Sponsor Spotlight: Coke, GE Respond to Olympic Protests
The activists of Dream for Darfur are putting rhetoric above action, writes Coke VP Tom Mattia in an editorial in Advertising Age magazine. The public affairs and communications executive says Coke had worked to address suffering in Darfur for nearly a year before Dream for Darfur's campaign began in June 2007. The company continues to support delivery of supplies and health care and efforts to end the fighting, Mattia writes. Coke has made investments "to address the conflict's water issues" to the tune of $5 million, he adds...
GE, US Olympic Committee Announce Research Programs On US Athletes
The U.S. Olympic Committee, or USOC, and General Electric Co. unveiled two research programs to demonstrate that health monitoring and early intervention leads to injury prevention, better health and performances by athletes. The partners also noted that the studies are continuations from research programs at the Torino 2006 Olympic Winter Games. ...
Monday, March 31, 2008
Friday, March 28, 2008
Recent News: GE Aviation Fin. Services - China, American Express, Ecomagination, and GE Money.
GE lease unit to buy 5 China-made regional jets
General Electric's aircraft leasing arm has signed a preliminary agreement to buy five of China's domestically developed ARJ21 regional jets, the first order for the aircraft from a major foreign customer....
American Express buys GE card unit; Utah workers can keep jobs
About 350 General Electric employees in Utah will soon work for American Express. American Express Co. said Thursday it agreed to buy General Electric Co.'s corporate charge-card unit, Corporate Payment Services, for $1.1 billion in cash in order to expand lending for business customers. The majority of Corporate Payment Services' 350 employees are based in Taylorsville, and they will have the opportunity to keep their jobs. The unit will continue to operate from its current location at 4246 S. Riverboat Drive....
GE's Ecomagination platform
At a time when most large corporations across the world are still paying mere lip service to sustainability, and climate change, there are thankfully some exceptions such as GE, DuPont, BP who have turned “green” issues from being peripheral, yet unavoidable corporate social responsibility obligations to a cornerstone of their future business plans. And the incredibly quick commercial success the $175-billion General Electric has tasted in its ambitious plans to turn every part of its gargantuan operations environmentally sustainable is proof that green begets greenbacks...
GE unit shops credit assets
General Electric Co. is shopping Canadian assets of GE Money, which includes its near-prime alternative mortgage lending business, as it restructures its global retail, banking and consumer financing business, according to sources...
General Electric's aircraft leasing arm has signed a preliminary agreement to buy five of China's domestically developed ARJ21 regional jets, the first order for the aircraft from a major foreign customer....
American Express buys GE card unit; Utah workers can keep jobs
About 350 General Electric employees in Utah will soon work for American Express. American Express Co. said Thursday it agreed to buy General Electric Co.'s corporate charge-card unit, Corporate Payment Services, for $1.1 billion in cash in order to expand lending for business customers. The majority of Corporate Payment Services' 350 employees are based in Taylorsville, and they will have the opportunity to keep their jobs. The unit will continue to operate from its current location at 4246 S. Riverboat Drive....
GE's Ecomagination platform
At a time when most large corporations across the world are still paying mere lip service to sustainability, and climate change, there are thankfully some exceptions such as GE, DuPont, BP who have turned “green” issues from being peripheral, yet unavoidable corporate social responsibility obligations to a cornerstone of their future business plans. And the incredibly quick commercial success the $175-billion General Electric has tasted in its ambitious plans to turn every part of its gargantuan operations environmentally sustainable is proof that green begets greenbacks...
GE unit shops credit assets
General Electric Co. is shopping Canadian assets of GE Money, which includes its near-prime alternative mortgage lending business, as it restructures its global retail, banking and consumer financing business, according to sources...
Recent News: GE to buy Boeing Aircraft, China, GE Healthcare, GE Real Estate, and Locomotives in Serbia
GE in talks for 40 to 50 Boeing planes: Bloomberg
General Electric Co, the world's No. 1 aircraft lessor, is in talks with Boeing Co to buy 40 to 50 of its 737 jetliners to meet demand from airlines upgrading their fleets, Bloomberg said on Monday, citing a person familiar with the negotiations....
GE Unit May Buy at Least 40 Boeing 737s, Person Says
General Electric Co., the world's biggest aircraft lessor, is in talks with Boeing Co. to buy 40 to 50 of its 737 jetliners to meet demand from airlines upgrading their fleets, a person familiar with the negotiations said...
Group says GE supplier in China subjects workers to toxins
A new report says a Chinese factory that makes light bulbs for General Electric Co. subjects many of its employees to 64-hour work weeks and toxic mercury used in the production process...
GE Real Estate Buys 206,000-SF Office Bldg. in Houston
GE Real Estate purchased Oak Park Office Center II, a 206,362-square-foot Class A office building in Houston, TX, from Realty Associates Oak Park II LP, a development venture between TA Associates Realty and Myers, Crow & Saviers Ltd. for an undisclosed amount. Harris County Appraisal District values the property at about $16 million, or about $77.50 per square foot...
GE Healthcare Completes Acquisition of VersaMed Corporation
GE Healthcare, a unit of General Electric Company, has completed the acquisition of VersaMed Corporation, a provider of portable critical care ventilators for respiratory care...
Serbia: GE might participate in modernisation of Serbian railways
Director of the Serbian railways Zeleznice Srbije Milanko Sarancic and head of General Electric (GE) in South East Europe Giuseppe Recchi talked today in Belgrade about the possibility of GE taking part in the electrification of the Nis-Dimitrovgrad line....
