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GE Signs Agreements With Power Generation Joint Stock Corporation 3
Long Ridge Energy Terminal Partners With New Fortress Energy And GE To Transition Power Plant To Zero-Carbon Hydrogen
GE Hitachi Nuclear Energy Announces It Will Be Working With Ontario Power Generation
General Electric Company is a global digital industrial company. The Company's products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
Aerospace & Defense
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The Sudanese government signed a memorandum of understanding with General Electric <GE.N> on Thursday aimed at increasing power generation by up to 470 megawatts (MW) as Sudan struggles to emerge from an economic crisis and long economic isolation.
General Electric said on Tuesday it has received a notice from U.S. Securities and Exchange Commission staff, warning that the company could face a civil action for possible violations of securities laws related to accounting practices for some of its insurance holdings.
General Electric Co has been issued a Wells notice by the U.S. Securities and Exchange Commission (SEC) staff, the industrial conglomerate said in a regulatory filing on Tuesday. (https://bit.ly/3iF3XGC) (Reporting by Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber)
Russian state energy holding InterRAO <IRAO.MM> plans to invest up to 45 billion roubles ($580 million) in its gas turbines joint venture with General Electric <GE.N>, Alexey Maslov, its head of strategy, said on Wednesday.
General Electric Co <GE.N> said on Monday its GE9X engine for Boeing Co's <BA.N> 777X passenger jet has been certified by the U.S. aviation safety regulator, clearing a hurdle in the planemaker's path to bring its new jet to the market.
In 2006, Breakingviews criticised General Electric for its sprawl. We argued that “spinning off NBC to shareholders would make GE a more focused industrial company”, bring in some $35 billion of cash and aid Chief Executive Jeff Immelt’s desire to bolster the group’s finances...
General Electric Co <GE.N> said on Monday it plans to stop making coal-fired power plants, as the U.S. industrial conglomerate focuses more on renewable sources of power generation.
General Electric Co said on Monday it plans to stop making new coal-fired power plants, as the U.S. industrial conglomerate focuses more on renewable sources of power generation.
General Electric Co's <GE.N> shares surged on Wednesday after Chief Executive Officer Larry Culp said the industrial conglomerate's free cash flow would turn positive in the second half of this year.
General Electric Co expects to report positive free cash flow in the second half of 2020, Chief Executive Officer Larry Culp said at a Morgan Stanley Laguna Conference on Wednesday.
French Finance Minister Bruno Le Maire said on Thursday he will call Lawrence Culp, the head of General Electric <GE.N>, in a bid to save jobs at the Belfort factory in eastern France.
General Electric Co <GE.N> shares are now worth less than $5 each, analysts from J.P. Morgan said on Monday, valuing the U.S. conglomerate at less than $44 billion and predicting it is yet to reach a turning point in efforts to reboot its businesses.
** U.S. industrial conglomerate General Electric Co extends CEO Larry Culp's contract by two years amid his efforts to turnaround the co and lower its huge debt
General Electric Co <GE.N> said it has extended the employment agreement of Chief Executive Officer Lawrence Culp through August 2024.
General Electric Co <GE.N> said it had signed two new agreements valued at over $1.2 billion with the Iraqi Ministry of Electricity, to undertake maintenance programs across key power plants in the country and bolster its transmission network.
General Electric Co <GE.N> saw less cash outflow than estimated in the second quarter, even as the coronavirus pandemic pummeled demand in its aviation business, resulting in a wider-than-expected quarterly loss.
Agricultural commodities trader Bunge Ltd on Wednesday raised its full-year outlook after its second-quarter profit handily beat Wall Street estimates, bolstered by oilseed crushing and robust crop exports to China.
* GENERAL ELECTRIC CO SAYS SAW SIGNS OF IMPROVEMENT IN BUSINESS IN JUNE AND JULY- CONF. CALL
General Electric Co reported $2.18 billion in quarterly losses on Wednesday, hurt by weakness in its aviation and power units due to the COVID-19 pandemic, but its free cash outflow came in better than expected.
The collapse of global air travel has stopped General Electric Co's <GE.N> turnaround plan in its tracks and the company will have to convince investors on Wednesday that it is on course to reduce cash burn through the rest of 2020.
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