Tuesday, August 4, 2015

General Electric Company Finds $1.8 Billion

Whisper it quietly but General Electric Company (NYSE:GE) just found $1.8 billion for investors. Essentially, the company now expects cost synergies from the intended integration of Alstom to produce $3 billion in annual cost savings by the fifth year, up from a previous target of $1.2 billion. With CEO Jeff Immelt outlining the details at the Electrical Products Group conference at the end of May, I thought it would be a good time to look at what he said, and why the news is so important for GE investors.


READ THE FULL EQUITY RESEARCH ARTICLE LINKED