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  • GE Aviation to cut workforce by up to 13,000 jobs, or 25%
    Last week, Boeing Co said it would cut 10% of its global workforce, or 16,000 jobs, as it has slowed some production rates, while supplier SpiritAero Systems Holdings said on Friday it is cutting another 1,450 jobs in Kansas. ...
    Yahoo.  Mon, 04 May 2020 09:36:01 -0400.
  • Trump Backs Jet-Engine Sales to China After US Mulls GE Limits
    Trump blasts proposed restrictions on China trade, wants China to buy U.S. jet engines
    Newsmax.  Tue, 18 Feb 2020 11:45:06 EDT.
  • Trump administration may stop exporting engines co-manufactured by GE to China, WSJ says
    The Trump administration may stop exporting jet engines manufactured partly by General Electric to China for the country's airliner, for fears that the Chinese could mimic the production techniques, the Wall Street Journal reported.
    CNBC.  Sat, 15 Feb 2020 20:06:50 GMT.
  • General Electric's (GE) GECAS Unit Divests PK AirFinance
    General Electric's (GE) aviation services unit completes the divestment of PK AirFinance. This is aligned with the company's plan to divest GE Capital's assets worth $10 billion in 2019.
    Zacks Equity Research.  Zacks.  Fri, 13 Dec 2019 12:34:00 GMT.
  • T. Rowe Price raised its stake in GE
    T. Rowe Price bought more than 125 million shares of General Electric as the industrial conglomerate continues to work through a major restructuring.
    Holden Wilen.  American City Business Journals.  Mon, 02 Dec 2019 21:08:41 +0000.
  • GE Taps Maersk Executive for CFO Post as Culp Extends Revamp
    Carolina Dybeck Happe will have to contend with GE's serious financial situation, including a glut of debt and federal investigations into their accounting practices.
    Bloomberg.  Industry Week.  Mon, 25 Nov 2019 15:44:00 +0000.
  • General Electric's (GE) GECAS Unit to Divest PK AirFinance
    General Electric's (GE) financial services unit GE Capital's divestment of PK AirFinance will help it progress on its plan to divest assets worth $10 billion in 2019.
    Zacks Equity Research.  Zacks.  Fri, 30 Aug 2019 14:17:00 GMT.
  • GE shares plunge 15% after Madoff whistleblower claims company is a fraud
    General Electric shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Madoff's Ponzi scheme, said GE was concealing financial woes.
    Daily Mail.  Thu, 15 Aug 2019 21:12:05 GMT.
  • Building The GE Brand Can Help Save The GE Business
    GE's financial performance has been dismal. GE is struggling to restore confidence in its business. A strong GE brand can contribute to the enduring profitable growth of the business. Building the GE brand will help save the GE business.
    By Larry Light, Contributor.  Forbes.  Tue, 16 Apr 2019 14:48:00 +0000.
  • GE to pay $1.5 billion U.S. civil fine over subprime mortgages
    General Electric Co will pay a $1.5 billion civil fine to resolve a long-running U.S. investigation into defective subprime mortgages offered by its former WMC Mortgage unit prior to the 2008 global financial crisis.
    Reuters.  Fri, 12 Apr 2019 13:19:36 -0400.

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Financing News > GE