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New York Times

At GE, $6.2 Billion Charge for Finance Unit Hurts CEO's Turnaround Push
New York Times
Only a few nonindustrial finance businesses remain within GE Capital. The newly disclosed trouble surfaced in one of those, a reinsurance unit, North American Life and Health, mainly because of the higher-than-expected cost of reinsuring long-term care ...
GE to pay $15B for past mistakes amid breakup speculation - ABC ...ABC News
GE Shares Dive on $6.2 Billion Charge for Problems in Its Finance UnitFortune
GE breakup could happen, CEO suggestsCBS News
Bloomberg -TheStreet.com -Zacks Investment Research -SEC.gov
all 520 news articles »


CBS News

GE Capital's woes revive breakup talk
Fort Wayne Journal Gazette
BOSTON – General Electric Co. is signaling it may undergo a more comprehensive transformation, a decade after breaking off substantial pieces of the multinational conglomerate in a bid to a return to its industrial roots. CEO John Flannery, who was put ...
Nestlé Agrees to Sell U.S. Confectionery Business to Ferrero - Nestlé USANestlé USA
Nutella Maker to Pay $2.8 Billion for Nestle US Candy UnitBloomberg

all 212 news articles »


White Oak Global Advisors Completes $550 Million Transaction with GE Capital Aviation Services
Nasdaq
... the growth, acquisitions, refinancings and recapitalizations of small and medium size enterprises. With over $7bn of capital invested in over 500 companies, White Oak provides small and medium size enterprises with term loans, asset-based lending ...

and more »


GE: More Doubts Emerge, Making Me Still More Cautious
Seeking Alpha
GE shocks the market with essentially a $15 billion shortfall at GE Capital in the coming seven years. The losses show up after the last insurance policies have been written over 10 years ago, which smells very bad. After I turned cautiously optimistic ...



CNBC

Beware the 'black hole' that is GE, market watcher warns
CNBC
"There's still a lot of unknowns right now and, if anything, these write-offs actually highlight just how much wasn't known up until now," said Gina Sanchez of Chantico Global, who also holds a pessimistic outlook on GE. The GE Capital subsidiary said ...



FOX13 Memphis

GE to pay $15B for past mistakes amid breakup speculation
FOX13 Memphis
To make up for the shortfall, GE Capital will divert $15 billion into North American Life through 2024. In the shorter term, GE will take a $6.2 billion charge on its fourth-quarter earnings, which will be announced later this month. GE Capital will ...



Seeking Alpha

GE: On A Wing And A Prayer
Seeking Alpha
As I argued previously, when I assumed GE Capital, or GEC, was worth "peanuts," value destruction is a real risk for shareholders, whose holdings are now worth about $18, down 4% at the time of writing on Tuesday. It is now easier to figure out what is ...



Dayton Daily News

GE to take $6.2 billion charge tied to GE Capital
Dayton Daily News
FILE - In this June 12, 2017, file photo, the General Electric logo appears above a trading post on the floor of the New York Stock Exchange. General Electric says it will take a $6.2 billion after-tax charge in the fourth quarter tied to its review ...



Wall Street Journal

Troubles Push GE to Consider a Breakup - WSJ
Wall Street Journal
General Electric is considering breaking itself apart, its chief executive said, after disclosing more problems buried in one of its major units.



GoErie.com

GE boss to study breakup
GoErie.com
Flannery said Tuesday he would continue to review the company's strategic options and update investors in the spring. GE had staged a modest rebound this year through Jan. 12, with a 7.5 percent advance. GE will take a $9.5 billion pretax charge ...
GE's 2018 gains wiped out as worries about turnaround plan persistReuters
What Does General Electric Company (GE) Insurance Portfolio Review Spell Out for Potential Breakup?Smarter Analyst
The Zacks Analyst Blog Highlights: General Electric, Baker Hughes, Comcast, Honeywell and United TechnologiesNasdaq
Investorplace.com -Economic Times
all 100 news articles »

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