Jeff Immelt

GE is trading at its lowest level since the financial crisis

Shares of General Electric sank 2.7% Wednesday, to hit $12.01, the stock's lowest level since the financial crisis in 2009.<p>GE's gross profit has fallen significantly from $59.19 billion in 2010 to just $11.49 billion in 2017. The stock has fallen in step.<p>CEO John Flannery, who took over last year …

General Electric

GE is trading at its lowest level since the financial crisis (GE)

• <b>General Electric plunged to a post-crisis low of $12.01 on Wednesday.</b>• <b><br>The once-sprawling conglomerate is in the middle of a turnaround effort, led by new CEO John Flannery, but those changes have been slow to change the stock's trajectory.</b>• <b><br>Follow GE's stock price in real-time here.</b><p>Shares of General …

Markets

Somerville 3-D Printing Startup Valued At $1B

Formlabs also recently added former GE chairman and CEO Jeff Immelt to its board.<p>SOMERVILLE, MA – A Somerville-based 3-D printing startup was …

General Electric

The former CEO of GE pinpoints the moment he realized healthcare was his problem

Chip Somodevilla/Getty Images<p><b>Jeff Immelt, the former CEO of General Electric, can pinpoint the day he understood that employee healthcare was his</b> …

Health Care

Formlabs Raises $15 Million, Welcomes Jeff Immelt to Board of Directors

It’s been a lucrative year so far for Formlabs, which raised $30 million in Series C funding earlier this year and announced that it planned to …

Manufacturing

Somerville-based 3D printer company said it achieves billion-dollar valuation

Formlabs said it is now a unicorn—a startup valued at more than $1 billion, based on new fundraising round.

Venture Capital

Formlabs goes unicorn with latest funding round

With its latest funding round, Formlabs has achieved unicorn status. The Massachusetts-based 3D printing startup just raised another $15 million. The latest round brings its total funding up to $100 million, and puts the company in the relatively rare air of hardware startups with valuations in …

Startups

Formlabs raises funding from NEA, now value over $1 bln

Somerville, Massachusetts-based <b>Formlabs</b>, maker of 3D printing systems, announced it has raised $15 million in funding from <b>New Enterprise Associates</b>. …

General Electric

Formlabs Is the Latest Unicorn in Boston Tech After $15M Round

The list of Boston private companies having valuations of at least $1 billion, also known as “unicorns,” keeps getting longer.Less than a month after …

Boston

Jeff Immelt joins board of San Francisco digital health company as part of his second act in health care

Ex-GE CEO Jeff Immelt has joined the board of San Francisco digital health company Collective Health as part of his new business efforts in the …

Digital Health

GE Digital Could Be the Latest Cast-Off From General Electric's Ever-Shrinking Portfolio

General Electric is on the lookout for a buyer for the key cogs to its digital business, GE Digital. It has hired an investment bank to orchestrate …

General Electric

GE Puts Digital Assets on the Block

Software development was a key initiative of former CEO Jeff Immelt<p>By<p>Dana Cimilluca ,<p>Dana Mattioli and<p>Thomas Gryta<p>General Electric Co. is seeking a buyer for key parts of its digital unit as the conglomerate unwinds a signature initiative of former Chief Executive Jeff Immelt that loses money …

General Electric

[$$] GE Puts Digital Assets on the Block

General Electric Co. is seeking a buyer for key parts of its digital unit as the conglomerate unwinds a signature initiative of former Chief …

General Electric

PRESS DIGEST- Wall Street Journal - July 31

July 31 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their …

Wall Street

GE is looking to sell digital business that was key part of ex-CEO Immelt’s strategy

General Electric Co. is seeking a buyer for key parts of its digital business as the beleaguered industrial conglomerate unwinds a signature …

General Electric

General Electric seeks a buyer for its digital assets

General Electric’s big bet on GE Digital has fallen short and it is now is seeking a buyer for key parts of its business.<p>The 126-year-old conglomerate has hired an investment bank to run an auction for its digital operations, according to the Wall Street Journal. It is not known exactly what GE has …

General Electric

GE reportedly looking to sell parts of software business

A sale would mark a further departure from former CEO Jeff Immelt’s vision for the company when he decided to move GE’s headquarters to Boston.

