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General Electric surges 14% on strong earnings and increased cash forecast

“Our results reflect another quarter of progress in the transformation of GE," said CEO Culp, who raised cash forecast despite tariffs, 737 MAX.
Workers inspect a gas turbine under construction at the gas turbines production unit of the General Electric plant in Belfort, June 24, 2014.

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."
GE stock

GE freezes pension benefits for 20,000 employees in an effort to reduce its massive debt pile

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.

General Electric will be burning cash for years, JPMorgan says

The company's cash burn will stretch into 2021, according to JPMorgan analyst Stephen Tusa, a long-term GE bear.

General Electric drops sharply after CEO says it will keep burning cash

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.
General Electric

We just got the latest indication that Wall Street loves GE’s restructuring plan

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 shareholders, JPMorgan says

General Electric's dash for cash is stealing value from the shareholders, according to JPMorgan analyst Stephen Tusa.