GE enters home health care monitoring market
GE Healthcare, a business of General Electric Co., is entering a potential $5 billion international market providing health monitors for the elderly who live alone. GE Healthcare announced Wednesday an agreement with privately held Living Independently Group Inc., a provider of a wireless monitoring system to distribute monitors to seniors and develop new applications....
Former GE Boss Jack Welch Predicts Deep Economic Downturn
Former General Electric Co. chairman and chief executive Jack Welch said Wednesday that the U.S. was in for "one hell of a deep downturn." He urged swift and decisive action to confront the current financial crisis, expressing support for the $700-billion financial relief package proposed by the Bush administration....
GE gets $15M engine contract by Defense Department
The Defense Department has awarded a $15 million contract to a division of General Electric Co. for work on aircraft engine parts....
General Electric revises 3Q, full-year outlook
General Electric has lowered its outlook for third-quarter and full-year earnings, citing unprecedented weakness and volatility in the financial services markets. The company also has reaffirmed its commitment to maintaining a 'AAA' credit rating, and is taking steps to bolster its capital and liquidity position....
Immelt: Things Will Turn Around
After dropping more than 4% in early trading, GE shares were up nearly 4% at midday, after General Electric CEO Jeff Immelt said the credit storm has been rough on the company but won't sink it. Immelt emphasized during a (General Electric-owned) CNBC appearance that his company is "not in the credit default swap business," helping to alleviate fears--for now--that the company's problems with its GE Capital unit will plague it for the long haul...
Jeff Zucker says GE committed to NBC Uni
NBC Universal president and CEO Jeff Zucker reiterated the strength of parent GE's commitment to the media company Friday, calling it "profound" despite the recent financial turmoil and the profit warning issued Thursday by GE."I think it's looking at it backwards," he said, when asked whether GE was under renewed pressure to sell NBC because of the tightening of liquidity in financial markets....
Generally Weaker GE
GENERAL ELECTRIC PREANNOUNCED third-quarter earnings per share Thursday with a new range of 43 cents-48 cents down from prior guidance of 50 cents-54 cents. The company also lowered fiscal 2008 EPS guidance to $1.95-$2.10 from $2.20-$2.30....
Iraq signs bln-dollar power deals with GE, Siemens
Iraq has signed preliminary deals worth billions of dollars with General Electric Co and Siemens for equipment to almost double electricity generation capacity, an energy official said on Saturday....
GE gets cautious
When Jack Welch said his protégé, Jeff Immelt, was "getting his ass kicked" following a profit warning this year, the General Electric boss could console himself by pointing to a steady rise in cash returns to shareholders through dividends and buybacks. Yesterday's warning, accompanied by the suspension of buybacks and the first dividend freeze in 32 years, leaves Mr Immelt under more pressure than at any time since he took the reins in 2001....
GE: Betting on a Global Growth Story
Buying GE (GE)...safe 5% yield and 10 times earnings....picked up some for $24.77 a share Friday morning. I first became really interested in GE when shares hit $23 and change but did not pull the trigger. On Thursday, GE lowered guidance for the quarter and the year. Not a real surprise given conditions out there but two questions I had were answered. Was the dividend safe, and was its 'AAA' rating safe? The answer to both was yes....
Showing posts with label Global. Show all posts
Showing posts with label Global. Show all posts
Sunday, September 28, 2008
Recent News: GE Healthcare, Jack Welch, Defense Department Contract, Outlook, Jeff Immelt, Jeff Zucker, NBC Universal. Iraq Power, Global Growth
Friday, September 12, 2008
Recent News: India Acquisitions
GE eyes acquisitions in India
New Delhi, Sept. 10 General Electric Co (GE) is scouting for acquisitions to scale up its presence in India. The diversified engineering and services major is looking across a gamut of sectors for opportunities to acquire firms, especially the core infrastructure, healthcare and the media space. “We are looking across the board for opportunities (for acquisitions). Core infrastructure is definitely an area where we are evaluating options, while healthcare, and media space could also be other possible areas,” Mr Tejpreet S. Chopra, President and Chief Executive Officer, GE (India), told Business Line. He said the targets could include suppliers and customers in these sectors...
