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.
President Trump pushed back on a potential proposal from his administration to block the sale of GE jet engines to China, saying the U.S. is "open for business."
GE's diverse customer base leaves it better positioned to handle Boeing's reduced production than some of the planemaker's other suppliers.
The company recently unveiled what it is calling the most powerful offshore wind turbine to date.
GE's aviation business supplies engines for Boeing's sidelined 737 MAX.
The retirement landscape is changing for the American worker.
Engineers used GE Aviation trade secrets while working for a business contracting for a Russian state-owned aviation company.
GE CEO Larry Culp sends a vote of confidence to Wall Street in the wake of fraud allegations.
The man who took down Madoff believes GE’s accounting missteps total $38 billion, or 40 percent of the company’s market value
Raytheon Technologies Corp. will have a research and development budget almost four times that of Boeing's aviation division.
The board of directors now includes 40 percent more women than in the past.
The charges stem from GE's purchase of WMC Mortgage in 2004.
The company expects profits to drop in 2019, but cash flow to return to positive in 2020 and beyond.
Newly-minted CEO Larry Culp is in the midst of trying to turnaround the struggling conglomerate.