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Keyword: ge

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  • No one asks the top CEOs where they went to college (very good article)

    03/14/2019 9:24:15 PM PDT · by Beave Meister · 42 replies
    Chicago Business.com ^ | 3/14/2019 | JOE NOCERA
    The perception that only elite schools produce elite leaders needs to die. The No. 1 company in last year’s Fortune 500 was Walmart Inc., with $500 billion in revenue. That would make its chief executive, Douglas McMillon, a pretty important and powerful executive, don’t you think? Can you guess where he went to college? The University of Arkansas. He has an MBA, too. From the University of Tulsa. Second on the list was Exxon Mobil Corp. Its CEO, Darren Woods, went to Texas A&M. Third was Berkshire Hathaway Inc., run by the man many consider the greatest investor who ever...
  • General Electric Will Rise Again — Here’s Why

    12/07/2018 7:05:57 PM PST · by SeekAndFind · 14 replies
    Banyan Hil ^ | 12/05/2018 | Jeff Yastine
    One thing I’ve seen over and over again in my career as a journalist and investor is the well-documented phenomenon of Wall Street analyst “pile-ons.”You know, where a stock is headed unsustainably higher and higher — and analysts outdo each other raising their price targets.It happens in the other direction too, where analysts come up with all sorts of reasons to justify why a company’s stock will head lower and lower.That’s certainly the case with General Electric Co. (NYSE: GE) these days.A shareholder would seemingly have to be stupid, crazy or “very, very brave” (as Vanity Fair’s finance writer...
  • Fukushima news; G.E. UNDER D.O.J. CRIMINAL cloud, Criminal Crammer C.N.B.C. tries to COVER HIS ASS

    11/30/2018 12:06:51 PM PST · by Tilting · 36 replies
    YouTube ^ | Nov 30, 2018 | kevin blanch
    CATCH THE FALLING NUCLEAR knife in the BACK;; G.E., C.N.B.C. THE greatest Ponzi Scheme IN U.S. history;; Kevin d. blanch Ph.D. Son of CASSANDRA, Crammer and C.N.B.C. CRIMINAL GAND WORKED FOR G.E. the C.N.B.C., General electric CRIMINAL Ponzi scheme pomp pomp team FROM HELL;; 2000-2018 THE GREAT U.S. B.O.T. years;; DEBT, WAR, CONSUME, KILL the ECOLOGY & PROUD BUSH OBAMA TRUMP
  • GE takes $22.8B loss in Q3, reveals DOJ criminal probe

    10/30/2018 9:06:15 AM PDT · by rintintin · 32 replies
    The Hour ^ | Oct 30 2018 | Alexander Soule
    General Electric took a $22.8 billion loss in the third quarter, with the conglomerate disclosing a criminal investigation by the U.S. Department of Justice over its financial reporting. Under its new chairman and CEO, General Electric is cutting its quarterly dividend to a penny a share next year, after paying out 12 cents over four successive quarters and 24 cents in the prior year.
  • United States : GE Appliances Plans $200 Million-Plus Investment, 400 New Jobs in Louisville

    10/04/2018 8:30:54 AM PDT · by bigbob · 17 replies
    Marketwatch ^ | 10-3-18 | NA
    During a news conference in Louisville, Gov. Matt Bevin joined elected officials and Kevin Nolan, president and chief executive officer of GE Appliances, a Haier company, to announce the appliance manufacturer will create 400 new jobs with a $200 million-plus investment in its laundry and dishwasher production facilities. GE Appliances has long been an exemplary corporate partner for Louisville and the commonwealth, Gov. Bevin said. This iconic company has employed many thousands of Kentuckians for generations, and we are grateful for their most recent investment in the Bluegrass State. As GE Appliances continues to adapt to a changing marketplace, we...
  • General Electric Drops on Confirmation of Issue with Turbine Component

    09/20/2018 3:38:04 PM PDT · by BenLurkin · 7 replies
    TheStreet.com ^ | 09/20/2018 | Anders Keitz
    The Boston-based company discovered an "oxidation issue" that could cause distress on blade components of the HA gas turbine. GE launched the HA turbine in 2016 and has received orders for more than 80 turbines, more than half of which have already shipped to customers in the U.S., Europe and Asia. "Obviously, this was a frustrating development, for us, as well as for our customers," GE Power CEO Russell Stokes wrote in a LinkedIn post. "But we have identified a fix and have been working proactively with HA operators to address impacted turbines." "A few weeks ago, there was an...
  • GE shares pop after plans to spin off health-care unit, on pace for its best day in 3 years

