We examine more instances of bad planning and its consequences.
Stocks stemmed their bleeding Monday after a rough start to the day.
The company has extended its exclusive deal to provide engines for the Airbus A350-900 until 2030.
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GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel, precision health, and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, onshore and offshore wind turbines, as well as medical diagnostic and mobile equipment. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by former Danaher alum Larry Culp who is leading a multi-year turnaround of the storied conglomerate based on Lean principles.
| Website: | www.ge.com |
| Email: | Investor@ge.com |
| Main Phone: | +1 617 443-3000 |
| Address: | 5 Necco Street |
| State: | MA |
| City / Town: | Boston |
| Country: | US |
| Postal Code: | 02210 |
| Exchange: | NYE |
| CEO: | H. Lawrence Culp |
| Employees: | 174000 |
| NAICS: | Motor and Generator Manufacturing(335312) |
We examine more instances of bad planning and its consequences.
Stocks stemmed their bleeding Monday after a rough start to the day.
The company has extended its exclusive deal to provide engines for the Airbus A350-900 until 2030.
The combined entity, valued at over $31 billion, will control more than 2,000 jets, dwarfing rivals.
The potential deal would create a titan in the aircraft leasing industry.
U.S. District Judge Jesse Furman dismissed fraud claims regarding the alleged misrepresentations of the company’s insurance portfolio and service agreements.
General Electric on Tuesday offered an upbeat outlook for its business this year after reporting a surge in quarterly free cash flow.
GE alleges the theft goes back to May 2019 on bids for lucrative contracts supplying gas turbines to public utilities and involves improper gains of more than $1 billion.
The SEC had charged the company with misleading investors over how it was generating earnings in its power and insurance businesses.
The venerable index topped 30,000 last week, as Wall Street raises forecasts for next year. What could possibly go wrong?
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