Virginia's General Assembly is in the middle of a contentious fight over electric rates that could impact monthly utility bills for most businesses and residents. A bipartisan group of lawmakers … Click to Continue »
Want to save money? Stop paying for gas. Electric cars are generally more expensive to buy than conventional vehicles. The suggested retail price for a 2018 Nissan Leaf, the world’s best selling EV, is about $30,000 in the U.S. You can...Show More Summary
General Electric shares fell after the company said it will take a $11 billion charge in fourth quarter for tax changes and its insurance portfolio. Aleksandra Michalska reports. Video provided by Reuters
A fresh $6.2 billion post-tax charge provides another reason for the conglomerate to consider a breakup. But the value of G.E.’s businesses may make it hard to do.
After a disastrous 2017 for General Electric Company (NYSE: GE), investors hit their first 2018 bump in the road on Tuesday when the company announced it will take a $6.2 billion charge on its fourth-quarter earnings. In addition to the large charge, GE Capital will be suspending its dividend payments to GE. Show More Summary
(Reuters) - General Electric Co will record an after-tax charge of $6.2 billion in its fourth quarter results as part of an ongoing review of its finance arm's insurance portfolio, the company said. GE shares were down 3.7 percent in premarket trading on Tuesday. Show More Summary
General Electric said Tuesday it would book a one-off charge of $6.2 billion on its accounts for the fourth quarter of 2017, following a review of its insurance businesses.
General Electric is taking a $6.2-billion after-tax charge in the fourth quarter tied to its review and reserve testing of GE Capital's runoff insurance portfolio. GE Capital will also suspend its dividend to GE for the foreseeable future. "At a time when we are moving forward as a company, a charge...
Shares of General Electric are down 4% ahead of Tuesday’s opening bell after the company said it will take a $6.2 billion charge to its legacy long-term care insurance business. GE Capital, the company’s finance unit, will inject $15...Show More Summary
In the 20th century, General Motors outcompeted Ford. Ford was the early innovator, but GM was able to improve on Ford's achievements to become dominant. The same dynamic is now playing out between GM and Tesla, with electric cars and autonomous vehicles. About a century ago, give or take a decade, the Ford Motor Company was the American carmaker. Show More Summary
General Motors Co.’s fourth-generation autonomous car is rather different than the previous three iterations: it has no steering wheel or pedals. The vehicle, which was unveiled today, is a modified version of the automaker’s electric...Show More Summary
General Motors (GM) has revealed that it’s on track to put its first self-driving car on roads by 2019. Today, the company revealed the fourth generation of its electric driverless vehicle, the Cruise AV, will have no manual controls such as pedals or a steering wheel. Though many companies are already testing driverless cars on […]
General Motors revealed its fourth-generation self-driving vehicle. It has no traditional manual controls. The automaker expects to roll it out in 2019. No driver. No pedals. No steering wheel. Just seats and screens and doors that can close themselves. Show More Summary
General Electric's shares have made an impressive turnaround at the beginning of the year. GE stands to benefit from tax reform, buybacks, and the divestiture of its lighting and transportation business, but it's still too early to tell...Show More Summary
INTERNATIONAL - General Motors chief executive Mary Barra has made a bold promise to investors that the Detroit car maker will make money selling electric cars by 2021. What Barra has not explained in detail is how GM intends to do what,...Show More Summary
General Motors chief executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021, but analysts are sceptical. Fred Katayama reports. Video provided by Reuters
General Electric Company (NYSE: GE) investors may be more excited to start fresh in 2018 after GE was one of the 10 worst-performing stocks in the Standard & Poor's 500 index in 2017. Unfortunately, it may take at least one more year for GE stock to turn over a new leaf. As a result, the stock endured a parade of analyst downgrades and a credit cut by Moody's Investor Service.