Showing posts with label GE Sensing Inspection. Show all posts
Showing posts with label GE Sensing Inspection. Show all posts

Wednesday, April 9, 2008

Recent News: Annual Meeting, GE Sensing Inspection, Short Interest in GE, GE Money, Karan Bhatia, Airline Regulators - GE Aviation, Fluorescent Bulbs

Airport prepares for arrival of GE's jets, corporate pilots
Erie International Airport officials are trying to make sure the red carpet reaches all the way to the tarmac when visitors fly in for General Electric Co.'s annual shareholders meeting this month."Our service is going to be top-notch," said Joe Ceresa, line service manager at North Coast Air, the company that sells fuel and serves private planes at Erie International....

GE offering new humidity and temperature sensor
On April 3, GE Sensing & Inspection Technologies announced ChipCap, a next-generation relative humidity and temperature sensor for the HVAC, automotive, medical and appliance industries. Overall, ChipCap can reduce the cost of humidity and temperature sensor integration by 50 percent or more. The product is fully factory calibrated, eliminating end user calibration, the costly calibration process and need for expensive calibration equipment. This can ultimately save the end user $30,000 to $50,000 in capital equipment costs and even more in calibration labor...

A short interest increase at GE, a bet against economy?
The short interest in General Electric rose sharply in the period ending March 31. The number compares to share short for March 14. GE's short interest rose 13 million shares to 57.9 million. GE's stock has been doing relatively well recently. It has moved up 3% over the past three months while the S&P has fallen over 5%. Shares in the company are still considered a "safe haven" for investors when the economy is in poor condition....

GE consumer finance unit gives up on U.S. consumer
GE Money, the consumer finance arm of U.S.- based based industrial stalwart General Electric, is pulling back from doing business in its homeland, where it sees scant growth opportunities, to further expand its global footprint. The subsidiary, founded in the 1930s to finance home appliances during the Great Depression, already operates in more than 55 countries. But with growth in the U.S. at a standstill, it has been forced to refocus on other areas to boost returns....

Karan Bhatia lands top job in GE
Former senior Bush administration official Karan Bhatia has landed a top job with General Electric. He has been named vice president and senior counsel in the conglomerate's international law and policy division...

Banco Santander to acquire GE Money’s UK motor finance and card businesses
The Spanish Banco Santander has agreed to buy GE Money’s automotive finance unit in the UK together with GE Money businesses in Germany, Finland and Austria. In turn, GE Commercial Finance will acquire Interbanca, the Italian commercial bank acquired by Santander as part of its joint acquisition of the Dutch bank ABN Amro with Fortis and RBS...

Airline Regulators Grapple With Engine-Shutdown Peril
As a Qatar Airways flight dodged thunderstorms on approach to Shanghai in 2006, it encountered a problem that, until recently, was considered virtually impossible: nearly four miles above the earth, both engines of the big Airbus A330 shut down at the same time.
The engines quickly restarted and the pilots managed a safe landing. But the incident, along with similar ones before it, set off alarm bells throughout the industry because of the cause: ice inside the engines....

FYI: GE says small fluorescent bulbs can be trashed
Fluorescent light bulbs (compact and long tube type) have become popular ways of saving money on the electric bill. How can they be disposed of safely?...

Thursday, April 3, 2008

Recent News: Green Effie Awards, Navy Contract, GE Money, GE Sensing & Inspections, GE Aviation, and New Water Heater

GE, HSBC, Wal-Mart To Get Green Effie Awards
INAUGURAL WINNERS OF THE GREEN Effie Award, which honors effective eco-marketing, were announced today. Winning campaigns for GE, HSBC and Wal-Mart will receive gold, silver and bronze awards in June...

Navy contract gives new life to old GE plant
The ceremonial groundbreaking for a testing facility for electric turbines got the full silver-spade treatment in Fitchburg last week — and with good reason. The $2.1 million facility brings the city another step toward healing the economic and psychological scars left by the closing of the General Electric steam turbine plant a decade ago...

GE Money buys AgroConsult Bohemia
The financial group GE Money, which comprises GE Money Bank, among others, bought 100 percent of consulting company AgroConsult Bohemia, which it believes will reinforce consulting services in the field of European Union and state budget subsidies, the bank said in a press release Wednesday...

GE Opens Non-Destructive Testing Display
Today, GE Sensing & Inspection Technologies opens its customer display area at GE Aviation’s Customer Technical Education Center (CTEC) in Cincinnati, Ohio. CTEC is GE Aviation's state-of-the art training facility, with a full-time staff of instructors who provide engine maintenance training for customer personnel...

GE's New Water Heater Could Kill 30 Coal Plants
Y'know what's dumb...until today, Energy Star didn't regulate water heaters at all. They're the most energy-hungry single appliance in the home, and are responsible for about 17% of residential energy use. But because of a lack of consensus on how they should be regulated, and resistance from industry, their efficiency went completely unregulated....

