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General Electric Co News

27 Oct 2017

Apple, GE release app-making tools for industrial internet

App developers can use of all of iOS`s capabilities, including the augmented reality feature included in latest iOS version, said Susan Prescott, vice president of product marketing at Apple.

General Electric Co

12 Oct 2017

GE stock hits four-year low as analysts debate possibility of dividend cut

The shares fell 1.2 percent to $23.07 after JPMorgan said a dividend cut was "increasingly likely" and lowered its price target on the stock to $20 from $22.

General Electric Co

31 Aug 2017

GE's new CEO preparing job cuts in bid to reduce costs: Source

New Chief Executive Officer John Flannery has told senior-level executives to prepare for cuts at headquarters and other areas of the company that do not produce revenue or profit.

General Electric Co

13 Jun 2017

GE begins testing drones to inspect refineries, factories

General Electric Co has begun testing autonomous drones and robotic "crawlers" to inspect refineries, factories, railroads and other industrial equipment with an eye on capturing a bigger slice of the $40 billion companies around the globe spend annually on inspections.

01 Jun 2017

Donald Trump hails deals worth 'billions' with Vietnam

U.S. President Donald Trump talked trade with Vietnamese Prime Minister Nguyen Xuan Phuc during a White House visit on Wednesday and welcomed the signing of business deals worth billions of dollars and the jobs they would create.

15 Jan 2016

China's Haier buying GE appliance unit for $5.4 billion

Haier Group, the world's biggest appliance maker, is buying General Electric Co.'s appliance business for USD 5.4 billion to expand its global presence.

24 Dec 2015

India closing in on Westinghouse deal to build six nuclear reactors

India expects to seal a contract with Westinghouse Electric Co LLC to build six nuclear reactors in the first half of next year, a senior government official said, in a sign its USD 150 billion dollar nuclear power programme is getting off the ground.

General Electric Co

15 Sep 2015

GE forms digital unit, says energy management head to retire

GE, which under Chief Executive Jeff Immelt has made a big bet on marrying software and analytics with its industrial products, will bring all of the digital capabilities from across the company into one organisation, it said.

General Electric Co

04 May 2015

GE ties up with Qualcomm, Apple in new lighting business bet

General Electric Co on Monday announced collaborations with Qualcomm Inc and Apple Inc as it uses digital technology and the growing appetite for data to reinvigorate its 130-year-old lighting business.

General Electric Co

20 Apr 2015

GE in talks to sell lending, leasing portfolio to Wells Fargo: Source

General Electric Co is in early-stage talks with Wells Fargo & Co about selling its entire $74 billion U.S. commercial lending and leasing (CLL) portfolio to the bank, according to a source familiar with the situation.

General Electric Co

17 Apr 2015

Strong dollar hit to GE, Honeywell may bode poorly for other industrials

General Electric Co and Honeywell International Inc said on Friday they will take steps to cushion the impact of a stronger dollar, which hurt first-quarter results at both companies.

General Electric Co

10 Apr 2015

GE to sell bulk of finance unit, return up to $90 billion to investors

Blackstone Group LP and Wells Fargo & Co confirmed that they were buying most of the assets of GE Capital Real Estate for about $23 billion.

General Electric Co

10 Apr 2015

GE to sell real estate holdings, sets $50 billion share buyback

General Electric Co said it would sell the bulk of its real estate portfolio to investors including Blackstone Group and Wells Fargo & Co for $26.5 billion, in the biggest commercial real estate deal since 2007.

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