A new type of investor has taken a chance on GE and is feeling validated by its recent biotech sale
For the newest investors in General Electric Co., the proof is in the $21 billion biotechnology deal.
The conglomerate’s agreement last week to sell that small but fast-growing business to Danaher Corp. provided a moment of validation to a group of value-seeking stock buyers who plowed into the stock at the end of 2018 amid fears the company was collapsing.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
GE Expects Negative Cash Flow in 2019General Electric CEO Larry Culp said the company would have negative cash flow in 2019 as its power business continues to struggle.
Leer más »
GE CEO Letters Decoded: Shrinking Ambitions and Disappearing BuzzwordsLarry Culp’s first shareholder letter as General Electric’s CEO was relatively brief, reflecting changes in the company, which has had three CEOs in three years, can only afford to pay a token dividend and is breaking itself apart.
Leer más »
GE shares rise as analysts say annual report reveals a major issue is 'likely contained'Wall Street analysts said GE's 'more detailed' disclosure of insurance liabilities shows less risk than last year.
Leer más »
Widely followed analyst Tusa says GE report shows 'material and negative' disclosuresGeneral Electric's latest annual update to shareholders justifies a below-consensus view on profit, according to J.P. Morgan's Stephen Tusa.
Leer más »
Wall Street slips as GE swoons, key market level loomsWall Street's main indexes dipped in a choppy session on Tuesday as a drop ...
Leer más »
Cramer Remix: GE's CEO has breathed new life into a fallen franchiseJim Cramer breaks down how General Electric has transformed with Larry Culp at the helm.
Leer más »
Cramer: GE CEO Larry Culp could have what it takes to turn the troubled power division aroundJim Cramer says CEO Larry Culp's first letter to shareholders is 'the most un-GE piece of correspondence I've ever seen. The culture shock here is downright stunning.'
Leer más »
Hard times favor skinny conglomeratesKraft Heinz’s stumble has dealt another blow to the notion of the diversified roll-up M&A machine. United Technologies, GE and Newell Brands had already got that message. Conglomerates can still work if they stay lean and keep cash on hand. Take Kraft investor Berkshire Hathaway.
Leer más »