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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.

Tech giants, Warren Buffett’s empire, and the ‘Generals’: Here’s what to look for when these 6 companies report earnings this ...

Earnings season has helped drive markets near record highs, and some of the biggest companies are scheduled to report their latest figures this week.
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 froze pension benefits for thousands of employees. Here are 5 large companies that have done the same in the past.

General Electric announced plans to freeze pension benefits for more than 20,000 employees on Monday.
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.
USS Gerald R. Ford underway on its own power for the first time in Newport News, Virginia, April 8, 2017.

The US Navy finally repaired its broken supercarrier, but there’s still a question of who is going to pay for it

The Navy picked up the tab for the repairs — the cost of which is unknown, and now there's a question about who has to pay them back for the work.

GE has denied recent fraud claims made by a famed Madoff whistleblower. Here’s what it said to comfort investors.

GE's vice president of investor relations said the company's executives "operate with absolute integrity and stand behind our financial reporting."

The bombshell report accusing GE of ‘Enronesque’ fraud is just the latest in the company’s long history of accounting controversies

GE has plenty of accounting controversy over the years, from SEC investigations to a bond trader that cost the conglomerate $350 million.
The General Electric logo.

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 was the most popular industrial stock for hedge funds last quarter. Here are 9 firms that likely took a beating after the stock tanked on fraud cla...

Hedge funds picked a tough time to load up on GE in the second quarter, and those that didn't exit before the August 15 sell-off got whacked.