HOUSTON — GE Oil & Gas and a subsidiary of Qatar Petroleum said Tuesday that they have signed partnership deals that the companies say will bolster GE Oil & Gas' pipeline business in the Middle East and help Qatar boost oil and gas capacity.
Under the first agreement, Al Shaheen Energy Services will become a 50 percent partner in GE Oil and Gas' PII Pipeline Solutions business that provides services to help secure safe pipeline operations, maximize throughput for operators and maintain cost-effective compliance.
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Showing posts with label GE Oil and Gas. Show all posts
Showing posts with label GE Oil and Gas. Show all posts
Wednesday, December 23, 2009
Monday, October 27, 2008
Recent News: Job & Cost Custs, Regulation, Economy, Dividend, Jack Welch and GE Oil & Gas
Report: GE will cut costs as it braces for 2009
The chief executive of General Electric Co. said Friday that the company is cutting costs as it braces for a difficult 2009, The Wall Street Journal reported on its Web site. Jeff Immelt, in an interview at a conference at Columbia University in New York, said costs will be lower in 2009 than in 2008...
GE Will Cut Costs, Jobs, Immelt Says
General Electric Co. is cutting costs, preparing for a new wave of regulation from Washington and embracing manufacturing over financial services as ways out of the economic crisis, its chief executive said Friday. "Costs will be lower in 2009 than in 2008," Chairman and Chief Executive Officer Jeffrey Immelt said in an interview. "That will be true across the board." Employment will also be lower, he said, declining to name numbers or percentages....
GE cuts costs, prepares for more regulation
General Electric Co is cutting costs and preparing for a wave of regulation from Washington, the Wall Street Journal reported on Friday. Chairman and Chief Executive Jeffrey Immelt, speaking at a Columbia Business School social-enterprise conference, said costs and employment would be lower in 2009 across the board, the newspaper reported. Immelt did not give numbers or percentages, the report said....
GE’s Immelt Sees Shrinking Economy for 2-3 Quarters
The U.S. economy will have two or three quarters of “negative growth” once global financial systems stabilize, General Electric Co. Chief Executive Officer Jeffrey Immelt said.
“You might have a two- or three-quarter negative growth and then a slow pullout,” Immelt said during a Webcast presentation for students at New York University’s Stern School of Business. “You’ve got this financial crisis going on, behind which is recession.”...
GE Needs Fed Bailout To Finance Operations; Dividend At Risk
GE is struggling to get short term financing at a price it wants to pay. So what does GE do? The answer is twofold...
GE to Cut Costs, Jobs: Report
General Electric plans to cut costs next year as it confronts the global economic slowdown, according to a published media report...
A SUCCESS STORY: Virtual unknown GE Oil & Gas now a star
In 2001, General Electric Co’s oil and gas business had only a few dozen employees in Houston and was a virtual unknown in the oil patch. “Our primary goal was just to get people to know who we were,” said Mat Castaneda, general manager of North American sales for GE Oil & Gas....
GE's former CEO Welch says economy will improve in 2009
Former General Electric Co. Chief Executive Officer Jack Welch said the U.S. economy will start to improve in late 2009 after struggling for the next three quarters. "We are going to have some very tough times," Welch said on the ABC News "This Week" program. "The fourth quarter of this year could have negative growth in the three to four percent range."...
The chief executive of General Electric Co. said Friday that the company is cutting costs as it braces for a difficult 2009, The Wall Street Journal reported on its Web site. Jeff Immelt, in an interview at a conference at Columbia University in New York, said costs will be lower in 2009 than in 2008...
GE Will Cut Costs, Jobs, Immelt Says
General Electric Co. is cutting costs, preparing for a new wave of regulation from Washington and embracing manufacturing over financial services as ways out of the economic crisis, its chief executive said Friday. "Costs will be lower in 2009 than in 2008," Chairman and Chief Executive Officer Jeffrey Immelt said in an interview. "That will be true across the board." Employment will also be lower, he said, declining to name numbers or percentages....
GE cuts costs, prepares for more regulation
General Electric Co is cutting costs and preparing for a wave of regulation from Washington, the Wall Street Journal reported on Friday. Chairman and Chief Executive Jeffrey Immelt, speaking at a Columbia Business School social-enterprise conference, said costs and employment would be lower in 2009 across the board, the newspaper reported. Immelt did not give numbers or percentages, the report said....
