Larry Culp

8 results

GM signage on the wall of the interim General Electric offices in Boston, Massachusetts in 2017. Photograph: EPA/CJ GUNTHER

General Electric is freezing retirement benefits for 20,000 longtime employees, in a move designed to cut billions of dollars from its pension deficit(...)

Independent financial fraud investigator Harry Markopolos said GE’s cash situation was “far worse than disclosed in their 2018” annual report. Photograph: Jay Mallin/Bloomberg via Getty Images

General Electric shares bounced back on Friday after a brutal rout on Thursday as Wall Street analysts defended the industrial conglomerate against al(...)

German chancellor Angela Merkel: ready to ditch a balanced budget? Photograph: EPA

News that the German government could ditch its balanced-budget rule and take on debt to stave off recession boosted European markets on Friday. DUBL(...)

Shares of GE, which has a debt of more than $100 billion, have fallen more than 80 per cent from their peak in August 2000. Photograph: CJ Gunther/EPA

Shares of General Electric surged 15 per cent on Monday after the industrial conglomerate said it would sell its biopharma business to Danaher for $21(...)

GE reported a $22.8 billion (€20 billion) loss for the third quarter on Tuesday, largely due to a writedown in the value of its GE Power business

General Electric slashed its quarterly dividend to just 1 cent per share and said it would split its power unit into two businesses as new chief execu(...)

Traders working on the floor of the New York Stock Exchange.   Photograph: Michael Nagle/Bloomberg

Ireland’s Iseq share index fell below the 6,400-point level to a 22-month low on Monday as European markets sold off on a deepening stand-off between (...)

Workers install scaffolding around a gas turbine at a General Electric factory in Greenville, South Carolina.

General Electric has paid more than $6 billion (€5.1 billion) in fees to Wall Street banks since the turn of the century, even as its market value has(...)

Ryanair’s shares plunged 12.5 per cent to €11.48. Photograph: Yves Herman/File Photo/Reuters

Ryanair’s profit warning sent aviation shares into a tailspin as European stocks rose generally on news of a US-Canada-Mexico trade pact. DUBLIN Rya(...)