Despite Government Threat, General Electric Is Still Treading Water
By Editor - Sun Oct 18, 4:38 am
General Electric (NYSE:GE) stock has had quite the saga — the company has been in turnaround mode for over three years now. Source: Sundry Photography / Shutterstock.com GE has installed two different CEOs, sold off countless divisions, and made all sorts of strategic changes. It has also been through a variety of crises, both external and self-inflicted. Of course, this has made GE stock volatile, with plenty of ups and downs. So, the latest blow probably didn’t come as much of a surprise to shareholders.InvestorPlace – Stock Market News, Stock Advice & Trading Tips Last month, the Securities and Exchange Commission (SEC) took an additional step toward disciplinary action against General Electric. While the company has faced plenty of heat from short sellers and credit ratings agencies, government regulators are a newer hazard.