General Electric Co. unveils plans to cut 12,000 jobs globally in its power business
The NYSE listed giant said the jobs cuts are part of its plan to reduce costs in the Power division by US$3.5bn in 2017 and 2018
Company
General Electric Co
NYSE:GE
General Electric Co is a high-tech industrial company. The company operates through three segments: Aerospace, Renewable Energy and Power.
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General Electric Co shares slip further after Moody's highlights its "mounting end-market challenges"
Moody’s warned that it expects the “severe deterioration” in GE’s power business to last at least through to 2019
AFTER HOURS: Tesla Inc, General Electric Inc, Wal-Mart Stores Inc, Trump Tax boost
A round-up of the breaking headlines after the closing bell
Dow Jones and benchmarks finish higher; Alibaba down despite record break
In Toronto, the TSX is down 24.40 points to stand at 16,014.
GE slightly up after moving to cut divi by 50%
"We understand the importance of this decision to our shareowners and we have not made it lightly," said GE chief executive John Flannery
General Electric, Mattel, Hasbro and more - AFTER HOURS
Proactive takes a look at what stocks are in play before the bell in New York
FTSE 100 closes near flat as traders look for direction; Dow Jones surges
The UK blue chip index closed its account on Tuesday up 2.09 at 7,526.
General Electric shares down again; UBS downgrades to 'neutral'
Shares today fell 6.71% in New York to US$22.24 each, having tanked 7% on Friday.
General Electric shares tank as third quarter shows a big earnings miss
The firm's new adjusted earnings per share (EPS) forecast for the year was cut to a range of between US$1.05 and US$1.10 a share
Dow and S&P finish higher on the week for sixth time in a row after Senate approves budget blueprint
The Senate's approval of its version of the Fiscal Year 2018 Budget Resolution is a necessary step in the process towards debating and negotiating tax policy
ASOS in fashion as HSBC upgrades its stance to 'buy' from 'hold' following recent results
A look at some of the biggest risers and fallers today in London
General Electric board shake-up continues
Ed Garden, a founding partner and chief investment officer of activist investment firm Trian Fund Management, has joined the board
Tesla, Equifax, General Electric and more - AFTER HOURS
We look at what was hot and what was not after the bell In New York on Monday
US stocks close lower; General Electric loses ground
Wall Street shares saw red at then open in Wall Street
General Electric investors switch to sell after second quarter revenues slide 12%
The renewable energy sector unit was the strongest for the group in the three months to end June
General Electric, eBay and Honeywell International in focus - PRE-MARKET
A look at the risers and fallers ahead of the bell in New York
General Electric says GE healthcare boss John Flannery will replace Jeff Immelt as its CEO on August 1
Immelt will remain as GE’s chairman until his retirement on December 31 when Flannery will also takeover that role
Nasdaq puts S&P 500 and Dow in the shade - again
It's a case of "in for a Penney, in for a pounding" today
Solid week fizzles out
Markit's PMI releases for April poured cold water on sentiment and the week's gains were pared
FTSE 100 ends tough week on a flat note
Friday was a bit of a wash-out, with the Footsie ending little changed after a rough week
General Electric's top line comes up short
Earnings were in line with market expectations but revenue came up short
US stocks trend higher, but unfazed by Trump’s damp inauguration
US stocks closed higher on Friday, but little changed following Donald Trump’s first speech as President
US shares edge lower, led by retailers, as rates outlook in focus
US stocks edged lower on Friday, as prospects for fresh record highs faded and markets reflected on how much more monetary tightening to expect from the Federal Reserve after this week’s rate hike
US stocks end flat, but lower on the month
US top stocks closed flat on Monday, as merger talk failed to overturn the feedback from sharply weaker oil prices and raised political uncertainty ahead of the presidential election
GE and Baker Hughes to form oil field services powerhouse
GE will own 62.5% of the newly formed company while Baker Hughes shareholders will own the rest
US stocks dive after FBI to probe Clinton emails
US shares sank after midsession on Friday and closed lower, following revelations the Federal Bureau of Investigation will probe presidential candidate Hillary Clinton’s private emails
US stocks pare losses to end the session and the week flat
US stocks pared initial losses to close Friday – and the week - flat after a roller-coaster ride in an earnings season
GE healthcare equipment helps keep Rio 2016 Olympics athletes in top form
Innovative health data management software tracks 4,000 medical records, including 1,000 imaging exams
Archive
Papers: Blue chips to sue 'Vote Leave' campaign
The papers were again full of Brexit, while Sir Philip Green comes in for some flak after his appearance in front of MPs yesterday...
Trending: Will rising Fed rates mean prolonged depressed oil prices?
If US monetary policy is now dictated to by markets where does that leave the relationship between rates in the world's biggest economy and global oil prices?
General Electric sells appliances business for US$5.4bn
Last year's proposed sale to Electrolux was blocked, but today's deal is even more lucrative for GE
US Risers & Fallers: Shaw communications, Arno, Cyberark, Qunar, Supervalu, DelMar
Shaw Communications is selling its media division to Corus for $2.65bn.
