General Electric"s GE Aviation Unit to Divest MRA Systems

(Reuters) - General Electric Co on Tuesday said it plans to spin off its healthcare business and separate its oil services company Baker Hughes, as it looks to streamline operations and focus on aviation, power and renewable energy units......»»

General Electric Co on Tuesday said it plans to spin off its healthcare business and separate its oil services company Baker Hughes, as it looks to streamline operations and focus on aviation, power and renewable energy units......»»

General Electric’s revenue fell 12% to $17.1 billion, reflecting a 28% decline in its aviation unit and a 9% drop in its healthcare unit after selling off part of the business......»»

Shares of General Electric Co. fell Mon.....»»

General Electric Co's aviation unit will cut its U.S. workforce by about 10%, Chief Executive Officer Larry Culp said in a letter to staff on Monday, as a shattered airline industry sought state support to survive the coronavirus crisis......»»

General Electric Co. said its GE Aviation unit is planning to cut 10% of its U.S. workforce, as the COVID-19 pandemic has led to a "rapid contraction" of air travel. GE's stock fell 0.7% in morning trading. GE Aviation said the te.....»»

General Electric Co 's aviation unit plans to cut its total U.S. workforce by about 10%, Chief Executive Officer Larry Culp said on Monday, as airlines delay purchases amid the coronavirus pandemic......»»

Shares of General Electric Co. surged Thursday, to achieve a technical breakout that would confirm a bullish technical tone, after the industrial conglomerate said its aviation unit announced record orders at the Paris Air Show this week......»»

Shares of General Electric Co. surged Thursday, putting them on track for a technical breakout that confirms a bullish technical setup, after the industrial conglomerate said its aviation unit announced record orders at the Paris Air Show this week......»»

Amazon.com, Inc. (NASDAQ: AMZN) announced on June 18 that it will lease 15 Boeing (NYSE: BA) 737-800 freighters from GE Capital Aviation Services (GECAS), the aircraft lending unit of General Electric Co. ( read more.....»»

(Reuters) - General Electric Co plans to spin off its healthcare business and unload ownership in its oil services company Baker Hughes, the Wall Street Journal reported on Tuesday, citing people familiar with the matter......»»

General Electric Co said Tuesday it will spin off its healthcare business and divest its stake in oil services company Baker Hughes, leaving the once-sprawling conglomerate focused on jet engines, power plants and renewable energy......»»

General Electric will spin off its healthcare business and divest its stake in oil-services company Baker Hughes to focus on jet engines, power plants, and renewable energy. Fred Katayama reports......»»

GE Medical Systems Information Technologies Inc, a unit of General Electric Co, has been awarded a $450 million U.S. defense contract for patient monitoring systems, accessories and training, the Pentagon said on Friday......»»

Zacks.....»»

General Electric Company (NYSE: GE) move to divest more GE Capital Assets with the sale of supply chain finance unit Trade Payable Services is a solid step, according to Bank of America Merrill Lynch.  .....»»

General Electric Co expects industrial revenue to rise by low to mid-single-digit percent this year, as gains at renewable energy, aviation and healthcare offset a decline in the power unit, Chief Executive Officer Larry Culp said on Thursday......»»

General Electric Aviation, a unit of General Electric Co, has been awarded a $517 million U.S. Army contract for the engineering and manufacturing development phase of the Improved Turbine Engine Program, the Pentagon said on Friday......»»

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.....»»

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.....»»