Key Developments: General Electric Co (GE.N)

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Latest Key Developments (Source: Significant Developments)

General Electric Co's GE Capital Aviation Services to acquire Milestone Aviation Group
Monday, 13 Oct 2014 09:00am EDT 

GE Capital Aviation Services:Announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 bln.Says transaction is targeted to close in 2015.GE Capital Aviation Services, is the aircraft leasing unit of General Electric Co.  Full Article

Verizon and General Electric to expand the reach and strength of industrial internet
Thursday, 9 Oct 2014 09:30am EDT 

General Electric Co:Says the company and Verizon announced plans to expand the reach and strength of the Industrial Internet.Companies have teamed up to allow GE's software-enabled machines and devices to connect to Verizon's machine-to-machine connectivity and cloud platforms to create a secure wireless communications system for the Industrial Internet.GE and Verizon will also enter into discussions to collaborate on a single global SIM (subscriber identity module) for global connectivity.GE/Verizon alliance is poised to deliver a range of value-added services for GE's Predix(tm) platform, including remote monitoring, diagnostics and the ability to resolve maintenance issues virtually anywhere in the world.  Full Article

General Electric Co's Healthcare to collaborate with GlaxoSmithKline on commercial oncology testing
Tuesday, 30 Sep 2014 08:00am EDT 

General Electric Co:Announces GE Healthcare inks into an agreement between its affiliate, Clarient Diagnostic Services Inc and GlaxoSmithKline.Collaboration aims to improve access to diagnostic testing for cancer patients by establishing network of clinical laboratories to identify genetic mutations associated with different tumour types.Collaboration will enable GE to develop broader laboratory and data analytics service that will enable better efficiency in healthcare market related to oncology precision medicine.Under terms of agreement with GSK, GE Healthcare, through its Clarient affiliate, will initially use clinical laboratory, pathology and genomics expertise, to certify laboratories and generate diagnostic data on metastatic melanoma patients.First Clarient certified laboratories to initiate this work, are expected to be operational in several countries in early 2015.  Full Article

Safran and General Electric JV CFM International gets $560 million order from easyJet
Monday, 29 Sep 2014 08:00pm EDT 

Safran SA:Says easyJet announced an additional order with CFM International (a joint venture between Safran's Snecma and General Electric) for 54 CFM56-5B engines.Engines to power the 27 Airbus A320 ceo (current engine option) aircraft scheduled to begin delivery between 2015 and 2018.CFM values the firm engine order at more than $560 million.  Full Article

General Electric Co 's GE Capital provides update on timing of expected close of its GE Money Bank AB (Nordics) sale to Santander Consumer Finance S.A
Friday, 26 Sep 2014 06:30am EDT 

GE Capital:Says it now expects the close of its GE Money Bank AB (Nordics) consumer finance business sale to Santander Consumer Finance S.A., announced on June 21, 2014, to be in the Q4 2014.Says there is no change to the full year outlook for GE or GE Capital.GE Capital, the financial services division of General Electric Co.  Full Article

Nareva selects General Electric turbines for 100MW Wind Farm in Morocco
Monday, 22 Sep 2014 08:08am EDT 

General Electric:Says it will supply 56 1.7-100 wind turbines for its first wind farm in North Africa developed by Energie Eolienne du Maroc (EEM), a subsidiary of Nareva Holding.  Full Article

General Electric to sell appliances business to Electrolux for $3.3 bln
Monday, 8 Sep 2014 01:30am EDT 

General Electric:Says that it has signed a definitive agreement to sell its Appliances business to Electrolux for $3.3 billion.Says as part of the transaction, GE has entered into a long-term agreement with Electrolux to continue use of the GE Appliances brand.The transaction has been approved by the board of GE and Electrolux.Says transaction remains subject to customary closing conditions and regulatory approvals, and is targeted to close in 2015.  Full Article

General Electric authorizes regular quarterly dividend
Friday, 5 Sep 2014 12:36pm EDT 

General Electric:Declares $0.22 per share dividend on outstanding common stock of company.Payable on Oct. 27, with record date of Sept. 22 and an ex-dividend date of Sept. 18.  Full Article

General Electric Co's GE Healthcare announces FDA approval of SenoClaire, new breast imaging with 3D tomosynthesis solution
Wednesday, 3 Sep 2014 07:00am EDT 

General Electric Healthcare:Says FDA approval of SenoClaire, GE's new breast tomosynthesis solution designed with three-dimensional imaging technology.Says in collaboration with Massachusetts General Hospital, GE developed SenoClaire technology that uses low-dose short X-ray sweep around positioned breast with nine exposures acquired with step-and-shoot method, removing potential motion from tube helping to reduce blur and increase image sharpness.  Full Article

General Electric Co's GE Intelligent Platforms receives $1.5m order from Spain's Sainsel to enable new equipment for mission systems
Tuesday, 2 Sep 2014 11:00am EDT 

General Electric Co:Says its GE Intelligent Platforms received orders from Sainsel Sistemas Navales of Madrid, Spain for a range of GE's rugged embedded computing systems that will be deployed as part of Sainsel's aeronautics program.Initial value of the order is $1.5 million; long term value is expected to be $7 million.  Full Article


GE plans stake sale in two South Korean finance JVs: sources

- General Electric Co is planning to divest stakes in its joint venture auto-financing and credit card businesses in South Korea, people familiar with the matter told Reuters, as the U.S. conglomerate continues to trim its exposure to the financial services sector.

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