It is only fitting that United Technologies is buying assets from cross-state rival General Electric. At least in the eyes of shareholders, the manufacturer of Otis elevators, Pratt & Whitney jet engines and Sikorsky helicopters has emerged as the more successful of the two Connecticut-based industrial conglomerates.
Halloween is finally here. But many investors have been getting more treats than tricks for nearly eight months now.
General Electric Co. continued to get hammered by its troubled finance arm, but the conglomerate's widespread cost cutting and a strong showing from its consumer and industrial units helped GE's profit beat Wall Street's expectations.
U.S. stocks were expected to open lower Friday after General Electric posted lower-than-expected revenue and Bank of America reported a worse-than-expected loss.
General Electric plans to give its solar business a charge in two years with the introduction of panels with the same solar cell material used by industry cost leader First Solar.
If NBC Universal was an independent media group -- rather than part of financial-industrial conglomerate General Electric -- would "30 Rock" just have won another five Emmy Awards? For that matter, would the sitcom lampooning life at a television variety show on a network controlled by GE even have aired?
Wow. I just had the strangest dream that I had time warped back to 1992. Shares of General Electric were surging and NBC was enjoying great ratings.
Is the new cop on the U.S. securities beat armed with a pea shooter? The size of the penalties meted out by boss Mary Schapiro's team at the Securities and Exchange Commission makes it appear so.
When General Electric paid $50 million last week to settle civil fraud charges brought by the Securities and Exchange Commission, we may have witnessed a turning point for the company. While the settlement vindicated critics who have long claimed that GE pushes the accounting envelope, it also showcased moves the company has made to become more transparent and open.
The Securities and Exchange Commission on Tuesday filed a suit against General Electric claiming that it reported false results in its financial statements.
It is only fitting that United Technologies is buying assets from cross-state rival General Electric. At least in the eyes of shareholders, the manufacturer of Otis elevators, Pratt & Whitney jet engines and Sikorsky helicopters has emerged as the more successful of the two Connecticut-based industrial conglomerates.
Halloween is finally here. But many investors have been getting more treats than tricks for nearly eight months now.
General Electric Co. continued to get hammered by its troubled finance arm, but the conglomerate's widespread cost cutting and a strong showing from its consumer and industrial units helped GE's profit beat Wall Street's expectations.
U.S. stocks were expected to open lower Friday after General Electric posted lower-than-expected revenue and Bank of America reported a worse-than-expected loss.
General Electric plans to give its solar business a charge in two years with the introduction of panels with the same solar cell material used by industry cost leader First Solar.
If NBC Universal was an independent media group -- rather than part of financial-industrial conglomerate General Electric -- would "30 Rock" just have won another five Emmy Awards? For that matter, would the sitcom lampooning life at a television variety show on a network controlled by GE even have aired?
Wow. I just had the strangest dream that I had time warped back to 1992. Shares of General Electric were surging and NBC was enjoying great ratings.
Is the new cop on the U.S. securities beat armed with a pea shooter? The size of the penalties meted out by boss Mary Schapiro's team at the Securities and Exchange Commission makes it appear so.
When General Electric paid $50 million last week to settle civil fraud charges brought by the Securities and Exchange Commission, we may have witnessed a turning point for the company. While the settlement vindicated critics who have long claimed that GE pushes the accounting envelope, it also showcased moves the company has made to become more transparent and open.
The Securities and Exchange Commission on Tuesday filed a suit against General Electric claiming that it reported false results in its financial statements.
Does General Electric need to put aside more cash to handle bad loans at its finance arm? GE says it doesn't -- it even insists it has higher loan loss reserves than the biggest US banks. But investors aren't fully convinced. And a look at just one small slice of GE Capital's $650 billion of assets suggests why they are right to be skeptical.
The government recently refused to bailout one troubled commercial lender. But another is telling regulators that it doesn't want Washington's help anymore.
General Electric Co. reported sharply lower second-quarter earnings Friday that still beat Wall Street expectations, even as its revenue fell more sharply than forecasts.
Modernizing the electricity grid to be a more efficient and reliable smart grid will bring a number of societal benefits. That is, if consumers are up for it.
They say that General Electric is a pretty good barometer of the economy. If that's the case, the economy does seem to be improving -- but it's still in pretty lousy shape.
General Electric is marshalling its considerable resources as it tries to win lucrative contracts to digitize medical records.
General Electric used to be a bellwether for the global economy. It may now be a proxy for worldwide stimulus packages.
General Electric Co. posted a first-quarter profit Friday that fell substantially from year-ago results, dragged down by weak earnings at its embattled finance division, but the results still beat Wall Street's expectations.
