02/07/2015 12:38:52 Free Membership Login

Gen Electric News (NYSE:GE)

DateTimeSource
Headline
07/02/20159:25AMDJNElectrolux Chief Executive Vows to Remain at Helm
By Christina Zander STOCKHOLM--The American chief executive officer of Electrolux AB Thursday vowed to stay at the helm of the Swedish home-appliance maker and focus on overcoming antitrust hurdles to complete the proposed acquisition of a General Electric Co. unit. "I'm committed to the company and will remain that way... More...>>
07/02/20155:40AMDJNElectrolux Vows to Complete GE Deal
STOCKHOLM—Electrolux AB boss Keith McLoughlin has vowed to press ahead with the $3.3 billion purchase of General Electric Co.'s appliance business despite Wednesday's move by the U.S. Department of Justice to try to block the deal. Electrolux shares plunged 10% on the Stockholm bourse as investors digested the unexpected... More...>>
07/02/20155:06AMDJNElectrolux Boss Vows to Complete GE Appliance Deal
By Dominic Chopping STOCKHOLM-- Electrolux AB boss Keith McLoughlin has vowed to press ahead with the $3.3 billion purchase of General Electric Co.'s appliance business despite Wednesday's move by the U.S. Department of Justice to try to block the deal. Electrolux shares plunged 10% on the Stockholm bourse as investors... More...>>
07/01/20158:30PMDJNGE's Divestiture Plans Hit Hurdles
By Brent Kendall And Ted Mann The Justice Department sued to block General Electric Co.'s planned $3.3 billion sale of its appliance business to Electrolux AB, leaving the company with marquee deals in regulatory limbo on two continents. On Thursday, GE executives will meet with European authorities behind closed doors... More...>>
07/01/20156:19PMDJNDOJ Sues to Block Electrolux Deal for GE's Appliance Business -- 2nd Update
By Brent Kendall And Ted Mann Justice Department antitrust enforcers on Wednesday filed a lawsuit seeking to block Electrolux AB's proposed $3.3 billion acquisition of General Electric Co.'s appliance business, saying the deal would suppress competition and hurt consumers. The lawsuit is the latest signal that as companies... More...>>
07/01/20154:48PMDJNDOJ Sues to Block Electrolux Deal for GE's Appliance Business -- Update
By Brent Kendall WASHINGTON--Justice Department antitrust enforcers on Wednesday filed a lawsuit seeking to block Electrolux AB from acquiring General Electric Co.'s appliance business, alleging the deal would hurt competition. The department filed a 15-page legal complaint against the $3.3 billion deal in a Washington... More...>>
07/01/20154:20PMDJNDOJ Sues to Block Electrolux Deal for GE's Appliance Business
WASHINGTON—Justice Department antitrust enforcers on Wednesday filed a lawsuit seeking to block Electrolux AB from acquiring General Electric Co.'s appliance business, alleging the deal would hurt competition. The department filed a 15-page legal complaint against the $3.3 billion deal in a Washington federal court... More...>>
07/01/20154:07PMDJNDOJ Sues to Block Electrolux Deal for GE's Appliance Business
By Brent Kendall WASHINGTON--Justice Department antitrust enforcers on Wednesday filed a lawsuit seeking to block Electrolux AB from acquiring General Electric Co.'s appliance business, alleging the deal would hurt competition. The department filed a 15-page legal complaint against the $3.3 billion deal in a Washington... More...>>
07/01/20152:51PMBWGE Statement on Department of Justice Filing
GE [NYSE: GE] was notified today that the Department of Justice has initiated court proceedings seeking to enjoin the sale of GE Appliances to Electrolux. Electrolux and GE intend to vigorously defend the proposed acquisition as pro-competitive and pro-consumer. Our goal remains to close the deal this year. GE continues... More...>>
07/01/20158:00AMBWGE Selected to Reduce Emissions, Boost Efficiency at Beijing Power Plant
GE’s Work at the Taiyanggong Thermal Power Station Could Become a Model for Reducing Emissions at Power Plants Nationwide The Agreement Represents a First-of-Its-Kind Service Model for Chinese Utilities Looking to Reduce the Operating Costs and Environmental Impact of Existing Power Plants Technology Enhancements Will... More...>>
