Thursday 18 January 2018

GE's $31 billion pension nightmare

John Flannery was hired to fix General Electric, but inherited a ticking time bomb when he replaced Jeff Immelt last year.
CNNMoney Markets Now
 
Dow Nasdaq S&P
-97.84   -2.23   -4.53
26,017.81   7,296.05   2,798.03
-0.37%   -0.03%   -0.16%
YTD +5.25%   YTD +5.69%   YTD +4.65%
 
Biggest Winners
AES Corp +7.56%
 
Viacom Inc +6.23%
 
Wyndham Worldwide Corp +4.78%
 
M&T Bank Corp +3.87%
Biggest Losers
Albemarle Corp -7.12%
 
Bank of New York Mellon Corp -4.39%
 
Baker Hughes A GE Co -4.27%
 
FMC Corp -3.93%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $63.76 -0.21 / -0.33%
Gold $1,327.30 -11.90 / -0.89%
10-yr 2.61% +0.03 / +1.28%
Euro $1.22 +0.01 / +0.50%
News: What you need to know about the markets
 
 
GE's $31 billion pension nightmare
John Flannery was hired to fix General Electric, but inherited a ticking time bomb when he replaced Jeff Immelt last year. Read more »
 
Boeing is the market's darling
Boeing was the best stock in the Dow in 2017 and the momentum is continuing so far this year. Analysts are bullish about global demand from big airlines for new jets. The company should get a boost from lower taxes as well. Read more »
 
Airbus A380: Did Emirates just save the superjumbo?
The Dubai-based carrier announced Thursday that it has ordered 20 of the superjumbo jets, with an option to buy 16 more. Read more »
 
Wells Fargo billing glitch infuriates customers
One more headache for a bank that's trying to shake more than a year of scandal. Read more »
 
Apple: We'll pay $38B in tax on overseas profits
Apple said it plans to invest $30 billion in its U.S. facilites over the next five years, including the construction of a new campus. Read more »
 
Nintendo's latest video game devices are made of cardboard
The Japanese company has unveiled a series of DIY cardboard toys that interact with its wildly popular Switch gaming console. Read more »
 
 
 
 
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