General Electric scouts for acquisitions in India
General Electric (GE) is eyeing for acquisitions to increase its presence in India. The diversified engineering and services major is looking across a gamut of sectors for opportunities to acquire firms, especially the core infrastructure, healthcare and the media space, reports Business Line...
New Delhi, Sept. 10 General Electric Co (GE) is scouting for acquisitions to scale up its presence in India. The diversified engineering and services major is looking across a gamut of sectors for opportunities to acquire firms, especially the core infrastructure, healthcare and the media space. “We are looking across the board for opportunities (for acquisitions). Core infrastructure is definitely an area where we are evaluating options, while healthcare, and media space could also be other possible areas,” Mr Tejpreet S. Chopra, President and Chief Executive Officer, GE (India), told Business Line. He said the targets could include suppliers and customers in these sectors...
General Electric scouts for acquisitions in India
General Electric (GE) is eyeing for acquisitions to increase its presence in India. The diversified engineering and services major is looking across a gamut of sectors for opportunities to acquire firms, especially the core infrastructure, healthcare and the media space, reports Business Line...
Thursday, July 24, 2008
Blogging Stocks: Recent General Electric News and Opinion
Insider is bullish on General Electric's stock -- should you be?
If you ask me, General Electric is being priced as if the Cloverfield monster will be attacking Wall Street any day now. Thank goodness that an insider apparently thinks that GE is a great buy at these levels. According to the AP, vice chairman Michael A. Neal purchased 35,000 shares this past Wednesday. The price? $29.99 per share. Not bad. At $29.99, GE's stock sports a nice, juicy dividend yield of 4.1%. I was pretty happy when I read this piece of news because, frankly, I've been wrong about GE...
General Electric (GE): A 'global juggernaut'
Despite negative analyst commentary, General Electric is one of the biggest and best blue-chip stocks," says Karim Rahemtulla. The contributing editor to The Oxford Club looks at the "global juggernaut." "It's now more crucial than ever that your portfolio holdings are well-diversified, and GE is arguably the most diversified company in the world, with exposure to a plethora of sectors....
If you ask me, General Electric is being priced as if the Cloverfield monster will be attacking Wall Street any day now. Thank goodness that an insider apparently thinks that GE is a great buy at these levels. According to the AP, vice chairman Michael A. Neal purchased 35,000 shares this past Wednesday. The price? $29.99 per share. Not bad. At $29.99, GE's stock sports a nice, juicy dividend yield of 4.1%. I was pretty happy when I read this piece of news because, frankly, I've been wrong about GE...
General Electric (GE): A 'global juggernaut'
Despite negative analyst commentary, General Electric is one of the biggest and best blue-chip stocks," says Karim Rahemtulla. The contributing editor to The Oxford Club looks at the "global juggernaut." "It's now more crucial than ever that your portfolio holdings are well-diversified, and GE is arguably the most diversified company in the world, with exposure to a plethora of sectors....
Saturday, June 28, 2008
Recent News: Water, Appliances - LG, NBC - Weather Channel, GE Aviation, Global Growth, Ratings, Santander, and GE Energy Financial Services
GE eyes world's next big worry: water
Surging oil prices have captured the attention of consumers and leaders around the globe, but General Electric Co. is already on to what it thinks will be the world's next big worry -- water. The company said on Wednesday it aims to cut its water usage 20 percent by 2012, a move that should reduce its annual operating costs by $15 million to $20 million....
LG Electronics says no decision on possible GE appliance unit bid
LG Electronics Inc. said Wednesday it has made no decisions on a possible bid for General Electric Co.'s appliance unit....
LG is a leading contender to buy GE appliance unit
General Electric named LG Electronics of South Korea on Wednesday as one of the leading contenders to buy its appliance business, which is valued at $4 billion to $8 billion.
Major Asian appliance makers like Haier Electronics Group of China and LG have been cited as likely bidders since GE said earlier this month that it may part with its century-old appliances unit. The unit had 2007 revenues of $7.2 billion....
