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General Electric Co (GE.N)

GE.N on New York Stock Exchange

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22 Jun 2018
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Latest Key Developments (Source: Significant Developments)

GE To Support Royal Navy Type 45 Fleet Update
Monday, 11 Jun 2018 09:18am EDT 

June 11 (Reuters) - General Electric Co ::GE TO SUPPORT ROYAL NAVY TYPE 45 FLEET UPDATE TO ENHANCE ITS POWER RESILIENCE.GE’S MARINE SOLUTIONS - GE’S SERVICE CONTRACT IS PART OF THE UK MINISTRY OF DEFENCE’S POWER IMPROVEMENT PROJECT.  Full Article

GE Healthcare Flexfactory Helps XPH Scale Up Industrialization Of TCR T-Cell Immunotherapy Drugs
Thursday, 7 Jun 2018 08:50am EDT 

June 7 (Reuters) - Xiangxue Pharmaceutical Co Ltd <300147.SZ>::GE HEALTHCARE FLEXFACTORY HELPS XPH SCALE UP INDUSTRIALIZATION OF TCR T-CELL IMMUNOTHERAPY DRUGS.GE HEALTHCARE - WILL ALSO PROVIDE XPH WITH TRAINING SERVICES, PROCESS DEVELOPMENT, FLEXIBLE CELL PROCESSING EQUIPMENT, DIGITAL CONNECTIVITY SOLUTIONS.GE HEALTHCARE - FLEXFACTORY PLATFORM IS EXPECTED TO BE OPERATIONAL IN MARCH 2019.  Full Article

U.S. CPSC Says GE Lighting Recalls Led Tube Lamps Due To Shock, Electrocution Hazards
Wednesday, 6 Jun 2018 12:46pm EDT 

June 6 (Reuters) - U.S. Consumer Product Safety Commission::GE LIGHTING RECALLS LED TUBE LAMPS DUE TO SHOCK AND ELECTROCUTION HAZARDS.U.S. CPSC SAYS GE LIGHTING RECALLS ABOUT 46,000 PACKAGES OF TWO TUBE LAMPS (92,000 INDIVIDUAL LAMPS); NO INJURIES WERE REPORTED RELATED TO RECALL.  Full Article

Engie To Help Develop Nine Subsidy-Free Farms in Spain
Wednesday, 23 May 2018 11:45am EDT 

May 23 (Reuters) - Engie Sa ::SAYS SIGNED WITH FORESTALIA, GENERAL ELECTRIC AND MIROVA AN INNOVATIVE AGREEMENT TO DEVELOP NINE SUBSIDY-FREE WIND FARMS WITH A TOTAL CAPACITY OF 300 MW AWARDED AT SPANISH RENEWABLE GENERATION AUCTION IN 2016.SAYS SHAREHOLDERS OF THE PROJECT ARE MIROVA (51%), GENERAL ELECTRIC (25%), ENGIE (15%) AND FORESTALIA (9%), THE TOTAL INVESTMENT OF THE PROJECT WILL REACH 300 MILLION EUR.  Full Article

GE Power Says Installed Advanced Gas Path Gas Turbine Upgrade Solution At Najibiya Power Plant‍​
Tuesday, 3 Apr 2018 07:44am EDT 

April 3 (Reuters) - General Electric Co ::GE POWER SAYS INSTALLED ADVANCED GAS PATH GAS TURBINE UPGRADE SOLUTION AT IRAQI MINISTRY OF ELECTRICITY’S NAJIBIYA POWER PLANT‍​.  Full Article

Baker Hughes A GE Co Says Integration Synergies On Track, With $119 Mln In H2 2017, $700 Mln In 2018
Monday, 26 Mar 2018 05:50pm EDT 