GE’s Immelt Sees Shrinking Economy for 2-3 Quarters
The U.S. economy will have two or three quarters of “negative growth” once global financial systems stabilize, General Electric Co. Chief Executive Officer Jeffrey Immelt said.
“You might have a two- or three-quarter negative growth and then a slow pullout,” Immelt said during a Webcast presentation for students at New York University’s Stern School of Business. “You’ve got this financial crisis going on, behind which is recession.”...
GE Needs Fed Bailout To Finance Operations; Dividend At Risk
GE is struggling to get short term financing at a price it wants to pay. So what does GE do? The answer is twofold...
GE to Cut Costs, Jobs: Report
General Electric plans to cut costs next year as it confronts the global economic slowdown, according to a published media report...
A SUCCESS STORY: Virtual unknown GE Oil & Gas now a star
In 2001, General Electric Co’s oil and gas business had only a few dozen employees in Houston and was a virtual unknown in the oil patch. “Our primary goal was just to get people to know who we were,” said Mat Castaneda, general manager of North American sales for GE Oil & Gas....
GE's former CEO Welch says economy will improve in 2009
Former General Electric Co. Chief Executive Officer Jack Welch said the U.S. economy will start to improve in late 2009 after struggling for the next three quarters. "We are going to have some very tough times," Welch said on the ABC News "This Week" program. "The fourth quarter of this year could have negative growth in the three to four percent range."...
Wednesday, October 1, 2008
Recent News: Toasters Recalled, Agility Healthcare Purchase, Stock Buyback Program, and GE Oil and Gas Pipeline
General Electric toasters recalled
The U.S. Consumer Product Safety Commission announced a voluntary recall of General Electric toasters due to a shock and fire hazard. Importer Wal-Mart Stores Inc. of Bentonville, Ark., has received 140 reports of short circuits in the toasters causing sparks or fires, the commission said in a statement.
General Electric buys health care tech company
General Electric Co.'s GE Healthcare unit said Tuesday it bought privately-held Agility Healthcare Solutions in move to expand its software offerings which help hospitals coordinate patient care...
Here, There and Everywhere
Also last week, General Electric – a key company for U.S. employment and stock portfolios – shocked markets when it suspended a stock buyback program and indicated it may not boost its dividend in 2009 for the first time since 1976...
GE Oil & Gas' PII Pipeline Solutions Expands Staff and Engineering Services in Calgary for Canadian Operators
GE Oil & Gas has expanded its PII Pipeline Solutions technical staff and engineering analysis services in Calgary on behalf of Canadian pipeline operators. GE increased its pipeline data analysis department by 17 people in 2008 and its integrity engineering department to nine, full-time desk engineers, including a data software engineer to enable the newly enhanced levels of pipeline support services for its Canadian customers....
GE Healthcare Acquires Agility Healthcare Solutions, Broadening Capabilities to Help Hospitals Improve Their Performance
GE Healthcare, a unit of General Electric Company announced today that it has acquired the privately held Agility Healthcare Solutions of Glen Allen, Virginia. Financial terms were not disclosed. Agility Healthcare Solutions provides unique and innovative products that transform hospital workflow and patient care management...
The U.S. Consumer Product Safety Commission announced a voluntary recall of General Electric toasters due to a shock and fire hazard. Importer Wal-Mart Stores Inc. of Bentonville, Ark., has received 140 reports of short circuits in the toasters causing sparks or fires, the commission said in a statement.
General Electric buys health care tech company
General Electric Co.'s GE Healthcare unit said Tuesday it bought privately-held Agility Healthcare Solutions in move to expand its software offerings which help hospitals coordinate patient care...
Here, There and Everywhere
Also last week, General Electric – a key company for U.S. employment and stock portfolios – shocked markets when it suspended a stock buyback program and indicated it may not boost its dividend in 2009 for the first time since 1976...
GE Oil & Gas' PII Pipeline Solutions Expands Staff and Engineering Services in Calgary for Canadian Operators
GE Oil & Gas has expanded its PII Pipeline Solutions technical staff and engineering analysis services in Calgary on behalf of Canadian pipeline operators. GE increased its pipeline data analysis department by 17 people in 2008 and its integrity engineering department to nine, full-time desk engineers, including a data software engineer to enable the newly enhanced levels of pipeline support services for its Canadian customers....
