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General Electric Co (GE)

GE on New York Consolidated

8.79USD
16 Aug 2019
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About

General Electric Company is a global digital industrial company. The Company's products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy... (more)

Overall

Beta: 1.16
Market Cap(Mil.): $211,167.30
Shares Outstanding(Mil.): 8,657.95
Dividend: 0.24
Yield (%): 3.94

Financials

  GE Industry Sector
P/E (TTM): 27.96 19.15 23.98
EPS (TTM): 0.87 -- --
ROI: 2.58 7.76 7.03
ROE: 9.76 9.65 11.77

GE shares fall on Madoff whistleblower calling its finances a fraud

General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE's new CEO. | Video

Aug 15 2019

UPDATE 6-GE shares fall on Madoff whistleblower calling its finances a fraud

Aug 15 General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE's new CEO.

Aug 15 2019

Breakingviews - GE has more to lose from whistle-blower

NEW YORK (Reuters Breakingviews) - General Electric is getting a harsh lesson in the cost of credibility. A man who warned about Bernie Madoff’s Ponzi scheme claims the conglomerate is hiding $38 billion in losses with false accounting. The company run by Larry Culp strongly denies it, but its history of opaque reports and belated write-offs put it on weak ground. The stock’s more than 10% drop implies investors give the claims only partial credence – for now.

Aug 15 2019

GE CEO calls Markopolos report 'market manipulation' and 'false'

NEW YORK General Electric Co Chief Executive Larry Culp said on Thursday that a report alleging GE was hiding financial problems was "market manipulation – pure and simple."

Aug 15 2019

GE CEO calls Markopolos report 'market manipulation' and 'false'

NEW YORK, Aug 15 General Electric Co Chief Executive Larry Culp said on Thursday that a report alleging GE was hiding financial problems was "market manipulation – pure and simple."

Aug 15 2019

GE shares fall on report that cash situation worse than thought

Aug 15 General Electric shares fell 5% on Thursday after the Wall Street Journal reported that Harry Markopolos, a whistleblower in the Bernard Madoff Ponzi case, had alleged that company financial filings masked the depths of its problems.

Aug 15 2019

GE secures four-year labor deal with unions for 6,600 workers

NEW YORK General Electric Co has clinched a labor deal with all 6,600 of its unionized workers in the United States, averting potential strikes that could have hit the ailing conglomerate's jet engine production, the company and unions said on Wednesday.

Aug 14 2019

GE secures four-year labor deal with unions for 6,600 workers

NEW YORK, Aug 14 General Electric Co has clinched a labor deal with all 6,600 of its unionized workers in the United States, averting potential strikes that could have hit the ailing conglomerate's jet engine production, the company and unions said on Wednesday.

Aug 14 2019

GE lifts forecast but warns Boeing grounding may cost $1.4 billion

General Electric Co raised its 2019 forecast on Wednesday, but disclosed more than $1 billion in potential costs from Boeing's grounded 737 MAX jetliner, puncturing an early share rally.

Jul 31 2019

UPDATE 6-GE lifts forecast but warns Boeing grounding may cost $1.4 bln

July 31 General Electric Co raised its 2019 forecast on Wednesday, but disclosed more than $1 billion in potential costs from Boeing's grounded 737 MAX jetliner, puncturing an early share rally.

Jul 31 2019
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