Recent News: Ohio Lamp Plant, Citi Rating, GE Aviation, GE Healthcare & Whatman, GE Hitachi, New Chief Accounting Officer, and Sofradir

General Electric to eliminate 31 positions at Ohio Lamp Plant
General Electric continues to slash jobs in the Mahoning Valley as it eliminates 31 positions at its Ohio Lamp Plant. The Warren plant makes a variety of incandescent bulbs, which are becoming less popular....

Citi Maintains 'Hold' Rating on General Electric (GE), Lowers Price Target
Citi maintains a 'Hold' rating on General Electric, lowers price target from $36 to $35.Citi analyst says, "GE's Sum-of-the-Parts premium has contracted, but it still trades above par using P/E's of some of the highest valued financial peers. Finance book value approaches point to more downside valuation risk...GE has increasingly relied on gains to drive EPS growth or offset headwinds that have materialized from time to time....

Singapore Airlines plane reports engine trouble, lands safely in India
A Singapore Airlines flight to Paris was diverted to India because one of its two engines appeared to be in trouble, Singapore's national carrier said Monday. A failure warning prompted the pilot to shut down the left engine of the Boeing 767-300ER and redirect the flight to New Delhi's Indira Gandhi International Airport on Friday, Singapore Airlines said in a statement e-mailed to The Associated Press...

GE Healthcare Completes Acquisition of Whatman PLC
Chalfont St. Giles, UK. - GE Healthcare, a unit of General Electric Company (NYSE:GE) has completed the acquisition of Whatman PLC, a global supplier of filtration products and technologies...

GE Hitachi Nuclear to build uranium enrichment facility
Global Laser Enrichment (GLE), a unit of GE Hitachi Nuclear Energy (GEH), said it has selected GEH's Wilmington headquarters site for a potential commercial uranium enrichment facility.
Before moving ahead, GLE will first look at the results of a demonstration test loop, which is currently under construction, and obtain an NRC license to build and operate the commercial plant. Pending approvals, the facility is expected to come online in 2012...

GE says gets $350 mln Dubai order for jet engines
General Electric Co said on Wednesday that LCAL, a Dubai-based aircraft leasing company, has agreed to buy GEnx jet engines to power up to 13 of its aircraft. The engines, with a list price of more than $350 million collectively, would power Boeing Co made 787 aircraft, GE Aviation said....

GE names Miller as chief accounting officer
General Electric Co on Wednesday named Jamie Miller as chief accounting officer, succeeding Walter Ielusic, who had held the post on an acting basis....

GE Buys Stake in French Infrared Unit
General Electric, the U.S. industrial conglomerate, has bought for an undisclosed amount a 15 percent stake in Ulis, a subsidiary of Sofradir, a French maker of infrared detectors.
Ulis makes uncooled IR detectors mainly for commercial uses, said Sofradir in an April 30 statement....