General Electric Company

The U.S. Transportation Department said Tuesday it had launched a $3 billion aviation manufacturing payroll subsidy program that will cover up to half of eligible companies' compensation costs for as long as six months.

General Electric and France's Safran has unveiled plans to test-build an open-bladed jet engine able to reduce fuel use and emissions by 20% as they prolonged their historic CFM International joint venture by a decade to 2050.

General Electric and France's Safran on Monday set out plans to develop a new jet engine able to reduce fuel consumption and emissions by 20% as they announced a 10-year extension to their CFM International joint-venture to 2050.

General Electric Co Chief Executive Larry Culp on Friday said the U.S. Department of Justice has concluded the review of a $30 billion deal to merge the company's jet-leasing unit with Ireland's AerCap and the transaction is expected to close later this year or early next...

General Electric Co expects to burn less cash in the current quarter than it did a year earlier, continuing a year-on-year improvement in cash generation, Chief Financial Officer Carolina Dybeck Happe said on Thursday.

Delta Air Lines on Friday named Dan Janki, the head of General Electric Co's power unit, as its chief financial officer.

Delta Air Lines on Friday named Dan Janki, the chief executive officer of General Electric's power unit, as its chief financial officer. (Reporting by Shreyasee Raj; Editing by Aditya Soni)

General Electric Co shareholders rejected top executives' compensation packages, including a payout of as much as $230 million to CEO Larry Culp, at the industrial conglomerate's annual shareholder meeting on Tuesday.

Executive pay often resembles a ratchet, only going in one direction: up. Shareholders of General Electric on Tuesday rebelled. Nearly 58% of them voted against top executives' pay for 2020, including $73 million for boss Larry Culp. It's a rare rebuke, richly deserved.

A majority of shareholders at the General Electric Co annual general meeting rejected the pay packages for named executive officers, including CEO Larry Culp, whose compensation for 2020 tallied $73.2 million.

General Electric's cash outflow was smaller than estimated in the first quarter even as its lucrative jet-engine business struggled with the pandemic-led collapse of air travel, driving down company revenue.

General Electric reported a 20% fall in quarterly profit, hit by a slump in demand for aircraft engines as airlines struggle to recover from a pandemic-led collapse in travel.

General Electric Co's turnaround plans looked dead in the water to many last spring when its lucrative jet engine business became another victim of the coronavirus pandemic as global air travel dried up.

The U.S. Court of Appeals for the Federal Circuit on Friday reversed a win for General Electric Co before the Patent Trial and Appeal Board that had invalidated parts of a Raytheon Technologies Corp patent covering an airplane engine.

Billionaire activist investor Carl Icahn's investment firm on Monday named General Electric Co veteran and a former dealmaker, Aris Kekedjian, as its president and chief executive officer.

Former General Electric Co executive Aris Kekedjian will be named chief executive officer of Icahn Enterprises LP, activist investor Carl Icahn told the Wall Street Journal.

Global commodities trader and food processor Cargill Ltd on Tuesday named former General Electric executive Jamie Miller as its chief financial officer.

Rolls-Royce said on Thursday it had extended an exclusive deal to provide engines for the Airbus A350-900 to 2030, cementing its alliance with the European plane maker and deferring a potential challenge from rival General Electric.

Lawyers at Paul, Weiss, Rifkind, Wharton & Garrison have been working double time on high-value transactions as companies make up for last year's coronavirus-crimped deal pipeline.