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General Electric Co (GE.N)

GE.N on New York Stock Exchange

8.02USD
16 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Bridgewater Associates Founder Dalio Says Trade Issue With China Can Be Dealt With- CNBC
Thursday, 15 Nov 2018 08:45am EST 

Nov 15 (Reuters) - :BRIDGEWATER ASSOCIATES FOUNDER RAY DALIO SAYS ISSUE WITH CHINA IS BROADER THAN TRADE AND IS AN ISSUE THAT WILL REMAIN FOR SOMETIME - CNBC INTERVIEW.BRIDGEWATER ASSOCIATES FOUNDER RAY DALIO SAYS TRADE ISSUE WITH CHINA CAN BE DEALT WITH.BRIDGEWATER ASSOCIATES FOUNDER RAY DALIO SAYS CURRENT INTEREST RATES ARE HURTING ASSET PRICES.BRIDGEWATER ASSOCIATES FOUNDER RAY DALIO SAYS FEDERAL RESERVE WILL HAVE TO LOOK AT ASSET PRICES BEFORE THEY LOOK AT ECONOMIC ACTIVITY.BRIDGEWATER ASSOCIATES FOUNDER RAY DALIO SAYS GE'S PROBLEMS ARE WELL RECOGANIZED IN THE MARKET.  Full Article

Baker Hughes A GE Co Says GE And BHGE LLC Entered Supply Agreement With Respect To Heavy Duty Gas Turbine Units, Parts And Components
Tuesday, 13 Nov 2018 07:51am EST 

Nov 13 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES A GE CO - GE AND BHGE LLC ENTERED SUPPLY AGREEMENT WITH RESPECT TO HEAVY DUTY GAS TURBINE UNITS, PARTS AND COMPONENTS.BAKER HUGHES A GE CO - INITIAL TERM OF HDGT SUPPLY AGREEMENT 5 YRS FOR NEW UNITS, LATER OF 20 YEARS & OPERATING SERVICE LIFE FOR PARTS & COMPONENTS.BAKER HUGHES A GE CO - UNDER HDGT SUPPLY AGREEMENT, CO AGREES TO EXCLUSIVELY PURCHASE CERTAIN UNITS, PARTS AND COMPONENTS FROM GE.BAKER HUGHES A GE CO - UNDER HDGT SUPPLY AGREEMENT, GE AGREES TO EXCLUSIVELY SUPPLY CERTAIN UNITS, PARTS AND COMPONENTS TO BHGE,.  Full Article

Baker Hughes, a GE Company and General Electric Company announce a series of long-term agreements to maximize value for both BHGE and GE
Tuesday, 13 Nov 2018 07:20am EST 

Nov 13 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY AND GENERAL ELECTRIC COMPANY ANNOUNCE A SERIES OF LONG-TERM AGREEMENTS TO MAXIMIZE VALUE FOR BOTH BHGE AND GE.GENERAL ELECTRIC CO - BHGE AND GE ALSO AGREED ON A RELEASE FROM LOCK-UP RESTRICTIONS UNDER THEIR STOCKHOLDERS AGREEMENT.GE - BHGE, GE AGREE TO COOPERATE ON PROPOSED SALE BY CO OF PART OF STAKE INTO MARKET, TO CONCURRENT REPURCHASE OF ANOTHER PART OF GE STAKE BY BHGE.GENERAL ELECTRIC CO - THERE WILL BE NO MATERIAL IMPACT FROM AGREEMENTS TO OUR OUTLOOK, BALANCE SHEET, OR ABILITY TO GENERATE CASH.GENERAL ELECTRIC CO - AGREEMENTS ANNOUNCED ACCELERATE PLAN ANNOUNCED TO PURSUE AN ORDERLY SEPARATION FROM BHGE..GENERAL ELECTRIC CO - TOGETHER, TRANSACTIONS ARE EXPECTED TO MAINTAIN GE'S STAKE IN BHGE ABOVE 50%.GENERAL ELECTRIC CO - GE'S BOARD OF DIRECTORS ALSO HAS APPROVED AGREEMENTS.GENERAL ELECTRIC CO - BHGE CONFLICTS COMMITTEE APPROVED AGREEMENTS FOLLOWING NEGOTIATIONS WITH GE.GENERAL ELECTRIC - BHGE ALSO ENTERED LONG-TERM SUPPLY,DISTRIBUTION AGREEMENTS WITH GE FOR HEAVY-DUTY GAS TURBINE TECHNOLOGY AT CURRENT PRICING LEVELS.GE - GE'S REMAINING STAKE WILL BE SUBJECT TO A 180-DAY LOCK-UP PROHIBITING FURTHER SALES INTO MARKET WITHOUT CONSENT FROM UNDERWRITING BANKS.GENERAL ELECTRIC CO - BHGE AND GE DIGITAL HAVE AGREED TO EXTEND THEIR EXCLUSIVE SUPPLIER RELATIONSHIP FOR DIGITAL OIL AND GAS APPLICATIONS.  Full Article