General Electric Co, the world's No. 1 aircraft lessor, is in talks with Boeing Co to buy 40 to 50 of its 737 jetliners to meet demand from airlines upgrading their fleets, Bloomberg said on Monday, citing a person familiar with the negotiations....
GE Unit May Buy at Least 40 Boeing 737s, Person Says
General Electric Co., the world's biggest aircraft lessor, is in talks with Boeing Co. to buy 40 to 50 of its 737 jetliners to meet demand from airlines upgrading their fleets, a person familiar with the negotiations said...
Group says GE supplier in China subjects workers to toxins
A new report says a Chinese factory that makes light bulbs for General Electric Co. subjects many of its employees to 64-hour work weeks and toxic mercury used in the production process...
GE Real Estate Buys 206,000-SF Office Bldg. in Houston
GE Real Estate purchased Oak Park Office Center II, a 206,362-square-foot Class A office building in Houston, TX, from Realty Associates Oak Park II LP, a development venture between TA Associates Realty and Myers, Crow & Saviers Ltd. for an undisclosed amount. Harris County Appraisal District values the property at about $16 million, or about $77.50 per square foot...
GE Healthcare Completes Acquisition of VersaMed Corporation
GE Healthcare, a unit of General Electric Company, has completed the acquisition of VersaMed Corporation, a provider of portable critical care ventilators for respiratory care...
Serbia: GE might participate in modernisation of Serbian railways
Director of the Serbian railways Zeleznice Srbije Milanko Sarancic and head of General Electric (GE) in South East Europe Giuseppe Recchi talked today in Belgrade about the possibility of GE taking part in the electrification of the Nis-Dimitrovgrad line....
Recent News: GE Real Estate, GE Aviation, GE in Japan, Global Growth, GE Energy in IL & TX, Carbon Emissions, and GE Water in Turkey
GE Invests $18M in Two Apartment Complexes
GE Real Estate of Norwalk, CT has made an equity investment of $17.8 million with partner BH Equities to acquire two adjacent Class A multifamily assets located in this newly developed community 12 miles north of North Dallas. The properties are Benton Pointe, a 456-unit, three-story garden apartment complex at 425 Benton Dr., and Lansbrook at Twin Creek, a 288-unit, two-story garden apartment complex at 505 Benton Dr....
GE Aviation, Rolls-Royce complete testing phase for F136 engine
The F136 engine being developed by GE Aviation and Rolls-Royce for the U.S. Joint Strike Fighter (F-35) program, has moved another step toward production, the companies said....
Japanese biomass fires up GE engines
Two General Electric Jenbacher gas engines fueled by gasified wood chips are operating at Japan’s largest wood gas-to-energy plant, producing 2 megawatts of electricity for local power 400 kilometers north of Tokyo...
GE looking overseas to find growth
Worried about the U.S. economy? Go global.That's the philosophy of the massive conglomerate, which is globalizing all of its businesses. Overseas sales accounted for more than half of GE's total revenue for the first time last year, and there is likely more growth ahead....
GE Finalizes its Exit from Japanese Consumer Finance
An auction for General Electric Co.’s consumer finance business in Japan is entering its final stage, signaling the latest stage of consolidation of the ailing industry....
GE invests in Texas, Illinois wind projects
GE Energy Financial Services, a unit of GE, is partnering for the third time with leading global wind power developer Invenergy Wind LLC, by investing in Illinois and Texas wind farms that will produce emissions-free electricity equivalent to taking 96,000 average US cars off the road. Together, the two projects will produce nearly 250 megawatts of power...
Ahead of the Pack
General Electric Co. Chairman and CEO Jeffrey R. Immelt has become one of the country's leading advocates of government-mandated caps on carbon emissions. Not because he's an environmentalist -- he says he isn't -- but because he feels government will impose those caps someday so business should get out in front on the issue...
GE has plans for desalination facilities in Turkey
Kürşat Özkan, General Electric’s regional executive for Turkey and southwest Asia, has said that his company has been working on a number of projects to desalinate sea water and to recycle used water, moves of critical importance as climatologists suggest Turkey will be countries facing serious water shortages in 20 to 25 years....
GE Real Estate of Norwalk, CT has made an equity investment of $17.8 million with partner BH Equities to acquire two adjacent Class A multifamily assets located in this newly developed community 12 miles north of North Dallas. The properties are Benton Pointe, a 456-unit, three-story garden apartment complex at 425 Benton Dr., and Lansbrook at Twin Creek, a 288-unit, two-story garden apartment complex at 505 Benton Dr....
GE Aviation, Rolls-Royce complete testing phase for F136 engine
The F136 engine being developed by GE Aviation and Rolls-Royce for the U.S. Joint Strike Fighter (F-35) program, has moved another step toward production, the companies said....
Japanese biomass fires up GE engines
Two General Electric Jenbacher gas engines fueled by gasified wood chips are operating at Japan’s largest wood gas-to-energy plant, producing 2 megawatts of electricity for local power 400 kilometers north of Tokyo...
GE looking overseas to find growth
Worried about the U.S. economy? Go global.That's the philosophy of the massive conglomerate, which is globalizing all of its businesses. Overseas sales accounted for more than half of GE's total revenue for the first time last year, and there is likely more growth ahead....
GE Finalizes its Exit from Japanese Consumer Finance
An auction for General Electric Co.’s consumer finance business in Japan is entering its final stage, signaling the latest stage of consolidation of the ailing industry....
