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General Electric Co (GE.N)

GE.N on New York Stock Exchange

30.19USD
24 Feb 2017
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$0.17 (+0.57%)
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Latest Key Developments (Source: Significant Developments)

General electric does not expect total after-tax charges through completion of Ge Capital Exit Plan
Friday, 24 Feb 2017 05:59pm EST 

General Electric Co : General Electric - due to anticipated tax benefits and gains, co does not expect total after-tax charges through completion of ge capital exit plan to exceed initial $23 billion estimate . GE - on Jan. 1, 2018, co will adopt new set of revenue recognition principles, that were issued by FASB in may 2014 . GE - new revenue recognition standard will have no cash impact and, as such, does not affect economics of underlying customer contracts .GE - effect of applying new guidance to existing book of contracts will result in lower reported earnings in 2018 and in early years after adoption.  Full Article

Lantheus Holdings & GE Healthcare announce the signing of a term sheet for worldwide development
Tuesday, 21 Feb 2017 04:00pm EST 

Lantheus Holdings Inc : Lantheus Holdings and GE Healthcare announce the signing of a term sheet for worldwide development and commercialization of flurpiridaz F 18 . Lantheus Holdings Inc - LMI would receive a $5 million upfront cash payment and, if successful, up to $60 million in regulatory and sales milestones payments . Lantheus Holdings Inc - GE Healthcare would fund second phase III flurpiridaz F 18 clinical study, worldwide regulatory approvals . Lantheus Holdings Inc - LMI would receive a usd 5 million upfront cash payment . Lantheus Holdings Inc - GE Healthcare would also fund flurpiridaz's worldwide launch and commercialization .Says parties anticipate entering into a definitive agreement for proposed transaction in Q2 of 2017.  Full Article

GE sets quarterly dividend of $0.24 per share
Friday, 10 Feb 2017 12:44pm EST 

GE : Sets quarterly dividend of $0.24 per share .GE board of directors authorizes quarterly dividend.  Full Article

Genpact and GE extend master services agreement
Wednesday, 8 Feb 2017 05:00pm EST 

Genpact Ltd : Genpact and GE extend master services agreement with a deeper leverage of digital technology and analytics .Genpact Ltd- signed a four-year extension to its master services agreement to provide professional services across all GE businesses.  Full Article

GE, Gama Energy sign agreement to operate first digital power plant in Turkey
Wednesday, 8 Feb 2017 07:27am EST 

General Electric Co :Says company and Gama Energy signed an agreement to operate the first digital power plant in Turkey.  Full Article

CEZ says teams up with GE to build TPP Pljevlja II plant in Montenegro
Monday, 6 Feb 2017 08:20am EST 

CEZ : Says its Skoda Praha unit agreed partnership with GE to build coal-fired TPP Pljevlja II power plant in Montenegro and help investor EPCG secure financing. . Skoda expects to present a final proposal of the financial structure and financing conditions for the project by the end of February. . CEZ signed deal to build 254 MW coal-fired plant in Montenegro in September 2016 Further company coverage: [CEZP.PR] (Prague Newsroom) ((prague.newsroom@thomsonreuters.com;)).  Full Article

GE to sell 43 pct stake in Hyundai Card to Hyundai Commercial, Affinity Equity Partners, GIC and Alpinvest
Wednesday, 1 Feb 2017 02:42am EST 

General Electric Co : GE to sell shares in Hyundai Card Co. to Hyundai Commercial, Affinity Equity Partners and other investors . General Electric Co - Signed agreement to sell 43% stake in Hyundai Card Co. to Hyundai Commercial, Affinity Equity Partners, GIC and Alpinvest . Transaction represents aggregate GE ending net investment (ENI) of approximately US$1.3 billion as of end of Q4 2016 .Signed an agreement to exit its entire 43% ownership in HCC.  Full Article

Boston Celtics and GE Announce multi-year partnership
Wednesday, 25 Jan 2017 10:37am EST 

General Electric Co :Multi-year partnership with Boston Celtics; co to be team's first jersey patch partner beginning 2017-18 season;partnership terms not disclosed.  Full Article

GE announces more than $1.4 bln in power generation orders with Iraq's ministry of electricity
Wednesday, 18 Jan 2017 09:11am EST 

General Electric Co : GE announces more than $1.4 billion in power generation orders with Iraq's ministry of electricity . GE - signed agreements that will add over two Gigawatts of power and secure delivery of about 1.75 GW of existing power to national grid .General Electric Co- in first phase of project, GE will install four 9E gas turbines in simple cycle at each site by 2018.  Full Article

Britain to give $400 mln for GE oil and gas contract with ghana
Monday, 16 Jan 2017 06:07am EST 

UK Export Finance - : Will provide $400 million in support for a ge oil & gas contract with Ghana's offshore cape three points project . The contract will support jobs in the Aberdeen and Bristol areas . Supporting a GE oil & gas contract worth us $850 million . Following first gas production in 2018, the new fields are expected to continuously feed Ghana’s thermal power plants for more than 20 years .Support is provided as part of a larger $1.35 billion financing package.  Full Article

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BRIEF-General electric does not expect total after-tax charges through completion of Ge Capital Exit Plan

* General Electric - due to anticipated tax benefits and gains, co does not expect total after-tax charges through completion of ge capital exit plan to exceed initial $23 billion estimate