Sources At Blackstone Say PE Firm Eyes Possible Purchase Of GE Assets - FBN Gasparino's Tweet
Monday, 12 Nov 2018 03:18pm EST 

Nov 12 (Reuters) - :SOURCES AT BLACKSTONE SAY P.E. FIRM EYES POSSIBLE PURCHASE OF GE ASSETS; GE WORKING WITH GOLDMAN SACHS, JPM ON BANKING SCENARIOS - FBN GASPARINO'S TWEET.  Full Article

Global Nuclear Fuel's Genusa Awarded Long-Term Fuel Supply Contract By TVO
Monday, 12 Nov 2018 08:44am EST 

Nov 12 (Reuters) - General Electric Co ::GLOBAL NUCLEAR FUEL’S GENUSA AWARDED LONG-TERM FUEL SUPPLY CONTRACT BY TVO.GLOBAL NUCLEAR FUEL - THE NEW FUEL SUPPLY CONTRACT AWARDED BY TVO TO GENUSA RUNS FROM 2020 THROUGH 2038.  Full Article

GE Secures A Second 1,500-Volt Inverter Project In Japan
Wednesday, 7 Nov 2018 06:25am EST 

Nov 7 (Reuters) - General Electric Co ::GE SECURES A SECOND 1,500-VOLT INVERTER PROJECT IN JAPAN.GE - WILL BE DELIVERING 25 OF ITS 1-MW LV5 1,500-VOLT INVERTERS AND 13 MEDIUM-VOLTAGE TRANSFORMERS WITH A RING MAIN UNIT (RMU) FOR THE PROJECT.GE - SELECTED BY TOYO ENGINEERING CORPORATION ON BEHALF OF THE PROJECT OWNER, GK KS POWER 1, FOR SOLAR PLANT PROJECT IN KATSUURA CITY, JAPAN.  Full Article

GE Signs Agreements To Supply Equipment For Thar Energy Limited Power Plant In Pakistan
Wednesday, 7 Nov 2018 06:19am EST 

Nov 7 (Reuters) - General Electric Co ::GE SIGNS AGREEMENTS TO SUPPLY EQUIPMENT AND 12-YEAR MAINTENANCE SERVICES FOR THE 330 MW THAR ENERGY LIMITED POWER PLANT IN PAKISTAN.GE POWER - GE WILL PROVIDE CIRCULATING FLUIDIZED BED (CFB) BOILER AND ITS STEAM TURBINE GENERATOR TECHNOLOGY FOR THE TEL POWER PLANT.GE POWER - WON EQUIPMENT, SERVICES DEALS WORTH OVER $60 MILLION TO PROVIDE SERVICES FOR 12 YRS FOR 330 MW TEL POWER PLANT IN PAKISTAN.  Full Article

GE Says SEC Expands Probe Into Power Unit Writedown
Tuesday, 30 Oct 2018 08:50am EDT 

Oct 30 (Reuters) - General Electric Co ::GE SAYS AFTER OCT 1 ANNOUNCEMENT, SEC EXPANDED INVESTIGATION TO INCLUDE EXPECTED NON-CASH GOODWILL IMPAIRMENT CHARGE RELATED TO POWER BUSINESS.  Full Article