General Electric to cut European jobs
US Engineering titan General Electric is to cut thousands of jobs in Europe following its deal to buy Alstom's power business for US£9.2bn last November, it emerged.
Most followed: Premier Oil, Eon, GE, VW, C&C, Kibo Mining, Optibiotix Health
Premier Oil is eyeing up the North Sea assets of German utility company Eon, according to reports.
Archive
Wall Street edges mostly higher
Shares wavered on Friday amid mixed data, lacklustre earnings
Stocks spin their wheels
Stocks spin their wheels - Hot Wheels in the case of Mattel - in the absence of any major economic news.
Investments and investor services
US stocks holding on to the week's gains
After a solid week, investors are sitting on their hands ahead of Monday's GDP data from China.
U.S. Risers/Fallers: Zafgen, GE, AMD, Honeywell, Twitter, Schlumberger, SunTrust
Here's a look at the main movers as of 1:33 p.m. in New York on Friday:
Stocks tipped to nudge up at the outset
Consolidation looks to be the name of the game, with the blue-chip benchmarks set to open a tad firmer
General Electric's margins improve
The rapidly reshaping General Electric looks to be in good condition, despite a big fall in orders
Archive
Wal-Mart profit warning jolts stocks
A profit warning from the world's largest retailer put the skids under stocks
Wells Fargo shops again in GE's bargain basement
Wells Fargo has agreed to buy General Electric's leasing finance business
US markets tipped for quiet start
It is looking like the very opposite of a manic Monday, with the major benchmarks set to open little changed, although the E,pire State reading due out before the bell could change attitudes.
US stocks seek direction
US stocks wobbled at the outset, although better than expected Producer Prices data looks like it might hand the advantage to the bulls.
Goldman Sachs to acquire GE Capital’s online deposit platform
Goldman Sachs Bank USA, a unit of Goldman Sachs, the largest U.S. investment bank, agreed to buy General Electric financial services arm GE Capital’s online deposit platform, which includes US$16bn in deposits. The amount includes abo
Investments and investor services
US stocks parked in neutral
US stocks opened hesitantly, although Producer Prices data looks like it might tip the balance the way of the bulls.
FTSE 100 ends Friday on a downer
Producer Prices data gave a lift to US prices after a tepid start
Nasdaq stretches all-time high as Google surges
The Nasdaq Composite Index extended its all-time high after Google jumped on better-than-estimated earnings, while the Standard & Poor’s 500 Index was little changed as energy shares fell with oil. The tech-heavy Nasdaq Composite
Nasdaq 100 futures rise on housing data, Google rally
Nasdaq stock futures rose on Friday after strong results from Google and after data showed new-home construction climbed in June to the second-highest level since November 2007. Nasdaq-100 futures showed the most spark, rising 0.5 percent t
Wall Street rebounds as Greece submits new 2-yr aid proposal to creditors
Wall Street climbed today, rebounding from midday losses, as a last-minute diplomatic scramble got under way to keep Greece from defaulting on its debt payments. The S&P 500 (INDEXSP:.INX) rose 0.3 percent to 2,063.29 at 3:43 p.m. in Ne
Wall Street poised to snap four-day retreat; Juno Therapeutics surges
U.S. stock futures moved higher today, as calm appeared to return to markets following a Greek-led stock rout that drove Wall Street to its worst session of the year yesterday. Futures for the Dow Jones Industrial Average rose 0.4 percent t
Wall Street extends rout on growing Greek default fears
Wall Street stretched its losses in heavy trading today after a collapse in Greek bailout talks raised fears that the country could be the first to exit the euro zone. The S&P 500 (INDEXSP:.INX) skidded 2 percent to 2,058.63 at 3:45 p.m
U.S. stock futures tumble as Greek debt crisis deteriorates
U.S. stock-index futures dropped 1 percent today on growing concern that Greece will leave the euro region after bailout talks with lenders broke down over the weekend. Futures for Dow Jones Industrial Average tumbled 1 percent to 17,700, w
EU Commissioner poised to block GE-Alstom merger
The actors may have changed. GE’s CEO is now Jeff Immelt and the EU Commissioner is Margrethe Vestager, but the reasons motivating the EU's objections have not.
Wall Street may open lower as interest rate hike worries grow
U.S. stocks were expected to open a little lower today, on the heels of three straight days of losses on rising bets the Federal Reserve will raise rates as soon as September. Futures for the Dow Jones Industrial Average slipped 0.1 percent
General Electric said to be in talks to sell fleet financing unit to Canadian Element
General Electric wants to cut its reliance on its finance businesses, except for those backing the aircraft and other industrial units
General Electric said to be in talks to sell flet financing unit to Canadian Element
General Electric wants to cut its reliance on its finance businesses, except for those backing the aircraft and other industrial units