Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market.
Orders for long-lasting manufactured goods rose more than expected in June, pointing to momentum in the economy at the end of the second quarter.
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.
U.S. manufacturing output rose solidly in May as production increased across the board, bolstering expectations that economic growth is rebounding.
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.
For much of the past 15 years, U.S. exports and manufacturing have been on the decline. But that trend appears to be reversing, and these stocks are likely to benefit.
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.
After posting a loss in the latest quarter, U.S. Steel shakes up its executive suite.
Seven years ago, Australian billionaire Clive Palmer sold Citic, China's biggest state-owned investment company, on the idea of mining low-grade iron ore from the Outback.
The U.S. trade deficit narrowed sharply in June to its lowest level in nearly four years as imports reversed the prior month's spike.
General Electric posted a slight gain in net income in the second quarter and said its U.S. operations are picking up steam.
U.S industrial production rose slightly more than expected in June as manufacturing output picked up speed.
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...