general electric

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

Building Owners and Managers Trust MaintenX for Roofing Needs

  TAMPA, FLA./ FEBRUARY 22, 2019 (STL.News) MaintenX International, one of the nation’s largest providers of preventative and reactive facility maintenance services, is expanding their roofing capabilities across Florida. As part of the expansion and to better network with all property managers throughout Florida, MaintenX has joined Building Owner and Managers Association (BOMA) International Chapters … Continue reading Building Owners and Managers Trust MaintenX for Roofing Needs

PARIS | French leader promotes foreign investment at Versailles

PARIS —Jan 21, 2019— French President Emmanuel Macron hosted 150 international business leaders at the Palace of Versailles on Monday in hopes of producing support for his agenda as yellow vest protesters keep up their demonstrations to his government’s economic policies. The CEOs or top executives of Microsoft, Uber, General Electric, Procter & Gamble, Coca-Cola … Continue reading PARIS | French leader promotes foreign investment at Versailles

NEW YORK | Stocks edge higher as industrials climb; Macy’s nosedives

NEW YORK — Jan 10, 2019— Stocks are slightly higher in back-and-forth trading on Wall Street Thursday as major indexes look to secure their fifth gain in a row. Industrial companies including Boeing and General Electric are leading the way. U.S. and Chinese officials wrapped trade talks in Beijing without a significant breakthrough. Retailers sank … Continue reading NEW YORK | Stocks edge higher as industrials climb; Macy’s nosedives

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 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

NEW YORK | Business writer William D. Cohan writing book on GE decline

NEW YORK  — Business writer and best-selling author William D. Cohan is working on a book on the rise and fall of General Electric. Portfolio announced Tuesday that Cohan planned a “sweeping narrative” about a company he describes as once being “Apple, Amazon and Google” at the same time. GE has struggled badly over the … Continue reading NEW YORK | Business writer William D. Cohan writing book on GE decline

BAGHDAD | Siemens, GE vie for Iraq electricity contracts

BAGHDAD — Multinational giants Siemens and General Electric say they have signed memorandums of understanding with Iraq to rebuild the country’s electricity infrastructure. The two companies, vying for contracts potentially worth billions of dollars, both released statements Sunday saying they have signed memorandums with outgoing Electricity Minister Qasim al-Fahdawi. It will be up to a … Continue reading BAGHDAD | Siemens, GE vie for Iraq electricity contracts

DUBAI, United Arab Emirates | GE firm buys 5-percent stake in Abu Dhabi’s state driller

DUBAI, United Arab Emirates— A subsidiary of General Electric Co. has agreed to purchase a 5-percent stake in the drilling arm of Abu Dhabi’s state oil company for $550 million. The deal announced on Monday with Baker Hughes values the drilling subsidiary of Abu Dhabi National Oil Co. at around $11 billion. ADNOC says that … Continue reading DUBAI, United Arab Emirates | GE firm buys 5-percent stake in Abu Dhabi’s state driller

NEW YORK | Stocks jump on Wall Street after US, Canada seal trade deal

NEW YORK — U.S. manufacturers, basic materials makers and car companies are rising Monday after the U.S. and Canada agreed to a new trade deal that also includes Mexico. General Electric is surging after it replaced CEO John Flannery, who held that title for a little more than a year. Tesla is jumping after company … Continue reading NEW YORK | Stocks jump on Wall Street after US, Canada seal trade deal

BOSTON | GE, seeking path through its 3rd century, ousts CEO

BOSTON— After less than two years and declines on several fronts at General Electric, John Flannery has been ousted as the leader of the century-old company. Flannery took over for longtime CEO and Chairman Jeff Immelt in August 2017 with the company trying to re-establish its industrial roots, albeit a high-tech version of itself. However, … Continue reading BOSTON | GE, seeking path through its 3rd century, ousts CEO

BOSTON | Flannery ousted at GE after less than 2 years

BOSTON — After less than two years and a precipitous decline in the share price at General Electric, John Flannery has ousted as chairman and CEO of the century-old company. Flannery took over for longtime CEO Jeff Immelt in June 2017 with the company trying to re-establish its industrial roots, albeit a high-tech version of … Continue reading BOSTON | Flannery ousted at GE after less than 2 years

NEW YORK | Another wave of sales; GE emerges a company vastly changed

NEW YORK (AP) — General Electric shed more of its major assets, announcing plans to cast away its health care business and sell its interests in the oil-services company, Baker Hughes. The company’s latest round of winnowing arrived Tuesday, the first time since 1907 that General Electric Co. will not be a member of the … Continue reading NEW YORK | Another wave of sales; GE emerges a company vastly changed

NEW YORK | General Electric cuts $11B deal with Wabtec

NEW YORK — General Electric’s train engine division will tie up with railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert Neupaver, will be executive chairman. Under the … Continue reading NEW YORK | General Electric cuts $11B deal with Wabtec

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