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GE’s New CEO Larry Culp Has That Turnaround Gene, Says AnalystMelius Research’s Scott Davis writes that GE has been plagued by problems “all related to this company being run by a band of incompetents for way too long.” He likes what he sees in Culp.
Source: MarketWatch - 🏆 3. / 97 Read more »
Watch CNBC's full interview with General Electric's Larry CulpCNBC's David Faber sits down with General Electric CEO Larry Culp to discuss the company's future outlook and what the company is doing to turnaround the stock. Sounds alot like more of the same. generalelectric should be ashamed of what it did to it's employees, retirees, and shareholders. larryculpjr needs to quit taking a page from Flannery's book and lay it ALL out there instead of allowing $GE to continue to be the joke of Wall St Seems like the problems at generalelectric is a...
Source: CNBC - 🏆 12. / 72 Read more »
Larry Bossidy weighs in on the fate of GEFormer GE executive Larry Bossidy says if GE can increase cash flow and if asset sales materialize, it will be 'a sign to everyone that they're on the way out of this ditch.' SquawkCNBC Do they bring Larry in so Joe wont be the only curmudgeon on the set? SquawkCNBC A ditch of their own making.
Source: CNBC - 🏆 12. / 72 Read more »
GE CEO Larry Culp Could Get Millions of Shares — if He Can Double the Stock PriceWhen Culp was named to GE’s top post, his compensation package included a one-time inducement award of 2.5 million to 7.5 million performance stock units that are eligible to pay out on a one-to-one basis into GE stock based on hitting specific price targets.
Source: MarketWatch - 🏆 3. / 97 Read more »
GE and Baker Hughes amend agreements, including reduced BHGE payments to GE over timeBaker Hughes, a GE company and General Electric Co. announced Tuesday a number of long-term agreements, including a reduction in Baker Hughes payments to GE, a collaboration on critical rotating equipment and creating a joint venture to provide aeroderivative engine services. GE's stock rallied 1.6% in premarket trade, after tumbling 12% the past two sessions to close Monday at a 9 1/2-year low. Baker Hughes shares dropped 2.7% premarket after falling 12% the previous two sessions. The rotating equipment deal will include aeroderivative and heavy-duty gas turbine technology, while the JV will serve the oil and gas and industrial markets. GE has recently had issues with an H-frame gas turbine blade, which forced a shutdown of an Exelon Corp. facility. Separately, Baker Hughes will have access to GE Digital software and technology, the companies have agreed to maintain current operations and pricing levels within Baker Hughes' Control product line, GE will transfer certain U.K. pension liabilities to Baker Hughes, and the intercompany services fee that Baker Hughes pays to GE will be reduced over time beginning next year. GE's stock has plunged 36% over the past three months through Monday and Baker Hughes shares have tumbled 31%, while the S&P 500 has lost 3.4%.
Source: MarketWatch - 🏆 3. / 97 Read more »
GE CEO Culp's quick comments about health spinoff could mean an 'outright sale'GE CEO Larry Culp's latest comments about GE Healthcare could indicate an 'outright sale' is among the options under consideration.
Source: CNBC - 🏆 12. / 72 Read more »
GE CEO admits regular investors have fled the stock since he cut the dividend to a pennyGeneral Electric CEO Larry Culp acknowledged Monday that his decision to slash the quarterly dividend to a penny sent regular investors scrambling. There will be a time and place to buy $GE. This company has everything stacked against them at the moment. I believe Larry Culp can turn this company around. Buying now would mean your wiling to wait 2-3 years to see if things can change...Patience is key here! I would consider workouts the best method on how to get a thicer and longer penis.
Source: CNBC - 🏆 12. / 72 Read more »
General Electric Retirees Contemplate Selling GE StockMany General Electric (GE) retirees depend on the company for their pension and the stock for their portfolio. This works great when the company is healthy and the stock performs, but the flip side is not pretty. probably a little late don't you think? What in the name of diversification is going on? Start infrastructure reboot now.
Source: Forbes - 🏆 394. / 53 Read more »
Analyst betting on GE CEO Larry Culp: 'This is a dark day,' but stock 'will come back'General Electric may be beaten down for a while, but it is bound to turn around, says analyst Brian Langenberg.
Source: CNBC - 🏆 12. / 72 Read more »
GE Credit Crunch Ripples Across Wall StreetA steep fall in GE’s bonds to junk levels is roiling credit markets, spreading pain and gain among investors and banks. Once upon a time a story like this would have lead a newscast. The firehose of sewage we're blasted with every day has denied this story the attention of the American public that it deserves. They should just give up 😂
Source: WSJ - 🏆 98. / 63 Read more »