Credit analysts are the clowns responsible for grading subprime crap as AAA in 2008. They are always behind the curve anyway.
hmmm
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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 »
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 shares pop for a second day after RBC upgradeRBC Capital raises its rating to outperform from sector perform for GE shares, citing the successful track record of its newly installed chief executive.
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 »
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 »
With stock down 53 percent year on year, GE axes its CEOGE shares surged 16 percent in premarket trading on news the board had ousted CEO John Flannery.
Source: NBCNews - 🏆 10. / 86 Read more »
GE shares rise after new CEO Culp buys $2.2 million in stockGeneral Electric shares rose Monday after recently appointed chairman and CEO Larry Culp bought $2.2 million of the company's stock. Now that is one beaten down stock.
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's stock soars after CEO Flannery replaced, to take a near $23 billion impairment chargeShares of General Electric Co. |phrase background-info='BRIEFING-BOOK' name='ge' significance='MWLEGACY' type='COMPANY' vrtysux='COMPANY|ge'||/phrase| jumped 8% in premarket trade Monday, after the industrial conglomerate said its chief executive officer, John Flannery, was being replaced after a little over a year in the role. Flannery became CEO in June 2017. The company names H. Lawrence Culp Jr. as CEO and and chairman, effective immediately. Culp had been CEO of Danaher Corp. from 2000 to 2014. GE also named Thomas Horton, who was CEO of American Airlines from 2011 to 2013 as lead director. The company said because of weaker performance of its GE Power business, it will fall short of 2018 free cash flow and eanrings per share guidance, and expects to take a non-cash goodwill impairment charge of close to $23 billion. The stock has tumbled 53.3% over the past 12 months through Friday, while the Dow Jones Industrial Average |phrase background-info='BRIEFING-BOOK' name='djia' significance='MWLEGACY' type='COMPANY' vrtysux='COMPANY|djia'||/phrase| has rallied 18.1% Thank you for selling me your shares on Friday, whoever you are! Made 10% over a weekend. F ya! blockchain protection for your files or intellectual property with DeepOnionX DeepOnion $ONION DeepOnionx
Source: MarketWatch - 🏆 3. / 97 Read more »