GE

Business News: GE announces 2019 outlook

BOSTON, MA (STL.News) – GE (NYSE: GE) announced its 2019 outlook today as the company continues to execute against its strategic priorities of improving its financial position and strengthening its businesses. GE Chairman and CEO H. Lawrence Culp, Jr. said, “GE’s challenges in 2019 are complex but clear.  We are facing them head on as … Continue reading Business News: GE announces 2019 outlook

Business News: GE Board of Directors Authorizes Regular Quarterly Dividend

BOSTON, MA – The Board of Directors of GE (NYSE: GE) today declared a $0.01 per share dividend on the outstanding common stock of the Company.  The dividend is payable January 25, 2019 to shareowners of record at the close of business on December 20, 2018.  The ex-dividend date is December 19, 2018. SOURCE: news … Continue reading Business News: GE Board of Directors Authorizes Regular Quarterly Dividend

Business News: GE Healthcare to open biotechnology manufacturing center in UK

Facility producing fiber-based chromatography platform for more efficient biopharmaceutical purification operational in 2019 Chalfont St Giles, UK. — November 27 2018 – GE Healthcare today announced the opening of a biotechnology manufacturing center at the Stevenage Bioscience Catalyst (SBC) Open Innovation Campus, in Stevenage, UK.  In the first half of 2019, the center will start … Continue reading Business News: GE Healthcare to open biotechnology manufacturing center in UK

Business News: GE Renewable Energy completes its 2018 hiring target of 100 new employees in Cherbourg

In June 2018, GE Renewable Energy announced its plan to recruit 100 employees for its LM Wind Power wind turbine blade manufacturing site in Cherbourg, France, and today the company announced the completion of this target. The site is ready for the expected start of production in January 2019, beginning with the blade prototyping phase. … Continue reading Business News: GE Renewable Energy completes its 2018 hiring target of 100 new employees in Cherbourg

Business News: GE Contracted to Build Latin America’s Largest e-House for Comperj Complex

RIO DE JANEIRO – GE Power (NYSE: GE) was recently chosen by Kerui Metodo Construção e Montagem S.A, led by China’s Shandong Kerui Petroleum and Brazil’s Metodo Potencial, to provide the e-house solution, which will be part of the construction of a natural gas processing unit in Itaboraí, Rio de Janeiro state. The unit, also … Continue reading Business News: GE Contracted to Build Latin America’s Largest e-House for Comperj Complex

Business News: GE Announces New Leadership in Power Reorganization

GE Gas Power: John Rice to return to GE as Chairman; Scott Strazik to serve as CEO GE Power Portfolio: Russell Stokes to serve as CEO BOSTON, MA – GE (NYSE: GE) recently announced its intention to reorganize GE Power into two businesses—GE Gas Power, comprised of Gas Power Systems and Power Services, and GE … Continue reading Business News: GE Announces New Leadership in Power Reorganization

GE Renewable Energy to develop with Mass Energy Group its 1st wind farm project in Jordan

GE Renewable Energy will provide its latest generation of 3.6-137 wind turbines for a total capacity of 100 MW, enough to power around 150,000 homes It marks the first GE wind farm project in Jordan and the first renewable energy project by Mass Energy Group Holding Project underlines the commitment of GE Renewable Energy to … Continue reading GE Renewable Energy to develop with Mass Energy Group its 1st wind farm project in Jordan

GE Announces 2018 Board of Directors Slate – Three New Directors

H. Lawrence Culp, Jr., former Chief Executive Officer and President of Danaher Corporation Thomas W. Horton, former Chairman and Chief Executive Officer of American Airlines Leslie F. Seidman, former Chairman of the Financial Accounting Standards Board (FASB) BOSTON, MA (STL.News) General Electric (GE: NYSE) today announced the Company’s slate of director candidates for the 2018 … Continue reading GE Announces 2018 Board of Directors Slate – Three New Directors

GE to take $6.2 billion charge tied to GE Capital

BOSTON/January 16, 2018 (AP)(STL.News) — General Electric is taking a $6.2 billion after-tax charge in the fourth quarter tied to its review and reserve testing of GE Capital’s runoff insurance portfolio. GE Capital will also suspend its dividend to GE for the foreseeable future. “At a time when we are moving forward as a company, a charge of … Continue reading GE to take $6.2 billion charge tied to GE Capital