General Electric Company

General Electric Co said on Tuesday it is facing inflationary pressure that is set to intensify, particularly at its jet-engine business, for the remainder of the year.

General Electric Co lifted its free cash flow forecast for the year on Tuesday, as a recovery in the aviation market is expected to boost demand for the U.S. conglomerate's jet engines and spare parts.

Irish aircraft leasing company AerCap is set to secure unconditional EU antitrust approval for its $30 billion bid for General Electric's aircraft leasing business, three people familiar with the matter said.

A Chinese-backed deal to help Bosnian utility EPBiH expand its Tuzla coal-fired power plant has run into problems following General Electric's withdrawal from the project, a senior Bosnian official told Reuters on Thursday.

Boeing Co on Wednesday named former General Electric executive Brian West as its chief financial officer, more than two months after the planemaker announced the surprise retirement of long-time financial head Greg Smith.

General Electric Co named Jan Kjaersgaard as the new chief executive of its offshore wind business, effective Monday.

EU antitrust regulators will decide by July 26 whether to clear a $30 billion bid by Ireland's AerCap to buy the aircraft leasing business of General Electric, a European Commission filing showed on Monday.

Interest in using hydrogen in gas-fired power plants is growing in Australia, where one project last month got the go-ahead, which could drive early demand for green hydrogen, General Electric Co executives said.

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.