Key Developments: General Electric Co (GE)

GE on New York Consolidated

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19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

General Electric enters into IP licensing agreement with WordLogic
Monday, 15 Dec 2014 08:03am EST 

WordLogic Corp:Enters into an agreement for exclusive rights to monetize specific patented intellectual property in General Electric's portfolio.  Full Article

General Electric Co approves 5 pct increase in quarterly dividend
Friday, 12 Dec 2014 11:56am EST 

General Electric Co:Raised company's quarterly dividend 5 pct, or $0.01 per outstanding share of company's common stock, to $0.23 per outstanding share of company's common stock.Declared that the dividend is payable Jan. 26, 2015 to share owners of record at the close of business on Dec. 22, 2014.Ex-dividend date is Dec. 18, 2014.  Full Article

General Electric Co's GE capital closes sale of GE Money Bank AB (Nordics) to Santander Consumer Finance S A
Thursday, 6 Nov 2014 08:57am EST 

General Electric Co:GE Capital, the financial services division of General Electric Co, announces that it has closed the sale of its GE Money Bank AB (Nordics) consumer finance business to Santander Consumer Finance S.A.  Full Article

General Electric Co's GE Capital Aviation Services to acquire Milestone Aviation Group
Monday, 13 Oct 2014 09:00am EDT 

GE Capital Aviation Services:Announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 bln.Says transaction is targeted to close in 2015.GE Capital Aviation Services, is the aircraft leasing unit of General Electric Co.  Full Article

Verizon and General Electric to expand the reach and strength of industrial internet
Thursday, 9 Oct 2014 09:30am EDT 

General Electric Co:Says the company and Verizon announced plans to expand the reach and strength of the Industrial Internet.Companies have teamed up to allow GE's software-enabled machines and devices to connect to Verizon's machine-to-machine connectivity and cloud platforms to create a secure wireless communications system for the Industrial Internet.GE and Verizon will also enter into discussions to collaborate on a single global SIM (subscriber identity module) for global connectivity.GE/Verizon alliance is poised to deliver a range of value-added services for GE's Predix(tm) platform, including remote monitoring, diagnostics and the ability to resolve maintenance issues virtually anywhere in the world.  Full Article

General Electric Co's Healthcare to collaborate with GlaxoSmithKline on commercial oncology testing
Tuesday, 30 Sep 2014 08:00am EDT 

General Electric Co:Announces GE Healthcare inks into an agreement between its affiliate, Clarient Diagnostic Services Inc and GlaxoSmithKline.Collaboration aims to improve access to diagnostic testing for cancer patients by establishing network of clinical laboratories to identify genetic mutations associated with different tumour types.Collaboration will enable GE to develop broader laboratory and data analytics service that will enable better efficiency in healthcare market related to oncology precision medicine.Under terms of agreement with GSK, GE Healthcare, through its Clarient affiliate, will initially use clinical laboratory, pathology and genomics expertise, to certify laboratories and generate diagnostic data on metastatic melanoma patients.First Clarient certified laboratories to initiate this work, are expected to be operational in several countries in early 2015.  Full Article

Safran and General Electric JV CFM International gets $560 million order from easyJet
Monday, 29 Sep 2014 08:00pm EDT 

Safran SA:Says easyJet announced an additional order with CFM International (a joint venture between Safran's Snecma and General Electric) for 54 CFM56-5B engines.Engines to power the 27 Airbus A320 ceo (current engine option) aircraft scheduled to begin delivery between 2015 and 2018.CFM values the firm engine order at more than $560 million.  Full Article

General Electric Co 's GE Capital provides update on timing of expected close of its GE Money Bank AB (Nordics) sale to Santander Consumer Finance S.A
Friday, 26 Sep 2014 06:30am EDT 

GE Capital:Says it now expects the close of its GE Money Bank AB (Nordics) consumer finance business sale to Santander Consumer Finance S.A., announced on June 21, 2014, to be in the Q4 2014.Says there is no change to the full year outlook for GE or GE Capital.GE Capital, the financial services division of General Electric Co.  Full Article

Nareva selects General Electric turbines for 100MW Wind Farm in Morocco
Monday, 22 Sep 2014 08:08am EDT 

General Electric:Says it will supply 56 1.7-100 wind turbines for its first wind farm in North Africa developed by Energie Eolienne du Maroc (EEM), a subsidiary of Nareva Holding.  Full Article

General Electric to sell appliances business to Electrolux for $3.3 bln
Monday, 8 Sep 2014 01:30am EDT 

General Electric:Says that it has signed a definitive agreement to sell its Appliances business to Electrolux for $3.3 billion.Says as part of the transaction, GE has entered into a long-term agreement with Electrolux to continue use of the GE Appliances brand.The transaction has been approved by the board of GE and Electrolux.Says transaction remains subject to customary closing conditions and regulatory approvals, and is targeted to close in 2015.  Full Article

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UK adds to Alstom's legal woes as power unit faces bribe charge

LONDON/PARIS - Britain's Serious Fraud Office (SFO) has charged a British subsidiary of French energy equipment firm Alstom with bribing officials to secure a power contract, making it the second Alstom unit to face UK charges this year.

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