General Electric Company

Boeing, GE say faulty part caused shutdown of 777 engines in flight

2013-05-16 11:12:00

After two incidents in which engines shut down in mid-flight, Boeing Co. and General Electric Co. have warned 10 airlines of a possible mechanical problem with 777 passenger jets. The companies have traced the problem to a faulty part in the transfer...

Stocks surge to new highs after hiring climbs

2013-05-03 15:02:00

Stocks surged to all-time highs Friday when a surprisingly good jobs report finally gave investors a clear sign of U.S. economic strength after weeks of conflicting signals. The market jumped from the opening, traders donned party hats, and a wave of...

SEC accuses city of Victorville, others of fraud in bond sale

2013-04-30 00:00:00

Ever since the Department of Defense shut down George Air Force Base in 1992, the high desert town of Victorville has struggled to reinvent itself. The city encouraged massive residential and retail development. It invested in two new power plants....

Jack Welch tweets support for Jamie Dimon

2013-05-08 11:03:00

Jack Welch is throwing his support — such as it is — behind Jamie Dimon, the embattled leader of JPMorgan Chase & Co. Dimon is scrambling to hang on to the chairmanship of his company in the aftermath of an embarrassing trading mishap by the...

Apple's record $60-billion stock buyback cheers investors

2013-04-23 16:29:00

Apple released its second-quarter earnings Tuesday, but investors were more excited by the company's eye-popping $60-billion stock buyback. The buyback goes down as the largest share repurchase in history, funded by Apple’s massive cash hoard,...

Energy stocks lead a turnaround on Wall Street

2013-04-22 14:08:00

Investors remained cautious at the start of a big week for company earnings on Wall Street. About a third of the companies in the Standard & Poor's 500 index, including Exxon Mobil and Apple, are reporting earnings this week. Analysts currently expect...

UC Santa Barbara student leaders vote down divestment resolution

2013-04-11 14:19:00

This post has been corrected. See the note at the bottom for details Elected student leaders at UC Santa Barbara voted down a resolution early Thursday that would have urged the UC system to divest from�companies said to profit from anti-Palestinian...

Aereo fight is about money. MTV yanks 'Buckwild.' Lynton re-ups.

2013-04-10 07:42:00

After the coffee. Before emptying the cat box (well, you wanted to know). The Skinny: I stuffed myself silly at the premiere party for HBO's "Veep" last night so I'm feeling a little bloated this morning. Yes, it's a tough life. Wednesday's headlines...

How the relationship between employers and workers changed

2013-04-07 11:31:00

Decades ago, many workers spent their whole lives at the same job, retiring with a full pension, and maybe even a gold watch from their boss. Now, almost no one works at the same place for life, and there’s much less loyalty between employers...

GE to acquire Lufkin Industries to expand oil and gas business

2013-04-08 12:20:00

General Electric Co. has agreed to acquire Lufkin Industries Inc. for more than $3 billion as the mega-firm looks to grow its expanding oil and gas business. The $88.50-a-share offer from GE represents a 38.4% premium over Lufkin’s Friday $63.93...

Yvonne Brill dies at 88; developed revolutionary propulsion system

2013-04-05 20:02:00

Pioneering rocket scientist Yvonne Brill often referred to herself as an "only" — as in the sole woman in the room at a time when female scientists and engineers were exceedingly few. Brill began her career in 1945 and eventually developed a...

Comcast's Roberts paid $29 million; NBCU's Burke got $26 million

2013-04-05 15:06:00

Comcast Corp. Chief Executive Brian Roberts might run the nation's largest entertainment and cable TV company, but he ranks in the middle of the media pack in terms of salary and perks. Roberts received $29 million in compensation last year, an increase...

No. 8 General Electric 2013 Revenues: $146.9 billion General Electric engineers Katherine Coughlin (L) and Andrew Candelora discuss a project in development inside General Electric's New Product Implementation Accelerator Lab.

2013-05-06 12:52:30

Former General Electric Co. chief executive Jack Welch reportedly paid $100 million to resolve 2003 divorce with his wife, Jane.

2013-03-28 12:03:41

Former General Electric Co. chief executive Jack Welch reportedly paid $100 million to resolve 2003 divorce with his wife, Jane. The two are pictured at a 2001 NBC brunch in New York.

2013-03-28 11:23:00