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General Electric Shares Burn Bright on Recovery Bets

By Sinéad Carew(Reuters) - While the gyrations of so-called meme stocks have taken the spotlight, less trendy General Electric has been...
Tags: General Electric, Sinéad Carew Reuters


CEOs like Google's Sundar Pichai and Microsoft's Satya Nadella are among the most overpaid CEOs, according to a new report

Google CEO Sundar Pichai speaks during a developers conference. REUTERS/Stephen Lam As You Sow has released its seventh annual report detailing the 100 most overpaid CEOs. The top 30 CEOs on the list includes Alphabet's Sundar Pichai and Microsoft's Satya Nadella. Nine companies have made the list every year, including Walt Disney, Goldman Sachs, and IBM. Visit the Business section of Insider for more stories. CEOs like Alphabet's Sundar Pichai and Microsoft's Satya Nadella are among the t...
Tags: Google, Facebook, News, Microsoft, Satya Nadella, Trends, Ceo, Intel, Walgreens, Discovery, Comcast, T-mobile, Ibm, Silicon Valley, Walt Disney Company, Ralph Lauren


Tech stocks tumble as investors balk at lofty valuations

Traders work on the floor of the New York Stock Exchange (NYSE) on November 20, 2019 in New York City Spencer Platt/Getty Images US stocks closed mixed with the tech-heavy Nasdaq losing over 2% as investors pivot out of highly-valued tech stocks.SPAC Churchill Capital IV spiked as much as 19% on a report a deal with EV maker Lucid Motors could come as soon as Tuesday.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks were mixed on Monday with tech stocks pu...
Tags: Ge, US, Trends, Markets, Oil Prices, Bloomberg, Joe Biden, Bitcoin, Reddit, Goldman Sachs, Federal Reserve, General Electric, Dow Jones, S&P 500, Churchill, Gamestop


United will still fly the Boeing 777-200 after a scary engine failure in Colorado - but the ones still flying have a different engine

A United Airlines Boeing 777. Nicolas Economou/NurPhoto/Getty United Airlines' fleet of 24 Boeing 777-200 aircraft has been grounded by the Federal Aviation Administration, but the aircraft will keep flying. A fleet of 22 United Boeing 777-200s are unaffected as they're powered by General Electric engines. Passengers booked on the 777 might still fly on the aircraft but others will be moved to different jets.  Visit the Business section of Insider for more stories. The Federal Aviation Adm...
Tags: Travel, Transportation, News, Air Travel, Colorado, Planes, Trends, Flying, Aviation, Faa, General Electric, Boeing, Denver, United, United Airlines, Federal Aviation Administration


GE could jump 20% amid strong cash flow and power-business momentum, Goldman Sachs says

Larry Culp, CEO of General Electric. Boston Globe/Getty Images Goldman Sachs analysts sat down with GE executives on Friday to discuss the company's operations and financials. The analysts came away "encouraged" by free cash flow and power business momentum at the company. GE notched a surprise FCF windfall in its most recent earnings release, posting $4.37 billion in industrial FCF vs. an expected $2.5 billion. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Gene...
Tags: Ge, Trends, Markets, Goldman Sachs, General Electric, Goldman, EBIT, Ritchie, FCF, Larry Culp, Joe Ritchie, Analyst Commentary, General Electric Stock Price, Will Daniel, GE stock, Opening Bell General Electric


Experts say the plane and engine used by United have a safe track record - and the scary landing in Colorado should have minimal impact on the airline

The United Airlines Boeing 777-222 that experienced an in-flight engine failure. AaronP/Bauer-Griffin/GC Images A United Airlines jet made an emergency landing after an engine failure on Saturday. Three aviation regulators have effectively grounded Boeing 777s with PW4000-112 engines pending an investigation.  Experts say the issue isn't likely systemic with the plane or engine, given the track record of both.  Only 69 aircraft in the world are affected, and United is the only US carrier w...
Tags: Travel, Transportation, Japan, News, Colorado, US, San Francisco, Trends, Chicago, Flying, Hawaii, Aviation, Airlines, Engines, Faa, General Electric


Siemens Energy CEO says group has received GE lawsuit

Siemens Energy has received a lawsuit filed by rival General Electric accusing a unit of the German firm of using stolen trade secrets...
Tags: Ge, General Electric, Siemens Energy, Siemens Energy CEO


First Look: Leadership Books for February 2021

Here's a look at some of the best leadership books to be released in February 2021. Don't miss out on other great new and future releases not listed here. Think Again: The Power of Knowing What You Don't Know by Adam Grant Intelligence is usually seen as the ability to think and learn, but in a rapidly changing world, there's another set of cognitive skills that might matter more: the ability to rethink and unlearn. In our daily lives, too many of us favor the comfort of conviction over the dis...
Tags: Books, Leadership, Ge, General Electric, Don, Jeff Immelt, Barron, Instagram and Facebook, Amy Wallace, Immelt, Novelli, Lin Yutang, Ian Leslie, Joann S Lublin, Bill Novelli, Adam Grant Intelligence


The Boeing 777X won't be delivered to airlines until late 2023. Take a look at the enormous new flagship Boeing hopes will be its redemption.

