General Electric Co shareholders offered their latest endorsement of new Chief E...
NEW YORK - General Electric Co shareholders offered their latest endorsement of new Chief Executive Larry Culp this week when they approved a 2018 pay package worth $15 million.
GE’s 10 largest outstanding U.S. bonds are up an average of 11.73% in the new year, besting the ICE BAML index of bonds rated BBB, which has a total return 6.5 3% in that time. That’s a stunning turn around for a basket of debt that had swooned so heavily last year that the bond market was rife with chatter that GE might lose its investment-grade credit rating.
“They have someone who recognizes that they need to delever and adjust cash flows and become a better operating company... Now there’s someone in charge who has a plan to actually accomplish those two very pressing needs.” Jackson also said he had bought the debt recently at least in part because of Culp’s potential to revive the company. “Yes I do have some exposure,” he said.
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GE owners give Culp wrong kind of endorsementShareholders of the U.S. conglomerate offered qualified support for the boss’s turnaround. They strongly backed his directors while casting a protest vote on pay. So it’s regrettable that they rejected a call for an independent chair, which could help avoid future problems.
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GE CEO expects weaker quarters for rest of 2019, higher China tariff costsGeneral Electric Co Chief Executive Larry Culp said on Wednesday that the compan...
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GE CEO says weaker quarters likely after 'good start' to yearGeneral Electric Co Chief Executive Larry Culp said on Wednesday the company wil...
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Bridgewater Co-CEO Eileen Murray Weighs Leaving World’s Largest Hedge FundBridgewater co-CEO Eileen Murray has held repeated conversations inside and outside of the firm about leaving the world’s largest hedge fund.
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GE Investors Gather to Elect Revamped Board, Air GripesGeneral Electric Chairman and CEO Larry Culp, who joined the company just a year ago, is expected to answer questions from investors at the shareholder meeting in Tarrytown, N.Y.
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GE to build Kosovo's new 500 MW coal power plantKosovo and London-listed power firm ContourGlobal said on Friday they had chosen...
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GE could rally another 80%, according to this chartGeneral Electric's shareholder meeting has experts focused on what's next in the company's sweeping turnaround plan, and where its stock could go.
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GE Investors Approve Executive Pay, Reject Plan to Appoint Independent ChairmanGE shareholders approved the company’s executive-compensation plans and rejected a proposal to appoint an independent chairman, but both measures garnered high levels of protest votes after two difficult years for the conglomerate.
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Don’t Forget: GE Cash Is Going Down a Black Hole, JPMorgan SaysJP Morgan analyst Stephen Tusa wrote in a report on Friday that bullish investors shouldn’t forget about GE Capital when valuing General Electric stock. He believes the company’s lending unit will remain a cash drain in the future.
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Conservatives, Labour need to compromise to get Brexit deal - UK ministerBoth the ruling Conservatives and the Labour opposition have to compromise to ge...
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Conservatives, Labour need to compromise to get Brexit deal: UK ministerBoth the ruling Conservatives and the Labour opposition have to compromise to ge...
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