China’s invasion: US brands under Chinese control

China 10/29/21, 02:56

Some well-known U.S. brands appear to be homegrown but are supported by Chinese investors. In addition, there's an astounding number of American corporations acquired, operated, or partially controlled by Chinese companies. General Electric General Electric (GE) was a relatively small brand when it was founded in 1892. The business grew exponentially and ...

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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