GE will receive $2.7 billion in net proceeds from reducing its stake in Baker Hughes. GE announced tender offers for its dollar- and euro-denominated bonds.
New regulatory problems may further delay Boeing’s (BA) delivery of its first ultra-long-range 777X series plane, hindering some airlines' plans.
In another setback, Boeing's (BA) long-haul and wide-body 777X variant failed a stress test. The test was part of the FAA's certification process.
On Wednesday, General Electric (GE) stock rose 5.6% after a top Wall Street analyst made some positive remarks about its turnaround efforts.
GE stock has fallen on Thursday. Harry Markopolos, the whistleblower, stated that the company's financial filings masked the extent of its problems.
On Wednesday, US stock indexes fell due to recession signals. The Dow Jones Industrial Average (DIA) was the worst performer with a 3.05% fall.
General Electric (GE) stock has been on a downward trajectory since the company reported its Q2 earnings on July 31.
President Trump said that the strong dollar is making it difficult for US manufacturers to compete. The weak dollar could fuel a currency war.