Could Turnaround Plans Boost GE’s Stock?

Is General Electric Co. (NYSE: GE) poised to be the next U.S. player scuttled by the worldwide credit crisis?

Or is the onetime-bellwether conglomerate on track for a major corporate turnaround – the kind of rebound that will restore the company’s global muscle while providing investors with a shot at double- or even triple-digit gains?

With a bold move it made yesterday (Tuesday), the Fairfield, CT-based GE is doing all it can to make that second scenario come true.

Since the global credit crisis, Wall Street gloom-and-doomers have continually predicted that GE’s financial-markets exposure – courtesy of its massive GE Capital Corp. financing…

With its Profits Lagging, GE May Have a Deal in the Oven, Analysts Say

While industry insiders say that General Electric Co. (GE) may be looking to sell or spin-off its home-appliance business unit, the move may actually be the first in a series of divestitures designed to unshackle the Corporate America heavyweight from consumer-driven markets.

The rumored decision to shed the century-old business that makes refrigerators, ovens and dishwashers may signal even bigger divestiture deals before the year ends, as GE Chief Executive Officer Jeffrey R. Immelt continues pursuing his strategy of shifting the huge conglomerate out of economically sensitive sectors. Since Immelt announced that plan in December 2002, GE has cut loose more…