GE invests in Texas, Illinois wind projects
GE Energy Financial Services, a unit of GE, is partnering for the third time with leading global wind power developer Invenergy Wind LLC, by investing in Illinois and Texas wind farms that will produce emissions-free electricity equivalent to taking 96,000 average US cars off the road. Together, the two projects will produce nearly 250 megawatts of power...
Ahead of the Pack
General Electric Co. Chairman and CEO Jeffrey R. Immelt has become one of the country's leading advocates of government-mandated caps on carbon emissions. Not because he's an environmentalist -- he says he isn't -- but because he feels government will impose those caps someday so business should get out in front on the issue...
GE has plans for desalination facilities in Turkey
Kürşat Özkan, General Electric’s regional executive for Turkey and southwest Asia, has said that his company has been working on a number of projects to desalinate sea water and to recycle used water, moves of critical importance as climatologists suggest Turkey will be countries facing serious water shortages in 20 to 25 years....
Recent News: GE Energy Wind Farm, NBE & GE Healthcare, GE Water, Bloomington Plant, Defensive Play and Trading Sideways
GE Energy invests in two new wind farms
Greenbang remembers a bygone era when wind was just good for kite flying, drying clothes and sailing. Pah, stupid wind. What good was it to humanity then? Selfish, Greenbang reckons....
NBC and GE Healthcare team up on vision for patient engagement
A partnership between GE Healthcare and NBC Universal is part of GE's vision to get patients more engaged in their healthcare through a combination of IT and online content....
How GE Water streamlined its events
In 2006, General Electric Water and Process Technologies, a division of GE that supplies water treatment, wastewater treatment and process systems solutions, was a conglomeration of several different companies it had acquired over the years. Each of those companies brought some baggage with them....
Workers to take over GE plant in Bloomington?
Rather than seeing the General Electric Co. refrigerator plant in Bloomington close, the Monroe County Economic Development Commission plans to study whether it would make sense for the employees to buy and operate the site....
General Electric (GE) -- a good, defensive play
General Electric Co. shares gained 4.3% by 1 p.m. following an upgrade from Merrill Lynch to Buy from Neutral. Analyst John G. Inch said GE seems to be a good defensive play in today's climate and that its range of businesses and large global exposure (more than half its revenue comes from outside the U.S) will help it weather a U.S. recession...
In down market, sideways GE shares look good: investors
For most of the past three years, investors looking at General Electric Co., have had a common complaint -- the shares were "trading sideways," showing little movement of any kind. ...
Greenbang remembers a bygone era when wind was just good for kite flying, drying clothes and sailing. Pah, stupid wind. What good was it to humanity then? Selfish, Greenbang reckons....
NBC and GE Healthcare team up on vision for patient engagement
A partnership between GE Healthcare and NBC Universal is part of GE's vision to get patients more engaged in their healthcare through a combination of IT and online content....
How GE Water streamlined its events
In 2006, General Electric Water and Process Technologies, a division of GE that supplies water treatment, wastewater treatment and process systems solutions, was a conglomeration of several different companies it had acquired over the years. Each of those companies brought some baggage with them....
Workers to take over GE plant in Bloomington?
Rather than seeing the General Electric Co. refrigerator plant in Bloomington close, the Monroe County Economic Development Commission plans to study whether it would make sense for the employees to buy and operate the site....
General Electric (GE) -- a good, defensive play
General Electric Co. shares gained 4.3% by 1 p.m. following an upgrade from Merrill Lynch to Buy from Neutral. Analyst John G. Inch said GE seems to be a good defensive play in today's climate and that its range of businesses and large global exposure (more than half its revenue comes from outside the U.S) will help it weather a U.S. recession...
In down market, sideways GE shares look good: investors
For most of the past three years, investors looking at General Electric Co., have had a common complaint -- the shares were "trading sideways," showing little movement of any kind. ...
Tuesday, March 25, 2008
Recent News: GE Aviation Biofuels, Corinne A. Johnson, GE Healthcare, Texas Wind Farm, Locomotive Pollution Standards, Connect with Immelt and more...
Continental, Boeing and GE plans for Sustainable Biofuels Flight
Continental Airlines , Boeing and GE Aviation have announced plans to conduct a biofuels demonstration flight in the first half of 2009 in an effort to identify sustainable fuel solutions for the aviation industry. Continental is the first major U.S. carrier to announce plans to highlight technological advancements in sustainable biofuels that can help to further reduce carbon emissions...
Corinne Johnson, 49, first woman to lead GE's Lynn plant
Corinne A. Johnson, the first female general manager at General Electric Co.'s aircraft engine plant in Lynn, walked the shop floor to meet workers. At GE Aviation, based in Cincinnati, she lobbied for the plant to build more engines for fighter jets, attack helicopters, and Marine One, the presidential chopper...
GE Healthcare Says It Continues Market Leadership Position In Compact Ultrasound Industry In 2007 - Quick Facts
GE Healthcare, a division of General Electric Co., announced, citing a recent industry report issued by Klein Biomedical Consultants, that its global compact ultrasound business revenues were $260 million in 2007, 50% higher than last year. This surpasses the 42% worldwide industry market growth for compact ultrasound in 2007...
GE to unveil plans for West Texas wind farm
General Electric Co. will announce today its 10th investment in a Texas wind farm. This one is in the West Texas town of McAdoo, and it comes with a crucial construction deadline...
GE embraces tougher locomotive pollution standards
Environmentalists and Erie-based GE Transportation are applauding new pollution-cutting regulations announced Friday by the Environmental Protection Agency.The EPA will require locomotives and U.S.-flag ships and passenger ferries to cut soot by 90 percent and smog-causing chemical releases by 80 percent...
