The General Electric Company (GE) has been subject to several significant events and business decisions in recent years. A $600 million deal saw the company sell Proficy to TPG, shifting its focus to grid software. GE has opened its first European research center in Germany, following an announcement by GE CEO Immelt of investment volumes totaling $52 million. The company has also made the decision to split, leading to transformations and innovations.
On the financial front, GE reported bullish Q4 results, causing the stock price to soar. However, there is also a perspective depicting the company as overbought and overvalued. Despite this, GE continues to invest, with recent news indicating the company's plans to pour nearly $1 billion into US manufacturing following a $3 billion investment in GE Appliances, leaving its core operations stable.
Recent developments also include the launching of GE Aerospace as an independent public company and the settlement of a securities class action for over $362 million.
Evolving with the market demands, GE Vernova aims to rekindle entrepreneurial zeal through advancements such as new AI-based software aiming at industrial sustainability and operation goals. However, it's worth noting that success has been met with challenges, such as job cuts in Schenectady and supply chain disruptions affecting engine availability for Boeing and Airbus.
General Electric Company GE News Analytics from Wed, 11 Jul 2018 07:00:00 GMT to Fri, 12 Sep 2025 13:21:39 GMT - Rating 5 - Innovation 6 - Information 8 - Rumor -4