GE Healthcare Acquires Agility Healthcare Solutions, Broadening Capabilities to Help Hospitals Improve Their Performance
GE Healthcare, a unit of General Electric Company announced today that it has acquired the privately held Agility Healthcare Solutions of Glen Allen, Virginia. Financial terms were not disclosed. Agility Healthcare Solutions provides unique and innovative products that transform hospital workflow and patient care management...
Thursday, September 11, 2008
Recent News: Apple iTunes and NBCU Programs, Google, GE Oil and Gas, and EPA / Housatonic River
Apple ends beef with NBC over iTunes shows
Apple Inc. has lured the NBC television network back to the iTunes online media service. This ends a year of acrimony over the prices Apple charges for shows it sells over iTunes...
You Don't Really Understand Google
lot of people think that Google lives and dies with online success alone, and that this state of affairs will never change. I hate to have to tell you this, but you're all wrong.
The Wall Street Journal supports my position today by lifting the veil of secrecy from an advertising deal between Mountain View and General Electric's NBC Universal unit. No, Google isn't going to carpet-bomb the Sci-Fi Channel and CNBC with obnoxious brand-builder ads, the way Yahoo! yodeled all over your TV a decade ago. This deal goes the other way....
GE Oil & Gas wins 100 mln usd contract for China's 2nd West-to-East gas pipeline
GE Oil & Gas, a unit of US-based General Electric, said it won a 100 mln usd contract to provide pipeline compression equipment for China's second West-to-East natural gas transmission pipeline...
EPA says GE cleanup plan for Housatonic inadequate
The EPA has criticized General Electric Co.'s cleanup plan for a stretch of the Housatonic River south of Pittsfield....
Apple Inc. has lured the NBC television network back to the iTunes online media service. This ends a year of acrimony over the prices Apple charges for shows it sells over iTunes...
You Don't Really Understand Google
lot of people think that Google lives and dies with online success alone, and that this state of affairs will never change. I hate to have to tell you this, but you're all wrong.
The Wall Street Journal supports my position today by lifting the veil of secrecy from an advertising deal between Mountain View and General Electric's NBC Universal unit. No, Google isn't going to carpet-bomb the Sci-Fi Channel and CNBC with obnoxious brand-builder ads, the way Yahoo! yodeled all over your TV a decade ago. This deal goes the other way....
GE Oil & Gas wins 100 mln usd contract for China's 2nd West-to-East gas pipeline
GE Oil & Gas, a unit of US-based General Electric, said it won a 100 mln usd contract to provide pipeline compression equipment for China's second West-to-East natural gas transmission pipeline...
EPA says GE cleanup plan for Housatonic inadequate
The EPA has criticized General Electric Co.'s cleanup plan for a stretch of the Housatonic River south of Pittsfield....
Recent News: China, Google TV Ads, Duke Energy Wind, US Navy Contract, GE Pipeline, Saudi Air Force, MSNBC Keith Olberman and Jeffery Immelt
New Look General Electric Aims to Double its China Business by the Decade’s End
General Electric Co. expects its business in China to double to $10 billion a year by 2010, as the U.S. industrial giant aims to overcome a sputtering U.S. economy by ramping up its emerging-markets focus...
NBC Universal in pact for Google to sell its TV ads
NBC Universal, a unit of General Electric Co, is teaming up with Google Inc on a multi-year partnership in which Google will act as a broker to sell TV advertising on some NBC cable channels. In a joint statement, the two companies said NBC Universal will offer advertising time from several of its cable networks for Google to sell advertising through its Google TV Ads service.
Google to broker ads for cable TV channels
Financial terms of the deal were not disclosed. Google said in a prepared statement that its TV Ads platform will begin selling inventory for channels including Oxygen, CNBC, Sci Fi, Sleuth and Chiller "in the coming months, with potential to expand onto other NBCU properties in the future."...
