GE shares rise as company reports profit, settlement

Business 01/31/19, 09:19

After years of belt-tightening and spinoffs that ate into revenue and profits, General Electric Co. reported fourth-quarter net income of $761 million, sending shares up 10 percent n premarket trading.The company also reached a $1.5 billion settlement with the Department of Justice over its subprime mortgage business before the 2008 ...

GE slashes dividend, takes $22 billion charge in 3Q

Business 10/30/18, 07:16

General Electric Co. is slashing its dividend from 12 cents, to a penny, and taking a $22 billion impairment charge for its power division, which is a crucial segment of its operations going forward.The company swung to a third-quarter loss of $22.77 billion Tuesday, or $2.62 per share. Earnings, adjusted ...

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