GE to Cut 12,000 Jobs in Electrical Power Division

The jobs are in the electrical power division, which makes the giant turbines and generators that the company estimates provide about one-third of the electricity produced around the world. GE is by far the worst-performing stock in the Dow this

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Boston-Based Current Is Now on GE’s Chopping Block

The first General Electric Co. division to set up a presence in Boston is now on the list of businesses that CEO John Flannery wants to sell. During his first presentation to GE shareholders on Monday, Flannery laid out his

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GE Chief Will Sell, Spin Off $20 Billion of Businesses in Two Years

John Flannery looks to simplify the conglomerate after a review begun when he was appointed CEO in June. While the Boston-based firm didn’t specify which businesses would go on the block: “Everything is on the table, and there have been

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