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General Electric Co (GE.N)

GE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

GE CEO Says Examining Options For Company's Businesses - Conf Call‍​
10:55am EST 

Jan 16 (Reuters) - General Electric Co ::GE EXPECTS 2017 EPS TO BE AT THE LOW END OF ITS GUIDANCE - CONF CALL‍​.GE SAYS IMPACT FROM TAX REFORM IS ABOUT A $3.4 BILLION CHARGE TO BE RECORDED IN Q4 2017 - CONF CALL‍​.GE SAYS POWER BUSINESS CONTINUES TO BE CHALLENGING; INDUSTRIAL CFOA WILL EXCEED $7 BILLION 2017 GUIDANCE - CONF CALL‍​.GE CEO SAYS EXAMINING OPTIONS FOR THE COMPANY'S BUSINESSES INCLUDING "SEPARATELY TRADED ASSETS" IN ANY ONE OF ITS UNITS- CONF CALL‍​.GE CEO SAYS EXAMINING "MANY MANY DIFFERENT PERMUTATIONS" FOR ITS BUSINESSES - CONF CALL‍​.  Full Article

GE- Review For GE Capital’S Run-Off Insurance Portfolio, Nalh, Will Result In An After-Tax GAAP Charge Of $6.2 Bln For Q4 2017
8:12am EST 

Jan 16 (Reuters) - General Electric Co ::GE- REVIEW FOR GE CAPITAL’S RUN-OFF INSURANCE PORTFOLIO, NALH, WILL RESULT IN AN AFTER-TAX GAAP CHARGE OF $6.2 BILLION FOR Q4 2017.GENERAL ELECTRIC CO - INSURANCE REVIEW TO HAVE NO IMPACT TO INDUSTRIAL BUSINESS AND 2018 CAPITAL ALLOCATION PLAN‍​.GE- GE CAPITAL EXPECTS TO MAKE STATUTORY RESERVE CONTRIBUTIONS OF ABOUT $15 BILLION OVER SEVEN YEARS.GENERAL ELECTRIC CO - GE CAPITAL TO FUND CONTRIBUTIONS AND SUSPEND DIVIDEND TO GE FOR "FORSEEABLE FUTURE".GE- NALH’S PRIMARY REGULATOR APPROVED A PHASED CONTRIBUTION OF ABOUT $3 BILLION IN 1Q’18 AND ABOUT $2 BILLION ANNUALLY FROM 2019 THROUGH 2024.GE - ONGOING ACTIONS OVER NEXT TWO YEARS "TO MAKE GE CAPITAL SMALLER, MORE FOCUSED AND RESTORE ITS CAPITAL RATIOS TO APPROPRIATE LEVELS".GE - GOODWILL AND OTHER NON-CASH IMPAIRMENTS OF $1.8 BILLION AFTER-TAX RELATED TO GE CAPITAL ACTIONS‍​.GE - EXPECTS $9.5 BILLION PRE-TAX, $6.2 BILLION AFTER-TAX GAAP CHARGE IN Q4; $7.5 BILLION AFTER-TAX IMPACT AT 21% TAX RATE (POST U.S. TAX REFORM).GE CEO SAYS "CHARGE OF THIS MAGNITUDE FROM A LEGACY INSURANCE PORTFOLIO IN RUN-OFF FOR MORE THAN A DECADE IS DEEPLY DISAPPOINTING".  Full Article

Last day of trading in Arcam will be Jan. 26 following GE deal
Thursday, 11 Jan 2018 11:40am EST 

Jan 11 (Reuters) - Arcam Ab (Publ) ::THE BOARD OF ARCAM APPLIES FOR DE-LISTING AND GE INITIATES COMPULSORY REDEMPTION.ARCAM SAYS ‍LAST DAY OF TRADING IN ARCAM SHARE WILL BE FRIDAY, JANUARY 26​.  Full Article

GE - Harbin Electric Corp Awarded GE Power Order For 2 9F.05 Gas Turbines For State Power Investment Corporation's Langfang Power Plant
Monday, 8 Jan 2018 08:29am EST 

Jan 8 (Reuters) - General Electric Co ::GE - HARBIN ELECTRIC CORPORATION AWARDED GE POWER ORDER FOR 2 9F.05 GAS TURBINES FOR STATE POWER INVESTMENT CORPORATION’S LANGFANG POWER PLANT.  Full Article

