GE-branded TVs make a comeback
More than two decades after exiting the television manufacturing business, General Electric Co. is entering a new joint partnership that will make GE-branded flat panel TVs that connect to the Internet. The giant conglomerate is granting the use of its brand for 10 years and taking a 49 percent stake in the venture with Tatung Co. of Taiwan to make liquid crystal displays that also play Internet videos....
GE, Taiwan's Tatung team up on HDTVs
US conglomerate General Electric announced on Tuesday that it had entered into a joint venture with Taiwan's Tatung Co. to produce innovative high-definition television sets. The joint venture, General Displays & Technologies (GDT), will "design, market and service GE-branded HDTVs" with the first sets hitting the market early next year, GE said in a statement....
Stormy Weather, Sunny Outlook For Rails; GE Touts ‘Boring’
It’s come to this: that financial services companies have to defend their portfolios by describing their asset mix as some version of American cheese on white bread with the crusts cut off. All in the service of blunting any worries that the exotic equals the suspicious in the minds of contemporary investors. Still, even going the Lake Woebogone route doesn’t always insulate a portfolio from the skeptics. Take General Electric (GE): the industrial conglomerate / slash / financial services giant (the latter operations fund nearly half the company’s profits these days) insisted in a Wall Street Journal article that its financial arm was loaded up with ”boring” assets...
US STOCKS-Financial worries, GE push Wall Street lower
U.S. stocks fell in choppy trading on Tuesday, led by a drop in shares of General Electric and lingering worries about the financial sector that derailed an advance spearheaded by technology companies....
Bernanke and Paulson, Google, GE, inflation
U.S. equity indices are slightly lower this morning. S&P 500 futures eased 1 point before the opening. Traders are waiting for testimonies by Federal Reserve Chairman Ben Bernanke and Treasury Secretary Hank Paulson in front of the Senate banking committee starting at 9:30 AM EDT. Several Democrat senators are expressing skepticism about the proposed rescue bill. Chances of approval of the bill by the end of this week have become diminished. Also, the bill could be “Christmas treed” with additional issues not directly related to the rescue program...
Opening View: General Electric Downgraded on Earnings Concerns
U.S. stock futures are lower this morning, pointing to a potentially negative start to the day. Taking a look at currencies and commodities, the greenback is higher against most of its foreign rivals, as gold and crude futures have pared recent gains. In focus this morning is the upcoming testimony of Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson, the latest earnings from homebuilder Lennar Corp. (LEN), a downgrade for blue chip General Electric (GE), and a warning for Washington Mutual (WM)...
General Electric cut to neutral by Merrill Lynch
General Electric Company was downgraded to neutral from buy and its price target slashed to $28 from $37.50 by Merrill Lynch, with the broker cutting its earnings estimate for...
Showing posts with label Google. Show all posts
Showing posts with label Google. Show all posts
Wednesday, September 24, 2008
Recent News: GE branded TVs, GE's 'boring' assets, Bernanke and Paulson, Inflation, and Analyst Dowdgrades
Tuesday, September 23, 2008
Recent News: Google - GE Energy Plan, Stock Performance, Price Target Lowered, and Reuters Summit
Google, General Electric back renewable energy, smart grid
Pushing forward any new technology project can be easier with Google on your side. That's why General Electric joined with the Internet behemoth in a joint effort to further consumer energy options and help America's electricity infrastructure...
General Electric's Drag
Triple-A-rated General Electric is best known for light bulbs and refrigerators, and it has long been among the bluest of blue chips stocks on Wall Street. But despite its industrial past, these days, GE is essentially a bank in drag. Of its $46.9 billion in second-quarter revenue, 40.7% came from its financial operations. On June 30, finance accounted for 82.1% of GE's company-wide assets....
GE's slide continues on financial unit worries
Shares of General Electric Co. dropped nearly 7 percent Wednesday, hurt by investor worries about its financial services unit amid the global credit crisis. Analyst C. Stephen Tusa Jr. of JPMorgan said in an investor note Wednesday that he expects GE's finance business to decline by between 5 percent and 10 percent next year. He previously said growth would be flat, but now says that estimate "looks unrealistic."...
