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Another Boeing supplier is laying off workers over the 737 Max production halt, days after ousted CEO Dennis Muilenburg got a $62 million payout
GE Aviation said Monday that it plans to cut 70 temporary jobs at its plant in Bromont, Canada, which helps build 737 Max engines.
General Electric’s pension freeze was long expected and has some ‘silver linings,’ Bank of America says
"Further pension actions were expected," wrote Andrew Obin from BAML. The US pension "has been closed to new entrants since 2012."
Goldman Sachs contrasts the Madoff whistleblower’s allegations of fraud at GE, saying its insurance reserves ‘compare favorably to peers...
While Harry Markopolos alleged GE lied about its insurance reserves, Goldman analysts found that its figures best Prudential's comparable metrics.
Triumphant rise, spectacular fall: General Electric’s 127-year journey from cutting-edge American icon to possible fraud case
From Thomas Edison to Jack Welch, GE had been known for revolutionary technologies and immense profit. But now — allegations of billion-dollar fraud?
GE's shares tanked 14% on the report where the company was accused of fraud, now its CEO is hitting back.
GE tanks after a famous Madoff whistleblower says the company is committing fraud ‘bigger than Enron and Worldcom combined’
Accounting expert Harry Markopolos alleged the company is already hiding $38 billion in fraud, and called the figure "just the tip of the iceberg."
JPMORGAN: Investors are ‘underestimating the severity of challenges and underlying risks’ at General Electric
General Electric shares fell 6% after JP Morgan downgraded the stock and accused investors of being too bullish.
General Electric analyst channels ‘Any Given Sunday,’ says company’s turnaround is a ‘game of inches’
General Electric's turnaround is a "game of inches," according to an analyst who referenced the football movie "Any Given Sunday."
GE is showing a 27-inch voice-activated ‘kitchen hub’ smart screen for above the stove that can walk you through recipes and make video ca...
The kitchen is the new living room in many homes, and GE's Kitchen Hub seeks to capitalize on that by offering entertainment and video calls.
Shares of GE rose nearly 4% in after-hours trading on Friday following a report Apollo was considering making a bid for its jet-leasing business.