Did GE just signal another third-quarter earnings dumpster fire? via bopinion
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.
General Electric Co.General Electric Co. stock price, stock quotes and financial overviews from MarketWatch.
Read more »
General Electric slashes quarterly dividend to a penny a share, starting 2019General Electric reported lower than expected earnings before the bell on Tuesday, missing on both the top and bottom lines.
Read more »
JP Morgan analyst slashes GE stock forecast to $6J.P. Morgan cut its price target on General Electric to $6 a share on Friday, the lowest on Wall Street.
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, once America's most valuable company, is now fighting to avoid becoming a junk bond nameGE's stock is a sliver of its former self, and its bonds are now trading as if they are already junk-rated, putting pressure on new CEO Larry Culp to quickly raise cash and cut debt.
Read more »
GE makes it official, lowers dividend to a pennyGeneral Electric made its sharp dividend cut official on Friday, announcing a quarterly dividend of a penny per share.
Read more »
Watch out for an 'unfavorable' GE earnings report, JP Morgan's Tusa warnsGeneral Electric's upcoming earnings report will likely be 'unfavorable' for the stock after its recent run up, J.P. Morgan said on Tuesday.
Read more »
GE headed lower because key aviation business is worth less than believed, analyst saysGeneral Electric may yet sell its valuable aviation financing and leasing business, GE Capital Aviation Services, as the embattled conglomerate looks at ways to boost its fallen value.
Read more »
GE shares rise after revenue tops expectations, settles DOJ investigationGeneral Electric's highly anticipated fourth-quarter earnings are expected before the market opens on Thursday.
Read more »