The first flight of the Boeing 777X. Stephen Brashear/Getty Boeing's newest aircraft, the Boeing 777X, flew for the first time in January 2020 after lengthy delays. It's the largest twin-engine jet in the world and Boeing's latest new aircraft to fly since the grounding of the 737 Max. Pandemic-related delays, however, have further pushed back its first delivery until late 2023.  Visit Business Insider's homepage for more stories. Boeing's latest history-making plane continues to be delaye...
Tags: Travel, Transportation, News, Ge, Washington, Singapore, Planes, Trends, Features, Flight, Aircraft, Emirates, Aviation, Jets, Airbus, Seattle


US stocks edge lower ahead of major earnings reports

Mario Tama/Getty Images US stocks ended lower on Tuesday as investors awaited earnings reports from tech giants. The S&P 500 and Nasdaq composite touched record highs earlier in the day.Microsoft is slated to report fiscal second-quarter results when the market closes. Apple and Tesla will report figures on Wednesday.Retail traders continued to boost GameStop, BlackBerry, and other favorites, extending the unorthodox rally that began earlier this month.Sign up here for our daily newsletter...
Tags: Apple, Energy, Verizon, Facebook, Microsoft, US, Trends, Tesla, Joe Biden, Gop, Reddit, Ubs, Treasury, Goldman Sachs, Pfizer, Biden


General Electric surges after earnings show strong cash flow and improving profitability

General Electric reports strong earnings. Hussein Faleh/Getty Images GE stock surged as much as 10% on Tuesday after the company reported strong cash flow and improving profitability. GE finished the fourth quarter with $4.4 billion in industrial free cash flow, beating its own estimates by nearly $2 billion. The company continued to struggle with revenue, however, marking a 16% year-over-year drop in the quarter. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Ge...
Tags: Ge, Trends, SEC, General Electric, Lawrence Culp Jr, SPAC ETF, Will Daniel, Hussein Faleh Getty Images GE, Things Before the Opening Bell General Electric, Power and Renewable Energy GE


S&P 500 hits record high as investors prepare for blue-chip earnings reports

Craig Ruttle/AP US stocks hovered near record highs on Tuesday as investors awaited earnings reports from tech giants. The S&P 500 hit an intraday all-time peak in early trading.Microsoft is slated to report fiscal second-quarter results when the market closes. Apple and Tesla will report figures on Wednesday.Retail traders continued to bid up GameStop, BlackBerry, and other favorites through volatile, Reddit-fueled momentum trades.Sign up here for our daily newsletter, 10 Things Before th...
Tags: Apple, Verizon, Facebook, Microsoft, Senate, US, Trends, Markets, Tesla, Joe Biden, Gop, Reddit, Ubs, Treasury, Goldman Sachs, Nasdaq


General Electric shares pop on better-than-expected industrial cash flow, rosy outlook

The conglomerate has continued to pay down its debt during the pandemic and cut costs through, for example, layoffs in its aviation business.
Tags: General Electric


United States: GE Agrees To Pay $200 Million Penalty To Settle SEC Enforcement Action For Disclosure Violations - Foley Hoag LLP

Last month, General Electric agreed to pay a $200 million penalty to settle an SEC enforcement action arising from alleged disclosure violations concerning the company's power and health...
Tags: News, Ge, United States, SEC, General Electric


Biden will be the first president to use the new Air Force One - here's what we know about the $5.3 billion aircraft

Air Force One. w_p_o/Shutterstock.com The current Air Force One aircraft are scheduled to be upgraded with the replacements to soon be delivered to Andrews Air Force Base for use by the president and his staff.  The Boeing 747-8i aircraft will be replacing the aging models first used by President George H.W. Bush in the early 1990s. Despite cost-saving efforts by President Donald Trump, the replacement program is still estimated to cost $5.3 billion. The most recognizable plane in the worl...
Tags: Travel, Transportation, Politics, Hollywood, Air Travel, California, Washington, Cbs News, Life, White House, Planes, US, Tel Aviv, Barack Obama, Trends, Bloomberg