GE Healthcare continues to grow ultrasound business
GE Healthcare continued as the global market share leader in the compact ultrasound industry in 2007, as cited in a recent industry report issued by Klein Biomedical Consultants.GE announced today that the company's global compact ultrasound business grew revenues to $260 million in 2007, growing 50 percent compared from the prior year....
GE Puts CEO Online to Connect with Shareholders
We’ve blogged several times about the efforts of some companies to establish two-way dialogs with their customers through initiatives such as online forums — and their mixed results. Continental Airlines, for instance, has won kudos from its customers for its policy of employing a dedicated person to monitor online chat forums and even to visit some customers in person at feedback events around the country. Dell, on the other hand, has been less successful with its Ideastorm site and its own interactions with sites such as the Consumerist.com.
One of the most intriguing attempts yet at engaging folks online — specifically shareholders — was a recent live Webcast with General Electric CEO Jeffrey Immelt.
Florida opts for GE Security
GE Security has announced the State of Florida has deployed GE’s Identity Commander security platform to its 12 deepwater seaports as well as its Dept. of Highway Safety & Motor Vehicles headquarters in Tallahassee....
Economic slowdown causing G.E. layoffs
G.E. is acknowledging that the tough economy is hitting its appliance business harder than was expected. Layoffs are coming to the executive ranks at the Louisville headquarters and across the U.S. The number of cutbacks is not yet known...
Equity in brands
Value-stock fund manager sees bargains in Honda, GE, Best Buy
One anomaly of the stormy U.S. stock market is how quality is being priced at a discount. Shares of many big, brand-name companies with strong cash positions and dominant, global market share are trading at below-normal valuations....
Now, GE Seeks Others' Money
General Electric Co., which has long been one of the country's largest real-estate investors with its own money, is planning to begin investing money belonging to others....
Continental Airlines , Boeing and GE Aviation have announced plans to conduct a biofuels demonstration flight in the first half of 2009 in an effort to identify sustainable fuel solutions for the aviation industry. Continental is the first major U.S. carrier to announce plans to highlight technological advancements in sustainable biofuels that can help to further reduce carbon emissions...
Corinne Johnson, 49, first woman to lead GE's Lynn plant
Corinne A. Johnson, the first female general manager at General Electric Co.'s aircraft engine plant in Lynn, walked the shop floor to meet workers. At GE Aviation, based in Cincinnati, she lobbied for the plant to build more engines for fighter jets, attack helicopters, and Marine One, the presidential chopper...
GE Healthcare Says It Continues Market Leadership Position In Compact Ultrasound Industry In 2007 - Quick Facts
GE Healthcare, a division of General Electric Co., announced, citing a recent industry report issued by Klein Biomedical Consultants, that its global compact ultrasound business revenues were $260 million in 2007, 50% higher than last year. This surpasses the 42% worldwide industry market growth for compact ultrasound in 2007...
GE to unveil plans for West Texas wind farm
General Electric Co. will announce today its 10th investment in a Texas wind farm. This one is in the West Texas town of McAdoo, and it comes with a crucial construction deadline...
GE embraces tougher locomotive pollution standards
Environmentalists and Erie-based GE Transportation are applauding new pollution-cutting regulations announced Friday by the Environmental Protection Agency.The EPA will require locomotives and U.S.-flag ships and passenger ferries to cut soot by 90 percent and smog-causing chemical releases by 80 percent...
GE Healthcare continues to grow ultrasound business
GE Healthcare continued as the global market share leader in the compact ultrasound industry in 2007, as cited in a recent industry report issued by Klein Biomedical Consultants.GE announced today that the company's global compact ultrasound business grew revenues to $260 million in 2007, growing 50 percent compared from the prior year....
GE Puts CEO Online to Connect with Shareholders
We’ve blogged several times about the efforts of some companies to establish two-way dialogs with their customers through initiatives such as online forums — and their mixed results. Continental Airlines, for instance, has won kudos from its customers for its policy of employing a dedicated person to monitor online chat forums and even to visit some customers in person at feedback events around the country. Dell, on the other hand, has been less successful with its Ideastorm site and its own interactions with sites such as the Consumerist.com.
One of the most intriguing attempts yet at engaging folks online — specifically shareholders — was a recent live Webcast with General Electric CEO Jeffrey Immelt.
Florida opts for GE Security
GE Security has announced the State of Florida has deployed GE’s Identity Commander security platform to its 12 deepwater seaports as well as its Dept. of Highway Safety & Motor Vehicles headquarters in Tallahassee....
Economic slowdown causing G.E. layoffs
G.E. is acknowledging that the tough economy is hitting its appliance business harder than was expected. Layoffs are coming to the executive ranks at the Louisville headquarters and across the U.S. The number of cutbacks is not yet known...
Equity in brands
Value-stock fund manager sees bargains in Honda, GE, Best Buy
One anomaly of the stormy U.S. stock market is how quality is being priced at a discount. Shares of many big, brand-name companies with strong cash positions and dominant, global market share are trading at below-normal valuations....
Now, GE Seeks Others' Money
General Electric Co., which has long been one of the country's largest real-estate investors with its own money, is planning to begin investing money belonging to others....
Recent News: GE Commerical Finance, Jeff Immelt's Outlook, GE Money, US Air Force, International Investments, and Clean Energy
GE Commercial Finance Appoints New Head of European Leveraged
Thomas Greco has been named as the new European Head of GE Commercial Finance’s Leveraged Finance activities. He will oversee strategy and development throughout the region and be responsible for driving growth through its lead arrange and participations business...
