United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meet Kieran Murphy, the straight-talking, dealmaking CEO of GE Healthcare, on the future without GEMurphy, 55, is probably one of the fastest rising stars at GE that no one's ever heard of. He's quickly climbed the ranks and is now tasked with spinning out GE Healthcare into a separate company, which doesn't come without some risks.
Read more »
S&P downgrades debt-riddled GE and GE CapitalNew General Electric boss Larry Culp just got a fresh reminder of the debt-riddled balance sheet he's inheriting.
Read more »
Culp will have to move quickly to combat 'unsettling' change at GE, says former GE executiveGeneral Electric's new CEO, Lawrence Culp, will have to move quickly to turn things around amid 'unsettling' change at the company, says former GE executive Bob Nardelli.
Read more »
Watch CNBC's full interview with General Electric's Larry CulpCNBC's David Faber sits down with General Electric CEO Larry Culp to discuss the company's future outlook and what the company is doing to turnaround the stock.
Read more »
GE and Baker Hughes amend agreements, including reduced BHGE payments to GE over timeBaker Hughes, a GE company and General Electric Co. announced Tuesday a number of long-term agreements, including a reduction in Baker Hughes payments to GE, a collaboration on critical rotating equipment and creating a joint venture to provide aeroderivative engine services. GE's stock rallied 1.6% in premarket trade, after tumbling 12% the past two sessions to close Monday at a 9 1/2-year low. Baker Hughes shares dropped 2.7% premarket after falling 12% the previous two sessions. The rotating equipment deal will include aeroderivative and heavy-duty gas turbine technology, while the JV will serve the oil and gas and industrial markets. GE has recently had issues with an H-frame gas turbine blade, which forced a shutdown of an Exelon Corp. facility. Separately, Baker Hughes will have access to GE Digital software and technology, the companies have agreed to maintain current operations and pricing levels within Baker Hughes' Control product line, GE will transfer certain U.K. pension liabilities to Baker Hughes, and the intercompany services fee that Baker Hughes pays to GE will be reduced over time beginning next year. GE's stock has plunged 36% over the past three months through Monday and Baker Hughes shares have tumbled 31%, while the S&P 500 has lost 3.4%.
Read more »
GE accelerates Baker Hughes exit plan with stake saleGeneral Electric Co is selling a part of its stake in oilfield services provider...
Read more »
GE to Sell Roughly $4 Billion Stake in Baker HughesGeneral Electric plans to sell up to 20% of its majority holding in oil services company Baker Hughes, providing around $4 billion in cash for the struggling conglomerate.
Read more »
GE eases blow with Baker Hughes share saleThe $70 billion industrial company is selling a chunk of its 62 percent stake in the oil-services firm a day after it said it urgently needed cash. The timing isn’t optimal. But it is better to do something than nothing, and GE can test the waters while saving dignity.
Read more »
GE shares jump toward best day in 9 years after accelerated Baker Hughes share saleGeneral Electric will reduce its stake in Baker Hughes to a slight majority position, the company announced Tuesday.
Read more »
GE seeks to raise $4 billion with sale of Baker Hughes stakeGeneral Electric Co on Tuesday unveiled a plan to raise about $4 billion by acce...
Read more »
GE speeds plan to raise $4 billion cash, lifts sagging sharesGeneral Electric Co plans to raise $4 billion in needed cash by year end, the co...
Read more »