Suitors line up for GE appliances
General Electric (GE) has named four companies it says are interested in buying its household appliances unit. It cited LG Electronics, China's Haier, Mabe of Mexico and Arcelik of Turkey as possible bidders for the unit, whose products include fridges and toasters. The US industrial giant said last month that it was likely to stop making household appliances after more than a century in the business...
Report: NBC U (GE) Bidding $3.5 Billion For Weather Channel
When Landmark first put Weather Channel on the block in January, the asking price floated was $5 billion. Now the leading bidder for the cable channel and Web site, a consortium including NBC U (GE), Blackstone Group and Bain Capital, is offering $3.5 billion, roughly half of which, or $1.8 billion, is equity, according to Reuters. Blackstone's GSO Capital is also putting in $600 million....
Four communities in running for GE facility
A planned 400,000-square-foot, $75 million GE Aviation engineering facility will be located in one of four locations, possibly West Chester Twp. Just who winds up with the prize may come down to aggressive salesmanship. ExtrasGE spokesman Rick Kennedy said West Chester Twp., Evendale, Springdale and a location in Boone County, Ky., are the potential homes of a consolidated office that will house almost 1,600 GE Aviation employees with a total annual payroll of about $140 million....
Nippon Takes Delivery Of GE's 1st Upgraded CF6-80C2 Engine
Nippon Cargo Airlines recently took delivery of its first General Electric CF6-80C2 engines incorporating a new, high-pressure turbine upgrade. The turbine upgrade, part of GE's new Tech CF6 program, was installed in engines for the airline's new Boeing 747-400F aircraft. Nippon Cargo ordered four 747-400F aircraft, and the first was delivered today. The remaining three will be delivered between now and February 2009...
If GE Thinks Globally, Shouldn't You?
It's hard enough keeping tabs on suppliers and customers within your own area code. Networking and expanding overseas? That's for the big guys, right? Not necessarily. In the U.S., small businesses thrive in niches overlooked by the big corporations, and the same holds true in other countries. These days, as the American economy stumbles, looking beyond the U.S. may be the key to success....
General Electric shares could be a buy - Barron's
Shares of General Electric Co, the second largest U.S. company, have limited downside and investors can now make a better case for buying the stock, financial weekly Barron's reported in its June 2 edition....
GE, Santander finalize GE Money, Interbanca deal
General Electric Co. said on Monday its GE Commercial Finance unit finalized an agreement to acquire Banco Santander SA's Italian banking arm Interbanca, while the Spanish bank buys several GE Money businesses in Europe....
GE to seek partnerships in consumer credit segment in Italy
General Electric Co, after closing the deal to take over Interbanca SpA, is looking for further partnerships in Italy in the consumer credit segment, said Giuseppe Recchi, chairman of GE Italia in an interview with daily La Stampa....
GeoResources, GE unit team up on Oklahama reserves investment
GeoResources Inc. is teaming up with GE Energy Financial Services to invest up to $90.5 million to buy and develop proven producing oil and gas reserves in Oklahoma....
Surging oil prices have captured the attention of consumers and leaders around the globe, but General Electric Co. is already on to what it thinks will be the world's next big worry -- water. The company said on Wednesday it aims to cut its water usage 20 percent by 2012, a move that should reduce its annual operating costs by $15 million to $20 million....
LG Electronics says no decision on possible GE appliance unit bid
LG Electronics Inc. said Wednesday it has made no decisions on a possible bid for General Electric Co.'s appliance unit....
LG is a leading contender to buy GE appliance unit
General Electric named LG Electronics of South Korea on Wednesday as one of the leading contenders to buy its appliance business, which is valued at $4 billion to $8 billion.
Major Asian appliance makers like Haier Electronics Group of China and LG have been cited as likely bidders since GE said earlier this month that it may part with its century-old appliances unit. The unit had 2007 revenues of $7.2 billion....
