Odds are against the stock market's aging bull making it through a sixth year, but this is no ordinary bull market.» Read More
BOSTON, March 6- General Electric Co said on Thursday it will stop paying its senior executives dividends on stock awards that have not yet vested, after investors urged the company to end the long-held perk.
General Electric CEO Jeff Immelt purchased $2.6 million of the conglomerate's shares, following a rough start for the company's stock price in 2014.
General Electric CEO Jeff Immelt has put his entire cash bonus for 2013 into GE stock. Immelt now owns 2 million shares. The "Squawk on the Street" news team discuss what this means for GE.
Warren Buffett remains as vague as ever about his succession plans for Berkshire Hathaway.
March 4- Warren Buffett is seeking to reassure shareholders about how his Berkshire Hathaway Inc will perform in the decades after he steps down or dies, but remains as vague as ever about succession plans. Jeff Immelt, the CEO at General Electric Co, has been unable to get his company's share price anywhere near the heights achieved by his predecessor Jack Welch.
NEW DELHI, March 3- India's defence ministry said on Monday it had ordered an investigation into state-run Hindustan Aeronautics Ltd's orders from Britain's Rolls-Royce Holdings worth at least $1.2 billion.
NEW DELHI, March 3- India's defence ministry said on Monday it had ordered a bribery investigation over state-run Hindustan Aeronautics Limited's purchase of jet engines from Britain's Rolls-Royce Holdings in a deal worth at least $1.2 billion. No comment was immediately available from Rolls-Royce's office in India.
NEW YORK, Feb 27- General Electric Co is preparing to sell its energy unit that makes fuel dispensers in a deal that is expected to fetch more than $500 million, people familiar with the matter said on Thursday. Wayne was part of Dresser Inc, the energy infrastructure company that GE bought in 2010 for $3 billion.
DERBY, England, Feb 26- British engineering company Rolls-Royce has outlined plans designed to maintain long-term dominance in large aircraft engines, showcasing two new models that could improve efficiency by up to 10 percent.
Many of the most profitable U.S. corporations paid little or no federal income tax from 2008 to 2012, according to a five-year study.
Feb 26- General Electric Co said it would pay $1.7 billion to Japan's Shinsei Bank Ltd to end exposure to interest repayment claims related to the sale of its Japanese consumer loan business to the bank in 2008.. GE said on Wednesday the deal would reduce fourth-quarter and 2013 earnings by $1 billion and earnings per share by 9 cents.
Citizens for Tax Justice looked at 288 profitable Fortune 500 companies and said that 26 of them- including Boeing Co, General Electric Co and Verizon Communications Inc- paid no federal income tax in the five-year period.
The hedge fund SAC Capital will reorganize its disparate trading divisions and rename them by April, according to an internal memo.
These are the people who have had the greatest influence, who caused the most disruption in business over the past 25 years.
F-35 JOINT STRIKE FIGHTER The Pentagon said it remained strongly committed to the Lockheed Martin Corp F-35 fighter jet program, which includes an engine built by Pratt& Whitney, a unit of United Technologies Corp. Northrop Grumman Corp and Britain's BAE Systems Plc also provide significant components for the aircraft.
The program, known as the Lightweight and Modern Metals Manufacturing Innovation (LM3I) Institute, could translate into more fuel-efficient cars and aircraft.
*Emerging markets in focus after Ukraine president ousted. *Netflix shares fall, to pay Comcast for faster speeds. *While most U.S. companies have limited direct exposure to Ukraine, investors are concerned that the instability in the region could spread throughout emerging markets.
Feb 21- U.S. aerospace companies are seeking permission to sell airliner parts to Iran for the first time in three decades, in a key test of the temporary relief on sanctions given under talks to curtail Iran's nuclear activities.
PARIS, Feb 20- Record demand for new jet engines and stronger than expected maintenance activity for those already flying lifted profits at Safran last year and the French group said it expected that growth to continue.
WASHINGTON, Feb 18- General Electric Co is suing the U.S. Internal Revenue Service for a $658 million tax refund related to a tax loss the company claimed as it exited the reinsurance market more than a decade ago.