Duke Energy Buys GE Wind Turbines For Undisclosed Sum
Duke Energy Corp. (DUK), said it agreed to buy 100 wind turbines from General Electric Co. (GE) for an undisclosed sum. Duke, which has been investing in its wind-energy business, also announced a long-term agreement to sell 99 megawatts of electricity from its new Wyoming wind farm. Terms of the deal weren't disclosed....
General Electric gets $120.2M Navy deal
A division of General Electric Co. received a $120.2 million contract boost from the Naval Air Systems Command. The contract covers 30 engines for the F/A-18E/F aircraft, plus 24 devices kits and 19 various modules for the Royal Australian Air Force, the Pentagon said late Monday....
GE Oil & Gas' PII Pipeline Solutions Division Signs Pipeline Integrity Services Distribution Agreement In Colombia
GE Oil & Gas' PII Pipeline Solutions division has signed a pipeline integrity services distributor agreement with Tecnicontrol S.A., in Colombia, as part of GE's strategy to strengthen its pipeline integrity services in South America....
Saudi Air Force adds to GE Aviation engine order
The Royal Saudi Air Force has added 91 F110-GE-129C engines to a previous order for its military aircraft, GE Aviation said Tuesday. With the latest order, the Saudis plan to upgrade 41 twin-engine Boeing F-15S aircraft, according to a news release. They had previously ordered 65 F110 engines to upgrade 29 of the aircraft...
MSNBC Bags "Fighting Anchors" Strategy, Dumps Olbermann And Matthews
Keith Olbermann and Chris Matthews, MSNBC's on-air political duo covering this year's primaries, debates and conventions, have never had the best on-air rapport. But at the Democratic National Convention, the animosity had reached a boiling point (see video below), so MSNBC decided to replace their contentious duo with seasoned and seemingly even-tempered political reporter: David Gregory...
Did GE CEO Jeff Immelt Order Keith Olbermann Demotion?
Rumor has it that GE CEO Jeff Immelt personally ordered MSNBC to remove Keith Olbermann after a host of shareholder complaints—a charge NBC and Olbermann deny...
General Electric Co. expects its business in China to double to $10 billion a year by 2010, as the U.S. industrial giant aims to overcome a sputtering U.S. economy by ramping up its emerging-markets focus...
NBC Universal in pact for Google to sell its TV ads
NBC Universal, a unit of General Electric Co, is teaming up with Google Inc on a multi-year partnership in which Google will act as a broker to sell TV advertising on some NBC cable channels. In a joint statement, the two companies said NBC Universal will offer advertising time from several of its cable networks for Google to sell advertising through its Google TV Ads service.
Google to broker ads for cable TV channels
Financial terms of the deal were not disclosed. Google said in a prepared statement that its TV Ads platform will begin selling inventory for channels including Oxygen, CNBC, Sci Fi, Sleuth and Chiller "in the coming months, with potential to expand onto other NBCU properties in the future."...
Duke Energy Buys GE Wind Turbines For Undisclosed Sum
Duke Energy Corp. (DUK), said it agreed to buy 100 wind turbines from General Electric Co. (GE) for an undisclosed sum. Duke, which has been investing in its wind-energy business, also announced a long-term agreement to sell 99 megawatts of electricity from its new Wyoming wind farm. Terms of the deal weren't disclosed....
General Electric gets $120.2M Navy deal
A division of General Electric Co. received a $120.2 million contract boost from the Naval Air Systems Command. The contract covers 30 engines for the F/A-18E/F aircraft, plus 24 devices kits and 19 various modules for the Royal Australian Air Force, the Pentagon said late Monday....
GE Oil & Gas' PII Pipeline Solutions Division Signs Pipeline Integrity Services Distribution Agreement In Colombia
GE Oil & Gas' PII Pipeline Solutions division has signed a pipeline integrity services distributor agreement with Tecnicontrol S.A., in Colombia, as part of GE's strategy to strengthen its pipeline integrity services in South America....
Saudi Air Force adds to GE Aviation engine order
The Royal Saudi Air Force has added 91 F110-GE-129C engines to a previous order for its military aircraft, GE Aviation said Tuesday. With the latest order, the Saudis plan to upgrade 41 twin-engine Boeing F-15S aircraft, according to a news release. They had previously ordered 65 F110 engines to upgrade 29 of the aircraft...