Suitors line up for GE appliances
General Electric (GE) has named four companies it says are interested in buying its household appliances unit. It cited LG Electronics, China's Haier, Mabe of Mexico and Arcelik of Turkey as possible bidders for the unit, whose products include fridges and toasters. The US industrial giant said last month that it was likely to stop making household appliances after more than a century in the business...
Report: NBC U (GE) Bidding $3.5 Billion For Weather Channel
When Landmark first put Weather Channel on the block in January, the asking price floated was $5 billion. Now the leading bidder for the cable channel and Web site, a consortium including NBC U (GE), Blackstone Group and Bain Capital, is offering $3.5 billion, roughly half of which, or $1.8 billion, is equity, according to Reuters. Blackstone's GSO Capital is also putting in $600 million....
Four communities in running for GE facility
A planned 400,000-square-foot, $75 million GE Aviation engineering facility will be located in one of four locations, possibly West Chester Twp. Just who winds up with the prize may come down to aggressive salesmanship. ExtrasGE spokesman Rick Kennedy said West Chester Twp., Evendale, Springdale and a location in Boone County, Ky., are the potential homes of a consolidated office that will house almost 1,600 GE Aviation employees with a total annual payroll of about $140 million....
Nippon Takes Delivery Of GE's 1st Upgraded CF6-80C2 Engine
Nippon Cargo Airlines recently took delivery of its first General Electric CF6-80C2 engines incorporating a new, high-pressure turbine upgrade. The turbine upgrade, part of GE's new Tech CF6 program, was installed in engines for the airline's new Boeing 747-400F aircraft. Nippon Cargo ordered four 747-400F aircraft, and the first was delivered today. The remaining three will be delivered between now and February 2009...
If GE Thinks Globally, Shouldn't You?
It's hard enough keeping tabs on suppliers and customers within your own area code. Networking and expanding overseas? That's for the big guys, right? Not necessarily. In the U.S., small businesses thrive in niches overlooked by the big corporations, and the same holds true in other countries. These days, as the American economy stumbles, looking beyond the U.S. may be the key to success....
General Electric shares could be a buy - Barron's
Shares of General Electric Co, the second largest U.S. company, have limited downside and investors can now make a better case for buying the stock, financial weekly Barron's reported in its June 2 edition....
GE, Santander finalize GE Money, Interbanca deal
General Electric Co. said on Monday its GE Commercial Finance unit finalized an agreement to acquire Banco Santander SA's Italian banking arm Interbanca, while the Spanish bank buys several GE Money businesses in Europe....
GE to seek partnerships in consumer credit segment in Italy
General Electric Co, after closing the deal to take over Interbanca SpA, is looking for further partnerships in Italy in the consumer credit segment, said Giuseppe Recchi, chairman of GE Italia in an interview with daily La Stampa....
GeoResources, GE unit team up on Oklahama reserves investment
GeoResources Inc. is teaming up with GE Energy Financial Services to invest up to $90.5 million to buy and develop proven producing oil and gas reserves in Oklahoma....
Friday, March 28, 2008
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....
Friday, February 15, 2008
IHT: As sales for U.S. firms like GE go abroad, so do managers
As sales for U.S. firms like GE go abroad, so do managers
As soon as Jeffrey Immelt, General Electric's chairman, became chief executive in 2001, his foreign-based managers began pressing him to move some major operations overseas.
"They'd say, 'GE will never be really global until you do,' " Immelt recalled. For years, his reaction was, "That's really stupid; no need to do that." But his managers kept up the pressure, and Immelt figured that "with so much smoke, there must be a fire."
read more...
GE goes global, at last
If you’re interested in globalization, you can hardly ignore the experiences of General Electric. Claudia Deutsch has written a fascinating article about the giant company’s journey from skepticism, to facing up to globalization’s challenges, to becoming a truly global business....
As soon as Jeffrey Immelt, General Electric's chairman, became chief executive in 2001, his foreign-based managers began pressing him to move some major operations overseas.
"They'd say, 'GE will never be really global until you do,' " Immelt recalled. For years, his reaction was, "That's really stupid; no need to do that." But his managers kept up the pressure, and Immelt figured that "with so much smoke, there must be a fire."
read more...