Enterprise Tech

GE looking to sell its digital assets - WSJ

(Reuters) - General Electric Co (GE.N) is looking to sell key parts of its digital business, the Wall Street Journal reported.<p>The industrial …

General Electric

Management guru Jack Welch fuming as successors dismantle house he built

Although 82 years old and long-since retired, an aura still surrounds former General Electric CEO, the legendary management guru Jack Welch. Son of a …

General Electric

Breakingviews - GE’s clean sheet reveals real turnaround challenge

NEW YORK (Reuters Breakingviews) - A quarterly earnings report without big writedowns represents a victory of sorts for General Electric boss John Flannery. Sure, the U.S. conglomerate’s earnings fell by nearly one-third year-on-year in the three months ended June 30 – but at least the nature of …

General Electric

What the sad decline of GE tells us about America's cultish CEO worship

GE's problems are the fault of Jeff Immelt, but also of Jack Welch: Our view<p>The fall of General Electric has been nothing short of spectacular. The world’s most valuable company in 2000, it has been in a state of accelerating decline ever since. It has sold off key units. Just last month it …

General Electric

Jack Welch successor destroyed GE he inherited

Jack Welch developed a healthy company. His only mistake was choosing the weakest of possible successors: Opposing view<p>When Jack Welch turned the keys of the General Electric Co. over to Jeff Immelt in 2001, GE was a well-run and greatly admired profit machine, stocked with exceptional management …

General Electric

GE's Former CEO Jeff Immelt Joins Board of 3-D Printing Unicorn Desktop Metal

Jeff Immelt, former chief executive of General Electric, has joined the board of 3-D metal printing startup Desktop Metal, bringing the knowledge gained from pushing the industrial behemoth into additive manufacturing.<p>Immelt, 62, who retired as chairman of GE last October after stepping aside as …

Entrepreneurship

Jeff Immelt joins board of Burlington-based Desktop Metal

General Electric was one of the investors that reportedly made Desktop Metal a billion-dollar startup last year. Now its former CEO is taking a board …

General Electric

Who Killed the GE Model?

Who killed GE?<p>Of course, GE is not dead, and it may well revive and flourish as a company. After all, IBM came back from the dead in the 1990s. But the <i>GE model</i> is dead — and there’s a long list of possible suspects.<p>The GE conglomerate combined a wide range of industrial businesses under one roof. …

Business School

Why GE's Jeff Immelt Lost His Job: Disruption and Activist Investors

Description<p>Publication Date: <b>October 30, 2017</b><p>Was the company's focus on lean innovation a failure? Or did investors just get impatient?<p>Product #: <b>H03ZHX-PDF-ENG</b><p>RELATED TOPICS:<p>How to Download<p>To download this product after your purchase, simply sign-in to hbr.org and visit the "Purchases" area of your …

Investing

Does GE Finally Have the Right CEO?

General Electric (GE)—and its investors—has been let down by its chief executives. Can John Flannery finally do right by the company, which was …

General Electric

'His legacy is tarnished': The big shake-up at GE is a direct challenge to former CEO Jeff Immelt's most prized achievements

The legacy Jeff Immelt left behind at General Electric is officially on life support.<p>Perhaps the biggest blow to date was landed on Tuesday, when the company said it plans to spin off its healthcare business and divest its stake in oil-services company Baker Hughes.<p>It wasn't just that John …

Business

GE selling distributed power unit for $3.25B

GE is selling its distributed power business to Advent International for $3.25B

Selling

Here's What General Electric's Healthcare Spinoff Means for Its Stock

General Electric (GE) is making some major changes.<p>It's spinning off its healthcare unit and selling its stake in Baker Hughes (BHGE) , an oil field …

General Electric