GE Chief Immelt sees revenue up at least 10 per cent in '08
General Electric Co. chief executive Jeff Immelt on Wednesday said that revenue should rise by at least 10 per cent to US$195 billion this year for the industrial, financial and entertainment conglomerate...
GE's Immelt Is A True Believer
In his annual letter to General Electric shareholders, Jeffrey Immelt said that he believes in GE's future. It certainly seems true; the GE chairman is buying serious chunks of the company's stock for his own account....
GE Money launches new personal loan
GE Money has launched James, a new and enhanced personal loan that empowers customers to make their own choices through an extensive range of flexible repayment options...
GE May Buy $10 Billion of Japan Property as Crunch Spurs Sales
General Electric Co.'s property arm may buy as much as $10 billion of Japanese real estate this year, expecting tighter credit and rising borrowing costs will prompt local trusts to sell assets and drive down prices....
Air Force Wants GE In Fighter Program
As United Technologies Corp. and General Electric continue to spar over GE's role in the nation's most expensive weapons program, senior Air Force officials have said bluntly that they want to keep GE on board despite official Defense Department opposition....
GE plans international investments
GE Energy Financial Services said it will invest $5 billion outside the United States. The $5 billion represents nearly a quarter of the firm's total plan and GE said it will be used to help mainly Southeast Asia and the Middle East grow and help meet soaring energy demand by the end of 2010...
GE CEO says U.S. moving too slowly on clean energy
The United States is in danger of falling behind other nations in reducing greenhouse gas emissions if both the federal government and Corporate America do not move quickly to support sources of clean energy, General Electric Co Chief Executive Jeffrey Immelt said on Wednesday....
Thomas Greco has been named as the new European Head of GE Commercial Finance’s Leveraged Finance activities. He will oversee strategy and development throughout the region and be responsible for driving growth through its lead arrange and participations business...
GE Chief Immelt sees revenue up at least 10 per cent in '08
General Electric Co. chief executive Jeff Immelt on Wednesday said that revenue should rise by at least 10 per cent to US$195 billion this year for the industrial, financial and entertainment conglomerate...
GE's Immelt Is A True Believer
In his annual letter to General Electric shareholders, Jeffrey Immelt said that he believes in GE's future. It certainly seems true; the GE chairman is buying serious chunks of the company's stock for his own account....
GE Money launches new personal loan
GE Money has launched James, a new and enhanced personal loan that empowers customers to make their own choices through an extensive range of flexible repayment options...
GE May Buy $10 Billion of Japan Property as Crunch Spurs Sales
General Electric Co.'s property arm may buy as much as $10 billion of Japanese real estate this year, expecting tighter credit and rising borrowing costs will prompt local trusts to sell assets and drive down prices....
Air Force Wants GE In Fighter Program
As United Technologies Corp. and General Electric continue to spar over GE's role in the nation's most expensive weapons program, senior Air Force officials have said bluntly that they want to keep GE on board despite official Defense Department opposition....
GE plans international investments
GE Energy Financial Services said it will invest $5 billion outside the United States. The $5 billion represents nearly a quarter of the firm's total plan and GE said it will be used to help mainly Southeast Asia and the Middle East grow and help meet soaring energy demand by the end of 2010...
GE CEO says U.S. moving too slowly on clean energy
The United States is in danger of falling behind other nations in reducing greenhouse gas emissions if both the federal government and Corporate America do not move quickly to support sources of clean energy, General Electric Co Chief Executive Jeffrey Immelt said on Wednesday....
Wednesday, March 12, 2008
Recent News: Wind Turbines, Government Blacklist?, Emerging Markets, Thailand Coal and Nuclear, GE Energy, and NBC.
GE Supplying Wind Turbines to Renewable Energy Systems for Projects to Be Developed in 2009 and 2010
Renewable Energy Systems (RES) Americas Inc. of Austin, Texas, one of the leading wind developers in North America, has signed agreements exceeding $700 million to receive GE Energy 1.5-megawatt wind turbines for projects in 2009 and 2010....
Govt threatens to blacklist GE; Bhel tie-up may be reviewed
Ratcheting up the pitch of its spat with General Electric Co. (GE) over allegedly defective turbines supplied by the US firm to the Dabhol power project, the government has threatened to ban the company from all future public sector power projects and review its alliance with the state-owned equipment maker Bharat Heavy Electricals Ltd (Bhel)...
GE Targets Growth in Emerging Markets
General Electric Co.'s Energy Financial Services unit said it will invest $5 billion through 2010 in energy and water projects in Asia, Latin America and the Middle East in a further sign of GE's diversification away from the U.S. economy....
GE Energy Says Thailand Should Use Coal and Nuclear
Coal and nuclear power remain Thailand's most viable fuel choices for the long term, according to Kovit Kantapasara, head of Thailand and Indonesia for GE Energy...
G.E. Chairman Rejects Talk of NBC Sale
Now hear this: NBC Universal is not for sale. No how, no way. Looking to squelch persistent rumors, Jeffrey R. Immelt, the chairman of General Electric, plans to make his most definitive statement yet about his company’s chief media asset...
GE's Energy Bet
Clearly, General Electric sees more money in powering the demand for infrastructure improvements around the world than it does in consumer spending....
GE chief executive says in annual report company won't sell NBC Universal
The chief executive of General Electric Co. is telling investors that the industrial and financial conglomerate will not sell NBC Universal, despite recurring speculation that GE would shed its media and entertainment division....
Renewable Energy Systems (RES) Americas Inc. of Austin, Texas, one of the leading wind developers in North America, has signed agreements exceeding $700 million to receive GE Energy 1.5-megawatt wind turbines for projects in 2009 and 2010....
