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LARRY CULP


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CEO pay rose nearly 10% in 2024 as stock prices and profits soared

Read full article: CEO pay rose nearly 10% in 2024 as stock prices and profits soared

The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply.

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Tackling tariffs: What some companies are saying, and doing, about tariffs

Read full article: Tackling tariffs: What some companies are saying, and doing, about tariffs

Tariffs have been forcing companies to give somewhat shaky financial forecasts during their latest round earnings updates.

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GE aviation and energy businesses start trading on NYSE, marking the end of the conglomerate

Read full article: GE aviation and energy businesses start trading on NYSE, marking the end of the conglomerate

General Electric has completed its split of the one-time conglomerate into three separate companies, as its aerospace and energy businesses started trading on the New York Stock Exchange as separate entities on Tuesday.

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GE reveals identity of 3 companies after historic split

Read full article: GE reveals identity of 3 companies after historic split

General Electric is revealing the names of the three companies that will operate on their own after the historic split of the one-time conglomerate.

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Paycom Software's Richison, AMD's Su among highest paid CEOs

Read full article: Paycom Software's Richison, AMD's Su among highest paid CEOs

Paycom Softwareโ€™s Chad Richison and Advanced Micro Devicesโ€™ Lisa Su are among the top paid CEOs in the S&P 500 index.

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General Electric's 3Q adjusted profit surprises Wall Street

Read full article: General Electric's 3Q adjusted profit surprises Wall Street

General Electric narrowed its losses in its third quarter as it trimmed expenses and managed to post an adjusted profit that surprised Wall Street. GE lost $1.19 billion, or 14 cents per share, for the three months ended Sept. 30. Earnings, adjusted for one-time costs and asset impairment costs, were 6 cents per share. For the year to date, it has reduced debt by $11.7 billion, including $8.1 billion in GE Industrial debt and $3.6 billion in GE Capital debt. Quarterly revenue declined to $19.42 billion from $23.36 billion, but still topped the $19.15 billion that analysts predicted.

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GE stock has worst day in 11 years

Read full article: GE stock has worst day in 11 years

1892: The General Electric Company is formed by the merger of Edison General Electric Company and Thomson-Houston Electric Company. NEW YORK - General Electric fought back Thursday night after the company was accused of fraud and its stock experienced its worst one-day percentage drop since April 2008. Culp's ownership of GE stock nearly doubled this week after an earlier purchase Tuesday. Markopolos said in a report released Thursday that GE was hiding nearly $40 billion of losses in its insurance business. He said this is the largest case of accounting fraud he and his team have investigated.

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