Tag Archives: Ge

GE will sell its stake in Baker Hughes in the next 3 years

General Electric Co. GE, + 2.68% said Wednesday, reporting the second quarter results, that it is launching a program to fully monetize its ownership position in oil services company Baker Hughes Co. BKR, -2.81% for about three years. GE revealed Wednesday that it owned 377.4 million Baker Hughes shares, which …

Read More »

Boeing killed its 747 Jumbo Jet. This is why.

Text size Photograph by KAMIL KRZACZYNSKI / AFP via Getty Images Bloomberg reported Thursday that defense and aerospace business giant Boeing is unplugging its iconic double-decker 747 jumbo jet. It is a decision that has taken a long time to arrive. But it is not a surprise. The move was …

Read More »