Govt threatens to blacklist GE; Bhel tie-up may be reviewed
Ratcheting up the pitch of its spat with General Electric Co. (GE) over allegedly defective turbines supplied by the US firm to the Dabhol power project, the government has threatened to ban the company from all future public sector power projects and review its alliance with the state-owned equipment maker Bharat Heavy Electricals Ltd (Bhel)...
GE Targets Growth in Emerging Markets
General Electric Co.'s Energy Financial Services unit said it will invest $5 billion through 2010 in energy and water projects in Asia, Latin America and the Middle East in a further sign of GE's diversification away from the U.S. economy....
GE Energy Says Thailand Should Use Coal and Nuclear
Coal and nuclear power remain Thailand's most viable fuel choices for the long term, according to Kovit Kantapasara, head of Thailand and Indonesia for GE Energy...
G.E. Chairman Rejects Talk of NBC Sale
Now hear this: NBC Universal is not for sale. No how, no way. Looking to squelch persistent rumors, Jeffrey R. Immelt, the chairman of General Electric, plans to make his most definitive statement yet about his company’s chief media asset...
GE's Energy Bet
Clearly, General Electric sees more money in powering the demand for infrastructure improvements around the world than it does in consumer spending....
GE chief executive says in annual report company won't sell NBC Universal
The chief executive of General Electric Co. is telling investors that the industrial and financial conglomerate will not sell NBC Universal, despite recurring speculation that GE would shed its media and entertainment division....
Recent News: GE vs. Mitsubishi, 52-Week Low, GE Security, GE Aviation, World Water Tour, GE Capital, and CleanTech Blog.
GE complains to U.S. trade body about Mitsubishi Heavy
General Electric Co said on Friday it filed a complaint with the U.S. International Trade Commission against Mitsubishi Heavy Industries Ltd last month to halt U.S. imports of the Japanese firm's wind turbines....
How Does GE (GE) Hit A 52-Week Low?
On the face of it, there is no way GE (NYSE: GE) should be at a 52-week low. The company is as solid as a rock, a "safe haven" stock. Its yield is 3.7%. But, today the stock did hit its period bottom at $32.47 down from its high of $42.15....
GE to Install Safety Equipment at King Abdulaziz International Airport
GE Security, a subsidiary of General Electric (GE), has signed an agreement with King Abdulaziz International Airport (KAIA) to deploy and install new fire, safety, and security systems in the airport’s Hajj terminal. Located in Jeddah, KAIA is Saudi Arabia’s third largest airport...
Search engine: GE Aviation looks around
GE Aviation could move more than 1,500 employees to new office space in West Chester, Liberty Township, Northern Kentucky or just down the road in Springdale, as its leases there are set to expire in the next two years...
GE launches 2008 World Water Tour in Bahrain
On March 11 -12, 2008 in Manama, Bahrain, GE Water & Process Technologies, unit of General Electric Company, will launch the 2008 World Water Tour - a series of educational seminars that bring global water experts and water users together to discuss innovative ways to reduce water footprints with affordable, reliable solutions...
GE Capital suspends building loans
In an email to mortgage brokers, Australian Mortgage Securities (AMS) said it had pulled its construction loans, distributed by Wizard Homes Loans, Tasman Mortgages (a subsidiary of finance firm Lombard) and United Home Loans (a subsidiary of Hanover Group), because of losses made as a result of failures to follow lending procedures....
GE: Doing Cleantech The Right Way
I have long had a respect for GE (NYSE:GE), and how it runs its business. In cleantech, I am very, very jealous. They have made themselves into the company to beat. Whether by plan, luck, or simply applying sound business discipline, GE has made itself into a top 3 global cleantech player no matter happens. And they did it for a fraction of the price, and a lot less risk than anyone in Silicon Valley or the energy sector. Venture capitalists beware, in cleantech, the behemoths have beat you to the punch, have done it cheaper, faster, and with more grit than you realize....
General Electric Co said on Friday it filed a complaint with the U.S. International Trade Commission against Mitsubishi Heavy Industries Ltd last month to halt U.S. imports of the Japanese firm's wind turbines....
How Does GE (GE) Hit A 52-Week Low?
On the face of it, there is no way GE (NYSE: GE) should be at a 52-week low. The company is as solid as a rock, a "safe haven" stock. Its yield is 3.7%. But, today the stock did hit its period bottom at $32.47 down from its high of $42.15....
GE to Install Safety Equipment at King Abdulaziz International Airport
GE Security, a subsidiary of General Electric (GE), has signed an agreement with King Abdulaziz International Airport (KAIA) to deploy and install new fire, safety, and security systems in the airport’s Hajj terminal. Located in Jeddah, KAIA is Saudi Arabia’s third largest airport...
Search engine: GE Aviation looks around
GE Aviation could move more than 1,500 employees to new office space in West Chester, Liberty Township, Northern Kentucky or just down the road in Springdale, as its leases there are set to expire in the next two years...
GE launches 2008 World Water Tour in Bahrain
On March 11 -12, 2008 in Manama, Bahrain, GE Water & Process Technologies, unit of General Electric Company, will launch the 2008 World Water Tour - a series of educational seminars that bring global water experts and water users together to discuss innovative ways to reduce water footprints with affordable, reliable solutions...
GE Capital suspends building loans
In an email to mortgage brokers, Australian Mortgage Securities (AMS) said it had pulled its construction loans, distributed by Wizard Homes Loans, Tasman Mortgages (a subsidiary of finance firm Lombard) and United Home Loans (a subsidiary of Hanover Group), because of losses made as a result of failures to follow lending procedures....