MSNBC Bags "Fighting Anchors" Strategy, Dumps Olbermann And Matthews
Keith Olbermann and Chris Matthews, MSNBC's on-air political duo covering this year's primaries, debates and conventions, have never had the best on-air rapport. But at the Democratic National Convention, the animosity had reached a boiling point (see video below), so MSNBC decided to replace their contentious duo with seasoned and seemingly even-tempered political reporter: David Gregory...
Did GE CEO Jeff Immelt Order Keith Olbermann Demotion?
Rumor has it that GE CEO Jeff Immelt personally ordered MSNBC to remove Keith Olbermann after a host of shareholder complaints—a charge NBC and Olbermann deny...
Wednesday, February 13, 2008
Recent News: Overseas Sales, Gas Turbine Engines, Carrie McCabe, GE Real Estate, Sikorsky CH-53, Google-Enabled Phones, Dryer Recall, and GE Oil & Gas
Overseas Sales Big For GE Fairfield-based General Electric Co. will get about 60 percent of infrastructure sales from overseas this year, a 5 percentage point increase from 2007, as the U.S. economy wanes and developing countries add electrical capacity to fuel growth, Vice Chairman John Rice said Tuesday....
Pratt & Whitney Power Systems to provide IGT parts to GE gas turbines
Pratt & Whitney Power Systems has been selected by the Los Angeles Department of Water and Power to provide industrial gas turbine parts for four General Electric Frame 7FA+e gas turbines. ...
Senior hedge exec to launch new firm backed by GE
Carrie McCabe, among the most prominent women executives in the hedge fund industry, is launching a new hedge fund investment firm backed by General Electric's asset management division, sources familiar with the situation said on Tuesday....
GE Real Estate Takes Lead in $50 Million Refinancing to Vancouver Film Studios
GE Real Estate announcedtoday it was the lead partner for a $50 million refinancing of Vancouver FilmStudios, a state-of-the art film and television studio complex....
GE cuts metal for engine to power Sikorsky's CH-53K
General Electric has machined the first parts for the new GE38-1B turboshaft engine that will power the Sikorsky CH-53K heavylift helicopter under development for the US Marine Corps...
GE to Produce Google-Enabled DECT Phone
General Electric has announced the GE Premiere DECT 6.0 Phone with Home Speakerbox/Intercom. The new DECT phone will include a dedicated two-way wireless intercom system, as well as a special portable speakerphone/room intercom unit...
GE pulls pin on National Parts
GE Commercial may have forced the liquidation of National Parts, one of Australia's largest car parts’ distributors. The firm trades mainly through six wholesale outlets that supply the AutoPro network of retail outlets...
GE Recalls Dryers Due to Shock Hazard
The U.S. Consumer Product Safety Commission and General Electric Co. on Monday recalled about 2,100 GE gas clothes dryers because a short circuit could cause a shock hazard...
StatoilHydro Announces Technology Cooperation with GE Oil & Gas
StatoilHydro and GE Oil & Gas today signed a Technology Cooperation Agreement, which establishes a formal collaborative working relationship between the two companies for the ongoing development of technology related to specific oil and gas projects...
Pratt & Whitney Power Systems to provide IGT parts to GE gas turbines
Pratt & Whitney Power Systems has been selected by the Los Angeles Department of Water and Power to provide industrial gas turbine parts for four General Electric Frame 7FA+e gas turbines. ...
Senior hedge exec to launch new firm backed by GE
Carrie McCabe, among the most prominent women executives in the hedge fund industry, is launching a new hedge fund investment firm backed by General Electric's asset management division, sources familiar with the situation said on Tuesday....
GE Real Estate Takes Lead in $50 Million Refinancing to Vancouver Film Studios
GE Real Estate announcedtoday it was the lead partner for a $50 million refinancing of Vancouver FilmStudios, a state-of-the art film and television studio complex....
GE cuts metal for engine to power Sikorsky's CH-53K
General Electric has machined the first parts for the new GE38-1B turboshaft engine that will power the Sikorsky CH-53K heavylift helicopter under development for the US Marine Corps...
GE to Produce Google-Enabled DECT Phone
General Electric has announced the GE Premiere DECT 6.0 Phone with Home Speakerbox/Intercom. The new DECT phone will include a dedicated two-way wireless intercom system, as well as a special portable speakerphone/room intercom unit...
