Business

General Electric surges after announcing another spinoff as it leaves the Dow

4 monthes ago   |   By

Andrew Burton/Getty Images
General Electric said Monday it will exit its majority stake in Baker Hughes , an oilfield services company, over the next two to three years. It will also spin out GE Healthcare as a standalone company.
On Monday, GE said it would sell its distributed power business to a private equity firm for $3.25 billion.
The moves come as new CEO John Flannery approaches his anniversary at the company's helm, where he has set out sweeping cost-cutting and debt-reduction goals.
Follow GE's stock price in real-time here.
General Electric has found a way to tell investors some...
Read more ...

 

General Electric surges after announcing another spinoff as it leaves the Dow

General Electric surges after announcing another spinoff as it leaves the Dow

4 monthes ago   |   By

Andrew Burton/Getty Images
General Electric said Monday it will exit its majority stake in Baker Hughes, an oilfield services company, over the next two to three years. It will also spin out GE Healthcare as a standalone company.
On Monday, GE said it would sell its distributed power business to a private equity firm for $3.25 billion.
The moves come as new CEO John Flannery approaches his anniversary at the company's helm, where he has set out sweeping cost-cutting and debt-reduction goals.
Follow GE's stock price in real-time here.
General Electric has found a way to tell investors some...
Read more ...

 

GE will spin off its healthcare business and split from oil giant Baker Hughes in a massive reorganization

GE will spin off its healthcare business and split from oil giant Baker Hughes in a massive reorganization

4 monthes ago   |   By

General Electric
General Electric will spin off its healthcare business and divest its stake in oil-services company Baker Hughes, it said in a statement on Tuesday.
The moves come as part of a broad corporate reorganization that sees GE trying to shore up its balance sheet and streamline its businesses.
General Electric said on Tuesday that it will spin off its healthcare business and divest its stake in oil-services company Baker Hughes as part of a sweeping corporation reorganization.
The company is making these moves in order to focus on aviation, power, and renewable energy, according...
Read more ...

 

10 things you need to know before the opening bell

10 things you need to know before the opening bell

4 monthes ago   |   By

Toby Melville/Reuters
Here is what you need to know.
General Electric spins off its healthcare business. The company is also separating its oil-services company Baker Hughes as it looks to focus on its aviation, power, and renewable-energy units. See the rest of the story at Business Insider NOW WATCH: Learning to celebrate failure at a young age led to this billionaire's success See Also: A tourist tried to pat a wild lion on the head - and it's safe to say the lion was not impressed 'It's heartbreaking': A Texas landowner who sees immigrants cross through her property regularly says...
Read more ...

 

GE to spin off healthcare business, separate from oil giant Baker Hughes

GE to spin off healthcare business, separate from oil giant Baker Hughes

4 monthes ago   |   By

Nabil al-Jurani/AP
General Electric Co on Tuesday said it plans to spin off its healthcare business and separate its oil services company Baker Hughes.
It will now look to focus on aviation, power, and renewable energy.
GE's healthcare business had $19.11 billion in revenue in 2017, representing more than 15 percent of the company's annual sales.
GE's oil and gas unit reported sales of $17.23 billion in 2017.
- General Electric Co on Tuesday said it plans to spin off its healthcare business and separate its oil services company Baker Hughes, as it looks to streamline operations and focus...
Read more ...

 


Search by Tags

   Business      General electric stock price      Baker Hughes      Oilfield Services      John flannery      GE      Corporate      Renewal      Aviation      General Electric      GE Healthcare      Texas      Airlines      Discover      10 Things Before Opening Bell      Trader Chat      SPY      SPX      QQQ      DJIA      Places      Place      Oil worker      Reuters  


Experience the magical ambience of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

Experience the magical ambiance of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

Experience the magical ambiance of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

SaudiGulf Airlines To Add Ten A320neo Family Aircraft

SaudiGulf Airlines To Add Ten A320neo Family Aircraft

Al-Qahtani Aviation, owner of SaudiGulf Airlines, has signed an agreement to purchase ten A320neo family aircraft. The commitment was announced today at the Bahrain... Read more ...

Air New Zealand Adds More Flights Auckland-Gold Coast

Air New Zealand Adds More Flights Auckland-Gold Coast

From February 2019, the airline will add a new Monday return service between Auckland and the Gold Coast on the A321neo and move existing Tuesday, Friday, Saturday and Sunday... Read more ...

Hawaiian Airlines appoints Andrew Stanbury as Regional Director...

Hawaiian Airlines appoints Andrew Stanbury as Regional Director - Australia/New Zealand

Hawaiian Airlines today announced the appointment of Andrew Stanbury to the role of regional director for Australia and New Zealand, effective Jan. 2. Stanbury will be... Read more ...

Brussels Airlines Welcomes 98 New Flight Attendants

Brussels Airlines Welcomes 98 New Flight Attendants

Brussels Airlines welcomes 98 new colleagues to its cabin crew department. In November, a first group of 15 new employees begins their nine-week safety and commercial training... Read more ...

A Bird's-Eye View Of Moscow: Radisson Blu Olympiyskiy Hotel Opens Its Doors

A Bird's-Eye View Of Moscow: Radisson Blu Olympiyskiy Hotel Opens Its Doors

Radisson Blu, the upper upscale hotel brand that delivers a positive and personalized service in stylish spaces, is delighted to announce the partial opening of the newly built... Read more ...

WTM London declared the names of the winners of the 1st International Travel...

WTM London declared the names of the winners of the 1st International Travel & Tourism Awards

The lucky fourteen winners of the first International Travel & Tourism Awards, presented by WTM London, were made public only recently at an impressive awards ceremony... Read more ...

30% Off Black Friday Special on European Barge Cruises

30% Off Black Friday Special on European Barge Cruises

European Waterways announced a limited time Black Friday special of 30% off on select 6-night all-inclusive hotel barge cruises in Europe for spring 2019. The promotion... Read more ...

Swiss tourism focused on ratcheting up tourist numbers from India

Swiss tourism focused on ratcheting up tourist numbers from India

Reports suggest that in the recent years Switzerland has seen a significant rise in the number of Indian tourists. Now the country is looking to reach one million Indian... Read more ...

Jordanian tourism sector back on track as revenues increase

Jordanian tourism sector back on track as revenues increase

Central bank figures showed today that recovery of the tourism sector in Jordan appears well on track after revenues jumped to $4.5 billion, or 12.6 percent growth, during the... Read more ...

Amazon has a no-fee credit card that Prime members should strongly consider...

Amazon has a no-fee credit card that Prime members should strongly consider opening - if only for the 5% cash back on all their Amazon and Whole Foods purchases

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Amazon... Read more ...