    06/26/2018 12:39:26 PM PDT · by SeekAndFind · 16 replies
    CNBC ^ | 06/26/2018 | Tae Kim
    GE on path to reduce debt by $25 billion GE's turnaround strategy is becoming clear. The company announced plans on Tuesday to spin off its health-care unit and separate its stake in oil services company Baker Hughes over the next two to three years. GE will focus its operations on the aviation, power and renewable energy businesses. “Today marks an important milestone in GE’s history. We are aggressively driving forward as an aviation, power and renewable energy company — three highly complementary businesses poised for future growth. We will continue to improve our operations and balance sheet as we make...
  • General Electric shareholders should rejoice at the Dow removal

    06/20/2018 7:56:38 AM PDT · by Red Badger · 30 replies
    CNBC ^ | 06/20/2018 | Tae Kim
    After more than a hundred years as a component in the Dow Jones industrial average, General Electric will be replaced by drugstore chain Walgreens Boots Alliance next week. But GE investors may take solace in the recent history of stock price out performance from the companies booted from the Dow. On Tuesday David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, said in a statement adding Walgreens to the Dow Jones industrial average will make the index "more representative of the consumer and health-care sectors of the U.S. economy." "Today's change to the (Dow...
  • General Electric gets booted from the Dow

    06/19/2018 3:50:31 PM PDT · by Magnatron · 52 replies
    CNN Fake News ^ | 19 June 2018 | Matt Egan
    For the first time in 110 years, General Electric will not be a member of the elite Dow Jones Industrial Average. S&P Dow Jones Indices announced on Tuesday that the iconic maker of light bulbs and jet engines will be replaced in the 30-stock index by Walgreens Boots Alliance. GE (GE) was an original member of the Dow in 1896 and has been in it continuously since November 7, 1907. Being ousted from the Dow is the latest indignity for GE, which is dealing with a serious cash crisis caused by years of bad deals. GE has replaced its CEO,...
  • GE booted from the Dow, to be replaced by Walgreens

    06/19/2018 3:24:17 PM PDT · by NohSpinZone · 54 replies
    CNBC ^ | 6/19/18 | By Angelica LaVito
    * Industrial giant General Electric is out of the Dow Jones industrial average and will be replaced by drugstore chain Walgreens Boots Alliance. * GE was one of the original components of the Dow Jones industrial average of 30 stocks in 1896.
  • GE Aviation Gets Win as Rolls-Royce Dreamliner Engine is Grounded (Bright spot for troubled company)

    06/11/2018 2:12:43 PM PDT · by SeekAndFind · 18 replies
    The Street ^ | 06/11/2018 | Taylor Nicole Rogers
    General Electric's (GE - Get Report) Aviation unit, one of the few businesses in which the troubled conglomerate is making money, is poised to take advantage of the engine problems suffered by a chief rival. Rolls-Royce Holdings PLC, GE's biggest competitor in airplane engines, said Monday that all 166 of the engines it built for Boeing's fleet of 787 Dreamliners must be grounded pending inspection of a faulty part. The British manufacturer's misfortune provides a rare opportunity for a win for GE, who makes the only engine interchangeable with Rolls-Royce's Trent 1000. "It's hard to make the direct connection to...
  • What the Hell Happened at General Electric?

    05/25/2018 9:03:43 AM PDT · by SeekAndFind · 51 replies
    Fortune ^ | 05/25/2018 | Geoff Colvin
    It’s a bad day for a CEO when he announces he’s retiring and the stock goes up. That was Jeff Immelt’s day on June 12, 2017. The news of his departure was in one sense no surprise—some investors and analysts had been urging his ouster for years;but it was also a shock. He’d been General Electric’s CEO for almost 16 years, and outsiders were unaware of any specific succession plans or that ­Immelt, at age 61, had any intention of stepping down. Suddenly they were told that in just seven weeks he’d be gone as CEO (he remained nonexecutive board...
  • 1 dead after jetliner apparently blows an engine in flight

    04/17/2018 1:45:49 PM PDT · by T-Bird45 · 275 replies
    Assoc. Press ^ | 4/17/2018 | AP
    PHILADELPHIA — A Southwest Airlines jet apparently blew an engine at about 30,000 feet and got hit by shrapnel that smashed a window and damaged the fuselage Tuesday, killing a passenger and injuring seven others, authorities said. The plane, a twin-engine Boeing 737 bound from New York to Dallas with 149 people aboard, made an emergency landing in Philadelphia just before noon as passengers breathing through oxygen masks that dropped from the ceiling said their prayers and braced for impact. "I just remember holding my husband's hand, and we just prayed and prayed and prayed," said passenger Amanda Bourman, of...
  • Reckoning at Hand for General Electric? (The company might not survive a financial crisis intact)

