Investigators are looking into a recent engine failure on a Boeing 787 Dreamliner, the National Transportation Safety Board said Tuesday.
Nuclear power is so expensive compared with other forms of energy that it has become "really hard" to justify, according to the chief executive of General Electric, one of the world's largest suppliers of atomic equipment.
As he helped orchestrate the Wall Street bailouts, William Dudley -- now president of the New York Fed -- owned more than $100,000 stock in AIG and General Electric, two firms that received government assistance.
The corporate tax rate is 35%. But an examination of 280 of the nation's largest corporations suggests that many aren't paying anything close to that.
If General Electric's second-quarter earnings are any indication, investors can put fears of a global industrial slowdown on hold.
While a portion of Wall Street continues to cheer this two-year-old bull market, there's a growing chorus of strategists who say now is the time to switch up strategies and start playing defense.
General Electric recently made it harder for CEO Jeffrey Immelt to cash in the stock options he received as part of last year's pay package.
General Electric reported higher first-quarter earnings and revenue Thursday, topping analysts' estimates.
Stocks were headed for another day of gains Thursday, with tech stocks primed for a significant advance after Apple reported strong quarterly earnings.
After a rocky start, earnings get into high gear this week.
General Electric dismissed as a hoax a Wednesday press release that claimed the company has a multi-billion dollar tax refund that it will be giving back to the U.S. Treasury.
After a decade in which investors embraced bond funds while shunning U.S. stocks, the trend is reversing. In fact, if you're thinking of joining the crowd that's now fleeing slumping bond funds to try to chase hot stock returns, you're a bit late to the party.
The oil and gas industry is reeling from attacks on what it considers one of its most important technologies -- fracking.
U.S. stocks closed effectively unchanged on Monday as investors took a wait-and-see approach about the economy.
U.S. stock futures edged higher Monday, as investors continue to bask in upbeat sentiment following a better-than-expected jobs report.
The chief of General Electric on Thursday defended the conglomerate's zero tax rate in 2010, and called for reform of the U.S. tax code.
The Obama administration has been talking about corporate tax reform a lot lately. And so it was on Friday -- but not through prepared bullet points.
Shares of General Electric dropped 2% Tuesday as investors questioned the future earnings potential of the industrial conglomerate's energy business in a post-Japanese earthquake environment.
The worst storm in the history of modern yacht racing was the monster gale that struck the Fastnet race in the summer of 1979. The Fastnet (named after its turnaround point, Ireland's southernmost spot) is one of racing's most prestigious events, and it had attracted more than 300 competitors, including several of the world's most famous and successful boats. Conditions were fine at the starting gun, and while a storm was predicted, not even the best forecasters had imagined how ferocious it would be. At its worst, waves were 50 feet high and winds were 70 mph, devastating many of the boats and terrifying many skippers. Of the 306 yachts in the race, 69 didn't finish, including some of the most exalted competitors; 23 sank or were abandoned. The winner was the brashest of yachting's young disrupters, 40-year-old Ted Turner. His strategy? "We kept going at full speed during the height of the storm," he told an interviewer. But wasn't he afraid? After all, 15 people died. Yes, he said,
After years playing banker, real estate developer and television mogul while relying on older technology in its core products, GE is going back to the lab to reclaim its role as the world's top innovator.
It's official. The new NBCUniversal is finally open for business.
When President Obama stresses his goal of job creation during his State of the Union address Tuesday night, one chief executive in particular will be under pressure: General Electric boss Jeffrey Immelt, who has signed on to lead the President's new Council on Jobs and Competitiveness.
When President Obama stresses his goal of job creation during his State of the Union address Tuesday night, one chief executive in particular will be under pressure: General Electric boss Jeffrey Immelt, who has signed on to lead the president's new Council on Jobs and Competitiveness.
President Obama announced the creation of an economic advisory council Friday that will be headed by Jeffrey Immelt, the chief executive and chairman of General Electric.
Stocks closed mixed Friday, with technology shares lagging the broader market, as investors weighed strong earnings from General Electric against a quarterly loss from Bank of America.
U.S. stocks were headed for a higher open Friday, as investors continue to mull shakeups in the tech world and the latest earnings from General Electric and Bank of America.
updated: Tue Jan 18 2011 22:56:00
CNN's Christine Romans examines China's spectacular growth and the challenges and opportunities it poses for the U.S.
Stealth technology for wind turbines is just one of the latest examples of advances in wind power that aim to make the renewable resource more competitive with fossil fuels.
U.S. stocks eased off earlier gains but finished higher Tuesday, as investors found little reason to jump into the fray after the Fed kept rates steady and left its bond-buying plan alone.
