GE announced that John Flannery, current President and CEO of GE Healthcare, has been named CEO of the company by the GE Board of Directors effective August 1, 2017 and Chairman and CEO effective January 1, 2018. Jeff Immelt, Chairman and CEO, will...
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June 12, 2017, 08:00 AM
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GE announced Richard A. Laxer, GE Capital International president and CEO, will lead GE Capital effective September 1, 2016 as president and CEO. Keith S. Sherin, GE vice chairman and GE Capital chairman and CEO, will retire from GE effective...
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August 31, 2016, 07:41 AM
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GE announced that it has received approval of its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital’s designation as a nonbank Systemically Important Financial Institution (SIFI).The FSOC’s decision reflects the...
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June 30, 2016, 07:37 AM
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Trian Fund Management, L.P. disclosed that it has become a top ten shareholder of GE with a beneficial ownership of 98.5 million GE shares currently valued at approximately $2.5 billion. GE is now Trian’s largest investment.Trian Principals Nelson...
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October 05, 2015, 07:57 AM
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GE today announced that it will create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial...
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April 10, 2015, 07:17 AM
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GE announced today fourth-quarter 2013 operating earnings of $5.4 billion, with earnings per share of $0.53, up 20% from the fourth quarter of 2012. GAAP earnings from continuing operations were $5.0 billion, with earnings per share of $0.49, up 20%....
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January 17, 2014, 07:11 AM
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GE announced today third-quarter 2013 operating earnings of $3.7 billion, or $0.36 per share, down 3% and flat respectively from the third quarter of 2012. Excluding restructuring and other charges, operating EPS was $0.40. GAAP earnings from...
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October 18, 2013, 07:16 AM
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Chairman and CEO Jeff Immelt announced the appointment of Keith Sherin as chairman and CEO of GE Capital, succeeding Mike Neal, who is retiring. Immelt also announced that GE Capital CFO Jeff Bornstein will succeed Sherin as CFO of GE. The...
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June 13, 2013, 07:02 AM
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Bloomberg Businessweek said that according to a Wall Street Journal report, General Electric is evaluating successors to Michael Neal, who may step down as chief executive officer and chairman of GE Capital as soon as this summer.The management shift...
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May 30, 2013, 07:49 AM
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Bloomberg reported General Electric is considering spinning off parts of its finance unit through an initial public offering.According to Bloomberg, while speaking at the Electrical Products Group Conference in Longboat Floriday yesterday, Immelt...
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May 23, 2013, 07:22 AM
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GE announced today first-quarter 2013 operating earnings of $4.1 billion, up 14% from the first quarter of 2012. GAAP earnings from continuing operations were $3.6 billion, up 13%. Revenues were $35.0 billion for the quarter, flat with the year-ago...
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April 19, 2013, 07:31 AM
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Bloomberg reported that General Electric distanced itself from a report that it might consider spinning off GE Capital. As reported yesterday by Dow Jones, Chief Executive Officer Jeffrey Immelt told business leaders in Sydney that he’d “never say...
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March 21, 2013, 07:26 AM
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GE announced today third-quarter 2012 Operating Earnings of $3.8 billion, or $0.36 per share, up 10% and 50% respectively from the third quarter of 2011. Excluding the effects of the third-quarter 2011 preferred stock redemption, operating earnings...
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October 19, 2012, 08:00 AM
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