GE pulls pin on National Parts
GE Commercial may have forced the liquidation of National Parts, one of Australia's largest car parts’ distributors. The firm trades mainly through six wholesale outlets that supply the AutoPro network of retail outlets...
GE Recalls Dryers Due to Shock Hazard
The U.S. Consumer Product Safety Commission and General Electric Co. on Monday recalled about 2,100 GE gas clothes dryers because a short circuit could cause a shock hazard...
StatoilHydro Announces Technology Cooperation with GE Oil & Gas
StatoilHydro and GE Oil & Gas today signed a Technology Cooperation Agreement, which establishes a formal collaborative working relationship between the two companies for the ongoing development of technology related to specific oil and gas projects...
Tuesday, February 12, 2008
Recent News: GE Oil & Gas, Gas Dryer Recall, and SABIC
Emission-Reducing Technology Developed By GE Oil & Gas For Frame 5-2 Gas Turbines Wins Ecomagination Certification GE Oil & Gas recently announced that its DLN-1 IBH emissions technology, which enables Frame 5-2 gas turbines running at partial load to meet new NOx emission standards, has been certified as a GE ecomagination service offering...
GE Recalls Dryers Due to Shock Hazard
The U.S. Consumer Product Safety Commission and General Electric Co. on Monday recalled about 2,100 GE gas clothes dryers because a short circuit could cause a shock hazard...
GE Recalls Gas Dryers Due to Shock Hazard
GE is recalling about 2,100 GE gas clothes dryers. A short circuit in the dryer's wiring poses a shock hazard to consumers with ungrounded dryers. The recalled gas dryers are 42 inches tall (back with backsplash) and 27 inches wide, and were sold in white. GE gas dryers model number DWXR463GGWW with serial numbers starting with AM, TL, SL, VL, and ZL are included in this recall. To find the model and serial numbers, open the dryer door and look in the upper right corner, in the area that was covered by the door....
Saudi Basic says confident in its $11.6 bln GE buy
Saudi Basic Industries Corp 2010.SE, whose run of record profits ended in the fourth quarter as U.S. chemicals demand faltered, said it remained confident in its $11.6 billion 2007 buy of GE's plastics unit...
GE Recalls Dryers Due to Shock Hazard
The U.S. Consumer Product Safety Commission and General Electric Co. on Monday recalled about 2,100 GE gas clothes dryers because a short circuit could cause a shock hazard...
GE Recalls Gas Dryers Due to Shock Hazard
GE is recalling about 2,100 GE gas clothes dryers. A short circuit in the dryer's wiring poses a shock hazard to consumers with ungrounded dryers. The recalled gas dryers are 42 inches tall (back with backsplash) and 27 inches wide, and were sold in white. GE gas dryers model number DWXR463GGWW with serial numbers starting with AM, TL, SL, VL, and ZL are included in this recall. To find the model and serial numbers, open the dryer door and look in the upper right corner, in the area that was covered by the door....
Saudi Basic says confident in its $11.6 bln GE buy
Saudi Basic Industries Corp 2010.SE, whose run of record profits ended in the fourth quarter as U.S. chemicals demand faltered, said it remained confident in its $11.6 billion 2007 buy of GE's plastics unit...
Friday, February 8, 2008
Recent News: Digital Cameras, Aircraft Engines, Spain Colonial, Navy Contract, and GE Oil & Gas
RadioShack Adds Two New Models to its GE Digital Camera Lineup
General Imaging, the worldwide exclusive licensee for GE-branded digital cameras, and RadioShack Corporation today announced the consumer electronics retailer will add two new models to its GE lineup...
Safran, GE to offer 'green' engine by 2015
engine manufacturing unit Snecma and its US partner General Electric should be ready to offer a 'green' aircraft engine by 2015, Snecma vice president commercial aircraft Francois Planaud said...
Two main Colonial shareholders agree to sell if ICD bids
The two main shareholders in Spanish property firm Colonial have agreed to sell their stakes to Dubai's sovereign wealth fund if it decides to bid, the Investment Corporation of Dubai said on Friday...
GE Unit Wins $193M Navy Contract
A unit of General Electric Co. received a $193 million contract to repair, replace and support engine components for Navy aircraft, the Defense Department said late Thursday...
