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General Electric Co (GE)

GE on New York Consolidated

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8 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Baker Hughes, A GE Company Announces Pricing Of Tender Offers By Baker Hughes, A GE Company, LLC
Friday, 8 Dec 2017 03:15pm EST 

Dec 8 (Reuters) - Baker Hughes A Ge Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES PRICING OF ANY AND ALL TENDER OFFERS BY BAKER HUGHES, A GE COMPANY, LLC.BAKER HUGHES A GE CO - UNIT PRICING TENDER OFFERS OF 6.000% SENIOR NOTES DUE 2018 AND 7.500% SENIOR NOTES DUE 2018.BAKER HUGHES A GE CO - ANY AND ALL TENDER OFFERS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, DECEMBER 8, 2017, UNLESS EXTENDED.  Full Article

GE Power's Planned 12,000 Headcount Reduction To Affect Employees Primarily Outside The U.S.
Thursday, 7 Dec 2017 07:00am EST 

Dec 7 (Reuters) - General Electric Co ::GE SAYS GE POWER'S PLANNED 12,000 HEADCOUNT REDUCTION TO AFFECT EMPLOYEES PRIMARILY OUTSIDE THE U.S..GE SAYS ALONG WITH PROPOSED LAY-OFFS, GE POWER IS ALSO REDUCING RESEARCH AND DEVELOPMENT INVESTMENT, PLANNED CAPEX, OTHER CONTROLLABLE COSTS.  Full Article

GE Plans 12,000 Job Cuts As New CEO Revamps Power Unit - Bloomberg
Thursday, 7 Dec 2017 06:52am EST 

Dec 7 (Reuters) - General Electric Co ::GE PLANS 12,000 JOB CUTS AS NEW CEO REVAMPS POWER UNIT - BLOOMBERG.GE JOB CUTS ACCOUNT FOR 18 PERCENT OF GE POWER’S WORKFORCE, WILL MOSTLY AFFECT PROFESSIONAL, PRODUCTION WORKERS OUTSIDE U.S - BLOOMBERG.  Full Article

GE Power Announces Global Headcount Reduction Of 12,000 Jobs
Thursday, 7 Dec 2017 06:32am EST 

Dec 7 (Reuters) - General Electric Co ::GE POWER ANNOUNCES GLOBAL HEADCOUNT REDUCTION OF 12,000 JOBS.GE POWER - PLANS TO REDUCE GLOBAL HEADCOUNT BY ABOUT 12,000 POSITIONS, AFFECTING BOTH PROFESSIONAL AND PRODUCTION EMPLOYEES.GE POWER - HEADCOUNT REDUCTIONS, ACTIONS TAKEN IN 2017, TO POSITION CO TO REACH TARGET OF $1 BILLION IN STRUCTURAL COST REDUCTIONS IN 2018.GE POWER - "TRADITIONAL POWER MARKETS INCLUDING GAS AND COAL HAVE SOFTENED".GE POWER - PLANS ANNOUNCED ON THURSDAY DRIVEN BY CHALLENGES IN POWER MARKET WORLDWIDE; CO EXPECTS MARKET CHALLENGES TO CONTINUE.  Full Article

Baker Hughes, A GE Company Announces Pricing Of Offering Of $3.95 Billion Of Senior Notes
Wednesday, 6 Dec 2017 06:28pm EST 

Dec 6 (Reuters) - Baker Hughes A Ge Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES PRICING OF OFFERING OF $3,950,000,000 OF SENIOR NOTES BY BAKER HUGHES, A GE COMPANY, LLC.BAKER HUGHES A GE CO - BAKER HUGHES, A GE COMPANY, LLC PRICED OFFERING CONSISTING OF $1.25 BILLION ITS 2.773% SENIOR NOTES DUE 2022.BAKER HUGHES A GE CO - UNIT PRICED AN OFFERING ALSO CONSISTING OF $1.35 BILLION OF ITS 3.337% SENIOR NOTES DUE 2027.BAKER HUGHES A GE CO - BAKER HUGHES, A GE COMPANY, LLC PRICED AN OFFERING ALSO CONSISTING OF $1.35 BILLION OF ITS 4.080% SENIOR NOTES DUE 2047.  Full Article

