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General Electric Co (GE.N)

GE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

General Electric announces appointment of co officers
Monday, 19 Sep 2016 09:00am EDT 

General Electric Co : Ramesh Singaram has been promoted to vice president, Commercial for GE's power services business . Wouter Van Wersch has been promoted to a company officer in his current role as president & CEO, GE Asean . Brian Ward promoted to company officer in current role as managing director, global markets for GE Energy Financial Services in GE Capital .Thomas J. Mcguinness has joined GE as vice president and chief strategy & commercial officer, GE Healthcare.  Full Article

U.S. CPSC - announces recall of GE profile top-loading clothes washers
Thursday, 15 Sep 2016 11:00am EDT 

U.S. CPSC: Announces recall of GE profile top-loading clothes washers . Electrical component in washers can overheat, posing a fire hazard . GE appliances has received 71 reports of internal washer components burning or catching fire .Recall affects about 222,000 units.  Full Article

GE Digital acquires Meridium Inc
Wednesday, 14 Sep 2016 02:35pm EDT 

GE Digital: GE Digital acquires Meridium Inc to accelerate delivery of comprehensive asset performance management offering for customers .Total acquisition, inclusive of original investment, was executed for an enterprise value of $495 million.  Full Article

GE names David Joyce as vice chair
Monday, 12 Sep 2016 08:00am EDT 

General Electric Co : GE names David Joyce as vice chair .GE board of directors has named David Joyce a company vice chair leading GE Aviation and additive manufacturing.  Full Article

GE sets quarterly dividend of $0.23 per share
Friday, 9 Sep 2016 12:03pm EDT 

General Electric Co :Sets quarterly dividend of $0.23 per share.  Full Article

General Electric says no impact to previous EPS forecast for 2018
Tuesday, 6 Sep 2016 09:01am EDT 

General Electric Co : Margin rates become accretive by 2021 and there is no impact to previous EPS forecast of $2 for 2018 - investor conf Further company coverage: [GE.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

SLM Solutions says GE agrees to preserve sites, workforce
Tuesday, 6 Sep 2016 02:06am EDT 

SLM Solutions : SLM Solutions Group and GE Germany Holdings AG agree on business combination; ge germany holdings ag announces voluntary public takeover offer for all shares of SLM Solutions Group AG . SLM Solutions and GE agreed on major cornerstones of transaction and their mutual understanding of slm solutions' future development . General Electric assured support of development on a long-term basis, to preserve and expand existing sites, including size of workforce . General Electric would welcome if slm solutions' executive board members will continue their office in company .Says executive board and supervisory board will issue a reasoned opinion following receipt of offer document.  Full Article

GE issues 5.9 bln SEK recommended cash bid for Swedish 3D printer maker Arcam
Tuesday, 6 Sep 2016 02:00am EDT 

Arcam : GE Sweden Holdings, a Swedish company within the GE Aviation operating unit and an indirectly wholly-owned subsidiary of General Electric Company, has today announced a public cash offer to the shareholders of Arcam to tender all ordinary shares for a consideration consisting of SEK 285 in cash per Share, which corresponds to a total Offer value of 5,855,776,725 SEK . Statement by the board of directors of Arcam in relation to the public offer by GE . Says offer represents a premium of 53.23 per cent to closing price of SEK 186.00 per share on Nasdaq Stockholm on September 5, 2016 . Says board unanimously recommends Arcam shareholders to accept offer . GE says does not intend to make any material changes for Arcam's employees, including their terms of employment and the locations of business. .GE Group says believes Additive Manufacturing is the next step in GE Group's development as a Digital Industrial company, and Arcam is a respected player in the additive space as the inventor of EBM® technology (Electron Beam Melting)..  Full Article

General Electric files certificate of change to its restated certificate of incorporation
Thursday, 1 Sep 2016 04:42pm EDT 

General Electric Co : Filed with secretary of state of New York a certificate of change to its restated certificate of incorporation .Certificate of change amends GE's certificate of incorporation to reflect relocation of GE's headquarters.  Full Article

GE completes sale of commercial lending & leasing business in India
Thursday, 1 Sep 2016 05:30am EDT 

General Electric Co : GE completes sale of commercial lending and leasing business in India .Transaction represents ending net investment (ENI) of approximately $0.4 billion as of end of Q2 of 2016.  Full Article

Envision Energy to spend $1.1 billion on Europe expansion: CEO

HAMBURG Chinese wind turbine maker and energy management group Envision Energy plans to spend about 1 billion euros ($1.1 billion) on acquisitions and partnerships in Northern Europe over the next 3-5 years, its chief executive and founder said on Tuesday.