GE: Doing Cleantech The Right Way
I have long had a respect for GE (NYSE:GE), and how it runs its business. In cleantech, I am very, very jealous. They have made themselves into the company to beat. Whether by plan, luck, or simply applying sound business discipline, GE has made itself into a top 3 global cleantech player no matter happens. And they did it for a fraction of the price, and a lot less risk than anyone in Silicon Valley or the energy sector. Venture capitalists beware, in cleantech, the behemoths have beat you to the punch, have done it cheaper, faster, and with more grit than you realize....
Recent News: Unions, Air Force Tanker Deal, GE Consumer & Industrial, GE Security Detection, Electric Cars, Lawsuit, and Jet Engines
GE set to give union notice
General Electric Co. management will put the union representing 275 warehouse employees at Louisville's Appliance Park on notice today that it is pursuing plans to outsource the work performed there unless productivity improves, IUE-CWA Local 761 Vice President Larry Badgett said....
Europe wins tanker deal, but GE still supplying engines
General Electric Company CF6 engines will power the Northrop Grumman KC-45A aircraft, which was selected Friday by the United States Air Force (USAF) for its tanker replacement program...
GE Consumer & Industrial wins Energy Star award
For the third year in a row, GE Consumer & Industrial, a Louisville-based unit of General Electric Co., has received the Energy Star Partner of the Year "Sustained Excellence" award from the U.S. Department of Energy and the U.S. Environmental Protection Agency...
GE Security Detection System Delivered to Abu Dhabi Airport
GE Security, a business of GE Enterprise Solutions, announced its Homeland Protection business has sold and delivered two CTX 9000 DSi advanced technology explosives detection systems to Abu Dhabi International Airport...
A123Systems wins GE funding for electric car partnership
Watertown lithium ion battery maker A123Systems Inc. has cut a new deal with a Norwegian electric car manufacturer that puts its nanophosphate power plants at the heart of a five-seat "crossover" style vehicle...
GE Energy, Invenergy Wind Sign 2nd Supply Pact Worth Over $1 Billion
General Electric Co.'s (GE) energy unit received a wind turbine supply pact from Invenergy Wind LLC worth more than $1 billion...
Firm Sues GE For Alleged Side Effects Of MRI Dye Product
General Electric Co. (GE) is being sued for its potential side effect from its Omniscan product, which allegedly causes a debilitating disease for patients with pre-existing kidney diseases...
US wants changes on some jet engines, GE to fix
U.S. safety investigators urged regulators on Wednesday to require upgrades and design changes to a popular regional jet engine made by a unit of General Electric Co...
GE bets $24M on electric cars
General Electric Co. is investing $24 million in two companies that are developing technology for innovative plug-in electric cars....
General Electric Co. management will put the union representing 275 warehouse employees at Louisville's Appliance Park on notice today that it is pursuing plans to outsource the work performed there unless productivity improves, IUE-CWA Local 761 Vice President Larry Badgett said....
Europe wins tanker deal, but GE still supplying engines
General Electric Company CF6 engines will power the Northrop Grumman KC-45A aircraft, which was selected Friday by the United States Air Force (USAF) for its tanker replacement program...
GE Consumer & Industrial wins Energy Star award
For the third year in a row, GE Consumer & Industrial, a Louisville-based unit of General Electric Co., has received the Energy Star Partner of the Year "Sustained Excellence" award from the U.S. Department of Energy and the U.S. Environmental Protection Agency...
GE Security Detection System Delivered to Abu Dhabi Airport
GE Security, a business of GE Enterprise Solutions, announced its Homeland Protection business has sold and delivered two CTX 9000 DSi advanced technology explosives detection systems to Abu Dhabi International Airport...
A123Systems wins GE funding for electric car partnership
Watertown lithium ion battery maker A123Systems Inc. has cut a new deal with a Norwegian electric car manufacturer that puts its nanophosphate power plants at the heart of a five-seat "crossover" style vehicle...
GE Energy, Invenergy Wind Sign 2nd Supply Pact Worth Over $1 Billion
General Electric Co.'s (GE) energy unit received a wind turbine supply pact from Invenergy Wind LLC worth more than $1 billion...
Firm Sues GE For Alleged Side Effects Of MRI Dye Product
General Electric Co. (GE) is being sued for its potential side effect from its Omniscan product, which allegedly causes a debilitating disease for patients with pre-existing kidney diseases...
US wants changes on some jet engines, GE to fix
U.S. safety investigators urged regulators on Wednesday to require upgrades and design changes to a popular regional jet engine made by a unit of General Electric Co...
GE bets $24M on electric cars
General Electric Co. is investing $24 million in two companies that are developing technology for innovative plug-in electric cars....
Recent News: GE Energy, Boeing 747, Air Force Tanker Deal, Olympics, Jeffery Immelt, Insider Buying, and Beth Comstock CMO
GE Energy lands $700M deal
GE Energy has signed agreements worth more than $700 million to supply Renewable Energy Systems Inc. with more than 300 wind turbines...
Boeing delivers its 1,400th 747
I got an e-mail Friday morning from my contact at Boeing alerting me to the fact that the aerospace giant delivered its 1,400th 747 Thursday. The lucky recipient of the 747-400 freighter was GE Commercial Aviation Services, which plans to lease the jet to AirBridgeCargo Airlines, a Boeing press release says...