    02/19/2018 6:31:29 PM PST · by SeekAndFind · 16 replies
    American Thinker ^ | 02/19/2018 | Charles Ortel
    If your hackles are not yet up concerning the outlook for highly indebted multinational companies such as GE in a possible looming crisis of 2018, they ought to be.  From September 2008 until recently, we operated in a new world without traditional controls, prepared to believe everything and happy to own almost anything.  Skeptics were mocked, as markets rocked. However, in recent months, benchmark interest rates in the United States – the largest market in the world – are trending upward after ten years at historic low levels.  As interest rates rise, most asset values will fall.  Declining asset values are especially worrying for complex...
  • GE cuts dividend for second time since Great Depression

    11/13/2017 7:17:40 PM PST · by BenLurkin · 24 replies
    GE had been one of the biggest dividend payers in the United States, behind giants like ExxonMobil (XOM), Apple (AAPL, Tech30) and Microsoft (MSFT, Tech30). By cutting the dividend in half, GE will save more than $4 billion per year. That makes it one of the largest dividend cuts in the history of the S&P 500 and the biggest since 2009, according to S&P Dow Jones Indices. GE made an even bigger dividend cut in 2009, during the Great Recession. But dividend cuts are rare these days. Many companies are increasing them because the U.S. economy is healthy and the...
  • Investigation: Foundations Gave Millions To Groups Accused Of Terror Ties

    11/03/2017 6:38:35 PM PDT · by markomalley · 9 replies
    Daily Caller ^ | 11/3/17 | Peter Hasson
    Major American foundations have given millions of dollars in funding to Islamic organizations accused of having ties to radical Islamist movements or designated terrorist organizations and a group of activists are trying to convince them to stop. Groups like Islamic Relief Worldwide, which some countries have banned for allegedly funding Hamas and other terrorist organizations, have received millions of dollars from corporate charities like the GE Foundation, community foundations like the Silicon Valley Community Foundation, and independent foundations like George Soros’ Open Society Foundation.Researchers with the Middle East Forum, an activist group devoted to promoting American interests abroad, identified the financial...
  • GE to offer Macs to their 330,000 employees as it standardizes on iOS for mobile

    10/26/2017 8:52:58 PM PDT · by Swordmaker · 17 replies
    MSPowerUser ^ | October 22, 2017 | By Surer
    We saw yesterday how Microsoft’s absence in mobile led to the removal of Surface tablets from Delta’s employee offerings, and today we have more evidence of the erosion of Microsoft’s dominance in the enterprise as companies increasingly work to simplify their platforms. Industrial giant GE has announced a partnership with Apple to bring Predix, GE’s software platform for the Industrial Internet, to Apple’s iPhone smartphones and iPad tablets. The new Predix-iOS software development kit will include tools that software developers can use to write industrial apps that will run on Apple’s iOS operating system. The new partnership means that a...
  • The Weekly Fix: Double Standard

    07/30/2017 1:08:48 PM PDT · by Tolerance Sucks Rocks · 13 replies
    FreedomWorks ^ | July 28, 2017 | Adam Brandon
    The fix is in. Did you know, corporations like General Electric Co. (GE) spend more money on lobbyists than they pay in taxes? The federal government currently taxes corporations at 35 percent. While many argue the rate is too high, you don’t hear companies like GE complaining about it. That’s because they aren’t paying it. Over the past 15 years, GE’s federal income tax rate averaged only 5.2 percent. General Electric paid no federal taxes in 2010, despite earning $5.1 billion in U.S. profits. Instead, the company claimed a tax benefit of $3.2 billion. Meanwhile, GE executives awarded themselves more...
  • The $31 Billion Hole in GE’s Balance Sheet That Keeps Growing

    06/18/2017 1:29:50 PM PDT · by Lorianne · 30 replies
    source content cannot be posted due to copyright issues | 16 June 2017
    see post below for link
  • The Export-Import Bank Is Overdrawn

    06/11/2015 5:18:42 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | June 10, 2015 | Allen West
    The Export-Import Bank charter will expire in a few days, on June 30, unless Congress acts to reauthorize it. The Export-Import Bank was created more than 80 years ago by President Franklin D. Roosevelt to help foreign customers buy goods from the United States. Some companies benefit from the Export-Import Bank and they are the first ones to defend its reauthorization. But let’s be clear: Companies benefit from Export-Import Bank loans at the expense of taxpayers and other businesses. Taxpayers—not the companies themselves—assume the risk of a foreign loan, made through a private bank (like Goldman Sachs), to purchase a...