Exclusive: General Electric"s power unit faces threat in Saudi Arabia

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

General Electric Co expects its core power-plant business to lose significant cash this year and does not expect large improvement in that unit's cash flow margins for at least three years, the company's chief financial officer said on Wednesday......»»

General Electric is seeking sales for struggling power unit, but faces a dilemma with Iraq, according to a consultant’s report prepared for the company. The nation needs multimillion-dollar gas turbines—and poses corruption problems......»»

Saudi Arabia is a growing threat to grab oil-market share from Alaska......»»

General Electric Co said on Wednesday it had cut 700 jobs in its power division in the first quarter, and that it was on track to reduce capital expenditure by 25% this year......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

General Electric Co. is set to report its third-quarter earnings early Wednesday morning, with investors hoping to see more signs of progress in the company’s troubled power division. The last time GE (NYSE: GE) reported earnings, in July, CEO L.....»»

After an unusual number of explosions, several Brazilian power transmission companies have started removing a piece of equipment made by General Electric Co , a blow for GE's Brazil unit as it battles competing suppliers from China and India......»»

Larry Culp, General Electric Co.’s chief executive, plans to set his sights on the company’s problematic financial-services business after he cuts overall debt and stabilizes its power-generation division, he told investors Wednesday......»»

General Electric Co tamped down enthusiasm about a quick recovery in its power-plant unit on Wednesday, and an analyst said the company was not "telling the whole story" about purported market-share gains at its ailing power unit......»»

General Electric Co expects its core power-plant business to lose significant cash this year and does not expect large improvement in that unit's cash flow margins for at least three years, the company's chief financial officer said on Wednesday......»»

As Cree works to close a deal to sell off its lighting business, it faces a new obstacle: General Electric......»»

Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to reboot the ailing power-plant unit......»»

Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to reboot the ailing power-plant unit......»»

(Reuters) - General Electric Co is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp , a U.S. maker of equipment for the rail industry, two people familiar with the matter said on Sunday......»»

ReutersExclusive: GE nears deal to merge transportation unit with Wabtec - sourcesReuters(Reuters) - General Electric Co (GE.N) is nearing a deal to merge its trans.....»»

General Electric CEO John Flannery warned investors Wednesday that the company’s big power business faces years of pressure and reminded them that major changes at the conglomerate will take some time......»»

NEW YORK (Reuters) - Vistra Energy Corp and Dominion Energy Inc – which serve about 5.5 million electricity customers in more than a dozen U.S. states – both say they are done building combined-cycle natural gas-fired power plants......»»

Vistra Energy and Dominion Energy, which serve about 5.5 million electricity customers in more than a dozen U.S. states, both say they are done building combined-cycle natural gas-fired power plants......»»

Vistra Energy and Dominion Energy, which serve about 5.5 million electricity customers in more than a dozen U.S. states, both say they are done building combined-cycle natural gas-fired power plants......»»