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Gen Electric News (NYSE:GE)

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06/24/201610:36AMBWStatement from Jeffrey Immelt, Chairman & CEO of GE, on UK Referendum
“Although GE supported the UK remaining in the EU, we respect the decision of the British people and remain firmly committed to the UK and Europe. GE has 22,000 employees in the UK and 100,000 employees in Europe overall that will continue to focus on delivering great outcomes for our customers. We believe in the potential... More...>>
06/23/20166:40PMDJNGE Bullish on Data for Big Industry
General Electric Co. will plow $1.4 billion into its fast-growing software business this year, as the maker of jet engines and power plants races to dominate the market for digital tools to control major industrial operations. The company said the investment will help drive rapid growth in revenue for its California-based... More...>>
06/23/20166:26PMDJNGE Bullish on Data for Big Industry
By Ted Mann General Electric Co. will plow $1.4 billion into its fast-growing software business this year, as the maker of jet engines and power plants races to dominate the market for digital tools to control major industrial operations. The company said the investment will help drive rapid growth in revenue for its California-based... More...>>
06/23/20165:24PMDJNProposed Boeing-Iran Air Deal Involves 80 Jets -- Update
By Jon Ostrower and Doug Cameron Boeing Co. aims to sell 80 jets directly to Iran Air as part of a proposed deal worth up to $17.6 billion, as eased U.S. sanctions open the way for the Islamic Republic to rebuild its airliner fleet. The deal's value, based on list prices, would be among the largest by a U.S. firm... More...>>
06/23/201611:20AMDJNHigh Court Upholds Affirmative Action in University Entry
WASHINGTON—A divided Supreme Court Thursday upheld racial preferences in public-university admissions, a defeat to a yearslong conservative drive to roll back affirmative action. Writing for a 4-3 court, Justice Anthony Kennedy found that the University of Texas at Austin's challenged plan, which gave a "plus... More...>>
06/23/201610:45AMBWGE Healthcare Bets Big on Boston: Opens Life Sciences North American Headquarters to Accelerate Precision Medicine
500-strong Marlborough, MA site a $27M commitment to biopharmaceutical innovation and growth ahead of GE’s Corporate headquarters move to Boston GE Healthcare’s Life Sciences business, a global provider of technologies and expertise to the biopharmaceutical and life sciences industries, today opened its new 210,000... More...>>
06/23/201610:00AMBWCool Your Home From Your Phone: GE Appliances Now Offers Connected Window Air Conditioners
New connected window air conditioners can be controlled from anywhere Connected window air conditioner units add to GE Appliances’ long list of connected capabilities Most people don’t leave their window air conditioners turned on during the day in order to cut utility costs, resulting in sauna-like heat after a long... More...>>
06/23/201610:00AMBWGE Appoints Two New Company Officers
GE [NYSE: GE] announced today the appointment of two new Company officers. Effective June 20, 2016, GE has 190 officers globally who lead large revenue-generating businesses or are in critical technology or functional roles, helping to drive growth. Neil Saunders, 46, has been promoted to vice president, Subsea Systems... More...>>
06/23/20165:00AMDJNGE Sells French Consumer-Credit Unit
PARIS—General Electric Co. received a binding offer from private-equity firm Cerberus Capital Management L.P. for its French consumer-credit unit, GE Money Bank, the latest step in the industrial group's exit from the finance sector. The sale would represent ending net investment equivalent to around $4.6 billion... More...>>
06/23/20164:37AMDJNGE Sells French Consumer-Credit Unit to Private-Equity Firm
By Inti Landauro and Valérie Venck PARIS-- General Electric received a binding offer from private-equity firm Cerberus Capital Management for its French consumer-credit unit, GE Money Bank, the latest step in the industrial group's exit from the finance sector. The sale would represent ending net investment equivalent... More...>>