Air Force tanker contract could means billions for GE Aviation
GE Aviation stands to gain engine and related orders worth more than $5 billion as a result of the Pentagon's decision, announced Friday, to award a long-term contract for U.S. Air Force in-flight refueling tankers to a team led by Northrop Grumman and Airbus parent EADS. The planes will be powered by GE's CF6 jet engines that are built in Evendale...
GE gets win out of Northrop deal with military
Despite the hue and cry that American interests were hurt when the U.S. military gave its new tanker order to Northrup Grumman Corp. (NYSE: NOC) and EADS, the parent of Boeing Co. (NYSE: BA) rival Airbus, one big company based in Connecticut did very well. That would be General Electric Co...
GE Shines Up Global Message For Olympics
GE sees its sponsorship of the Beijing Olympics as a way to “prove to potential customers and shareholders in the developed world that G.E.’s creativity is translating into big sales in the developing one,” The New York Times reports....
GE To Supply CF6 Engines For Tanker Replacement Program Of Air Force [GE]
General Electric Co. (GE) Monday revealed the award of a contract to supply CF6 aircraft engines for the new KC-45A aerial refueling tankers of the U.S air force. The estimated value of the deal is about $5 billion, with initial deliveries scheduled in 2010. Friday, the air force awarded the KC-45A contract to Northrop Grumman Corp. (NOC) and EADS North America, edging out Boeing's 767...
GE's Immelt buys $3 mln in shares
The chairman and chief executive of General Electric Co. reported on Monday that he recently bought $3 million worth of the conglomerate's common stock on the open market....
GE taps Beth Comstock as chief marketing officer
General Electric Co. on Monday named Beth Comstock as its chief marketing officer, bringing her back from NBC Universal, where her responsibilities will be divided among three executives....
Immelt of G.E. Made $14 Million in Last Year’s Pay
General Electric’s chief executive, Jeffrey R. Immelt, was awarded $14.2 million in compensation last year, including salary, bonus and the value of plan-based awards, the company said Monday in a regulatory filing....
Interview: Beth Comstock, SVP-CMO, GE: NBCU’s Digital Mindset Has Been Changed
This time next week Beth Comstock will be reporting to work as SVP and CMO of GE, not president of integrated media for NBC Universal (NYSE: GE). Comstock, announced today as GE SVP & CMO, knew when she got on the phone with me today that her assurance in early January about not going back to GE was bound to come up: “At that point, it was still something we were talking about as out in the future ... In the past month, we started talking about it with a specific target date.” She said she always expected to go back to GE eventually: “When you’re in the GE cycle you sort of expect [it] after being in a job a couple of years...
GE Energy has signed agreements worth more than $700 million to supply Renewable Energy Systems Inc. with more than 300 wind turbines...
Boeing delivers its 1,400th 747
I got an e-mail Friday morning from my contact at Boeing alerting me to the fact that the aerospace giant delivered its 1,400th 747 Thursday. The lucky recipient of the 747-400 freighter was GE Commercial Aviation Services, which plans to lease the jet to AirBridgeCargo Airlines, a Boeing press release says...
Air Force tanker contract could means billions for GE Aviation
GE Aviation stands to gain engine and related orders worth more than $5 billion as a result of the Pentagon's decision, announced Friday, to award a long-term contract for U.S. Air Force in-flight refueling tankers to a team led by Northrop Grumman and Airbus parent EADS. The planes will be powered by GE's CF6 jet engines that are built in Evendale...
GE gets win out of Northrop deal with military
Despite the hue and cry that American interests were hurt when the U.S. military gave its new tanker order to Northrup Grumman Corp. (NYSE: NOC) and EADS, the parent of Boeing Co. (NYSE: BA) rival Airbus, one big company based in Connecticut did very well. That would be General Electric Co...
GE Shines Up Global Message For Olympics
GE sees its sponsorship of the Beijing Olympics as a way to “prove to potential customers and shareholders in the developed world that G.E.’s creativity is translating into big sales in the developing one,” The New York Times reports....
GE To Supply CF6 Engines For Tanker Replacement Program Of Air Force [GE]
General Electric Co. (GE) Monday revealed the award of a contract to supply CF6 aircraft engines for the new KC-45A aerial refueling tankers of the U.S air force. The estimated value of the deal is about $5 billion, with initial deliveries scheduled in 2010. Friday, the air force awarded the KC-45A contract to Northrop Grumman Corp. (NOC) and EADS North America, edging out Boeing's 767...
GE's Immelt buys $3 mln in shares
The chairman and chief executive of General Electric Co. reported on Monday that he recently bought $3 million worth of the conglomerate's common stock on the open market....
GE taps Beth Comstock as chief marketing officer
General Electric Co. on Monday named Beth Comstock as its chief marketing officer, bringing her back from NBC Universal, where her responsibilities will be divided among three executives....
Immelt of G.E. Made $14 Million in Last Year’s Pay
General Electric’s chief executive, Jeffrey R. Immelt, was awarded $14.2 million in compensation last year, including salary, bonus and the value of plan-based awards, the company said Monday in a regulatory filing....
Interview: Beth Comstock, SVP-CMO, GE: NBCU’s Digital Mindset Has Been Changed
This time next week Beth Comstock will be reporting to work as SVP and CMO of GE, not president of integrated media for NBC Universal (NYSE: GE). Comstock, announced today as GE SVP & CMO, knew when she got on the phone with me today that her assurance in early January about not going back to GE was bound to come up: “At that point, it was still something we were talking about as out in the future ... In the past month, we started talking about it with a specific target date.” She said she always expected to go back to GE eventually: “When you’re in the GE cycle you sort of expect [it] after being in a job a couple of years...