Power Creative signs GE and ResCare divisions
Louisville-based advertising firm Power Creative has signed GE Security and ResCare HomeCare as clients, the firm announced....
Colonial rejects opening books to GE on confidentiality concerns - report UPDATE
Inmobiliaria Colonial SA has rejected opening its books to General Electric -- at least for the moment -- because it is not able to ensure confidentiality, Cinco Dias reported, citing unnamed sources....
Erdoğan meets with Sabancı, GE chairs
Prime Minister Recep Tayyip Erdoğan hosted a 45-minute meeting yesterday with General Electric CEO and Chairman Jeffrey R. Immelt and Sabancı Holding Chairman Güler Sabancı at his office in Ankara...
GE to supply compressor technologies to QAFCO
GE Oil & Gas has signed a letter of intent (LOI) the Qatar Fertilizer Company (QAFCO) for the supply of gas turbine and compressor technology...
General Imaging, the worldwide exclusive licensee for GE-branded digital cameras, and RadioShack Corporation today announced the consumer electronics retailer will add two new models to its GE lineup...
Safran, GE to offer 'green' engine by 2015
engine manufacturing unit Snecma and its US partner General Electric should be ready to offer a 'green' aircraft engine by 2015, Snecma vice president commercial aircraft Francois Planaud said...
Two main Colonial shareholders agree to sell if ICD bids
The two main shareholders in Spanish property firm Colonial have agreed to sell their stakes to Dubai's sovereign wealth fund if it decides to bid, the Investment Corporation of Dubai said on Friday...
GE Unit Wins $193M Navy Contract
A unit of General Electric Co. received a $193 million contract to repair, replace and support engine components for Navy aircraft, the Defense Department said late Thursday...
Power Creative signs GE and ResCare divisions
Louisville-based advertising firm Power Creative has signed GE Security and ResCare HomeCare as clients, the firm announced....
Colonial rejects opening books to GE on confidentiality concerns - report UPDATE
Inmobiliaria Colonial SA has rejected opening its books to General Electric -- at least for the moment -- because it is not able to ensure confidentiality, Cinco Dias reported, citing unnamed sources....
Erdoğan meets with Sabancı, GE chairs
Prime Minister Recep Tayyip Erdoğan hosted a 45-minute meeting yesterday with General Electric CEO and Chairman Jeffrey R. Immelt and Sabancı Holding Chairman Güler Sabancı at his office in Ankara...
GE to supply compressor technologies to QAFCO
GE Oil & Gas has signed a letter of intent (LOI) the Qatar Fertilizer Company (QAFCO) for the supply of gas turbine and compressor technology...
Monday, February 4, 2008
Recent News: GE Money India, GE Capital Europe, GE Sensing & Inspection Technologies, Gas Turbine Engines, GE Oil & Gas, GE Energy (Wind), Healthcare
GE Money India names new CEO
In the midst of inducting a new strategic partner for its personal loan and mortgage business, GE Money India on Wednesday named Iqbal Singh as its new CEO, and said it expects to close the deal in 6-8 months...
GE unit to sell 18-month FRN on Wednesday -lead
GE Capital European Funding, guaranteed by GE Capital Corp, plans to sell an 18-month floating-rate note later on Wednesday, said an official at one of the lead managers...
New Corrosion-Resistant, Submersible Level Probe From GE
GE Sensing & Inspection Technologies, a unit of GE Enterprise Solutions (NYSE: GE), has introduced a new corrosion-resistant, submersible level probe that offers a reliable, accurate and economical solution to level measurement in a wide variety of applications. The new SLP has been developed to allow trouble-free operation in tasks ranging from level measurement in single tanks to multiple-point level data gathering in high value commodity storage facilities...
GE Frame 9FB Gas Turbines Surpass 8,000 Hours At Iberdrola’s Arcos III Plant
A GE 209FB combined-cycle system has surpassed 8,000 operating hours at CCC Arcos de la Frontera Grupo III (Arcos III) in Cadiz, Spain, the commercial launch site for GE’s 50-hertz, 9FB gas turbine technology. In commercial operation since March 2006, the Arcos III plant is owned by Spanish energy producer Iberdrola Generacion S.A. and is generating approximately 810 megawatts of power for the Spanish electricity grid. The 8,000-hour mark is considered an industry milestone...
