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 …


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 …


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 …


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 …


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 …


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 and visit the "Purchases" area of your …


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 …


GE selling distributed power unit for $3.25B

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


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