Wabtec Q3 Adjusted Earnings Per Share $0.95
Tuesday, 30 Oct 2018 07:40am EDT 

Oct 30 (Reuters) - Westinghouse Air Brake Technologies Corp ::WABTEC REPORTS STRONG SALES AND EPS GROWTH FOR 3Q, AFFIRMS FULL-YEAR EPS GUIDANCE.Q3 SALES $1.08 BILLION VERSUS I/B/E/S VIEW $1.01 BILLION.SEES FY 2018 EARNINGS PER SHARE ABOUT $3.85 EXCLUDING ITEMS.SEES FY 2018 REVENUE ABOUT $4.35 BILLION.Q3 ADJUSTED EARNINGS PER SHARE $0.95 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE VIEW $0.95 -- THOMSON REUTERS I/B/E/S.AFFIRMED ITS FULL-YEAR EPS GUIDANCE..FY2018 EARNINGS PER SHARE VIEW $3.89, REVENUE VIEW $4.27 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $3.89 -- THOMSON REUTERS I/B/E/S.AT SEPT. 30, COMPANY'S TOTAL, MULTI-YEAR BACKLOG WAS $4.6 BILLION, SLIGHTLY LOWER THAN AT END OF Q2.QTRLY GAAP EARNINGS PER DILUTED SHARE WERE 91 CENTS.WESTINGHOUSE AIR BRAKE TECHNOLOGIES - PROPOSED COMBINATION WITH GE TRANSPORTATION IS EXPECTED TO BE COMPLETED BY EARLY 2019.FOR YEAR, CO EXPECTS CASH FLOW FROM OPERATIONS TO BE ABOUT $200 MILLION.WESTINGHOUSE AIR BRAKE TECHNOLOGIES - TO HOLD SPECIAL MEETING OF STOCKHOLDERS ON NOV. 14 REGARDING GE TRNASPORTATION MERGER.WESTINGHOUSE AIR BRAKE TECHNOLOGIES - AT MEETING, TO CONSIDER. VOTE ON PROPOSALS TO AMEND CHARTER TO UP NUMBER OF AUTHORIZED SHARES OF CO COMMON STOCK.AT SPECIAL MEETING TO ALSO CONSIDER, VOTE TO APPROVE ISSUANCE OF WABTEC COMMON STOCK TO EFFECT MERGER.  Full Article

GE Reports GAAP Net Loss Of $2.62 Per Share In Q3
Tuesday, 30 Oct 2018 07:12am EDT 

Oct 30 (Reuters) - General Electric Co ::3Q18 GAAP CONTINUING LOSS PER SHARE OF $2.63; 3Q18 ADJUSTED EPS (NON-GAAP) OF $0.14.QTRLY GAAP NET LOSS $2.62 PER SHARE.QTRLY TOTAL REVENUE $29,573 MILLION VERSUS $30,662 MILLION.Q3 EARNINGS PER SHARE VIEW $0.20, REVENUE VIEW $29.92 BILLION -- THOMSON REUTERS I/B/E/S.PLANS TO REDUCE QUARTERLY DIVIDEND TO $0.01 PER SHARE BEGINNING WITH NEXT DECLARATION, EXPECTED IN DECEMBER 2018.IN QUARTER RECORDED NON-CASH GOODWILL IMPAIRMENT CHARGE OF $22 BILLION, BEFORE TAX, RELATED TO GE POWER.INTENDS TO REORGANIZE GE POWER TO IMPROVE COST STRUCTURE, ENHANCE EXECUTION AGILITY, AND DRIVE BETTER OUTCOMES FOR CUSTOMERS AND INVESTORS.GE CEO SAYS " PRIORITIES IN MY FIRST 100 DAYS ARE POSITIONING OUR BUSINESSES TO WIN, STARTING WITH POWER, AND ACCELERATING DELEVERAGING".INTENDS TO REORGANIZE POWER TO ACCELERATE THE BUSINESS’ OPERATING AND FINANCIAL IMPROVEMENTS. GE PLANS TO CREATE TWO UNITS.REMAIN FOCUSED ON SHRINKING AND DE-LEVERAGING GE CAPITAL, INCLUDING IMPROVING ITS LEVERAGE PROFILE.GE CEO SAYS "OUR RESULTS ARE FAR FROM OUR FULL POTENTIAL".ALSO INTENDS TO CONSOLIDATE POWER’S HEADQUARTERS STRUCTURE.TWO NEW UNITS TO BE UNIFIED GAS BUSINESS & A SECOND UNIT CONSTITUTING PORTFOLIO OF GE POWER’S OTHER ASSETS.QTRLY BHGE ORDERS WERE $5.8 BILLION, FLAT VERSUS PRIOR YEAR.PLANS TO REDUCE ITS QUARTERLY DIVIDEND FROM $0.12 TO $0.01 PER SHARE BEGINNING WITH NEXT DIVIDEND DECLARATION.QTRLY BHGE REVENUES WERE $5.7 BILLION, UP 7%..  Full Article

GE hands leadership of Nigerian rail concession to Transnet

ABUJA General Electric said on Thursday it has handed over the leadership of a consortium chosen to run a Nigerian rail concession to South Africa's Transnet after the U.S. company spun off its transport business.