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GE’s Should Merge Its Power Business With Siemens Unit

A centuries-old industrial conglomerate announced it was cutting jobs and evaluating options to dispose of an ailing power-generation products division. But it isn’t General Electric (ticker: GE), we’re talking about. It’s the 172-year-old German conglomerate Siemens (SIE.Germany). Siemens reported its fiscal second-quarter earnings Wednesday. Profits beat the German equivalent of …

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GE’s Should Merge Its Power Business With Siemens Unit

A centuries-old industrial conglomerate announced it was cutting jobs and evaluating options to dispose of an ailing power-generation products division. But it isn’t General Electric (ticker: GE), we’re talking about. It’s the 172-year-old German conglomerate Siemens (SIE.Germany). Siemens reported its fiscal second-quarter earnings Wednesday. Profits beat the German equivalent of …

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Siemens, Moving to Avoid GE’s Fate, Sheds More Businesses

The move also comes as Siemens executives watch its longtime American rival General Electric Co. GE 0.49% contend with a series of crises, including an attempt to turn around its own power business. Investors sent Siemens’ stock up more than 4%, after Siemens late Tuesday said it would combine the …

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GE CEO expects weaker quarters for rest of 2019, higher China tariff costs

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0. 8em)–sm” type=”text” content=”By Alwyn Scott” data-reactid=”15″>By Alwyn Scott <p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0. 8em)–sm” type=”text” content=”TARRYTOWN, N.Y. (Reuters) – General Electric Co Chief Executive Larry Culp said on Wednesday that the company will likely have weaker quarters for the rest of the year …

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Apple’s Wearables Business Is Crushing It

One area where Apple (NASDAQ:AAPL) is undoubtedly leading is in the world of wearable computing. The company’s Apple Watch lineup dominates the smartwatch market in terms of both unit shipments and total revenue, while its AirPods line of wireless earbuds have simply been crushing it.  Apple’s wearables efforts have been an unqualified …

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Earnings Highlights for Big Auto

On this bonus episode of Industry Focus: Energy, host Nick Sciple talks with senior auto specialist John Rosevear about the most recent earnings reports coming out of Ford (NYSE:F) and GM (NYSE:GM). Ford has an exciting new partnership with a scrappy electric-truck maker. GM’s investment in Lyft (NASDAQ:LYFT) just got …

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