U.S. stocks finished a lackluster session mixed Monday as investors mulled over a flurry of corporate deals and awaited resolution on the tax-cut deal from Washington.
U.S. stocks were poised to open slightly higher Monday, as investors mull over a slew of corporate deals, and await resolution on the tax-cut deal from Washington
Stocks rose Friday, with the S&P 500 closing at a 2-year high, as investors welcomed some upbeat economic news and a dividend hike by General Electric.
GE said on Thursday that it will buy 25,000 electric vehicles for its fleet through 2015 in the "largest-ever" purchase of electric cars.
General Electric will order "tens of thousands" of electric cars in about a week, the conglomerate's chief executive said Friday.
General Electric reported a surge in quarterly earnings Friday that beat analysts' expectations, but sales dropped, lagging behind forecasts.
GE announced Friday it will raise the quarterly dividend by 20% and will resume its share buyback program at the end of the quarter.
What was he thinking? That's what many wondered when David Calhoun left a vice chairman's job at General Electric to run the Nielsen TV ratings company in 2006.
General Electric reported quarterly earnings that rose from a year earlier and said its finance arm, GE Capital, continues to show signs of stabilization.
On July 13 General Electric CEO Jeffrey Immelt announced a $200-million 'challenge,' whereby GE, together with four venture-capital firms, committed to invest in ideas that will advance alternative-energy and efficiency programs, specifically the so-called smart grid that helps electricity networks operate more efficiently. Following the San Francisco event to unveil the program, Immelt sat down with Fortune's Adam Lashinsky to talk about GE's efforts under a campaign called Ecomagination. Immelt spoke candidly and expansively about how he'd change his 'eco' language if he were to start over, why nuclear energy's revival is a ways off, and why President Obama needs to change his tone. An edited and condensed transcript of their conversation follows.
U.S. stocks were poised for a lackluster open Friday, as investors digested the latest results from Google, General Electric, Bank of America and Citigroup.
General Electric Co. backed away Thursday from comments reportedly made by its CEO critical of President Obama and China.
You probably know that General Electric and other large companies have plunged into the water-treatment business, believing it's likely to boom globally for decades. Yet most people don't know that the industry's biggest player -- bigger even than GE in this field -- is Nalco of Naperville, Ill. (2009 revenue: $3.7 billion). It's easy to see why major players want in. The world grows dramatically thirstier as it industrializes -- water demand grows about twice as fast as population. Yet the planet's total water supply cannot be increased; it can only be managed.
General Electric is recalling 181,000 front-load washing machines due to a faulty wire that poses a fire and shock risk, the company announced Thursday.
The failure of General Electric engines on four jet aircraft overseas during the past two years has prompted the National Transportation Safety Board to issue an "urgent" recommendation to increase inspections of the engines on U.S. aircraft.
Stocks tumbled Friday, with the Dow industrials skidding to end just above 11,000, as financial shares retreated after U.S. regulators charged Goldman Sachs with defrauding investors.
General Electric filed more than 7,000 income tax returns in hundreds of global jurisdictions last year, but when push came to shove, the company owed the U.S. government a whopping bill of $0.
General Electric reported quarterly earnings and revenue Friday that fell from year-earlier results, but the company said it expects an improving economy will help its profit rise throughout the rest of the year.
U.S. stocks were set for a pullback Friday despite strong quarterly results from General Electric and Bank of America.
For those who expect a brutal jobs market and a nervous consumer to threaten the economic recovery this year, a rally in the retail sector is a surprising bright spot.
Has Jeff Immelt finally made General Electric investors forget the legendary Jack Welch?
General Electric Co. continued to show steady improvement in the fourth quarter, beating Wall Street's expectations for sales and profit on the back of cost cutting and a strong infrastructure business.
General Electric said Thursday it has secured a $1.4 billion contract to supply wind turbines and provide services for what will be the world's largest wind farm operation when completed in 2012.
General Electric -- the last of the giant diversified conglomerates -- has adopted a strategy that was once unthinkable: narrowing its focus. It's a risky move for a company that had counted on its diversity as a hedging tool. But it's also one that may pay off in spades.
General Electric and Comcast announced a joint venture worth a combined $37.25 billion on Thursday that will give the cable company eventual control of NBC Universal.
General Electric is close to clearing a major hurdle in its path to sell control of entertainment giant NBC Universal to Comcast, according to published reports Monday.
General Electric has agreed to pay Vivendi $5.8 billion for the French group's 20 percent stake in NBC Universal, according to a person familiar with the negotiations, paving the way for the conglomerate's planned sale of 51 percent of the U.S. media group to Comcast.
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.
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