What You Can Learn from The Past 100 Years of Investment Returns

Did you know that your great grandfather could’ve turned $3,000 into a $41 million family estate if he just stayed invested in either the Dow Jones Industrial Average or S&P 500 since 1920? I read a fascinating piece recently from Barron’s as part of their celebration of the publication turning 100 years old. They dug into past history and found that both market indices returned about 10% a year in the past decade. If one were to be invested in the US market this whole time, a very respectable ...
Tags: Marketing, US, Investing, Tesla, Ira, Amd, General Electric, Sam, Coca Cola, Vanguard, Uncle Sam, Barron, US Steel, ROTH IRA, John Bogle, Long Term Investing


IBM leads U.S. patent list for 2020 as total numbers decline 1% in pandemic year to 352,000

One year in, the Covid-19 global health pandemic continues to have something of a dragging effect on many aspects of life, but today a key bellwether for how technology is developing underscored how the industry continues to march on. The number of patents granted in the US in 2020 totaled 352,013, representing a decline of just under 1% compared to the year before (the final tally for 2019 was 354,428 patents granted). At the same time, patent applications rose almost 5% last year, a sign of ho...
Tags: Apple, Google, TC, Facebook, Microsoft, US, Samsung, Tech, Cisco, Intel, NEC, Ford, Gm, Sony, Ibm, Toyota


GE won't claw back former CEO Jeff Immelt's pay after private jet scandal

Jeff Immelt's 16 years at the helm of General Electric left the company in shambles. The once-great company was drowning in debt, under fire from authorities and facing severe financial stress.
Tags: Ge, Cnn, General Electric, Jeff Immelt


GE won't claw back former CEO's pay after scandal

Jeff Immelt's 16 years at the helm of General Electric left the company in shambles. The once-great company was drowning in debt, under fire from authorities and facing severe financial stress.
Tags: News, Ge, Stories, General Electric, Jeff Immelt


Daily Crunch: NYSE won’t delist Chinese telcos

The New York Stock Exchange reverses course, Nintendo acquires a game studio and an Indian electronics and lifestyle startup raises $100 million. This is your Daily Crunch for January 5, 2021. The big story: NYSE won’t delist Chinese telcos The New York Stock Exchange is reversing a recent decision to delist China’s three major telecom operators — China Mobile, China Unicom and China Telecom — which was supposed to be part of a Trump administration policy to block investment in companies that su...
Tags: New York, Ge, China, US, Billie, Tech, Policy, Canada, Alibaba, Nintendo, New York Stock Exchange, General Electric, Jack Ma, Warburg Pincus, Ftc, Nyse


C by GE gets rebranded under new ownership, expands beyond lighting

There’s a decent chance you missed the news back in May — there was, after all, a lot going on at the time. General Electric sold off its more than 100-year-old GE Lighting division to smart home company Savant. Today, the division’s new owner is announcing a key rebranding effort, six months after the initial deal. Clearly there’s still value in the GE name, even divorced of its original parent company. In its new home, the C by GE line is getting a rebrand, however. Seems totally reasonable...
Tags: Amazon, Hardware, Ge, Tech, General Electric, GE Lighting, Savant, CES 2021, Savant Today, CES Smart


Delusion, fraud and the role of the SEC - the General Electric long-term care case

Luckin Coffee just settled with the SEC for a fine which I guess will be paid by shareholders. Given that the whole thing is a massive admitted fraud being paid by "shareholders" is a pretty moot case. There is not much evidence that the shareholders have anything left. Other than any part of the fine that might be distributed to them I doubt the shareholders ever get a penny.Whatever: this prompted a twitter debate about the fine paid by General Electric after their long-term-care debacle.This ...
Tags: Business, Ge, China, America, United States, SEC, John, General Electric, John Hempton, Stephanie Avakian, Francine McKenna, Luckin Coffee, Luckin, State Insurance Commissioners, Luckin Coffee fraud Now GE




This early Air Force bomber made the B-52 look puny

The first B-36 to arrive at Carswell Air Force Base in Ft. Worth, Texas, next to a B-29 Superfortress, June 1948. US Air Force The B-52 has been one of the Air Force's go-to bombers for nearly a century. But for a decade early in the Cold War, the B-52 was dwarfed by another US bomber: the B-36 Peacemaker. Visit Business Insider's homepage for more stories. The Boeing B-52 Stratofortress has the nickname "Big Ugly Fat F---er" - or just the BUFF - but is it the biggest bomber that ever serv...
Tags: US, Trends, Air Force, General Electric, Whitney, Boeing, US Air Force, Stewart, Pratt, Jimmy Stewart, Carswell Air Force Base, Strategic Air Command, Ft Worth Texas, Rich Gannon, Strategic Command, National Museum of the Air Force