GE goes global, at last
If you’re interested in globalization, you can hardly ignore the experiences of General Electric. Claudia Deutsch has written a fascinating article about the giant company’s journey from skepticism, to facing up to globalization’s challenges, to becoming a truly global business....
Sunday, December 9, 2007
Recent Press Releases: Aviation, Commercial Finance, Hispanic Forum, Energy, and Fanuc
GE Aviation Expands in Houghton Michigan
GE Aviation today announces an expansion for the University Development Center facility located in Houghton, Michigan. The new facility...
GE Commercial Finance Appoints Tom Regan to Head Sponsor Coverage for Media, Communications & Entertainment Business
GE Commercial Finance today announced it has appointed Managing Director, Thomas W. Regan, 48, to serve as group head of sponsor coverage for its Media, Communications & Entertainment...
GE Aviation Teams With L-3 for USAF KC-10 Aircraft Extension Program
GE Aviation recently signed an exclusive teaming agreement with L-3 Communications for the United States Air Force KC-10 AMP Aircraft Extension Program...
GE Hispanic Forum to Host U.S. Commerce Secretary Carlos M. Gutierrez at Discussion of the Benefits of Global Trade
Secretary Carlos M. Gutierrez will discuss the benefits of open markets to the economy in Los Angeles, CA, on Thursday, November 29, 2007 at the GE Hispanic Forum Leadership Summit. Secretary Gutierrez will be joined by Fabiola Sojet, national executive, GE Colombia...
GE Energy Solar Technology to Help Light Rockefeller Center Christmas Tree
GE Energy (NYSE: GE) has supplied 363 roof-mounted solar panels at the top of 45 Rockefeller Plaza in New York City that will help generate electricity for the first solar powered Rockefeller Center Christmas Tree. The Christmas tree is decorated with 30,000 new energy-efficient LED lights...
GE Fanuc Intelligent Platforms AdvancedTCA IP Packet Processor Blade Delivers Superior Price/Performance
Raising the price/performance bar yet again in demanding telecommunications applications, GE Fanuc Intelligent Platforms today announced the AT2-5800 IP Packet Processor Advanced TCA Blade. Featuring two high performance Cavium OCTEON™ Plus...
GE Aviation today announces an expansion for the University Development Center facility located in Houghton, Michigan. The new facility...
GE Commercial Finance Appoints Tom Regan to Head Sponsor Coverage for Media, Communications & Entertainment Business
GE Commercial Finance today announced it has appointed Managing Director, Thomas W. Regan, 48, to serve as group head of sponsor coverage for its Media, Communications & Entertainment...
GE Aviation Teams With L-3 for USAF KC-10 Aircraft Extension Program
GE Aviation recently signed an exclusive teaming agreement with L-3 Communications for the United States Air Force KC-10 AMP Aircraft Extension Program...
GE Hispanic Forum to Host U.S. Commerce Secretary Carlos M. Gutierrez at Discussion of the Benefits of Global Trade
Secretary Carlos M. Gutierrez will discuss the benefits of open markets to the economy in Los Angeles, CA, on Thursday, November 29, 2007 at the GE Hispanic Forum Leadership Summit. Secretary Gutierrez will be joined by Fabiola Sojet, national executive, GE Colombia...
GE Energy Solar Technology to Help Light Rockefeller Center Christmas Tree
GE Energy (NYSE: GE) has supplied 363 roof-mounted solar panels at the top of 45 Rockefeller Plaza in New York City that will help generate electricity for the first solar powered Rockefeller Center Christmas Tree. The Christmas tree is decorated with 30,000 new energy-efficient LED lights...
GE Fanuc Intelligent Platforms AdvancedTCA IP Packet Processor Blade Delivers Superior Price/Performance
Raising the price/performance bar yet again in demanding telecommunications applications, GE Fanuc Intelligent Platforms today announced the AT2-5800 IP Packet Processor Advanced TCA Blade. Featuring two high performance Cavium OCTEON™ Plus...
