General Electric Co. is thinking more seriously about selling off large parts of its financial business, which by itself would be the country's fifth-largest bank and which investors want to shrink.
John Rice, vice chairman of General Electric Co. and chief executive officer of global growth and operations, oversees global operations for one of the world's largest and most diversified companies.
"This announcement is consistent with our goal to reduce the overall size of GE Capital and for it to return significant cash to GE," GE CEO Jeff Immelt said in a statement on Monday. The dividend payment includes a special dividend of $4.5 billion ...
Shares of General Electric (NYSE: GE ) also lost value today, losing 0.55%. Similar to Caterpillar, which I wrote about earlier today, General Electric was expected to rise today on news that manufactured goods orders rose 3.3%, but it was likely just ...
GE has been slashing the size of its financial arm since its access to capital evaporated when credit markets froze in the wake of Lehman Brothers Holdings Inc.'s 2008 bankruptcy, endangering the entire company.
Is General Electric Company (NYSE:GE) a buy here? Prominent investors are selling. The number of bullish hedge fund positions retreated by 6 in recent months.
Tenaska Gateway Generating Station, a combined-cycle power plant in Texas, has reaped the benefits of GE's (NYSE: GE) advanced water treatment technology, saving the plant more than $3.2 million in operational expenses and significantly reducing its ...
Stocks were boosted by Fed Chairman Ben Bernanke's Congressional testimony about the economy and monetary policy, but came off highs as he discussed when the Fed might start paring back on its bond buying program.
GE Capital Corporation, an operating unit of General Electric Company ( GE ), has recently announced that its Board of Directors has approved a proposal to pay a dividend of $6.5 billion in 2013 to its parent.
GE said it acted following a pair of in-flight incidents, including one last week, in which one of the two engines on each plane had to be shut down due to gears separating inside the suspect devices.
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