Industrial conglomerates

In this Oct. 8, 2019, photo, Associated Press journalists visit the Sustainability Pavilion at the under construction site of the Expo 2020 in Dubai, United Arab Emirates. Its Sustainability Pavilion, which recalls the towers of New York’s 1964 world’s fair, will be covered in solar panels and surrounded by similarly paneled “energy trees” to make it a zero-energy structure. (AP Photo/Kamran Jebreili)
October 17, 2019 - 6:24 am
DUBAI, United Arab Emirates (AP) — It rises out of what were once rolling sand dunes stretching toward the horizon, a feverish construction site by tempo and temperature that has tens of thousands of workers building what looks like a new city in the desert of Dubai. This is the site of Expo 2020,...
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FILE - In this May 18, 2017, file photo, a robotic arm with a high-intensity blowtorch is remotely operated to test ceramic matrix composites, which make engines more durable, heat-resistant and efficient, at the General Electric Aviation plant in Evendale, Ohio. General Electric Co. said Monday, Oct. 7, 2019, that it will freeze its pension plan for about 20,700 salaried workers as part of its debt-cutting plan. (AP Photo/John Minchillo, File)
October 07, 2019 - 2:45 pm
NEW YORK (AP) — General Electric is freezing the pension plans of about 20,000 of its workers and offering pension buyouts to 100,000 former employees as it attempts to reduce its mountain of debt. The industrial conglomerate has been selling off assets and streamlining its operations amid sagging...
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February 14, 2019 - 4:30 pm
BOSTON (AP) — General Electric announced Thursday it will downsize its world headquarters in Boston and will return $87 million that Massachusetts spent as part of an incentives package to lure the company from Connecticut three years ago. The industrial conglomerate has been restructuring its...
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FILE- In this Dec. 27, 2018, file photo trader Michael Urkonis works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 31. (AP Photo/Richard Drew, File)
January 31, 2019 - 5:01 pm
Wall Street got its mojo back in January after finishing 2018 with its worst December since 1931. Stocks finished higher Thursday, closing out the month with the best gain for the S&P 500 index since October 2015. A series of strong corporate earnings helped power the monthlong rally, which...
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FILE- In this Jan. 16, 2018, file photo the General Electric logo is displayed at the top of their Global Operations Center in the Banks development of downtown Cincinnati. General Electric Co. reports financial results Thursday, Jan. 31, 2019. (AP Photo/John Minchillo, File)
January 31, 2019 - 9:56 am
BOSTON (AP) — After years of belt-tightening and spinoffs that ate into both revenue and profit, General Electric Co. reported fourth-quarter net income of $761 million, sending shares up 10 percent in at the opening bell. The company also announced a $1.5 billion settlement Thursday with the...
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November 29, 2018 - 7:46 pm
RALEIGH, N.C. (AP) — Industrial conglomerate Honeywell International Inc. is expected to announce that it is moving its headquarters from New Jersey to Charlotte, North Carolina, a source familiar with the deal said Thursday. The move is expected to result in 700 to 800 jobs after North Carolina...
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In this photo taken on Wednesday, Oct. 3, 2018, white smoke billows from the courtyard of Saudi Arabia's consulate in Istanbul. A video shared by a television channel that is close to Turkey's government broadcasted on Monday, Oct. 22, 2018 appears to show three men burning documents at the Saudi Consulate's backyard a day after Saudi writer Jamal Khashoggi was killed. A Haber news channel said the surveillance camera video - allegedly showing "evidence" being burned inside a drum - was recorded on Oct. 3. (AP Photo/Lefteris Pitarakis)
October 22, 2018 - 5:19 pm
ISTANBUL (AP) — The latest on the fallout from the killing of Saudi journalist Jamal Khashoggi at the kingdom's consulate in Istanbul (all times local): 12:08 a.m. U.S. Treasury Secretary Steven Mnuchin has met with Saudi Arabia's embattled crown prince, Mohammed bin Salman. The meeting took place...
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FILE - In this June 26, 2018, file photo, General Electric Chairman & CEO John Flannery is interviewed on the floor of the New York Stock Exchange. Flannery out as chairman and CEO at General Electric after less than two years, Lawrence Culp Jr. takes over. After less than two years and a precipitous decline in the share price at General Electric, Flannery is being ousted as chairman and CEO. (AP Photo/Richard Drew, File)
October 01, 2018 - 3:21 pm
BOSTON (AP) — General Electric ousted its CEO, took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business. H. Lawrence Culp Jr. will take over immediately...
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