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General Electric"s GE Aviation Unit to Divest MRA Systems

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Category: topSource: redinewsSep 14th, 2018

GE to divest healthcare unit, separate Baker Hughes

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......»»

Category: topSource: moneycentralJun 26th, 2018

GE to divest healthcare unit, separate Baker Hughes

(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......»»

Category: topSource: reutersJun 26th, 2018

GE wins $517 million U.S. defense contract: Pentagon

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......»»

Category: topSource: reutersFeb 1st, 2019

General Electric CEO sees 2019 industrial revenue rising, cash weak

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......»»

Category: topSource: reutersJan 31st, 2019

BofA Gives Seal Of Approval To GE Divestitures, Stays Neutral On Stock

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.  .....»»

Category: blogSource: benzingaJan 17th, 2019

General Electric"s GE Capital Unit to Divest TPS Platform

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Category: topSource: redinewsJan 17th, 2019

GE unit wins $450 million U.S. defense contract: Pentagon

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......»»

Category: topSource: reutersJan 11th, 2019

GE to spin off healthcare unit, divest Baker Hughes stake

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......»»

Category: videoSource: reutersJun 26th, 2018

GE to spin off healthcare unit, divest Baker Hughes stake

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......»»

Category: topSource: moneycentralJun 26th, 2018

GE to divest healthcare unit: WSJ

(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......»»

Category: topSource: reutersJun 26th, 2018

Honeywell’s Pension Bought Up GE Stock and Doubled Down on Netflix

The industrial conglomerate’s pension unit initiated a stake in General Electric in the fourth quarter. It also exited investments in Goldman Sachs and Intel......»»

Category: topSource: barronsFeb 13th, 2019

Honeywell"s Pension Bought Up GE Stock and Doubled Down on Netflix

The industrial conglomerate’s pension unit initiated a stake in General Electric in the fourth quarter. It also exited investments in Goldman Sachs and Intel......»»

Category: topSource: barronsFeb 12th, 2019

GE to complete spin off of transportation unit on February 25

General Electric Co said on Monday it expects to close the merger of its transportation business with Wabtec Corp on Feb. 25 and set a record date for distribution of shares......»»

Category: topSource: reutersFeb 4th, 2019

GE to spin off transportation unit on February 14

General Electric Co said on Monday it would spin off its transportation business on Feb. 14 and that it expects to distribute 8.7 billion shares of the unit to its shareholders......»»

Category: topSource: reutersFeb 4th, 2019

GE Cites Progress Toward Turnaround After Tough Year

General Electric said it was making progress in turning around the troubled conglomerate, after the company reported another quarter of weak profits in its core power business and legacy problems in its GE Capital unit......»»

Category: smallbizSource: wsjFeb 1st, 2019

GE Stock Surges 12% as the New CEO Offers Realistic Hope for a Long-Awaited Turnaround

GE's revenue beat analyst estimates, thanks to growth in its aviation and renewable-energy units. General Electric’s .....»»

Category: europeSource: fortuneJan 31st, 2019

GE to combine renewable, grid assets into single unit

General Electric Co on Wednesday said it would consolidate its renewable and grid assets into a single business......»»

Category: topSource: reutersJan 30th, 2019

GE Gets a Windfall of Cash From Wabtec in Rail Deal

General Electric and Wabtec have updated the terms of their deal to combine GE’s locomotives unit with the railroad-parts supplier. It looks like a win for both companies and for GE shareholders......»»

Category: topSource: barronsJan 26th, 2019

General Electric"s Gecas Unit May Not Be Ripe for a Sale

CEO Larry Culp is focused on shrinking the GE Capital division, but he might think twice about selling airline-leasing unit Gecas......»»

Category: topSource: barronsJan 22nd, 2019

GM"s EV strategy last chance for Cadillac"s success: executive

General Motors Co's strategy to make its luxury Cadillac marque its lead electric vehicle brand is the automaker's final opportunity to turn the unit around and make it a success, a top executive said on Monday......»»

Category: topSource: moneycentralJan 14th, 2019