07/01/20153:00AMDJNAirports Commission Backs Third Heathrow Runway
LONDON—London Heathrow airport has won the backing of a government-appointed panel for a third runway to address a looming runway capacity that has threatened to stifle Europe's biggest market for trans-Atlantic flights. The landmark decision by the independent Airports Commission is a blow to rival contender Gatwick... More...>>
06/30/20157:32PMBWGE Union Members Vote ‘Yes’ on New Four-Year Contracts
The members of GE’s two largest unions have voted to approve new four-year national labor contracts with GE. Union officials informed GE that voting by members of the IUE-CWA and the United Electrical, Radio and Machine Workers of America (UE) was completed today, and that the national agreements have been ratified... More...>>
06/30/20156:00PMTMF5 Things General Electric Company's Management Wants You to Know
http://www.fool.com/investing/general/2015/06/30/5-things-general-electric-companys-management-want.aspx?source=eptadnlnk0000002 More...>>
06/30/201510:16AMBWGE Capital Provides $72 Million to Landmark Healthcare Facilities for New Jacksonville, FL Medical Complex
First phase of University of Florida’s Health North campus opened in February GE Capital’s Healthcare Financial Services (HFS) business announced today that it has provided a first mortgage to Landmark Healthcare Facilities LLC for a 210,000-square-foot outpatient medical complex in Jacksonville, FL. The property is... More...>>
06/30/20158:10AMDJNGE Sells European Private-Equity Finance Unit to Japan's SMBC
General Electric Co. said Tuesday that it has agreed to sell its European private-equity finance business to Japan's Sumitomo Mitsui Banking Corp. for about $2.2 billion, the latest step in the industrial conglomerate's retreat from banking. Known as a sponsors unit, the business finances buyouts and other transactions... More...>>
06/30/20156:30AMBWGE Agrees to Offer Terms for European Sponsor Finance Sale to Sumitomo Mitsui Banking Corporation Europe
Swift Execution Continues on Strategy to Divest Most of GE Capital New Deals Since April 10 Announcement Reach $23 Billion Bringing Total Deals Signed to $68 Billion On Track to Sell $100 Billion by Year End and be Largely Complete by End of 2016 GE (NYSE:GE) announced today that Sumitomo Mitsui Banking Corporation Europe... More...>>
06/30/20156:30AMBWGE Provides Update on Sale of Appliances
GE [NYSE:GE] announced today that the regulatory review for the sale of its Appliances business to Electrolux continues. As a result, the deal will not close during the second quarter of this year. Electrolux and GE continue to work actively with the Department of Justice to endeavor to resolve the remaining items in... More...>>
06/29/201510:40PMDJNJapan's SMBC Nearing Deal for GE European Private-Equity Finance Unit
Japan's Sumitomo Mitsui Banking Corp. is nearing a deal to buy General Electric Co.'s European private-equity finance business, according to people familiar with the matter, the latest step in the industrial conglomerate's retreat from banking. SMBC is expected to pay more than $2 billion for the unit, known as a sponsors... More...>>
06/29/20151:13PMDJNGE Strikes Multibillion-Dollar Deals to Sell Fleet Units--2nd Update
By Joanne Chiu and Ben Dummett General Electric Co. has agreed to sell its U.S., Mexico, Australia and New Zealand fleet businesses for $6.9 billion, with a separate smaller deal in the works to unload its business in Europe, marking the latest steps in the industrial group's retreat from banking. In the first transaction... More...>>
06/29/201512:14PMDJNHungary Pays $700 Million for GE Capital's Local Arm
By Margit Feher BUDAPEST--A Hungarian state-owned bank has paid $700 million for a 100% stake in Budapest Bank Zrt., the local unit of General Electric Co.'s (GE) lending division, the prime minister's office said on Monday via state news agency MTI. The buyer is investment firm Corvinus Nemzetkozi Befektetesi Zrt., part... More...>>


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