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0.000936692506459946 0.000968992248062052 0.0019379844961241 0.00258397932816543 0 -0.000904392764857839 -0.000322997416020608 -0.00161498708010338
Stock impact report

General Electric Spins Off Rail Unit: At Least Partially [Seeking Alpha]

GE Aerospace (GE) 
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: Seeking Alpha
May.22.18 | About: General Electric (GE) John M. Mason Banks, long-term horizon Summary General Electric is moving to reduce its size and simplify its business, and selling off its railroad business is just one more step on that path. It seems, however, that GE's model deal is to keep part of the businesses it is selling. This may indicate that potential buyers are wary of General Electric's assets and require that GE must continue to be a part of the transaction after the deal is cut. General Electric (NYSE: GE ) is spinning off some assets, but the resulting deals seem to point to the problems that were created by the previous leadership under the guidance of former President and CEO Jeff Immelt. The deals that are being cut by new GE head John Flannery are not clean separations and indicate what the legacy left to Mr. Flannery may be. General Electric agreed to merge its railroad business with Wabtec Corporation. The company had Show less Read more
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