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“Our results reflect another quarter of progress in the transformation of GE," said CEO Culp, who raised cash forecast despite tariffs, 737 MAX.
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."
The industrial conglomerate said in a statement the pension freeze would reduce its overall debt by $4-6 billion.
Who is Harry Markopolos? The famed Madoff whistleblower has likely already made millions after publishing a report accusing General Electric of fraud
He's an accounting expert who helped blow the lid off Bernie Madoff's notorious Ponzi scheme, and now his sights are set on General Electric.
The company's cash burn will stretch into 2021, according to JPMorgan analyst Stephen Tusa, a long-term GE bear.
General Electric dropped more than 7% Tuesday after CEO Lawrence Culp said he sees negative free cash flow this year.
General Electric is soaring after announcing plans to sell its biopharma business, has gained nearly 70% since December
General Electric surged 15.57% early Monday after the company announced plans to sell its biopharma business for $21.4 billion.
General Electric is making an accounting change that’ll make its one biggest problems look less severe
General Electric's cash-shortage problem will look better in 2019 as an accounting change takes effect, an accounting professor says.
There's a growing consensus on Wall Street that GE's restructuring plan will work.
General Electric's dash for cash is stealing value from the shareholders, according to JPMorgan analyst Stephen Tusa.