*Apple set to open at 6- week low of $145.35. June 12- The Nasdaq Composite index took a beating for the second trading day as a bout of profit-taking took a toll on the richly-valued technology stocks. "The real heavy lifting, or 40 percent of the move, that we saw was really on the back of a handful of technology stocks," said Art Hogan, chief market strategist at...
Shares of General Electric jumped after the firm said Chairman and CEO Jeff Immelt is stepping down.
Stephen Tusa, JPMorgan executive director and GE analyst, discusses the effect Jeffrey Immelt's departure from GE on the company's stock.
CNBC Contributor and former Medtronic CEO Bill George weighs in on Jeffrey Immelt's legacy at General Electric.
June 12- General Electric Co on Monday named John Flannery as its next chief executive, taking over from Jeff Immelt who is stepping aside after 16 years as the head of the conglomerate, which he helped steer through the financial crisis but is now worth a third less than when he took over. GE said John Flannery, the head of its healthcare unit, will replace Immelt as...
With the news of GE's Jeffrey Immelt stepping down, CNBC's Leslie Picker reports the latest on the company's relationship with activist investor Nelson Peltz of Trian.
Andrew Kaplowitz, Citi senior GE analyst, weighs in on Jeffrey Immelt's departure from General Electric and what to expect for the company under incoming CEO John Flannery.
CNBC's Morgan Brennan reports the latest on the departure of Jeffrey Immelt from General Electric.
*Apple set to open at 6- week low of $145.35. Technology stocks have led a record-setting rally on Wall Street, helped largely by strong quarterly earnings. "We're starting to question valuations of technology at these levels and investors are trying to jockey their way around this thought process," said Andre Bakhos, managing director at Janlyn Capital in...
General Electric on Monday announced that Chairman and CEO Jeff Immelt will be stepping down, a management shake-up that many people saw coming.
The leadership at the top of General Electric won't result in a breakup of the industrial conglomerate, CNBC's Jim Cramer says.
*Flannery to take over as CEO on Aug. 1, chairman on Dec. 31. GE said John Flannery, the head of its healthcare unit, would replace Immelt as CEO, effective Aug. 1, and as chairman after Immelt retires on Dec. 31. Immelt also oversaw the divestment of GE Capital- its massive lending unit- shifting the conglomerate's focus from finance to manufacturing, and bet on developing...
CNBC's David Faber talks about Jeffrey Immelt stepping down as General Electric's CEO.
Incoming GE CEO John Flannery talks about his vision for the future of General Electric.
CNBC's David Faber talks about Jeffrey Immelt's departure from GE
The "Squawk on the Street" news team talks about the departure of Jeffrey Immelt as General Electric CEO.
*Apple set to open at 6- week low of $145.35. June 12- U.S. stocks were on track to open lower on Monday, with the Nasdaq set to take the biggest hit as richly-valued technology stocks were pressured by a bout of heavy profit-taking. Shares of the world's most valuable publicly-listed company were off 2.34 percent to $145.59 in heavy premarket trading on Monday.
Brian Langenberg, Langenberg & Comany, weighs in on the shakeup at General Electric.
GE announced Monday CEO Jeff Immelt will be stepping down, and John Flannery, president and CEO of GE Healthcare, will succeed him.
June 12- General Electric Co said on Monday CEO Jeff Immelt would step down, capping a 16- year term that included steering the conglomerate through the financial crisis and divesting its struggling lending business. The company said John Flannery, the head of GE Healthcare, would replace Immelt as CEO, effective Aug. 1. Immelt also oversaw $260 billion of asset...