GE Climbs as CEO Signals Faith With $3 Million Share Purchase
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General Electric Co. rose the most in three months as the battered industrial giant’s boss snapped up shares, signaling his faith in an end to a recent rout.
Larry Culp -- who took over as GE’s chief executive officer in October -- bought $3 million of company stock on Monday, according to a regulatory filing. Thomas Horton, the lead director of GE’s board, also added shares.