Feb 26, 2018

General Electric seeks board shakeup

The GE logo on the company's new headquarters. Photo: David L. Ryan / The Boston Globe via Getty Images

General Electric has tapped two former industry executives and an accounting expert to join its board as part of an effort to overhaul its business and reinforce the confidence of investors, reports Reuters. The board changes, which also include a cut from the current 18 to 12 members, will be voted on by shareholders at a meeting in April.

The nominees are Leslie Seidman, former Vice President at JPMorgan and chairman of the Financial Accounting Standards Board; Thomas Horton, former head of American Airlines, and Lawrence Culp Jr., former CEO of Danaher Corp.

Correction: This article has been updated to remove incorrect reporting on the timing of the board shakeup, as well as a reference to share prices that incorrectly labeled a GE disclosure as a Justice Department announcement. We regret the errors.

Go deeper

The growing coronavirus recession threat

Illustration: Aïda Amer/Axios

In just a matter of weeks, top economists and investment bank analysts have gone from expecting the coronavirus outbreak to have minimal impact on the U.S. economy to warning that an outright recession may be on the horizon.

What's happening: The spread of confirmed coronavirus cases in Europe, the Middle East and the U.S., and the speed at which they are being discovered has set the table for the outbreak to have a larger and much costlier impact.

Mass shooting in Milwaukee: What we know

Milwaukee Mayor Tom Barrett in 2012. Photo: John Gress/Corbis via Getty Images

Six people died in a shooting at the Molson Coors Brewing Company in Milwaukee on Wednesday, including the gunman, Mayor Tom Barrett told reporters at a Wednesday evening press conference with local police.

Details: All of the victims worked at the brewery complex, as did the shooter who died of "an apparent self-inflicted gunshot wound," police confirmed in a statement late Wednesday.

Go deeperArrowUpdated 7 hours ago - Politics & Policy

Coronavirus updates: South Korea case count tops 2,000

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

33 people in California have tested positive for the coronavirus, and health officials are monitoring 8,400 people who have recently returned from "points of concern," Gov. Gavin Newsom said Thursday.

The big picture: COVID-19 has killed more than 2,850 people and infected over 83,000 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

Go deeperArrowUpdated 8 hours ago - Health