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☆ Thomas Gryta — Reporter at The Wall Street Journal
▼ + stars: | 2023-11-03 | by ( Thomas Gryta | ) www.wsj.com time to read: +1 min

Thomas GrytaThomas Gryta covers General Electric and corporate news for The Wall Street Journal in New York. His coverage spans how companies navigate the changing economy and society along with financial and operational challenges. He later covered the biotechnology and pharmaceuticals industry, then moved to the Journal in 2013 to cover telecommunications before shifting to the industrials beat in 2017. Tom is a former Knight-Bagehot Fellow at Columbia University and studied history at the University of Massachusetts at Amherst. With Journal colleague Ted Mann, he is co-author of the book “Lights Out: Pride, Delusion, and the Fall of General Electric,” which details the decline of the former titan of American business.

Persons: Thomas Gryta Thomas Gryta, Dow Jones, Tom, Ted Mann Organizations: Electric, Wall Street, Dow, Columbia University, University of Massachusetts, Amherst, General Electric Locations: New York, London

☆ Amazon Founder Jeff Bezos Sets Move to Miami After Decades in Seattle
▼ + stars: | 2023-11-03 | by ( Thomas Gryta | ) www.wsj.com time to read: 1 min

Amazon founder and former CEO Jeff Bezos successfully completed the first manned mission of Blue Origin’s New Shepard spacecraft. In this video, WSJ looks back at the remarkable career of the world’s richest man. Photo: Joe Raedle/Getty ImagesAmazon.com founder and former Chief Executive Jeff Bezos plans to relocate to Miami after almost three decades in Seattle, where the online retailer grew into one of the world’s largest companies. Thursday evening, Bezos posted on Instagram that his parents recently moved back to Miami, where he graduated from high school in 1982. He praised his time in Seattle and said it was an emotional decision.

Persons: Jeff Bezos, Origin’s, Joe Raedle, Bezos Organizations: Shepard Locations: Miami, Seattle

☆ Jeff Bezos Plans Miami Move for Family, Work…and It Might Help Tax-Wise, Too
▼ + stars: | 2023-11-03 | by ( Thomas Gryta | Laura Saunders | ) www.wsj.com time to read: 1 min

Amazon founder and former CEO Jeff Bezos successfully completed the first manned mission of Blue Origin’s New Shepard spacecraft. In this video, WSJ looks back at the remarkable career of the world’s richest man. The Amazon.com founder and former CEO posted his plans on Instagram Thursday. “I want to be close to my parents, and Lauren and I love Miami,” he wrote, referring to his partner, Lauren Sanchez. He said his parents recently moved back to Miami, where he graduated from high school in 1982.

Persons: Jeff Bezos, Origin’s, Joe Raedle, “, Lauren, Miami, ”, Lauren Sanchez Organizations: Shepard Locations: Seattle, Miami

☆ Cisco to Buy Cybersecurity Company Splunk in $28 Billion Cash Deal
▼ + stars: | 2023-09-21 | by ( Will Feuer | Thomas Gryta | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/telecom/cisco-systems-to-buy-splunk-in-28-billion-deal-bb9350a5

Persons: Dow Jones Organizations: cisco

Persons: Dow Jones Organizations: verizon

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/lead-cables-investigation-att-methodology-1703dbb0

Persons: Dow Jones

AT&T, Verizon and other telecom giants have left behind a sprawling network of cables covered in toxic lead that stretches across the U.S., under the water, in the soil and on poles overhead, a Wall Street Journal investigation found. As the lead degrades, it is ending up in places where Americans live, work and play.

Organizations: Verizon, Street Journal Locations: U.S

☆ GE’s Finance Chief Sees Future for AI Across Company’s Business
▼ + stars: | 2023-02-08 | by ( Thomas Gryta | ) www.wsj.com time to read: +3 min

General Electric Co. sees a future for using generative artificial intelligence like ChatGPT across its business, from the shop floor to the front office, according to Carolina Dybeck Happe, the company’s chief financial officer. Ms. Dybeck Happe said the use of AI in manufacturing begins with gathering a huge amount of data from different complex systems. A native of Sweden, she joined GE after spending about a year as finance chief of Denmark-based shipping giant A.P. She became GE’s finance chief in early 2020, taking on a role traditionally held by long-term employees of the company, which has long prided itself on its management training. Using artificial intelligence and automation is part of increasing efficiency and quality, Ms. Dybeck Happe said.

