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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)

ABB CEO expects $400 mln integration costs from GE deal
3:19am EDT 

Sept 25 (Reuters) - ABB Ltd :CEO Ulrich Spiesshofer says expects integration costs of $400 million amid 'footprint' optimisation.  Full Article

ABB puts share buyback on hold given GE transaction
2:31am EDT 

Sept 25 (Reuters) - ABB Ltd :Says has put share buyback programme on hold given GE transaction.  Full Article

General Electric said to near industrial-solutions unit sale to ABB- Bloomberg
Friday, 22 Sep 2017 06:04am EDT 

Sept 22 (Reuters) - :GE is said to near industrial-solutions unit sale to ABB - Bloomberg, citing sources.  Full Article

Hyperloop One closes series B-1 round of $85 mln
Thursday, 21 Sep 2017 08:36am EDT 

Sept 21 (Reuters) - Hyperloop One :Hyperloop One closes series B-1 round of $85 million.‍Hyperloop says latest one series B-1 round brings total financing raised by Hyperloop One to $245 million since its founding in 2014​.Hyperloop One - ‍advanced discussions to demonstrate hyperloop One technology have taken place with governments of Netherlands and Finland​.Hyperloop says new, existing investors in funding round include Caspian Vc Partners as a part of Summa Group, GE Ventures, WTI and Khosla ventures​.‍Hyperloop one says has been in discussions for several months with number of governments around world about developing Hyperloop One projects​.‍Hyperloop One says already completed feasibility studies for Hyperloop One projects in Dubai, United Kingdom, Russia and United States​.  Full Article

General Electric to shut down its corporate jet fleet - WSJ
Wednesday, 20 Sep 2017 11:58am EDT 

Sept 20 (Reuters) - :General Electric to shut down its corporate jet fleet - WSJ, citing source.  Full Article

GE secures financial closure for contract signed with EETC
Thursday, 14 Sep 2017 11:30am EDT 

Sept 14 (Reuters) - General Electric Co ::Says reached financial closure for contract signed with Egyptian Electricity Transmission Company‍​.  Full Article

GE partners with HPE for digital solutions across Middle East, Africa and Turkey​
Wednesday, 13 Sep 2017 10:52am EDT 

Sept 13 (Reuters) - General Electric Co ::GE signs $25 million partner agreement with Hewlett Packard Enterprise for digital solutions across Middle East, Africa & Turkey​.3-year agreement with HPE will focus primarily on cyber security solutions in operational technology.  Full Article

GE Power selected for another gas power plant contract in South Asia
Wednesday, 13 Sep 2017 06:26am EDT 

Sept 13 (Reuters) - General Electric Co ::GE says has been selected by Shapoorji Pallonji Group to supply power generation equipment for upcoming power plant in Bhola district of Bangladesh.  Full Article

GE board authorizes quarterly dividend of $0.24/share
Thursday, 7 Sep 2017 11:45am EDT 

Sept 7 (Reuters) - GE ::GE board of directors authorizes quarterly dividend.Sets quarterly dividend of $0.24 per share.  Full Article

Avitas Systems, a GE Venture, partners with Nvidia to enhance AI for robotic inspection and automated defect recognition
Thursday, 7 Sep 2017 09:41am EDT 

Sept 7 (Reuters) - General Electric Co :Avitas Systems,GE Venture- Partnering with Nvidia to use some advances in artificial intelligence computing to optimize use of robotics.  Full Article

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ABB buys GE business for $2.6 billion in bet it can boost margins

ZURICH Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion in a bet it can improve the division's lackluster margins over the next five years, the Swiss engineering company said on Monday.