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GE Shares Dipped Under $10 For The First Time Since April 2009
Wednesday, October 31, 2018 - 10:08am | 480For the first time in nearly 10 years, shares of General Electric Company (NYSE: GE) traded below the $10 per share mark. GE's stock lost 8 percent Tuesday after the global conglomerate giant reported its third-quarter results and slashed its dividend payout from 12 cents per share to a penny....
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Fresh Faces: GE, JCPenney Shares Revitalized By New Leadership
Sunday, October 14, 2018 - 1:50pm | 496General Electric Company (NYSE: GE) kicked off the month by deposing CEO John Flannery. By unanimous vote, Larry Culp succeeded the former chief just one year into his reign. The following day, J C Penney Company Inc (NYSE: JCP) named Jill Soltau CEO after Marvin Ellison left in May. GE surged up...
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2 Pros Discuss What Larry Culp Brings As CEO To General Electric
Monday, October 1, 2018 - 6:13pm | 546General Electric Company (NYSE: GE) has a new CEO. H. Lawrence Culp, Jr. will replace John Flannery, effective immediately. The executive shuffle helped boost GE's stock about 7 percent Monday as the company is now led by "one of the best" industrial executives, according to...
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Flannery Out, Culp In As General Electric CEO
Monday, October 1, 2018 - 8:19am | 441A management shift involving the most senior members of General Electric Company (NYSE: GE) was announced Monday, boosting the stock higher by nearly 15 percent in premarket trading. What Happened GE said its board of directors unanimously voted to remove John Flannery as chairman and CEO...
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GE Shares Reverse Course On Conflicting Dividend Reports
Thursday, May 24, 2018 - 1:21pm | 401General Electric Company (NYSE: GE) recovered half its Wednesday losses by midday Thursday. The stock's move was catalyzed in part by executive remarks casting uncertainty on the future of dividends. CEO John Flannery told analysts at a conference Wednesday that management will have to monitor...
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GE's Cautious Outlook Dims Investor Confidence
Wednesday, May 23, 2018 - 3:46pm | 452General Electric Company (NYSE: GE) stock traded lower by more than 7 percent Wednesday after CEO John Flannery said he is not expecting any profit growth from GE’s power unit in 2018. What Happened At the annual Electrical Products Group conference in Florida on Wednesday, Flannery...
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GE Could Be Evaluating Hybrid Deals, IPO Spinoffs
Thursday, April 12, 2018 - 11:01am | 412General Electric Company (NYSE: GE)'s nearly yearlong strategic review of its business could result in an unexpected outcome: hybrid deals or an IPO spinoff. What Happened GE could sell one or more of its assets, but the company may be poised to oversee a hybrid deal that would give...
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GE Takes $6 Billion Hit On Its Insurance Portfolio, CNBC Says Breakup Could Come In The Spring
Tuesday, January 16, 2018 - 12:06pm | 419General Electric Company (NYSE: GE) said Tuesday it will take a $6 billion charge on its insurance portfolio. A few hours later, reports surfaced the company is now considering a breakup. What You Need To Know Sources close to GE told CNBC's David Faber that a split of the company is likely...
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General Electric Is A 'Screaming Buy' And 'Spectacular Opportunity,' Analyst Says
Monday, November 20, 2017 - 3:35pm | 343General Electric Company (NYSE: GE)'s valuation took a hit last week when the company announced a dividend cut and an update on its business that disappointed many investors. The Expert Larry McDonald, founder of the Bear Traps Report. The Strategy At a time when many investors are pulling...
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Cramer Wants GE's Entire Board Added To His 'Wall Of Shame,' Faults Immelt And Flannery
Wednesday, November 15, 2017 - 11:59am | 539Jim Cramer had no issue with telling General Electric Company (NYSE: GE) new CEO John Flannery that he, along with the company's board of directors, had "been had." Cramer doubled down on his stance by adding the entire board of directors to his "wall of shame." What You...
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John Flannery Gives The Inside Story Of GE's Dividend Cut And More
Tuesday, November 14, 2017 - 2:34pm | 811General Electric Company (NYSE: GE) disappointed investors Monday with its investor day presentation that included a 50-percent reduction to the dividend, concerning guidance and a strategy which may imply 2018 will be a "really, really difficult" year. Dividend Cut GE's executive...
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After GE Slashes Its Dividend, Who Will Be Next?
Monday, November 13, 2017 - 5:40pm | 422General Electric Company (NYSE: GE) announced a series of plans Monday to improve its business moving forward, perhaps the most notable of which consists of a 50 percent reduction to its dividend payment. The Expert Herb Greenberg, managing partner of Pacific Square Research and CNBC...
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Cramer's 'Biggest Mistake'? Owning General Electric's Stock
Monday, November 13, 2017 - 12:30pm | 420General Electric Company (NYSE: GE)'s investor day presentation on Monday disappointed the Street on multiple fronts. The Expert CNBC's Jim Cramer said Monday owning General Electric's stock over the years has proven to be a mistake. The Thesis Owning GE's stock through a...
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Dividend, Revised Focus: Everything You Need To Know About General Electric Today
Monday, November 13, 2017 - 10:49am | 425General Electric Company (NYSE: GE) is hosting an investor day presentation on Monday. Ahead of the presentation, the company confirmed it will be slashing its dividend payout to investors. What You Need To Know General Electric will be slashing its dividend payout by 50 percent from 24 cents per...
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GE's Historically Bad Year, Explained
Tuesday, September 19, 2017 - 4:24pm | 309Dow component General Electric Company (NYSE: GE) has seen its stock fall nearly 25 percent since the start of 2017, marking a complete reversal compared to the 13-percent gain for the broader index. GE's stock is also underperforming the broader industrial sector by a notable 34.5 percent so...