☆ Honeywell Revenue Rises 6% as Company Signals Slowing Growth
▼ + stars: | 2023-02-02 | by ( Thomas Gryta | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/honeywell-hon-q4-earnings-report-2022-11675336836

☆ A Q&A With Klaus Schwab, the Founder of the World Economic Forum
▼ + stars: | 2023-01-13 | by ( ) www.wsj.com time to read: 1 min

The past year brought war in Europe, surging inflation and an energy crisis, all while the world is still fighting the Covid-19 pandemic and related disruptions. Company executives are evaluating global supply chains and considering what they could make closer to home. The Wall Street Journal’s editor in chief, Matt Murray, and Journal reporter Thomas Gryta sat down with World Economic Forum founder Klaus Schwab in November as he prepared for his 53rd annual confab in Davos, Switzerland this month. Mr. Schwab, age 84, launched the WEF as a young academic in 1971, but it is now an independent international organization under the Swiss government, similar to the Red Cross. Edited excerpts of the conversation follow.

☆ Best Buy-Owned Phone Service Faces Angry Customers After 3G Network Shutdown
▼ + stars: | 2023-01-10 | by ( Will Feuer | Thomas Gryta | ) www.wsj.com time to read: 1 min

When Teresa Kurtz ‘s 78-year-old mother accidentally locked herself out of her home last week in Cedar Rapids, Iowa, she pulled out her Jitterbug flip phone to seek help, only to discover no calls would go through. “This was one little instance where it’s like, oh my gosh, this is her lifeline,” said Ms. Kurtz, 60, about her mother, who lives alone and faced chilly temperatures before receiving help from a neighbor.

☆ Consumers Keeping Up With Cellphone Bills Despite Economic Strains
▼ + stars: | 2023-01-05 | by ( Thomas Gryta | ) www.wsj.com time to read: 1 min

Analysts have been watching late cellphone-bill payments as a gauge of how inflation might be affecting household budgets. AT&T Inc., Verizon Communications Inc. and T-Mobile US Inc. said that consumers are still paying their bills on time despite months of high inflation and concerns over the pace of economic growth. The companies’ wireless, telephone and broadband businesses touch many American households. In July, AT&T said subscribers were paying their monthly phone and internet bills on average two days slower than a year earlier.

☆ General Electric Set to Spin Off Health Unit—Putting Focus Back on Power Division
▼ + stars: | 2023-01-02 | by ( Thomas Gryta | ) www.wsj.com time to read: 1 min

General Electric’s wind and gas turbine businesses are expected to be combined with other GE energy businesses into GE Vernova, to split off in early 2024. General Electric Co. will start 2023 by splitting off its healthcare unit, completing a key step in the slow-motion breakup of the industrial giant. For the rest of the year it will face questions about the next big step: shedding its power businesses. GE HealthCare Technologies Inc. will start trading this week, leaving the once-sprawling conglomerate with three divisions: jet engines, natural gas-powered turbines and wind turbines. The gas and wind turbines are expected to be combined with other GE energy businesses into a new company called GE Vernova that will split off in early 2024.

☆ Key Business Provisions of the $1.65 Trillion Omnibus Spending Bill
▼ + stars: | 2022-12-22 | by ( Theo Francis | Thomas Gryta | ) www.wsj.com time to read: 1 min

The proposed spending bill would fund the federal government through September. The $1.65 trillion omnibus spending bill released Tuesday, which would fund the federal government through September, includes a range of provisions of potential significance to companies and executives. Here is what is in the legislation that the House and Senate are considering:

☆ GE Puts $31 Billion Value on Spinoff of GE HealthCare Technologies
▼ + stars: | 2022-12-01 | by ( Thomas Gryta | ) www.wsj.com time to read: 1 min

The planned spinoff of GE HealthCare Technologies is part of General Electric’s overall plan to split into three separate public companies. General Electric Co. set the terms for the spinoff of its healthcare division, putting an initial value of roughly $31 billion on the soon-to-be-public company. GE said current shareholders would get one share in the new GE HealthCare Technologies Inc. for every three shares they hold in GE. The separation is set for Jan. 3 after the markets close, and the new shares will trade on Nasdaq under the symbol GEHC.

☆ Companies Take Different Strategies to Navigate High Inflation
▼ + stars: | 2022-10-23 | by ( Thomas Gryta | Drew Fitzgerald | ) www.wsj.com time to read: 1 min

Procter & Gamble is ramping up advertising on premium brands. Verizon Communications is raising prices on wireless plans, while Whirlpool has slashed production of appliances. High levels of inflation in the U.S. and shifts in underlying demand are putting the spotlight on the strategies executives are taking to navigate a global economy where costs are rising and consumer appetite for some products has waned.

☆ GE Powered the American Century—Then It Burned Out
▼ + stars: | 2022-09-19 | by ( Thomas Gryta | Ted Mann | ) www.wsj.com time to read: 1 min

They came by the dozens in luxury sedans, black Ubers and sleek helicopters. As they did each August, General Electric’s most important executives descended on a hilltop above the Hudson River for their annual leadership gathering. Just an hour’s drive from New York City or a short flight from Boston, Crotonville, N.Y., is the home of GE’s management academy, famed for culling and cultivating a cadre of leaders the company saw as its most valuable product.

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