Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

General Electric not dead, just busy being boring


by The Lex ColumnThe once-admired US company has seen a horror show of earnings restatements, corporate governance failures, and billion-dollar charges.


The shares are down more than 50 per cent in the past two years, an inexplicable result given strong global economic growth.


Late on Friday (AEST), however, Mr Flannery reported a mixed but refreshingly unsurprising picture.


GE is an industrial conglomerate that is meant to capitalise on an urbanising world thanks to superior management.


But GE's gas turbine business, which includes the $US10bn acquisition of Alstom, continues to be a mess.


The company plans to sell assets with $US20bn in revenue deemed non-core, a continuation of portfolio trimming that has gone on for years.


This, ultimately, may be the galvanic shock needed to return GE businesses fully to the land of the living.




READ MORE (The Australian Financial Review)


  • General Electric (GE) Shares Sold by BB&T CorpNewburgh Gazette
  • General Electric first-quarter earnings beat estimatesMarkets Morning
  • General Electric (GE) Expected to Post Earnings of $0.12 Per ShareThe Lincolnian Online
  • General Electric (GE) Stake Decreased by First National Bank & Trust Co. of ...The Lincolnian Online
  • General Electric Company (GE) Went Up to $14.5410,000 Couples
  • General Electric (NYSE:GE) Receives Sell Rating from DZ BankThe Ledger Gazette
  • General Electric In The First Quarter: Trust Is Nowhere In SightSeeking Alpha
  • General Electric (NYSE:GE) Sees Significant Growth in Short InterestThe Ledger Gazette
  • General Electric Company (GE)'s Stock Is Buy After Today's Huge IncreaseІnsіdеr Cаr Nеws


This post first appeared on The 5th News, please read the originial post: here

Share the post

General Electric not dead, just busy being boring

×

Subscribe to The 5th News

Get updates delivered right to your inbox!

Thank you for your subscription

×