Thursday, February 28, 2008

Recent News: GE Sensing & Inspection in Abu Dhabi, GE Healthcare, SmartCommand Envirodashboard, and Accounting Probe

GE Sensing & Inspection Technologies Opens Middle East's First Dedicated Service and Training Centre in Abu Dhabi
GE Sensing & Inspection Technologies, part of GE Enterprise Solutions opened its first dedicated calibration, repair and training service centre in Abu Dhabi today at the CERT Technology Park. Nabil Habayeb, President and CEO of GE, Middle East and Africa opened the service and training facility in the presence of Tim Povall, Global General Manager, GE Measurement Solutions, and Dr. Bob Richards, CEO, CERT Technology Park...

GE Healthcare Announces First Deployment of ApexPro FH Telemetry System on CARESCAPE Enterprise Access at Memorial Hospital North
GE Healthcare announced today that Memorial Hospital North is the first healthcare institution to deploy ApexPro® FH, a spread-spectrum frequency hopping telemetry system, on its CARESCAPE™ Enterprise Access™ in-building wireless platform. The solution provides the hospital with a single, integrated, wireless platform that enables critical patient data to be securely coordinated, managed and distributed without the communications failures, interference or interruptions associated with un-integrated systems...

GE’s SmartCommand Envirodashboard
Hi everyone. I wanted to share with you a brief video highlighting some very cool features we are building into one of our newest eco-products, a new energy and water monitoring dashboard. GE’s SmartCommand Envirodashboard is user-interface panel, or smart panel, as it has been described in the news, which keeps track of energy and water consumption in the home or office. At the Research Center, we’re developing new features that will enable more active power and water management by a home...

GE to adjust accounting to end regulator probe: report
U.S. conglomerate General Electric Co is expected to make changes to its accounting policies in a bid to end a U.S. Securities and Exchange Commission probe, the Wall Street Journal reported on Tuesday citing people familiar with the situation....

Friday, February 15, 2008

Recent News: Jet Engines, GE Capital, GE Commerical Finance, Wind Power, Coal Research,

Congress may restore funding for GE-Rolls Royce fighter engine
The chairman of a key defense subcommittee in the U.S. House of Representatives predicted that Congress would restore funding for an alternative fighter engine being developed by GE Aviation and Rolls-Royce, Reuters news agency reported Wednesday. A proposed White House defense budget released last week would cancel funding for the F136 engine, which is intended to compete with a Pratt & Whitney engine to power the F-35, or Joint Strike Fighter. The F-35 is being developed in multiple versions by Lockheed Martin Corp...

GE Capital Solutions, Franchise Finance Helps Sizzling Platter Grow with $58 Million Loan
Sizzling Platter, LLC., a multi-concept operating company with 37 restaurants, is refinancing existing debt, developing new units, and acquiring a Salt Lake City-based 51 unit Little Caesars Pizza franchisee with a senior-term debt loan and revolving line of credit from GE Capital Solutions, Franchise Finance.

GE Provides $425 Million Credit Facility to Mobilitie
GE Commercial Finance's Media, Communications & Entertainment business today announced it has provided a $425 million senior secured credit facility to Mobilitie, the owner of telecommunications towers located across the United States and a portfolio company of Oaktree Capital Management. GE - Media, Communications & Entertainment served as administrative agent and GE Capital Markets acted as joint bookrunner and joint lead arranger with TD Securities for the facility. The facility will be used to support the acquisition of additional towers and deployment of other wireless infrastructure assets....

GE: Plenty of Tailwinds for Wind Power
GE, the biggest U.S. maker of wind turbines, told Reuters yesterday that 2008 revenues from turbine sales could approach $6 billion (HT: Solve Climate.) That could mean as much as 4.2 gigawatts of turbines in 2008, if order-book prices from market-leader and price-setter Vestas are any guide. How much is that? Almost as much wind power as the U.S. installed last year. Or, about 20% of last year’s record-breaking installation. Or, just under 5% of all the wind power installed in the world today...

UW, GE team up to develop advanced coal technology centerSource
GE Energy announced today that it has signed a letter of intent with the University of Wyoming, countersigned by Gov. Dave Freudenthal, for the development of an advanced gasification research and technology center in Wyoming.The proposed center would consist of a small scale gasification system that would allow UW and GE researchers to develop advanced coal gasification technology solutions for Wyoming coals...

GE Sensors Help Control Ventilation in Schools
GE Sensing & Inspection Technologies, a unit of GE Enterprise Solutions (NYSE:GE), is helping schools control their ventilation and outdoor air supply. “Maintaining proper air quality in schools is an important part of maintaining a comfortable, healthy, productive environment for students and faculty,” said Rod Valenta, General Manager of GE Sensing & Inspection Technologies’ Telaire division...

Tuesday, February 12, 2008

Recent News: GE Gas Turbines, Jet Engine Demand, Bob Nardelli, GE Money, GE Commerical Finance, and GE Fanuc

IEC picks GE gas turbines despite higher cost: IEC: Siemens did not meet the tender terms
Sources inform "Globes" that Israel Electric Corporation (IEC) wants to buy gas turbines from General Electric Company for its Ramat Hovav power station even though it received cheaper bids from Siemens AG. However, some IEC executives question this position ahead of the board of directors' final decision on the issue next month...