March 26 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES A GE CO SAYS INTEGRATION SYNERGIES ON TRACK, WITH $119 MILLION IN H2 2017, $700 MILLION IN 2018- SEC FILING‍​.BAKER HUGHES A GE CO - LOOKING AT OIL MARKET, WE SEE GLOBAL DEMAND RISING AT A STEADY PACE‍​‍​.BAKER HUGHES A GE CO - ON GLOBAL GAS TRADE, WE EXPECT LNG DEMAND TO MORE THAN DOUBLE TO 500 MTPA BY 2040, GROWING AT 4-5% PER YEAR.BAKER HUGHES A GE CO CEO SAYS MACRO BACKDROP IS "MORE POSITIVE THAN WHAT WE HAVE SEEN IN SEVERAL YEARS".BAKER HUGHES A GE CO - LOOKING AT THE GAS MARKET, CO SEES SHARE OF ENERGY CONSUMPTION SHIFTING MORE TO GAS OVER NEXT DECADES.BAKER HUGHES A GE CO CEO SAYS SEES CRUDE PRICES RELATIVELY RANGEBOUND IN 2018.BAKER HUGHES A GE CO-EXECUTING PRIORITIES WITH CURRENT EXPECTED MARKET DYNAMICS TO HELP BUSINESS RETURN TO NORMALIZED MARGINS IN MID-TEENS BY LATE 2019.BAKER HUGHES A GE CO - MARKET FORECASTS POINT TO A SUPPLY - DEMAND REBALANCE IN THE 2022 TO 2023 TIMEFRAME.BAKER HUGHES A GE CO CEO SAYS NOW EXPECT MARGINS IN TPS TO BE SLIGHTLY LOWER THAN INITIALLY ANTICIPATED IN Q1.BAKER HUGHES A GE CO - PROJECT CYCLE TIMES IMPLY NEW FIDS WILL BE REQUIRED IN 2018 AND 2019 TO MEET GROWING DEMAND.BAKER HUGHES A GE CO - HAVE $14 BILLION OF SERVICES BACKLOG IN THE TPS SEGMENT.BAKER HUGHES A GE CO- WHILE TIMING MORE DIFFICULT TO PREDICT,RETURN OF MORE NORMALIZED REVENUE LEVELS FOR TRANSACTIONAL SERVICES TO BE ACCRETIVE TO MARGINS.  Full Article

Eurotunnel And GE Partner To Increase Traffic In Channel Tunnel
Thursday, 22 Mar 2018 03:45am EDT 

March 22 (Reuters) - GENERAL ELECTRIC CO ::EUROTUNNEL AND GE PARTNER TO INCREASE TRAFFIC IN CHANNEL TUNNEL.GE TO SUPPLY WORLD'S LARGEST STATCOM LOAD BALANCER CONNECTED TO A CATENARY TRACTION SYSTEM.SOLUTION WILL ENABLE ALMOST DOUBLE TRAFFIC IN CHANNEL TUNNEL.PROJECT IS EXPECTED TO BE COMPLETE BY END OF 2019.  Full Article

GE Aviation Begins Flight Testing Of GE9X Engine For Boeing 777X After Delay - Document
Wednesday, 14 Mar 2018 02:47pm EDT 

March 14 (Reuters) - :GE AVIATION BEGINS FLIGHT TESTING OF GE9X ENGINE FOR BOEING 777X AFTER DELAY - DOCUMENT.  Full Article

GE Aviation Sees FY'18 Sales Growth Of About 7 Pct To 10 Pct
Wednesday, 14 Mar 2018 08:51am EDT 

March 14 (Reuters) - General Electric Co ::GE AVIATION - SEES 2018 SALES GROWTH OF ABOUT 7 PERCENT TO 10 PERCENT.  Full Article

General Electric Co Says Former Chairman And CEO Jeff Immelt's SEC Total Compensation Was $8.1 Million
Monday, 12 Mar 2018 04:54pm EDT 

March 12 (Reuters) - General Electric Co ::GENERAL ELECTRIC CO SAYS FORMER CHAIRMAN AND CEO JEFF IMMELT'S SEC TOTAL COMPENSATION WAS $8.1 MILLION - SEC FILING.GE SAYS CHAIRMAN & CEO JOHN FLANNERY'S SEC TOTAL COMPENSATION FOR 2017 WAS $9 MILLION - SEC FILING.GENERAL ELECTRIC SAYS CFO, JAMIE MILLER'S FY 2017 SEC TOTAL COMPENSATION‍​ WAS $5.1 MILLION - SEC FILING.GENERAL ELECTRIC CO - FORMER VICE CHAIR & CFO JEFF BORNSTEIN‍​'S FY 2017 SEC TOTAL COMPENSATION WAS $14.6 MILLION.  Full Article

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U.S. passengers file suit against Southwest over fatal engine explosion

NEW YORK Eight passengers have sued Southwest Airlines Co over a catastrophic engine blowout in April that killed a passenger and injured several others.