general electric

GE Shares Rose on Barclays’ Upgrade

GE Shares Rose on Barclays’ Upgrade

General Electric Co. (NYSE: GE) shares rose on Monday after Barclays upgraded the stock to overweight, citing that appointment of new CEO may help the Company’s turnaround plan.According to CNBC, analyst Julian Mitchell wrote: "Even the m..

GE CEO Stands to Gain on GE Ressurgence

GE CEO Stands to Gain on GE Ressurgence

Last Monday, General Electric (NYSE: GE) announced their new CEO, Larry Culp, the 1st outside-hire CEO in 126 years. Culp was the former CEO of Danaher (NYSE: DHR), an industrial manufacturing company.Culp will be demanded to revive the Company&rsqu..

GE Stock at 9-Year Low

GE Stock at 9-Year Low

General Electric (NYSE: GE) has experienced a 52.43% share price drop in the past year. The conglomerate ranked no. 1 in the S&P 500 in 2004, worth USD 400 billion, is now ranked no. 59 in the S&P’s most valuable companies.  ..

GE to Merge Rail Division with Wabtec in $11 Billion Deal

GE to Merge Rail Division with Wabtec in $11 Billion Deal

General Electric Co.’s (NYSE: GE) transportation unit and Wabtec Corporation (NYSE: WAB) announced a merger deal valued at approximately $11.1 billion. The transaction will make Wabtec a Fortune 500 as well as establishing itself as a global l..

GE to raise its stake in Arcam to 95%

GE to raise its stake in Arcam to 95%

General Electric Co. (NYSE: GE) announced on Wednesday it will buy shares of 3D printer maker, Arcam AB (STO: ARCM), from hedge funds Elliott Management and Polygon Investment Group.GE agreed to purchasing Elliot and Polygon’s outstanding Acra..

Uber announces their new Chief Executive; Investors cautiously optimistic

Uber announces their new Chief Executive; Investors cautiously optimistic

It’s been over two months since Uber Technologies, Inc. Founder Travis Kalanick resigned as CEO. After two months of diligent search and speculation, Uber has finally found their new commander-in-chief. In a serious scouting push, similar to t..