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. But turns out it’s still liable for billions of dollars’ worth of policies. Click the […]
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 the struggling conglomerate, whose stock plunged 44 percent this year. GE Power is the company’s […]
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 annual dividend in half. That may sound scary if you’re holding some GE stock, or […]
As GE reports fourth-quarter earnings, we’ll look at the company’s focus on manufacturing with a digital emphasis. GE’s been investing in cloud-based industrial management tools and the “internet of things.” Does that put the company in a good position to capitalize on the Trump administration’s interest in spurring domestic manufacturing? Click the above audio player […]
General Electric wants to combine its oilfield services with a bigger competitor.
As GE focuses on high-tech industry, it's making a bid for two European printing outfits.
GE and McDonald's are among those heading downtown in search of younger workers.
The company can now shed its “systemically important” label, which could force a shake up in the government's “Too Big To Fail” process.
An interview with General Electric's Vice Chair and Beth Comstock