General Electric will be replaced by Wallgreens Boots Alliance in the Dow Jones Industrial Average. Shares of embattled GE fell about 1.6% overnight following the announcement, while Walgreens rose 3%. The change will make the index more representative of the economy, S&P Dow Jones Indices said. Follow GE’s stock price […]
GE reported first quarter earnings that topped analyst expectations on Friday. The company’s power business saw profits decline by 29%, while renewables, transportation, and aviation grew. Shares were up more than 5% in pre-market trading. Follow General Electric’s stock price in real-time here. General Electric desperately needed good news for […]
General Electric‘s dividend is at risk unless two things happen, according to a note by Cowen analyst Gautam Khanna. GE has had a rough go of things lately, including a restructuring, dividend slash, and SEC investigation. Shares have fallen more than 50% in the past year. Watch GE stock trade […]
GE said it will restate its last two years of earnings following the adoption of new accounting standards. The move comes after the company revealed it was under investigation by the Securities and Exchange Commission over its accounting practices in its insurance business. The company also nominated three members to […]
Shares of General Electric erased some of its gains in pre-market trading on Wednesday after the company revealed it was being investigated by the Securities and Exchange Commission in its earnings call. The company reported fourth-quarter earnings on Wednesday before the bell, posting profits that fell short of Wall Street’s […]
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