GE pushes back Q3 earnings release to October 30

General Electric, the once-mighty conglomerate which weeks ago announced a new chief executive in a move meant to stem a two-year decline, has said it will move the date of its third-quarter earnings release to October 30. The company postponed the release by a week "to allow GE Chairman and CEO Larry Culp to complete initial business reviews and site visits following his appointment on October 1," it said in a statement. In announcing Culp's rise, the company, which was bumped from the prestigious Dow Jones Industrial Average in June, cited his history as chief executive of the industrial and healthcare conglomerate Danaher, where GE said he presided over a quintupling of market capitalization.

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