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General Electric Co will invest more heavily in junk bonds, private equity and other high-yield investments to boost returns at its ailing insurance business, company executives said on Thursday.
The rise in bond prices is "definitely a recognition of the fact (Culp) does have a plan and that maybe things have bottomed out for GE," said Mark Jackson, portfolio manager at Diamond Hill Capital.
General Electric Co said on Tuesday it generated more profit and lost less cash than expected in the first quarter, suggesting an improving outlook under its new leader that sent its shares and ...
GE sold its remaining stake in the company in February 2006 for $2.8 billion. [11] [12] [13] In June 2006, the company agreed to buy AssetMark Investment Services for $230 million. [14] In 2007, another GE Capital insurance company, First Colony Life Insurance Company, merged with the company's life insurance division and became the surviving ...
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For 2023, GE posted the largest share appreciation of any U.S. industrial, clocking a gain of 95.8%, including value of the GE HealthCare stock investors received at the spinoff.
Prior to NBC, he held several posts at General Electric in the 1960s, 70s and 80s. He served as President and CEO of GE Capital, GE Financial Services 1983 to 1986 and served as GE's vice chairman until he retired from that role in 2008. [9] In 2005, Wright and his wife, Suzanne Wright, founded Autism Speaks. [10]