An employee unwraps turbine components inside the General Electric power plant in Veresegyhaz, Hungary.

GE falls to 9 year low below $12 per share

Akos Stiller | Bloomberg | Getty Images An employee unwraps turbine components inside the General Electric power plant in Veresegyhaz, Hungary. General Electric shares fell below $12 per share for the first time since July 24, 2009 on Wednesday, plowing a new low for the stock this year as investors appear concerned about the embattled […]

The convoy carrying a turbine produced by General Electric.

GE reportedly may sell power-conversion unit for half of 2011 price

General Electric is working with Credit Suisse bankers in preparation for a $1.5 billion sale of its power-conversion unit, Bloomberg News reported Friday. The embattled conglomerate paid $3.2 billion for the unit in 2011, according to the report. The power-conversion unit, formerly known as Converteam, may be ready to be put up for sale in […]