Check-Cap Announces Advancement In GE Healthcare Manufacturing Collaboration
Tuesday, 5 Dec 2017 09:15am EST 

Dec 5 (Reuters) - Check Cap Ltd ::CHECK-CAP ANNOUNCES ADVANCEMENT IN GE HEALTHCARE MANUFACTURING COLLABORATION.CHECK CAP LTD - PLANNING AND OTHER ACTIVITIES ARE ALSO UNDERWAY FOR EUROPEAN POST APPROVAL STUDY, WHICH IS EXPECTED IN 1H2018.CHECK CAP - COLLABORATION INVOLVES GE FINAL ASSEMBLY, PACKAGING, SHIPPING OF C-SCAN CAPSULES INITIALLY FOR CO'S U.S. PILOT TRIAL EXPECTED IN H1 2018.  Full Article

Bureau Veritas: Strategic Alliance With Avitas Systems
Tuesday, 5 Dec 2017 01:30am EST 

Dec 5 (Reuters) - BUREAU VERITAS ::REG-BUREAU VERITAS: STRATEGIC ALLIANCE WITH AVITAS SYSTEMS, TO CREATE THE NEXT GENERATION OF INSPECTION SERVICES DRIVEN BY ADVANCED ANALYTICS..‍PARTNERSHIP WILL PROVIDE ENHANCED END-TO-END INSPECTION SERVICES TO CUSTOMERS AT A GLOBAL SCALE​.‍JOINT OFFERING WILL INITIALLY FOCUS ON ELECTRIC POWER AND UTILITY ASSETS, NOTABLY RENEWABLE ENERGY.‍JOINT OFFERING WILL PROGRESSIVELY EXPAND TO OTHER INDUSTRIAL ASSETS​.  Full Article

S&P Lowers GE Rating To 'A' From 'AA-', Outlook Stable
Monday, 4 Dec 2017 01:03pm EST 

Dec 4 (Reuters) - S&P::S&P SAYS GENERAL ELECTRIC CO. RATING LOWERED TO 'A' FROM 'AA-' ON HIGHER LEVERAGE, LOWER CASH FLOW; OUTLOOK STABLE.  Full Article

Baker Hughes Announces Tender Offers For Certain Outstanding Debt Securities
Monday, 4 Dec 2017 08:37am EST 

Dec 4 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES TENDER OFFERS FOR CERTAIN OUTSTANDING DEBT SECURITIES.BAKER HUGHES A GE CO - ‍ANY AND ALL TENDER OFFERS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON DECEMBER 8, 2017​.BAKER HUGHES A GE CO - COMMENCES TENDER OFFERS BY CO'S SUBSIDIARY, BAKER HUGHES A GE COMPANY LLC, FOR DEBT SECURITIES OF BHGE LLC OR ITS SUBSIDIARIES.BAKER HUGHES A GE CO - TENDER OFFERS CONSIST OF OFFERS TO PURCHASE FOR CASH ANY AND ALL OF OUTSTANDING 7.500% SENIOR NOTES DUE 2018.BAKER HUGHES A GE CO - TENDER OFFERS ALSO CONSIST OF OFFERS TO PURCHASE FOR CASH ANY AND ALL OF OUTSTANDING 6.000% SENIOR NOTES DUE 2018.  Full Article

Valueact Capital Management LP Reports 4.5 Pct Stake In Baker Hughes A GE Co As Of Nov 29
Friday, 1 Dec 2017 05:40pm EST 

Dec 1 (Reuters) - Baker Hughes A GE Co ::VALUEACT CAPITAL MANAGEMENT LP REPORTS 4.5 PERCENT STAKE IN BAKER HUGHES A GE CO AS OF NOVEMBER 29 VERSUS A STAKE OF 7.3 P‍​CT AS OF JULY 28 - SEC FILING.  Full Article

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General Electric to cut 12,000 jobs in power business revamp

ZURICH/LAS VEGAS General Electric Co said Thursday it is axing 12,000 jobs at its global power business, the struggling industrial conglomerate's latest effort to shrink itself into a more focused company. | Video