Stocks were mixed to lower Friday as investors welcomed better-than-expected earnings from Citigroup and General Electric but also showed caution after the recent run.
Investors are keen to hear what General Electric Co. has to say about its troubled finance division, GE Capital, when it reports results Friday morning.
General Electric shares have been dogged by worries about GE Capital, and after a six-hour presentation on the finance unit the company quelled fears about transparency but could not put to rest fears about future losses.
General Electric stock has fallen 72% over the past year amid concerns about rising losses at its finance arm, GE Capital. In an attempt to reassure investors, the company will deliver a detailed, five-hour presentation on GE Capital to investors in New York this Thursday.
Conglomerate General Electric Co. lost its perfect credit rating Thursday when rating agency Standard & Poor's downgraded the company.
General Electric's credit rating has finally been cut. S&P has lowered the conglomerate's rating, which has been triple-A since 1956, to double-A-plus.
General Electric may have slashed its dividend to shore up its balance sheet, but a looming ratings downgrade could push it into a cash shortage and funding problems.
General Electric said Friday that it plans to cut its dividend by 68%, to 10 cents from 31 cents a quarter, a move the conglomerate says should save it $9 billion a year.
When Warren Buffett invested $3 billion in General Electric last fall, some thought the move would calm the blue chip's jittery creditors and investors. It hasn't.
Stocks recovered from session lows Friday as Google's upbeat earnings and a rally in bank stocks helped offset the impact of GE's weaker profit report.
General Electric Co. on Friday reported a 47% decline in fourth-quarter earnings per share that was at the low end of its expectations, and lower revenue that was below analysts' forecasts.
Stocks tumbled Friday morning as General Electric's lower quarterly earnings added to the realization that corporate profits are a lot weaker than had been anticipated.
Shares of General Electric finished higher Thursday as investors awaited the conglomerate's fourth-quarter earnings report - and analysts wondered how the company will maintain both its century-old dividend and perfect credit rating in the wake of problems at its financial services unit.
It has been a tough season for Intel, the world's largest chip maker. Intel's stock price slipped 42% in 2008 and its fourth-quarter numbers were poor, with net income off 90% from a year earlier. In such a difficult economic environment, cuts to non-essential spending would seem natural, like the company's substantial corporate social responsibility (CSR) programs around the world.
General Electric Co. reaffirmed its recently lowered earnings outlook Tuesday and stood by its decision to pay an annual dividend despite the challenges facing its financial services unit.
General Electric shares rallied more than 13% Tuesday after executives vowed to preserve the company's dividend and work to maintain its triple-A credit rating - a designation that keeps GE's borrowing costs lower than almost any company in corporate America and gives it a significant advantage over its competition.
Conglomerate General Electric lowered its fourth-quarter earnings guidance range Tuesday and provided details on restructuring plans.
Is GE's dividend safe? That question is likely on the minds of many shareholders who have watched the value of their GE shares sink more than 50% over past year, mainly over worries about the potential for more losses at the company's financial arm, GE Capital.
GE Capital, the financing arm of conglomerate General Electric, is eligible for government backing of $139 billion of its debt, a company spokesman said Wednesday.
Following a rebound in investor sentiment and global stocks, U.S. Treasury prices and bank-to-bank lending rates both fell Tuesday.
When Warren Buffett went to bed at his Omaha home on the evening of Tuesday, Sept. 30, he asked his wife, Astrid, to wake him in the morning at 6:55 a.m. He had an important call coming in. By 7:30 the call was over. Buffett walked into the kitchen, still wearing an old robe he likes, and announced to a breakfast visitor that he had agreed to send General Electric $3 billion of Berkshire Hathaway money in return for a new issue of preferred stock and warrants allowing Berkshire to buy an equal amount of common stock over the next five years.
Investors around the world cheered as stock markets experienced a broad-based recovery Monday from last week's dismal performance. But as the S&P 500 saw its best-ever point day a small group of stocks were left out in the cold.
General Electric on Friday reported a drop in third-quarter earnings that met expectations and a gain in revenue that was close to expectations.
Stocks staged a huge turnaround Friday morning, with the Dow erasing most of a 700-point slide as fears of a global recession were countered by a willingness of some traders to step in at five-year lows.
All eyes will be on GE on Friday when the massive conglomerate and market bellwether reveals earnings that have been hard-hit by recent turmoil in the financial markets.
Stocks trimmed losses by the close Wednesday, but investors remained edgy ahead of a Senate vote on the modified $700 billion bank rescue plan, expected later tonight.
General Electric said Wednesday it intended to raise $12 billion through a common stock offering, in addition to plans to allow billionaire investor Warren Buffett's Berkshire Hathaway to buy up to $6 billion in stock.