GE Oil & Gas,StatoilHydro Pen Frame Deals For $300 Million
GE Oil & Gas unit secured two frame agreements to supply compression equipment and services to StatoilHydro, for more than $300 million total...
GE Money India seeks partners for personal loans, mortgage biz
GE Money India is scouting for a strategic partner for its wholly-owned personal loans and mortgage businesses, the newly appointed CEO and President, Mr Iqbal Singh has said...
New Corrosion-Resistant, Submersible Level Probe From GE
GE Sensing & Inspection Technologies, a unit of GE Enterprise Solutions (NYSE: GE), has introduced a new corrosion-resistant, submersible level probe that offers a reliable, accurate and economical solution to level measurement in a wide variety of applications. The new SLP has been developed to allow trouble-free operation in tasks ranging from level measurement in single tanks to multiple-point level data gathering in high value commodity storage facilities....
GE Energy reinforces leadership position in U.S. wind industry
GE Energy reinforced its position as North America’s leading supplier of wind turbines in 2007, with another record-breaking year for the U.S. wind industry...
GE Healthcare invests in ICL-managed Shefa
GE Healthcare, a $17 billion business of General Electric Company (GE), yersterday announced an investment in Shefa Healthcare Fund (SHF) managed by Injazat Capital Limited (ICL)...
In the midst of inducting a new strategic partner for its personal loan and mortgage business, GE Money India on Wednesday named Iqbal Singh as its new CEO, and said it expects to close the deal in 6-8 months...
GE unit to sell 18-month FRN on Wednesday -lead
GE Capital European Funding, guaranteed by GE Capital Corp, plans to sell an 18-month floating-rate note later on Wednesday, said an official at one of the lead managers...
New Corrosion-Resistant, Submersible Level Probe From GE
GE Sensing & Inspection Technologies, a unit of GE Enterprise Solutions (NYSE: GE), has introduced a new corrosion-resistant, submersible level probe that offers a reliable, accurate and economical solution to level measurement in a wide variety of applications. The new SLP has been developed to allow trouble-free operation in tasks ranging from level measurement in single tanks to multiple-point level data gathering in high value commodity storage facilities...
GE Frame 9FB Gas Turbines Surpass 8,000 Hours At Iberdrola’s Arcos III Plant
A GE 209FB combined-cycle system has surpassed 8,000 operating hours at CCC Arcos de la Frontera Grupo III (Arcos III) in Cadiz, Spain, the commercial launch site for GE’s 50-hertz, 9FB gas turbine technology. In commercial operation since March 2006, the Arcos III plant is owned by Spanish energy producer Iberdrola Generacion S.A. and is generating approximately 810 megawatts of power for the Spanish electricity grid. The 8,000-hour mark is considered an industry milestone...
GE Oil & Gas,StatoilHydro Pen Frame Deals For $300 Million
GE Oil & Gas unit secured two frame agreements to supply compression equipment and services to StatoilHydro, for more than $300 million total...
GE Money India seeks partners for personal loans, mortgage biz
GE Money India is scouting for a strategic partner for its wholly-owned personal loans and mortgage businesses, the newly appointed CEO and President, Mr Iqbal Singh has said...
New Corrosion-Resistant, Submersible Level Probe From GE
GE Sensing & Inspection Technologies, a unit of GE Enterprise Solutions (NYSE: GE), has introduced a new corrosion-resistant, submersible level probe that offers a reliable, accurate and economical solution to level measurement in a wide variety of applications. The new SLP has been developed to allow trouble-free operation in tasks ranging from level measurement in single tanks to multiple-point level data gathering in high value commodity storage facilities....
GE Energy reinforces leadership position in U.S. wind industry
GE Energy reinforced its position as North America’s leading supplier of wind turbines in 2007, with another record-breaking year for the U.S. wind industry...
GE Healthcare invests in ICL-managed Shefa
GE Healthcare, a $17 billion business of General Electric Company (GE), yersterday announced an investment in Shefa Healthcare Fund (SHF) managed by Injazat Capital Limited (ICL)...
Thursday, January 31, 2008
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...
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...
