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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 CEO Jeff Immelt says U.S. still has much to gain from globalization
2:21pm EDT 

General Electric Co : GE CEO Jeff Immelt says maintaining healthy US-China relationship is most important geopolitical issue today . GE CEO Jeff Immelt says U.S. still has much to gain from globalization . GE's CEO Immelt, discussing climate change, says in the case of GE "we actually do believe in science" . GE CEO Jeff Immelt says if tax reform is not achieved, people are going to get "thrown out" in the next election . GE CEO Immelt says if a Republican-led government cannot achieve tax reform, "why have the Republican Party" Further company coverage: [GE.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

General Electric says GE Capital exits European consolidated prudential supervision
7:59am EDT 

General Electric Co : GE Capital exits European consolidated prudential supervision . GE Capital's non-U.S. activities are no longer subject to consolidated supervision by UK's Prudential Regulation Authority . GE Capital has largely completed process of selling approximately $200 billion of GE Capital non-core businesses .Action completes GE Capital's global exit from consolidated supervision.  Full Article

General Electric's power services signed agreement to provide advanced gas path upgrades
Tuesday, 28 Mar 2017 09:59am EDT 

General Electric Co : General Electric -Ge’S power services signed agreement to provide advanced gas path upgrades for 2 GE 9FA gas turbines at caojing combined-cycle power station in china . General Electric - in addition, GE signed 25-year services agreement with Shanghai Caojing Co-Generation Co Ltd, owner of Caojing Power Station .General Electric - deal extends a previous services agreement signed by GE and Shanghai Caojing Co-Generation company in 2013.  Full Article

Suez says successfully placed 1.2 bln euros to finance GE Water acquisition
Monday, 27 Mar 2017 02:34pm EDT 

Suez :France's Suez said on Monday that following an announcement on March 8th of a project to acquire GE Water & Process Technologies together with Caisse de dépôt et placement du Québec, it has successfully priced an offering of 1.2 billion euros ($1.30 billion) in senior unsecured notes that constitutes the first step in refinancing the acquisition..  Full Article

GE Renewable Energy says to supply 3 Haliade offshore wind turbines in China
Monday, 27 Mar 2017 11:41am EDT 

General Electric Co :GE renewable energy says to supply 3 Haliade offshore wind turbines in China.  Full Article

Noble Corp announces partnership with GE
Monday, 27 Mar 2017 08:00am EDT 

General Electric Co : Noble Corporation-announces partnership with GE to collaborate on advanced data analytics system for offshore drilling rigs .Noble Corporation Plc - agreement calls for GE to initially deploy its digital asset performance management system on 4 Noble drilling rigs.  Full Article

Greencoat UK Wind buys Langhope rig wind farm from GE unit
Monday, 27 Mar 2017 03:45am EDT 

Greencoat UK Wind Plc : Acquisition of Langhope rig wind farm .Acquired Langhope rig wind farm from GE unit, GE Energy Financial Services, for a total consideration of 39.8 mln stg.  Full Article

General Electric says co and Sarawak Energy sign multiyear deal in Malaysia
Friday, 24 Mar 2017 08:22am EDT 

General Electric Co :Co and Sarawak Energy sign multiyear deal in Malaysia for Tanjung Kidurong Power Station, Bintulu.  Full Article

GE sets industrial unit 2017 operating profit target of $17.2 bln
Wednesday, 22 Mar 2017 09:16am EDT 

General Electric Co : General Electric Co - to set an industrial operating profit target of $17.2 billion for 2017 . General Electric Co - company is also targeting reduced industrial structural costs of $22.9 billion for 2018 . General Electric Co - increased its targeted reduction in industrial structural costs from a total of $24.9 billion in 2016 to $23.9 billion for 2017 . General Electric Co - based on discussions with Trian Fund Management, set an industrial operating profit target of $17.2 billion for 2017 . General Electric Co - company's board of directors modified performance framework for members of company's executive management team . General Electric Co - if neither of 2017 industrial operating profit target & industrial cost targets for achieved, bonuses will be decreased by 20% . General Electric Co - modified performance framework for executive management team so that 2017 bonuses will be increased or decreased based on achievement of targets .General Electric Co - for 2018, will review performance framework with goal to "further align incentives around most critical financial metrics".  Full Article

GE Transportation, DB Cargo to digitize 250 locomotives across Germany,U.K.,France,Poland
Wednesday, 15 Mar 2017 10:00am EDT 

GE Transportation:DB Cargo, GE transportation signed agreement to digitize 250 locomotives across Germany, U.K., France, Poland over next five years.  Full Article

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Deals of the day-Mergers and acquisitions

March 30 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: