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SmartMoney 05/29/2020 16:56
Shares of General Electric Co. sank Friday, and have lost nearly 10% over two sessions, after Chief Executive Larry Culp tempered recovery hopes with a more negative outlook for free cash flow.
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Motley Fool 05/29/2020 12:28
When considering why a stock as gigantic as GE ($57 billion in market capitalization, $93.5 billion in annual sales) is going down, you have to expect that there will be a lot of factors at work.
More from Motley Fool: 05/29/2020 01:44
Michael Levenson More than 140 years after Thomas Edison and his assistants conducted their first successful experiments with a carbon-filament lamp in a vacuum, the company he helped to found — General Electric — has sold its lighting business.
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Seeking Alpha 05/29/2020 00:27
And we're going to do that mindful of our near term challenges for sure, but trying to build outstanding performances sustainable, and advantage to GE given our portfolio over the long haul.
More from Seeking Alpha: 05/28/2020 15:50
General Electric chief Larry Culp likes to say he’s “redefining winning.
More from 05/28/2020 15:34
Losing that much money adds meaningfully to GE’s elevated net leverage burden,” Gordon Haskett analyst John Inch said, adding that the magnitude of cash outflow at GE places it out of step with most of its industrial peers.
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Big News Network (UAE) 05/28/2020 14:38
General Electric cash flow forecast disappoints, shares fall.
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MarketWatch 05/28/2020 12:49
Shares of General Electric Co. GE, -3.97% pulled back 2.9% in midday trading, after running up 13.7% over the past two sessions, as the industrial conglomerate provided an update on its business at analysts conference.
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Gizmodo 05/27/2020 19:15
GE said that its 129-year-old lighting unit—which was formed in 1892 from the merger of Thomas Edison’s Edison General Electric Company with two other firms—will be sold off to smart home manufacturer Savant Systems in a deal with undisclosed terms ...
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