• General Electric surges after announcing another spinoff as it leaves the Dow

    20 days ago - By Business Insider

    General Electric said Monday it will exit its majority stake in Baker Hughes, an oilfield services company, over the next two to three years. It will also spin out GE Healthcare as a standalone company.
    On Monday, GE said it would sell its distributed power business to a private equity firm for $3.25 billion.
    The moves come as new CEO John Flannery approaches his anniversary at the company's helm, where he has set out sweeping cost-cutting and debt-reduction goals.
    Follow GE's stock price in real-time here.
    General Electric has found a way to tell investors some good news as it leaves one...
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  • GE will spin off its healthcare business and split from oil giant Baker Hughes in a massive reorganization

    GE will spin off its healthcare business and split from oil giant Baker Hughes in a massive reorganization

    20 days ago - By Business Insider

    General Electric will spin off its healthcare business and divest its stake in oil-services company Baker Hughes, it said in a statement on Tuesday.
    The moves come as part of a broad corporate reorganization that sees GE trying to shore up its balance sheet and streamline its businesses.
    General Electric said on Tuesday that it will spin off its healthcare business and divest its stake in oil-services company Baker Hughes as part of a sweeping corporation reorganization.
    The company is making these moves in order to focus on aviation, power, and renewable energy, according to a statement...
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  • General Electric surges after announcing another spinoff as it leaves the Dow

    General Electric surges after announcing another spinoff as it leaves the Dow

    20 days ago - By Business Insider

    General Electric said Monday it will exit its majority stake in Baker Hughes, an oilfield services company, over the next two to three years. It will also spin out GE Healthcare as a standalone company.
    On Monday, GE said it would sell its distributed power business to a private equity firm for $3.25 billion.
    The moves come as new CEO John Flannery approaches his anniversary at the company's helm, where he has set out sweeping cost-cutting and debt-reduction goals.
    Follow GE's stock price in real-time here.
    General Electric has found a way to tell investors some good news as it leaves one...
    Read more ...

     

  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    20 days ago - By Business Insider

    Here is what you need to know.
    General Electric spins off its healthcare business. The company is also separating its oil-services company Baker Hughes as it looks to focus on its aviation, power, and renewable-energy units.
    GE is out of the Dow Jones industrial average for the first time in over 100 years. Walgreens replaces the last member of the original index effective Tuesday.
    Morgan Stanley warns investors are in more danger of a market crash than they realize and identifies a sheltered sector. Equity strategists recently upgraded utilities and singled out what they viewed as the...
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  • After Months of Selling Off Many of Its Businesses, What's Left of General Electric?

    After Months of Selling Off Many of Its Businesses, What's Left of General Electric?

    20 days ago - By Fortune

    Over the past several months, GE has been selling off and spinning off business units left and right.
    Just yesterday the company announced the sale of its industrial engines unit to the private equity firm Advent International. A month before that, it was the spinoff of the transportation unit. And now today, as something of a climax to cap this crescendo, the company has announced it's spinning off its health care unit and giving up its stake in the oil services company Baker Hughes .
    Of course all of this came after a series of disastrous months for the business, including missing...
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  • GE to spin off healthcare unit, divest Baker Hughes stake

    20 days ago - By Reuters

    NEW YORK - General Electric Co said on Tuesday it plans to spin off its healthcare business and divest its stake in oil-services company Baker Hughes, leaving the once-sprawling conglomerate focused on jet engines, power plants and renewable energy.
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  • GE to divest healthcare unit, separate Baker Hughes

    20 days ago - By Reuters

    General Electric Co on Tuesday said it plans to spin off its healthcare business and separate its oil services company Baker Hughes, as it looks to streamline operations and focus on aviation, power and renewable energy units.
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  • GE to divest healthcare unit: WSJ

    20 days ago - By Reuters

    General Electric Co plans to spin off its healthcare business and unload ownership in its oil services company Baker Hughes , the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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