U.S. stocks ended higher Friday and the S&P 500 notched a third week of gains, helped by upbeat consumer sentiment data and gains in General Electric.
Industrial conglomerate GE reported a decline in third-quarter profit, but strong performances from its core units helped the company top forecasts.
General Electric agrees to sell commercial lending and leasing businesses worth more than $30 billion to Wells Fargo & Co.
The government is seeking to stop Electrolux from buying GE's appliance division, saying the combined company would dominate sales of kitchen appliances.
GE agrees to sell its fleet management arm in the United States, Mexico, Australia and New Zealand to Canada's Element Financial for $6.9 billion.
GE will sell its private equity business as it refocuses on its core businesses and exits a banking sector now under stricter oversight.
Drug mater Mylan rises after it agrees to buy rival Perrigo, and Ocular Therapeutix falls after disappointing results for inflammation and pain treatment.
Stocks closed out a strong week Friday with a broad rally as investors lauded GE's decision to divest most of its high-risk finance arm and buy back shares.
GE is getting out of the lending business, a major profit generator, as it focuses more on its industrial business and sheds a massive financial unit.
GE will pay a $3.5 million penalty to settle charges of knowingly failing to report to the government that certain dishwashers and ranges could catch fire.
In quarterly reports this week, Starbucks is expected to have double-digit growth in revenue and earnings, and IBM double-digit declines.
Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market.
General Electric is targeting late July for the initial public offering of its credit card business, named Synchrony Financial, the conglomerate says.
GE is in talks to sell its century-old household appliances business for as much as $2.5 billion, Bloomberg reports, citing anonymous sources.
GE's retail credit-card business has agreed to pay $169 million to settle a lawsuit accusing it of discriminating against Hispanic credit card customers.
General Electric filed for an initial public offering of its North American consumer lending business as part of CEO Jeffrey Immelt's effort to reduce credit risks.
GE says its net income rose 5 percent in the fourth quarter on rising profits from the sale of aircraft engines, oil and gas drilling equipment and appliances.
GE's credit card division will refund $34.1 million to consumers who government regulators say were misled.
GE is reportedly preparing to spin off its huge credit card business, as it seeks to reduce the size of its financial business to put more emphasis on its industrial products.
General Electric posted a slight gain in net income in the second quarter and said its U.S. operations are picking up steam.
GE plans to hire thousands of engineers to build an "industrial Internet," with the aim of allowing business customers to run equipment more efficiently and save...
Federal regulators have proposed that a group of firms that aren't banks be deemed potential threats to the financial system that need stricter government oversight.
General Electric discovered it was financing a small number of firearm purchases in the wake of the Newtown, Conn., school shootings and has moved to stop future loans.