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Articles for Culp, search results for healthcare

GE aviation and energy businesses start trading on NYSE, marking the end of the conglomerate
9 months, 1 week ago

GE aviation and energy businesses start trading on NYSE, marking the end of the conglomerate

Associated Press  

General Electric, long a symbol of American manufacturing and steeped in a rich history, is officially moving on from its existence as a sprawling conglomerate. In its heyday, GE’s stock became one of the most sought after on Wall Street under Jack Welch, one of America’s first CEO “superstars.” Nicknamed “the house that Jack built,” GE routinely outperformed peers and …

Energy Company Welch Ge Aerospace Culp Ge Vernova
GE earnings: Nearly $1 billion was wiped out by coronavirus
4 years, 8 months ago

GE earnings: Nearly $1 billion was wiped out by coronavirus

CNN  

New York CNN Business — General Electric’s turnaround has been disrupted by the coronavirus pandemic. The conglomerate said Wednesday it burned through $2.2 billion of cash during the first quarter as its jet engine business got slammed by a “rapid decline” in global commercial aviation orders in March. Yet GE’s industrial free cash flow burn rate nearly doubled during the …

Engine Sec Quarter Division Cash Free Cash Flow Its Results
GE’s stock has spiked 67% since its December low
5 years, 10 months ago

GE’s stock has spiked 67% since its December low

CNN  

New York CNN Business — The biggest comeback kid on Wall Street is 126 years old. “We are doing everything in our power to return GE to a position of strength,” Culp wrote in his inaugural annual shareholder letter on Wednesday. No fire sale Wall Street applauded GE’s decision to sell part — but not all — of its healthcare …

Company Biopharma Billion Last Year Wall Street Ipo Culp
GE inks $21 billion biopharma sale to Danaher in U-turn under Culp
5 years, 10 months ago

GE inks $21 billion biopharma sale to Danaher in U-turn under Culp

Live Mint  

General Electric said on Monday it would sell its biopharma business to Danaher Corp for $21.4 billion in the biggest strategy reversal since Lawrence Culp took over as the industrial conglomerate's chief executive in September. The biopharma sale also propelled a broad rally in GE's roughly $120 billion of bonds, which had taken a pounding in late 2018 as it …

Business Biopharma Deal Unit Danaher Culp