New York State Comptroller Thomas DiNapoli sits down with Yahoo Finance Live to talk about the power multinational companies like McDonald's hold by de-investing from Russia and the reputational and operational risks by continuing despite sanctions. Read More...
Motley Fool
Why General Electric Stock Is Soaring Today
Shares of General Electric (NYSE: GE) jumped higher this morning and were up 5.4% as of 10 a.m. ET. General Electric took to social-media platform Twitter to announce its decision to suspend operations in Russia, but said it will continue to provide essential medical equipment and power services in the region. According to GE’s latest annual report, the company hasn’t provided any information on its operations in Russia, except that it has two subsidiaries in the region, including one in healthcare.
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