GE misled investors before its stock imploded, SEC says

General Electric misled shareholders about the deterioration of its insurance and power businesses in the years before its stock price imploded, according to the Securities and Exchange Commission.
Tags: Ge, Cnn, SEC, General Electric


Warren Buffett's Berkshire Hathaway sees major upside from Scripps' $2.7 billion takeover of ION Media, CEO says

AP Images Warren Buffett's Berkshire Hathaway partly funded Scripps' $2.7 billion takeover of ION Media because it expects the merger to pay off handsomely, Scripps CEO Adam Symson said at a virtual UBS conference on Tuesday."Think about why Berkshire is into this investment, it's because they see the same thing we do," Symson said. "Tremendous opportunity bringing these businesses together."Buffett's company has agreed to invest $600 million in Scripps in exchange for preferred stock payi...
Tags: Trends, Ubs, Berkshire Hathaway, Warren Buffett, Goldman Sachs, General Electric, Berkshire, Buffett, Scripps, Franklin Templeton, Adam Symson, Symson, Theron Mohamed, ION Media, ION Media CEO


Researchers say hardcoded passwords in GE medical imaging devices could put patient data at risk

Dozens of medical imaging devices built by General Electric are secured with hardcoded default passwords that can’t be easily changed, but could be exploited to access sensitive patient scans, according to new findings by security firm CyberMDX. The researchers said that an attacker would only need to be on the same network to exploit a vulnerable device, such as by tricking an employee into opening an email with malware. From there, the attacker could use those unchanged hardcoded passwords to ...
Tags: New York, Ge, Tech, Homeland Security, General Electric, GE Healthcare, Luz, Elad Luz, CyberMDX, CISA Customers, Hannah Huntly


The 'Warren Buffett of bonds' is stepping back from managing portfolios. He has plenty in common with the Berkshire Hathaway boss

Dan Fuss. Brendan McDermid/Reuters The "Warren Buffett of Bonds" is stepping back from managing portfolios.Dan Fuss, the 87-year-old comanager of Loomis Sayles' flagship $9.1 billion bond fund, will shift to a senior advisor role in March and remain a top executive at the firm.Buffett and Fuss are both known for their exhaustive analyses of potential investments, market-beating returns over several decades, and eagerness to seek out opportunities during crises.Visit Business Insider's ho...
Tags: Trends, Bloomberg, Deutsche Bank, Berkshire Hathaway, Warren Buffett, Goldman Sachs, General Electric, Berkshire, Buffett, Lehman Brothers, Dan Fuss, Theron Mohamed, Loomis Sayles, Dan Fuss Brendan McDermid Reuters, Kevin Charleston, Berkshire Fuss


Warren Buffett joked that he would be 'eating Thanksgiving dinner at McDonald's' if the US government hadn't bailed out the banks in 2008

Warren Buffett loves McDonald's. "Becoming Warren Buffett"/HBO Warren Buffett joked in a CNBC interview in 2010 that he would've faced a fast-food Thanksgiving in 2008 if US authorities hadn't saved the financial system."If the government hadn't acted, I would be eating Thanksgiving dinner at McDonald's," he said.The famed investor and Berkshire Hathaway CEO wouldn't mind too much, as he typically picks up breakfast at the restaurant chain on his way to work.Buffett is also the proud ow...
Tags: Hong Kong, US, Trends, Tesla, New York Times, Bill Gates, Treasury, Berkshire Hathaway, Omaha, Warren Buffett, Goldman Sachs, Morgan Stanley, General Electric, Sam, ESG, Lazard


Warren Buffett joked he would be 'eating Thanksgiving dinner at McDonald's' if the US government didn't bail out the banks in 2008

Warren Buffett loves McDonald's. "Becoming Warren Buffett"/HBO Warren Buffett faced a fast-food Thanksgiving in 2008 if US authorities didn't save the financial system, he joked in a CNBC interview in 2010."If the government hadn't acted, I would be eating Thanksgiving dinner at McDonald's," he said.The famed investor and Berkshire Hathaway CEO wouldn't mind too much, as he picks up breakfast at the restaurant chain on his way to work every day.Buffett is also the proud owner of a Mc...
Tags: Hong Kong, US, Trends, Tesla, New York Times, Bill Gates, Treasury, Berkshire Hathaway, Omaha, Warren Buffett, Goldman Sachs, Morgan Stanley, General Electric, Sam, ESG, Lazard