General Electric canceled $20 million od stock awards for CEO Larry Culp after the company missed minimum performance thresholds.
General Electric will invest $450 million in manufacturing. It will allocate $335 million of that to aerospace and $117 million to healthcare ahead of a planned divesture.
A former employee of General Electric Power was sentenced to two years in prison for conspiring to steal GE's trade secrets on behalf of the Chinese government.
Trading of GE HealthCare Technologies shares kicked off Wednesday morning, marking its debut as an independent company from conglomerate General Electric.
A GE spokesperson confirmed to FOX Business that it is working to locate a new, smaller office space in Boston.
The move comes as General Electric is in the process of splitting its business into three publicly traded companies: aerospace, health care and energy.
GE annnounced it aims to complete the spinoff of its health care unit in early January and tapped the planned independent company's board of directors.
Following the planned spinoffs, GE Aerospace will own the company's trademark and provide long-term licenses to the other companies.
General Electric Chairman and CEO Larry Culp is taking on another role as the top executive at the company's aviation business. The current aviation CEO will become the VP and CCO.
There’s a temptation to blame the end of the once-mighty GE conglomerate on the late Jack Welch but it isn’t true. It ignores the messy corporate history of GE.
GE's stock jumps as investors applaud the move to split up the industrial giant.
General Electric, Boeing and the Transportation Security Administration are among the companies and agencies that have announced vaccine mandates in an effort to comply with the order
Boeing Co., International Business Machines Corp. and Raytheon Technologies Corp. are other federal contractors that have already announced Covid-19 vaccine mandates for their U.S. staff.
The earnings parade rolls on this week as dozens of names including Tesla, Microsoft, Alphabet, Apple, Amazon and Facebook are set to report.
General Electric Co. is nearing a $30 billion-plus deal to combine its aircraft-leasing business with Ireland’s AerCap AER 1.62% Holdings NV, according to people familiar with the matter, the latest in a string of moves by the industrial conglomerate to restructure its once-sprawling operations.
Co-conspirators including a GE engineer pitched their startup to Chinese investors, the Department of Justice said.
The manufacturing conglomerate's shares rose 4.8% as it reported free cash flow from industrial operations of $4.37 billion, GE said.
Mr. Immelt didn't receive any severance when he left GE in the middle of 2017, a year when his compensation totaled $8.1 million. He received $21.3 million in compensation in 2016, his last full year as chairman and CEO.
Uber and GE announced a new partnership Wednesday to transform the world through aerial ridesharing on the largescale, as the aviation industry is reimagined for the post-pandemic era.
GE Aviation has approximately 52,000 employees worldwide.