Recent News: GE Healthcare, Plant Closing, GE Oil & Gas, GE Money in India, Tenaris, and GE Energy

GE Healthcare to provide imaging equipment for hospitals in MEA
Dubai: GE Healthcare, the $17 billion healthcare and life sciences solutions business of General Electric, on Monday signed a memorandum of understanding (MoU) with Saudi German Hospitals Group (SGH), to provide diagnostic imaging equipment for non-profit hospitals in the Middle East and Africa (MEA)....

GE Niles Closing Early
Company officials have told us that about fifty people will lose their jobs on February 22nd because of too much inventory...

GE Business Plans Tenaris Purchase
GE Oil & Gas, a GE business, has entered into an agreement to acquire the Hydril pressure control business from Tenaris (NYSE: TS). The closing of the transaction, which is subject to conditions including the receipt of governmental and regulatory approvals, is expected in the upcoming months....

GE Money may sell its India business
General Electric has put its Indian unit of consumer finance company GE Money on the block. Investment bank Morgan Stanley has been given the mandate to find a strategic partner, sources familiar with the transaction told ET. A senior industry source said finance companies, both Indian and foreign, have already been approached by Morgan Stanley. Prominent among them are ADAG group company Reliance Capital and domestic financial major Indiabulls, senior industry officials said...

3rd UPDATE: GE Buys Part Of Tenaris' Hydril For $1.115 Billion
Steel-tube maker Tenaris SA (TS) agreed Monday to sell its Hydril pressure-control business to General Electric Co. (GE) for $ 1.115 billion on a debt-free basis...

Coca-Cola Hellenic contracts with GE Energy
GE Energy has landed a contract to provide 19 Jenbacher gas engine cogeneration units to ContourGlobal, which will then install the systems at Coca-Cola Hellenic Bottling Co. sites across Europe....

GE will close Niles plant earlier than first announced
General Electric is shutting down its Niles Glass Plant about eight months earlier than had been announced...