06/23/20162:15AMBWGE Receives Binding Offer from Cerberus Capital Management for Sale of Consumer Finance Business in France
Transaction Aligns with GE’s Strategy to Create Simpler, More Valuable Industrial Company GE Capital’s Announced Sales Now Total Approximately US$177 Billion (ENI) GE (NYSE: GE) announced today that it has received a binding offer from an affiliate of Cerberus Capital Management, L.P. for the potential sale of its... More...>>
06/22/201611:00AMBWACEA Entrusts GE and Cefla with Its Tor di Valle District Heating Modernization Project in Rome
GE’s Two 9.5-Megawatt J920 FleXtra Gas Engines to Provide More Efficient Heating for Rome’s Tor di Valle District Cefla to Develop the Engineering and Balance of Plant for the Project ACEA Project Offers Excellent Example for European Utilities and Municipalities to Modernize District Heating Systems with New, Highly... More...>>
06/22/20169:00AMDJNBusiness Leaders Sign Letter Backing Remain
LONDON—More than 1,000 business leaders with operations in the U.K. on Wednesday urged British voters to keep the country in the European Union, a day ahead of a referendum that remains too close to call. In a joint letter published in the U.K.'s Times newspaper, 1,285 executives—including representatives... More...>>
06/21/20168:00AMBWItaly’s AB Orders 115 of GE’s Jenbacher Engines for Future Biogas Repowering Projects
AB Orders 115 Type 3 and Type 4 Jenbacher Biogas Engines New Units to be Offered to Biogas Operators as Efficient Alternative to Servicing Existing Gas Engines AB Launches Repowering Service Initiative in Response to Slowing Development of New Biogas Projects GE’s Distributed Power business (NYSE:GE) today announced... More...>>
06/21/20166:00AMBWIreland’s Whitegate Power Plant Identifies Potential €1.2 Million Cost Avoidance in First Year with GE’s Asset Performa...
With GE’s APM Online Condition Monitoring Software, Irish Utility Bord Gáis Energy Identified Potential €1.2 Million Cost Avoidance at County Cork Combined-Cycle Power Plant APM Solution Allows Operators to Predict Equipment Problems, Avoid Costly Unplanned Outages Milestone Utility Project Helps to Usher in Global... More...>>
06/17/20164:45AMBWGE Sets Guinness World Records™ Title For Most Efficient Power Plant
GE & EDF inaugurate the first combined-cycle power plant equipped with GE’s HA turbine in France GE (NYSE: GE) and EDF today officially began operation of the first ever combined-cycle power plant equipped with GE’s HA turbine in Bouchain, France, launching a new era of power generation technology and digital... More...>>
06/16/20163:57PMDJNBrexit Campaign Leaflet Draws Fire From Companies -- Update
By Simon Zekaria LONDON -- A clutch of multinational companies, including General Electric Co., Unilever PLC and Airbus Group SE, are protesting the use of their corporate names and logos on promotional leaflets sent by campaigners pushing for Britain to leave the European Union. As a June 23 referendum here on whether... More...>>
06/16/20169:29AMDJNBrexit Campaign Leaflet Draws Fire From Companies -- Update
By Simon Zekaria LONDON--A clutch of multinationals, including General Electric Co., Unilever PLC and Airbus Group SE, are protesting the use of their corporate names and logos on promotional leaflets sent by campaigners pushing for Britain to leave the European Union. As a June 23 referendum here on whether to remain... More...>>
06/16/20168:56AMDJNBrexit Campaign Leaflet Draws Fire From Several Companies
By Simon Zekaria LONDON--A clutch of multinationals, including General Electric Co., Unilever PLC and Airbus Group SE, are protesting the use of their corporate names and logos on promotional leaflets sent by campaigners pushing for Britain to leave the European Union. As a June 23 referendum here on whether to remain... More...>>
06/15/20165:10AMDJNSiemens, Gamesa Near Wind-Power Deal
FRANKFURT—Siemens AG and Gamesa Corporacion Tecnologica SA are close to announcing an anticipated deal to combine their wind-power activities and create the world's largest wind turbine maker, according to people familiar with the matter. A deal, which could be announced as early as this week according to the... More...>>
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