GE chief Larry Culp sells biopharma business for $21 billion

GE chief Larry Culp sells biopharma business for $21 billion

Shares of General Electric Co surged 11 percent on Monday after the US industrial conglomerate said it would sell its biopharma business to Danaher Corp for $21 billion, its first major asset sale under new Chief Executive Officer Larry Culp. The deal will provide GE with a much needed cash infusion as the maker of power plants and aircraft engines struggles to pay off billions of dollars of debt and insurance liabilities. GE, once a symbol of American business power and management prowess, has struggled with crisis-era losses linked to…

Read More

Cremorne home sells after popular auction

Cremorne home sells after popular auction

No. 50 Ellalong Rd, Cremorne sold for $4.125 million.Source:Supplied THREE families, all with children, traded 46 bids between them on Saturday as the competition was strong for 50 Ellalong Rd, Cremorne. The result ended with the property selling $175,000 above the reserve and CoreLogic shows that the sale price was $4.125 million. Richardson and Wrench Mosman/Neutral Bay selling agent Kirsty Freyer said the result was unexpected, but interest was strong. “It is a beautiful home with a north facing aspect. The large 721sqm block appealed to many,” she said. Built…

Read More

Celebrity sale: Kylie Jenner sells her ‘starter home’ for $4.56 million

Celebrity sale: Kylie Jenner sells her ‘starter home’ for $4.56 million

The youngest member of the Kardashian-Jenner crew is the one with the most houses. Kylie Jenner is putting her $4.56 million ‘starter home’ on the market. Budding real estate mogul Kylie Jenner has reportedly sold her Calabasas, California starter house for $4.56 million. The 19-year-old social media maven purchased the Tuscan-esque style residence in March 2015 for $3.57 million and gave it a high-glam makeover with stark white walls, jet black timber, glitzy light fixtures and several smoked mirror panels. The approximately 474-square-metre residence has six bedrooms and 6.5 bathrooms. and is…

Read More