News of GE (updated)

Here are a few good news on GE

Good news

• GE’s Power Division to Eliminate 12,000 Jobs After Misjudging Demand
• GE Brings Bad Things to Light
• GE, Baker Hughes Get a Breather
• Power Shift: How Natural Gas and Renewables Dethroned King Coal
• General Electric: Bad Timing?: GE could spin off Baker Hughes as soon as 2018
• Troubles Push GE to Consider a Breakup: A breakup would come just a few months after Mr. Flannery unveiled his plan to turnaround the struggling giant by focusing on its three core units—aviation, power and health care. In November, Mr. Flannery slashed the dividend by half and said he would divest $20 billion of assets, though he stopped short of the more dramatic structural changes he raised on Tuesday. On Tuesday, GE said it would book a $6.2 billion charge in its fourth quarter and would have to set aside $15 billion over seven years to bolster insurance reserves at its GE Capital unit, surprising investors with deeper-than-expected problems in a business many thought the company had left behind.
• GE breakup is likely and could come as soon as this spring: Sources

Neutral news

•  GE Overhauls Board, Dumps Longest Serving Directors, Names Three Outsiders: Announcement comes as federal regulators are examining GE’s accounting practices. The new board candidates are H. Lawrence Culp, 54 years old, the former CEO of Danaher Corp., Thomas Horton, 56, former head of American Airlines, and Leslie Seidman, 55, former chairman of the Financial Accounting Standards Board. The board changes will be voted on by shareholders at GE’s annual meeting in April.Eight directors are retiring from the board in the reshuffling, while lead director Jack Brennan, former head of mutual-fund giant Vanguard Group, will step down next year after being on the board since 2012.The directors stepping down include Qualcomm Inc. CEO Steve Mollenkopf and former Securities and Exchange Commission chief Mary Schapiro. Also leaving are former Avon CEO Andrea Jung and former advertising executive Rochelle Lazarus, who had served on the board since 1998 and 2000, respectivel