Latest General Electric Co News

An Indian policeman wearing a virus themed helmet rides on a horse during an awareness rally aimed at preventing the spread of new coronavirus in Hyderabad, India, Thursday, April 2, 2020. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Mahesh Kumar A.)

Outbreak: bankruptcies, layoffs, quiet skies and empty rails

Apr. 2, 2020 4:38 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Thursday related to the global economy, the work place and the spread of the virus. ____________ ZOOM: At the end of last year, the video-conferencing company Zoom had about 10 million...

In this photo released by Xinhua News Agency, workers labor at an assembly line for Dongfeng Passenger Vehicle Company in Wuhan, in central China's Hubei Province, March 24, 2020. While many migrant workers across China remain trapped by travel bans due to the coronavirus, some industrial production has returned to action, including in the crucial auto manufacturing industry, which is largely based in Wuhan, and in businesses that provide critical links in global supply chains. (Xiao Yijiu/Xinhua via AP)

First signs of housing disruption appear; a call for robots

Mar. 25, 2020 7:13 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Here is a look at some of the latest developments Wednesday related to the global economy, particular economic sectors, and the workplace: HOUSING: Economists have been...

A person wearing protective masks due to coronavirus fears walks past a boarded up business in Philadelphia, Tuesday, March 24, 2020. (AP Photo/Matt Rourke)

Business Fallout: Nike cites jump in online sales in China

Mar. 24, 2020 8:33 PM EDT

The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Here's a look at developments Tuesday as central banks, businesses and workers attempt to navigate a global outbreak that has brought economic activity to a standstill. The latest...

A person wearing protective masks due to coronavirus fears walks past a boarded up business in Philadelphia, Tuesday, March 24, 2020. (AP Photo/Matt Rourke)

Business Fallout: Nike cites jump in online sales in China

Mar. 24, 2020 8:17 PM EDT

The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Here's a look at developments Tuesday as central banks, businesses and workers attempt to navigate a global outbreak that has brought economic activity to a standstill. The latest...

Barber Sami Matta, left, gives a haircut to Steve Perosino, of Dedham, Mass., right, at Chris & Sam's Barbershop, in Norwood, Mass., Monday, March 23, 2020. The Barbershop is to close by noon Tuesday, March 24, in keeping with Mass. Gov. Charlie Baker's order that all non-essential businesses close at noon Tuesday and remain closed through Tuesday, April 7, out of concern about the spread of the coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. The vast majority of people recover from the new virus. (AP Photo/Steven Senne)

Monday: Big layoffs, bigger hirings, massive markets swings

Mar. 23, 2020 4:57 PM EDT

The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Following are business developments Monday related to the outbreak as governments attempt to stabilize their economies, companies struggle to cope and millions of people face job losses...

In this Sunday, March 8, 2020, photo, residents wearing masks look at their smartphones near an advertisement for 5G smartphones from Chinese tech giant Huawei in Beijing. Factories in China, struggling to reopen after the coronavirus shut down the economy, face a new threat from U.S. anti-disease controls that might disrupt the flow of microchips and other components they need. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (AP Photo/Ng Han Guan)

Chinese factories face new threat: US anti-virus controls

Mar. 18, 2020 11:06 PM EDT

BEIJING (AP) — Factories in China, struggling to reopen after the coronavirus shut down the economy, face a new threat from U.S. anti-disease controls that might disrupt the flow of microchips and other components they need. The shock threatens to set back the ruling Communist Party's efforts to revive the...

Feds forge agreements for Superfund clean-up on Willamette

Mar. 10, 2020 1:51 PM EDT

PORTLAND, Ore. (AP) — The U.S. Environmental Protection Agency has announced eight new agreements with parties responsible for cleaning up the Portland Harbor Superfund Site on the Willamette River. The agency said it has now signed cleanup agreements covering more than half of the Superfund site area,...

Travelers at Seattle-Tacoma International Airport wear masks Tuesday, March 3, 2020, in SeaTac, Wash. Six of the 18 Western Washington residents with the coronavirus have died as health officials rush to test more suspected cases and communities brace for spread of the disease. All confirmed cases of the virus in Washington are in Snohomish and King counties. (AP Photo/Elaine Thompson)

Companies trim outlooks, travel and staff as virus spreads

Mar. 4, 2020 7:02 PM EST

GROUNDED AIRPLANES: United Airlines will cut international and U.S. flying, freeze hiring and ask employees to volunteer for unpaid leave as it struggles with weak demand for travel because of the new virus outbreak. United said Wednesday it will reduce passenger-carrying capacity 20% on international routes and...

FILE - In this Oct. 22, 2013 file photo, former Chairman and CEO of General Electric Jack Welch appears on CNBC on the floor of the New York Stock Exchange. Welch, who transformed General Electric Co. into a highly profitable multinational conglomerate and parlayed his legendary business acumen into a retirement career as a corporate leadership guru, has died at the age of 84. (AP Photo/Richard Drew, File)

Jack Welch, the GE chief who became a superstar, has died

Mar. 2, 2020 1:26 PM EST

BOSTON (AP) — Jack Welch, who transformed General Electric Co. into a highly profitable multinational conglomerate and parlayed his legendary business acumen into a retirement career as a corporate leadership guru, has died. He was 84. His death was confirmed Monday by GE. The cause of death was renal...

President Donald Trump speaks with reporters as he boards Air Force One as he departs Tuesday, Feb. 18, 2020, at Andrews Air Force Base, Md.(AP Photo/Alex Brandon)

Trump opposes possible ban on sale of jet engines to China

Feb. 18, 2020 3:05 PM EST

WASHINGTON (AP) — President Donald Trump signaled Tuesday via Twitter that he opposes efforts to block the sale of jet engines to China. Trump's tweets appeared intended to thwart a proposal from within his own administration to limit exports of engines jointly produced by General Electric and a French...