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S&P downgrades debt-riddled GE and GE CapitalNew General Electric boss Larry Culp just got a fresh reminder of the debt-riddled balance sheet he's inheriting.
Source: CNN - 🏆 4. / 95 Read more »
Culp will have to move quickly to combat 'unsettling' change at GE, says former GE executiveGeneral Electric's new CEO, Lawrence Culp, will have to move quickly to turn things around amid 'unsettling' change at the company, says former GE executive Bob Nardelli.
Source: CNBC - 🏆 12. / 72 Read more »
Meet Kieran Murphy, the straight-talking, dealmaking CEO of GE Healthcare, on the future without GEMurphy, 55, is probably one of the fastest rising stars at GE that no one's ever heard of. He's quickly climbed the ranks and is now tasked with spinning out GE Healthcare into a separate company, which doesn't come without some risks. GEHealthcare Kieran Murphy. President GE Healthcare should have a movie called Clueless
Source: CNBC - 🏆 12. / 72 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 Capital to sell $1.5 billion healthcare equipment financing businessGeneral Electric Co's finance arm GE Capital said it is selling its healthc... Bill Wilson is rolling over... Is there anything left to GE? Is GE bankrupt?
Source: Reuters - 🏆 2. / 97 Read more »
GOLDMAN SACHS: GE Capital has a $20 billion funding gap that needs to filled by 2020General Electric's lending arm, GE Capital, has to fill in a $20 billion leverage gap through ways such as selling assets, Goldman Sachs says.
Source: BusinessInsider - 🏆 729. / 51 Read more »
GE stock has hit bottom after new CEO Culp’s hiring, analyst saysGE's stock may be on a tear right now -- but credit analysts are taking a different view... S&P slashed its rating on GE’s long-term debt, and Moody’s said it might do the same: hmmm Credit analysts are the clowns responsible for grading subprime crap as AAA in 2008. They are always behind the curve anyway.
Source: MarketWatch - 🏆 3. / 97 Read more »
RBC: Here are 14 US stocks that could grow like crazyRBC Capital Markets provided a third-quarter update to its annual list of 'Top 30 Global Ideas for 2018.' We compiled the 14 US-based companies from the list. Not as much as $BTC
Source: BusinessInsider - 🏆 729. / 51 Read more »
RBC hikes Apple price target on strong demand for pricier iPhonesThe latest generation of pricier iPhones is attracting more demand than last year's models, which should lead to better pricing and a fatter bottom line for Apple, according to RBC Capital Markets.
Source: CNBC - 🏆 12. / 72 Read more »
General Electric's stock hasn't bottomed yet because it didn't 'rip the band aid off,' RBC saysGeneral Electric hasn't bottomed yet and incremental bad news will continue to weigh on its stock price, RBC says.
Source: BusinessInsider - 🏆 729. / 51 Read more »