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General Electric Co (GE.N)

GE.N on New York Stock Exchange

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22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

GE Hitachi Nuclear Energy, ARC Nuclear to advance collaboration for developing advanced SMR
Monday, 28 Aug 2017 01:36pm EDT 

Aug 28 (Reuters) - ‍GE Hitachi Nuclear Energy::GE Hitachi Nuclear Energy and ARC Nuclear announce steps to further collaboration to commercialize advanced small modular reactor.Via development agreement, intends to license intellectual property related to PRISM advanced reactor design to ARC Nuclear​.Agreed to provide to ARC Nuclear access to nuclear infrastructure programs related to quality, safety culture, training.  Full Article

GE to provide digitally-enabled HA power plant and services for Mexico's Tierra Mojada project‍​
Wednesday, 12 Jul 2017 01:33pm EDT 

July 12 (Reuters) - General Electric Co ::GE to provide digitally-enabled HA power plant and services for Mexico's Tierra Mojada project‍​.Tierra Mojada combined-cycle gas-fired power plant is to be completed in December 2019.Will also provide services to maintain the gas turbine, steam turbine and generators under a multi-year service agreement.Tierra Mojada combined-cycle gas-fired power plant is expected to generate 875 megawatts (MW) of electricity.  Full Article

GE Healthcare acquires Novia Strategies
Monday, 10 Jul 2017 04:30pm EDT 

July 10 (Reuters) - General Electric Co :GE Healthcare acquires Novia Strategies to expand clinical consulting capabilities and help more healthcare organizations achieve breakthrough outcomes.General Electric Co says terms of transaction are not being disclosed​.General Electric Co - ‍Novia Solutions was not included as a part of the transaction​.General Electric Co - ‍Novia Strategies will become part of GE Healthcare Camden Group​.  Full Article

General Electric reports Q1 continuing operations EPS (GAAP) of $0.10
Friday, 21 Apr 2017 06:41am EDT 

April 21 (Reuters) - General Electric Co ::Quarterly continuing operations EPS (GAAP) of $0.10.Says reaffirm 2017 operating framework for industrial operating + verticals EPS, organic revenue growth and industrial operating margin expansion.Quarterly industrial operating + verticals EPS (non-GAAP) of $0.21.Q1 total revenue and other income $27,660 million versus. $27,845 million.Q1 earnings per share view $0.17, revenue view $26.41 billion -- Thomson Reuters I/B/E/S.Quarterly orders $25.7 billion, up 10 percent.Says backlog at Q1-end was $324 billion, up 3%.CEO Immelt - "Expect cash flows to improve throughout the remainder of the year, with no change to our full year cash flow framework.".Says planned combination of GE oil & gas and Baker Hughes remains on track, and we expect the deal to close in mid-2017.Says is investing in innovations in GE Digital and GE Additive.General Electric's Immelt says are executing a $2 billion cost out program over 2017 and 2018 to deliver more value to our customers, shareowners, employees.General Electric's Immelt says "GE is continuing its portfolio transformation and investing in innovations in ge digital and GE additive".  Full Article

GE Q1 results press release
Friday, 21 Apr 2017 06:30am EDT 

Please click on the link below for GE's quarterly earnings press release::.  Full Article

South Africa's Competition Commission recommends Tribunal to approve proposed merger between General Electric and Baker Hughes
Monday, 6 Mar 2017 06:59am EST 

South Africa's Competition Commission: Recommended to Tribunal that proposed merger between General Electric and Baker Hughes be approved, without conditions Further company coverage: [BHI.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Trian Fund Management cuts share stake in GE, Mondelez - SEC Filing
Tuesday, 14 Feb 2017 05:08pm EST 

Trian Fund Management : Trian fund management cuts share stake in general electric by 7.2% to 67.42 million shares . Trian fund management cuts share stake in mondelez international inc by 7.9% to 44.23 million shares . Trian fund management raises share stake in wendys co by 9.2% to 44.54 million shares .Trian fund management - change in holdings are as of dec 31, 2016 and compared with the previous quarter ended as of sept 30, 2016.  Full Article

Mytilineos Holdings and GE cooperate to install the world's first Digital Smelter
Tuesday, 14 Feb 2017 11:00am EST 

Mytilineos Holdings SA : Announces cooperation with General Electric (GE) , aiming to optimise productivity and reduce energy costs . Says together with GE, will install the world's first Digital Smelter, a digital solution based in Predix software . Says the Digital Smelter will be developed by GE teams in U.S. and the U.A.E. . Says the deal was signed by its Greek Aluminium unit and GE in Dubai, will last 10 years .Says the Digital Smelter is a solution for aluminum electrolysis, increasing productivity and reducing energy costs.  Full Article

General Electric, Aluminium of Greece sign deal to implement digital smelter solutions for AOG
Monday, 13 Feb 2017 06:21am EST 

General Electric Co :General Electric Co - Co and Aluminium of Greece signed a 10-year agreement to implement digital smelter solutions for AOG.  Full Article

GE says board approves 4 pct increase in qtrly dividend
Friday, 9 Dec 2016 11:27am EST 

General Electric Co : GE board of directors approves 4 pct increase in quarterly dividend . Raised company's quarterly dividend to $0.24 per outstanding share .Raised company's quarterly dividend 4 pct, or $0.01 per outstanding share.  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.