When companies as savvy and as important as General Electric and Google join forces, it's worth a closer look. The companies say they will work together to drive two industries with big growth potential: geothermal energy and the upgrading of the nation's overburdened electricity grid.
How wacky is this market? General Electric slashed its earnings guidance for the third quarter and the whole year and Wall Street didn't even blink.
For many years, investors took it on faith that a portfolio of big blue-chip stocks - chockfull of familiar names like General Electric and Coca-Cola - was the surest path to investing success.
Federal regulators have warned General Electric Co. over lax quality control standards at a plant that makes computer software for medical imaging
Nobody ever said that valuing a publicly traded company was supposed to be easy. But it shouldn't be as complex, as say, quantum physics either.
General Electric Co. beat its own sales estimates and matched earnings projections for the second quarter Friday.
Gary Reiner isn't like other CIOs. The average chief information officer's tenure is just over three years, but he has held the job at General Electric for the past dozen years - the period when the foundation of GE's business shifted from manufacturing to services to information. Most CIOs complain about their budgets' getting squeezed, but Reiner's is growing and, at $4 billion, is almost the size of a Fortune 500 company. Many CIOs report to the chief financial officer, but Reiner reports to the big boss, GE's CEO, Jeff Immelt. Most strikingly, other CIOs are rarely in charge of critically important non-infotech responsibilities, but Reiner has been running GE's massive Six Sigma initiative since 1996 and also oversees the company's $55 billion of annual sourcing.
Alcoa and General Electric set the tone for a disappointing first-quarter earnings period back in April when both reported worse-than-expected results.
I'm not a big fan of corporate philanthropy. Too often, it's a feel-good exercise, generating little value for a company's shareholders. At its worst, it allows CEOs to use other people's money to glorify themselves. (Tyco once pledged $5 million to Seton Hall University, which named a building or two after its then-CEO, Dennis Kozlowski.) Rarely is corporate giving both benevolent and strategic.
General Electric Co. will cut its global water use by 20% over five years, CEO Jeff Immelt said Wednesday
General Electric Co. said Friday that it plans to sell or spin off its iconic appliance business
The electric industry has been talking for decades about bringing the nation's antiquated, inefficient, glitch-prone energy grid into the Computer Age. Now, with energy demand rising twice as fast as supply, it's finally happening, thanks to a rare alignment of interests - government, business, consumer, and environmental.
Jeff Immelt, chairman and CEO of General Electric, said Monday much of the technology to make energy generation cleaner and more efficient is available now. The challenge, however, is deploying it and making it cheaper.
Companies that make things such as bolts and studs and hydraulic equipment may sound depressingly unsexy.
Stocks tanked Friday after General Electric's weaker-than-expected profit report exacerbated fears about how badly the economic slowdown is going to impact corporate earnings.
Treasury prices rose Friday as General Electric shocked investors with lower-than-expected earnings and deflated full-year guidance, worrying investors that the worst of the economic downturn may not yet be over.
So much for a weak dollar and stronger global economy helping to lift results for large multinational companies like General Electric.
General Electric - widely viewed as a proxy for the U.S. economy - posted a surprising first-quarter earnings miss Friday, deflating investors' hopes that the conglomerate could rise above a continued economic slowdown.
General Electric's latest attempt to revive its troubled NBC television unit with a 65-week "superseason" of fresh programming is grabbing a lot of headlines these days. But some investors wonder if it's worth the conglomerate's trouble.
Stocks were set to tumble at Friday's open as corporate bellwether General Electric posted disappointing results that raised new worries about problems in the nation's financial sector.
Jeff Immelt, the chief executive of General Electric, was getting defensive - and for good reason. "Look," he protested, "I've never voted for a Democrat!" Immelt went on to insist he's getting a bum rap. "I work for investors," he said.
The Orkney Islands, where the North Sea and the Atlantic Ocean violently meet, last gained fame in 1725 when the pirate ship Revenge was captured there.
General Electric said Wednesday it was recalling 92,000 microwave combo wall ovens due to fire hazard.
Global corporations are becoming more accountable. That's the only conclusion one can draw from looking at the results of this year's Accountability Rating, which sets out to assess the progress of the world's 100 largest companies in building sustainability into their businesses.
Big blue-chip companies like General Electric and Microsoft do many things well, but showing up on lists of the hottest brands is typically not one of them. Yet these two lumbering giants both made their way onto brand consultancy Landor Associates' annual Breakaway Brands ranking - a comprehensive survey that measures consumer sizzle over a three-year period.
In the two years since Stefano (Steve) Bertamini moved to Shanghai to become CEO of GE China, he has a sense that the days are less smoggy and more sunny.
U.S. stock futures were weaker Friday morning, ahead of earnings from General Electric and the government's retail sales report.
General Electric won't make a decision on whether or not to sell its NBC Universal unit until after it is done broadcasting the 2008 Olympics from Beijing, according to a published report.
When you think of hotspots for grooming corporate leaders, the bustling skyscrapers of Manhattan or the sprawling office parks of Los Angeles easily come to mind. But Erie, Pennsylvania? That's right. Turns out, the mid-sized industrial town marked by squat factories and windowless pubs is ground zero for some of corporate America's fast-rising stars.
You couldn't be blamed for rolling your eyes when American Express chief Ken Chenault says, "People are our greatest asset." CEOs always say that. They almost never mean it. Most companies maintain their office copiers better than they build the capabilities of their people, especially the ones who are supposed to be future leaders, and for decades they've gotten away with it. But now their world is changing profoundly - and at long last we're going to find out which self-proclaimed people-cherishers actually mean it.
Quitting the troubled subprime lending market will cost General Electric as much as $400 million, the industrial conglomerate has announced.
General Electric Co. completed its $11.6 billion sale of its plastics division on Friday, and plans to use the proceeds to help pay for a stock buyback program.
General Electric said Thursday it is considering pulling out of the consumer lending business in Japan as tighter regulation has crimped profits across the industry, but it said nothing has yet been decided.
General Electric touts the success of EcoMagination. General Motors says it will speed up production of electric cars. BP steps up its commitment to solar power.
With much fanfare, General Electric today introduced a new platinum credit card which, instead of offering cash back or frequent flyer miles, promises to help consumers fight global warming.
General Electric Co. has signed three new deals in the Middle East worth a combined $1.8 billion, highlighting the region's importance to the U.S. industrial conglomerate.
General Electric Co. said Thursday it has dropped out of the running for Dow Jones & Co. Inc., the publisher of The Wall Street Journal.
General Electric (GE) ranks no. 6 on FORTUNE's list of America's largest corporations.
Medical imaging and diagnostics - the high-tech art of peering inside the body to detect disease without invasive surgery - is a fast-growing business that could accelerate in step with the aging population, experts say.
General Electric announced early Monday it would sell its plastics business to Saudi Basic Industries Corp. in an $11.6 billion deal.
Stocks were poised to make another run at record highs Monday, helped by news of a major telecom deal and the sale of GE's plastics division.
What business are you in?" Peter Drucker famously asked his clients. The wisest of all management thinkers knew that fundamental question was most important. If we could ask his question of the ent...
General Electric sees problems growing from subprime loans into other types of mortgages, it said Friday.
Stocks climbed in the first moments of trade Friday after a pair of better-than-expected economic reports and good earnings news from Dow component General Electric.
Corporate bellwether General Electric rode out problems in its mortgage business due to problems in subprime lending to post earnings growth in line with forecasts.
No, it's not just greenwash. Business in the U.S. really has become cleaner and greener. Environmentalists actually have embraced market-based solutions. And the politics are about to get very inte...
Compared to, say, the 13 billion years that have elapsed since the Big Bang sent the universe spinning outward into space, the last quarter-century is nothing. But here on Earth in the Internet Age...
On balance, blue chips rose over the past month. Six of the Sivy 70 moved by more than 10%. The big loser was ConocoPhillips, which suffered from the drop in oil prices. Big gainers included Genent...
For a couple of days this month, executives from American Express, General Electric Money, Mars, and Whirlpool will chuck their high-priced consultants and brainiac research and development teams a...
General Electric and General Imaging Co. announced Tuesday that the two companies will team up to design, manufacture and distribute a line of GE-branded digital cameras.
Stocks were mixed Friday after upbeat results from a trio of big blue chips failed to boost the broader market, leaving investors to mull a rebound in oil prices and a jump in bond yields.
Stocks were mixed in early Friday afternoon trade, as healthy quarterly results from several Dow components including IBM, Citigroup and General Electric failed to impress Wall Street, while oil rebounded from previous session lows.
Stocks slipped Friday morning as investors focused on the negatives in earnings news or forecasts from Dow components IBM, Citigroup and General Electric.
General Electric announced Friday it is restating earnings a total of $343 million lower. This in response to a decision made over five years ago by the chief accountant of the Securities and Exchange Commission on how the company recorded interest rate swaps.
General Electric announced it is restating earnings a total of $343 million lower over more than a five years after a decision of the chief accountant of the Securities and Exchange Commission for how it recorded interest rate swaps.
| Most Viewed | Most Emailed | Top Searches |
Video