Jet engine demand soaring at GE plant
Strong demand for jet engines helped to propel General Electric Co. to a 15 percent profit increase in the fourth quarter, the company recently reported...

ACT 3: Nardelli follows script from Home Depot, GE
Think of it as "Nardelli, the Sequel." And like in many big-budget follow-ups, Bob Nardelli, six months into his role as Chrysler LLC's top executive, is following much of the same storyline from his days of running Home Depot. Both at Home Depot and Chrysler, General Electric veteran Nardelli set out to rapidly change corporate culture by shaking up the top executive ranks and bolstering the role of the human resources department. He put greater emphasis on inventory management and customer satisfaction and working to expand global operations...

GE Money seeks ally for mortgage business
GE Money India is looking for a strategic partner to drive scale just as it did with the State Bank of India (SBI) for its card business. It is trying to replicate its card model in its joint venture with Wizard Home Loans, a non-banking finance company from Australia...

GE Sensing acquiresRheonik Coriolis meters
GE Sensing and Inspection Technologies is to acquire Rheonik, a leading manufacturer of high accuracy Coriolis mass flowmeters used in the oil and gas, process and power industries...

GE Acquires Sole Ownership of East Asia GE Commercial Finance
GE Commercial Finance today announced that it has entered into a definitive agreement to become the sole shareholder of East Asia GE Commercial Finance (EAGE). In 2001, GE acquired a 50 percent equity interest in EAGE. Under the terms of the new definitive agreement, EAGE, with the support of GE, will repurchase the remaining 50 percent of its outstanding equity interest from Bank of East Asia. Acquiring sole ownership of EAGE is a key step towards executing GE's long-term strategy for the Greater China market...

GE CNC units programmed directly onsite
With Manual Guide i, the current Fanuc GE CNC controllers can be directly programmed onsite in a simple manner - regardless of whether turning, milling or combining machining processes...

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)...

Friday, January 4, 2008

Recent News: GE Energy, PHH, and GE Sensing & Inspection

GE Energy moves to former Xerox building
GE Energy Financial Services plans to move into the 275,000-square-foot former Xerox Corp. headquarters at 800 Long Ridge Road in Stamford about a year from now, the building's owner said...

PHH receives $50 mln after deal falls through
Mortgage and vehicle fleet company PHH Corp said on Friday it received a $50 million termination fee from Blackstone Capital Partners, a fund affiliated with buyout firm Blackstone Group, after a deal to buy the company fell apart...

GE division's acquisition of German firm expands its sensor tech
A Billerica-based division of General Electric Co. has agreed to acquire, for an undisclosed amount, a German maker of high accuracy Coriolis mass flowmeters...

Recent Press Release: GE Sensing & Inspection Technologies

GE Sensing & Inspection Technologies to acquire Rheonik
GE Sensing & Inspection Technologies has signed a definitive agreement to acquire Rheonik, a leading manufacturer of high accuracy coriolis mass flowmeters used in the oil & gas, process and power industries. The transaction, terms of which are not being disclosed

Recent News: Oil & Gas, Google GOOG-411, Aerospace, GE Energy, GE Healthcare, and GE Capital Transportation

GE Sensing & Inspection to buy Germany's Rheonik
General Electric Co unit GE Sensing & Inspection Technologies said it will buy Rheonik, a Munich-based maker of flowmeters used in the oil & gas...

Thomson Partners With Google To Integrate GOOG-411 Button Into GE-branded DECT 6.0 Phones
Thomson S.A. said Thursday that it has partnered with Google Inc. to integrate the one-touch, auto-dial GOOG-411 button into many of its latest GE-branded DECT 6.0 Interference...

Barnes Group Signs New Agreement With GE
Barnes Group Inc., an aerospace and industrial components manufacturer, said Thursday its aerospace segment signed a new deal with General Electric Co. to supply...

GE Energy Releases Oracle-Based Geospatial Solution For Electric Distribution Utilities
E Energy has announced the availability of its new geospatial network design and maintenance product portfolio built using Oracle® Database, Oracle Spatial and Oracle Fusion Middleware...

Before the bell: AAPL, F, MRK, NFLX, GE
The Weather Channel is up for sale. The channel, privately held, could fetch up to $5 billion according to reports. The potential buyers include...

InfoLogix Hires Former GE Healthcare Executive Kelly Barland as Senior Director of Professional Services
InfoLogix, Inc., a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, announced today that it has hired seasoned healthcare consulting...

ICRA reaffirms rating on GE Capital Transportation`s CP programme
Leading credit rating agency, ICRA reaffirmed the A1+ rating to the enhanced Rs 9 billion (from Rs 7 billion) commercial paper (CP) programme of GE Capital Transportation Financial Services, indicating highest credit quality in the short term...