General Electric CEO John Flannery is considering every cost-cutting measure for his company, putting scrutiny on his predecessor Jeff Immelt.
General Electric CEO John Flannery is considering every cost-cutting measure, putting scrutiny on his predecessor Jeff Immelt.
WSJ reports former CEO Jeff Immelt used two private jets when traveling. Internal airline is among new CEO John Flannery's first cost cuts.
General Electric must "seriously" consider cutting its dividend in addition to a weighty EPS reset, according to Goldman Sachs.
Watching General Electric is painful, said Bob Nardelli, the company's former transportation CEO and power systems CEO.
JPMorgan analyst Stephen Tusa Jr. cut his price target on GE Wednesday and said he sees a dividend cut as "increasingly likely."
General Electric's newest board member, Ed Garden, will have a lot of influence in the company, Trian Partners' Nelson Peltz said Tuesday.
The move follows the elimination of GE's private jet fleet in September. Restructuring is also hitting headquarters.
JPMorgan says General Electric's earnings and business trends continue to deteriorate.
The "Squawk on the Street" news crew weigh in on news General Electric's new CEO planning to cut corporate staff in an effort to slash spending and boost profits.
Warren Buffett's Berkshire Hathaway sold its stake in General Electric as of the end of June, according to a regulatory filing on Monday.
GE's new Chief Executive Officer John Flannery made a big bet that the company's flagging fortunes will improve, buying nearly $2.7 million in stock.
The new CEO said he has met with 100 investors to get their views on the company as he begins a deep-dive into GE's different businesses.