Jack De Gan, Harbor Advisory breaks down General Electric's quarterly results, which beat on earnings but missed on revenue. At this point I think the shares are valued fully, says De Gan.
PROVIDENCE, R.I.— General Electric is ramping up its presence at its new corporate headquarters in Boston and has unveiled a new digital hub in Rhode Island as it prepares to leave its Connecticut home of the last 42 years. They include CEO and Chairman Jeff Immelt, who has worked from a temporary office in Boston since late August. Many of those not migrating to...
Despite pushing proposals that sound like a corporate chieftain’s dream, the Republican nominee isn’t getting much love from his peers.
Aug 30- General Electric Co on Tuesday named Richard Laxer chief executive of GE Capital, which the conglomerate began shrinking in 2015 as part of efforts to return to its industrial roots. Since April 2015, Sherin has led the transformation of GE Capital into a smaller, more focused business, GE Chief Executive Jeff Immelt said. GE also said GE Capital will now...
GE CEO Jeff Immelt buys 50,000 GE shares, a purchase worth about $1.57M. CNBC senior markets commentator Mike Santoli and Stephanie Link, TIAA Global Asset Management, weigh in.
NEW YORK, July 22- General Electric Co on Friday reported a sharp rise in adjusted net income in the second quarter, as its aviation, healthcare and power businesses countered weak demand for oil and gas and transportation equipment. The figure included a gain of 20 cents a share from the sale of GE's appliances business to Qingdao Haier Co Ltd, which closed in June.
NEW YORK, July 22- General Electric Co on Friday reported a sharp rise in adjusted net income in the second quarter, as its aviation, healthcare and power businesses countered weak demand for oil and gas and transportation equipment. GE's adjusted earnings per share of 51 cents a share topped the 46 cents a share analysts expected, according to Thomson Reuters...
Nick Heymann, William Blair & Company, breaks down General Electric's quarterly results which posted EPS of $0.51 on revenues of $33.49 billion.
GE's adjusted earnings per share of 51 cents a share topped the 46 cents a share analysts expected, according to Thomson Reuters I/B/E/S. "The diversity and scale of our portfolio enabled the company to perform well despite a volatile and slow growth economy," GE Chief Executive Jeffrey Immelt said in a statement. GE shares were at $32.50 in pre-market trading,...
BOSTON, July 21- Leaders of top U.S. companies and investment firms on Thursday released a set of governance recommendations meant to encourage long-term economic growth, an unusual step that drew mixed reviews from advocates of deeper corporate reforms. Backers of the principles included well-known chief executives Jamie Dimon of JPMorgan Chase& Co, Jeff...
Legendary investor Warren Buffett spoke at length about a secret meeting held by CEOs and other top executives on improving governance principles.
The new Pokemon Go app could have positive implications for other companies, including Microsoft, CEO Satya Nadella said.
Microsoft and GE have teamed up on a new, global project — and they took aim at American trade policies Monday on CNBC.
General Electric Chairman and CEO Jeffrey Immelt, discusses priorities in investment now that the company has partnered with Microsoft's cloud business.
Microsoft CEO Satya Nadella, discusses the success of the augmented reality app Pokémon Go, and the future of gaming opportunities and "HoloLens" for technology companies.
Microsoft CEO Satya Nadella, and General Electric Chairman and CEO Jeffrey Immelt, discuss how to get growth for America's economy.
It was a big victory for GE CEO Jeffrey Immelt, who since April 2015 has reached agreements to unload about $180 billion worth of GE Capital businesses to lessen the industrial conglomerate's exposure to the finance sector and shed the designation. The oversight council, made up of all the heads of the major U.S. regulatory agencies, voted unanimously to remove...
The Financial Stability Oversight Council removed GE Capital's designation as "systemically important." CNBC's Mary Thompson reports the finance arm of the firm is no longer subject to oversight by the Fed.
June 14- Chief executives of the biggest U.S. corporations saw their pay rise in 2015 at the slowest rate in seven years, but it's not because their boards were suddenly getting tough. "It's the smallest pay rise in a long time but that doesn't mean that CEOs weren't bringing home more money," said John Roe, head of advisory at ISS Corporate Solutions.
In the case of GE, we consider ourselves "validation capital," says Peter May, Trian Fund Management, talking about peak activism and its investment in General Electric.