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“General Electric shares fall on supply chain, inflation woes” General Electric on Tuesday said fresh COVID-19-related lockdowns in China as well as the war in Ukraine have exacerbated supply chain disruptions and inflationary pressure, putting its full-year profit outlook at risk and plunging its shares. While the Boston-based industrial conglomerate retained the outlook issued in January, it…
“GE should pay $22B to clean up polluted Hudson River: NGO” General Electric should foot the bill for the estimated $22 billion it would cost to rehabilitate a 200-mile-long stretch of the Hudson River due to the company’s decades-long contamination of the New York state waterway, according to an environmental group. Scenic Hudson, the Hudson…
“GE recalling 150,000 refrigerators over fall hazard” More than 150,000 General Electric refrigerators are being recalled because of a fall hazard, according to the Consumer Product Safety Commission. The recall includes six models of the GE-brand French Door Refrigerators with bottom freezers in fingerprint-resistant stainless steel, which were sold at home improvement and home appliance stores nationwide…
“#Ex-GE boss Jeff Immelt bares his singed soul in ‘Hot Seat’” In “Hot Seat,” Jeff Immelt’s highly readable yet flawed account of his controversial tenure as CEO of General Electric, he wastes little time letting the reader know he was handed an impossible job when he took over the company from the legendary Jack Welch….
“#Harsh light on in-the-dark CEO’s failure” In March of 2017, Jeff Immelt was in his 16th year as CEO of General Electric and — at least in his head — he was remaking the iconic conglomerate into the very model of the modern industrial company. He was expanding the old — GE’s historic footprint in…
“#New GE app lets travelers check when airports are cleaned” Ever been in an airport bathroom and wondered when it was last disinfected? Now there’s an app for that. General Electric has a new app that lets travelers keep tabs on how often airport surfaces are sanitized in an effort to make people more comfortable…
“#General Electric receives Wells notice from SEC” General Electric said Tuesday it received a Wells notice, saying that the Securities and Exchange Commission staff is considering recommending a civil action against the company for possible violations of securities laws. The industrial conglomerate said the issues the regulator could pursue relate to the company’s run-off insurance…