Arcam Says GE To Hold Around 95 Pct Of Shares After Acquisitions
Wednesday, 27 Dec 2017 06:00am EST 

Dec 27 (Reuters) - Arcam ::GE <<>> INCREASES ITS SHAREHOLDING IN ARCAM TO MORE THAN 90 PER CENT​.SAYS ‍UPON COMPLETION OF ACQUISITIONS ON 29 DECEMBER 2017, GE WILL HOLD APPROXIMATELY 95 PER CENT OF SHARES IN ARCAM.For story after GE announced the deal earlier on Wednesday, click on nL4N1OR2MY​.  Full Article

Ge To Increase Its Ownership Of Arcam To More Than 90 Percent
Wednesday, 27 Dec 2017 04:25am EST 

General Electric Co ::GE TO INCREASE ITS OWNERSHIP OF ARCAM TO MORE THAN 90 PERCENT.GENERAL ELECTRIC CO SAYS UNIT IS INCREASING ITS OWNERSHIP IN ARCAM AKTIEBOLAG TO MORE THAN 90 PERCENT.GENERAL ELECTRIC- PLANS TO BEGIN PROCESS UNDER SWEDISH COMPANIES ACT TO ACQUIRE ALL REMAINING OUTSTANDING SHARES OF ARCAM IN A COMPULSORY BUY-OUT PROCEDURE​.GENERAL ELECTRIC CO SAYS WILL PURCHASE THEIR OUTSTANDING ARCAM SHARES AT SEK 345 PER SHARE.GENERAL ELECTRIC CO SAYS INTENDS TO REQUEST THAT ARCAM INITIATE ACTIONS TO DELIST ARCAM'S SHARES ON NASDAQ STOCKHOLM EXCHANGE.  Full Article

Wolong Electric Group To Acquire GE's Assets Related To Its Small Industrial Business
Monday, 25 Dec 2017 07:04am EST 

Dec 25 (Reuters) - Wolong Electric Group Co Ltd <600580.SS>::SAYS IT PLANS TO ACQUIRE GE'S ASSETS RELATED TO ITS SMALL INDUSTRIAL BUSINESS FOR $142 MILLION.SAYS ITS SHARES TO RESUME TRADE ON DEC 26.  Full Article

CN To Purchase 200 New Locomotives From GE Transportation Over The Next Three Years
Friday, 22 Dec 2017 09:15am EST 

Dec 22 (Reuters) - General Electric Co ::CN TO PURCHASE 200 NEW LOCOMOTIVES FROM GE TRANSPORTATION OVER THE NEXT THREE YEARS.CANADIAN NATIONAL RAILWAY SAYS LOCOMOTIVES WILL BE PRODUCED AT GE MANUFACTURING SOLUTIONS FACILITY IN FORT WORTH, TEXAS, BEGINNING IN 2018.CANADIAN NATIONAL RAILWAY CO - ‍FIRST UNITS ARE EXPECTED TO BE DELIVERED IN 2018 WITH BALANCE DELIVERED IN 2019 AND 2020​.  Full Article

Baker Hughes, A GE Company Announces Pricing Of Maximum Tender Offers By unit
Monday, 18 Dec 2017 05:19pm EST 

Dec 18 (Reuters) - Baker Hughes A Ge Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES PRICING OF MAXIMUM TENDER OFFERS BY BAKER HUGHES, A GE COMPANY, LLC.BAKER HUGHES A GE CO - MAXIMUM TENDER OFFERS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON JAN 2, 2018.BAKER HUGHES A GE CO - PRICED TENDER OFFER BY UNIT TO PURCHASE UP TO $175 MILLION 8.550% DEBENTURES DUE 2024 & 6.875% NOTES DUE 2029.  Full Article

Siemens Says Job Cuts Not Affected by Tatarstan Contract
Monday, 18 Dec 2017 10:55am EST 

Dec 18 (Reuters) - Siemens ::SAYS TATARSTAN CONTRACT WON'T CHANGE PLANS TO CUT JOBS AT POWER BUSINESS.SAYS THERE WAS TOUGH COMPETITION FROM U.S. COMPETITOR FOR THE TATARSTAN CONTRACT.CEO SAYS WILL APPROACH LABOUR UNION AGAIN REGARDING RESTRUCTURING OF P&G BUSINESS, DOOR IS OPEN.  Full Article

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GE renews break-up talk as it discloses $11 billion fourth quarter hit

General Electric Co again raised the prospect of breaking up the conglomerate on Tuesday as it announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.