Tagged: Company coverage

Source: Tyler Sizemore, Fairfield Citizen 0

Coverage: GE is cutting 12,000 jobs

General Electric Co. plans to cut 12,000 jobs, or almost one-fifth of the power division’s global workforce, underscoring GE’s bad bet on an old-school industry as natural gas loses favor and renewable energy gains....

CVS Omnicare 0

Coverage: CVS to buy Aetna in $69 billion deal

Aetna Inc.’s board of directors approved on Sunday the U.S. health insurer’s sale to drugstore chain operator CVS Health Corp. for approximately $69 billion cash and stock,. Carl O’Donnell and Greg Roumeliotis of Reuters had the news: The...