
SEBASTIEN BOZON/AFP/Getty Images

What it takes to thrive in a constantly changing workplace

by Kai Ryssdal and Bennett Purser Sep 17, 2018
Beth Comstock writes about guiding General Electric through breakthroughs and challenges in her new book.
Beth Comstock, then vice chair of business innovations at General Electric, speaks during the Fast Company Innovation Festival in 2015 in New York City.
Photo by Brad Barket/Getty Images for Fast Company
The Big Promise

Who's better off in Erie's changing economy?

by Kai Ryssdal and Daisy Palacios Feb 21, 2018
Local residents discuss the national — and their personal — economies.
Over drinks at the Polish Falcon, Erie residents discussed their personal economies.
Daisy Palacios/Marketplace

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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 to cut 12,000 jobs as demand for fossil fuel power stations falls

by Aaron Schrank Dec 7, 2017
General Electric Co. announced today it’s cutting 12,000 jobs in its core power business worldwide, as demand for coal and other fossil fuels softens. It’s the latest move by new CEO John Flannery to cut costs and turn things around at…

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…