GE And Google Announce '21st Century' Electricity System
Blaise Zerega says let the energy search begin. In a marriage of old and new economy, Google and GE today announced a partnership to promote sustainable energy. With the ongoing financial turmoil as a backdrop, both companies are coming together to collaborate on new, renewable technologies that could, ultimately, deliver energy independence and help our economy....
Target slashed on GE
The stock market can behave irrationally at times, but who wants to bet against it when it is in one of its moods? Not Nigel Coe, an analyst at Deutsche Bank, who slashed his 12-month price target on General Electric Co. to $28 (U.S.) a share from $33 – a 15 per cent cut...
Reuters Summit-GE sees surge in bankruptcies
General Electric Co expects U.S. demand for financing to help bankrupt companies restructure themselves to rise by five or six times this year as a credit crunch leaves a growing number of businesses scrambling for liquidity....
GE shares climb 10 percent in late trading
General Electric Co. shares rose 10 percent in late trading on Thursday, amid a broad rally in U.S. stocks after CNBC reported that the U.S. Treasury Department was working on a solution to the financial crisis....
Pushing forward any new technology project can be easier with Google on your side. That's why General Electric joined with the Internet behemoth in a joint effort to further consumer energy options and help America's electricity infrastructure...
General Electric's Drag
Triple-A-rated General Electric is best known for light bulbs and refrigerators, and it has long been among the bluest of blue chips stocks on Wall Street. But despite its industrial past, these days, GE is essentially a bank in drag. Of its $46.9 billion in second-quarter revenue, 40.7% came from its financial operations. On June 30, finance accounted for 82.1% of GE's company-wide assets....
GE's slide continues on financial unit worries
Shares of General Electric Co. dropped nearly 7 percent Wednesday, hurt by investor worries about its financial services unit amid the global credit crisis. Analyst C. Stephen Tusa Jr. of JPMorgan said in an investor note Wednesday that he expects GE's finance business to decline by between 5 percent and 10 percent next year. He previously said growth would be flat, but now says that estimate "looks unrealistic."...
GE And Google Announce '21st Century' Electricity System
Blaise Zerega says let the energy search begin. In a marriage of old and new economy, Google and GE today announced a partnership to promote sustainable energy. With the ongoing financial turmoil as a backdrop, both companies are coming together to collaborate on new, renewable technologies that could, ultimately, deliver energy independence and help our economy....
Target slashed on GE
The stock market can behave irrationally at times, but who wants to bet against it when it is in one of its moods? Not Nigel Coe, an analyst at Deutsche Bank, who slashed his 12-month price target on General Electric Co. to $28 (U.S.) a share from $33 – a 15 per cent cut...
Reuters Summit-GE sees surge in bankruptcies
General Electric Co expects U.S. demand for financing to help bankrupt companies restructure themselves to rise by five or six times this year as a credit crunch leaves a growing number of businesses scrambling for liquidity....
GE shares climb 10 percent in late trading
General Electric Co. shares rose 10 percent in late trading on Thursday, amid a broad rally in U.S. stocks after CNBC reported that the U.S. Treasury Department was working on a solution to the financial crisis....
Thursday, September 18, 2008
Recent News: GE Aviation, Bear Market Investors, Nigerian Power Project, and Google Energy News Conference
GE Aviation CEO Joyce adds senior position with parent firm
General Electric Co. has promoted David Joyce to senior vice president following his appointment in July as president and CEO of Evendale-based GE Aviation. Joyce, 51, was previously head of commercial engines since 2002...
GE Attracts Bearish Investors
As Wall Street struggled to come to grips with the blast of bad news from the financial sector Monday, options traders fixed their attention on General Electric Co. There was a whirl of activity in GE options on Monday, and trading spiked to six times the normal level. Investors showed a clear bias toward bearish contracts, picking up 301,000 calls that allow them to buy GE's stock and 442,000 puts that allow them to sell it, according to Trade Alert....
NIPP: We Didn’t Bribe Nigerian Officials – General Electric
General Electric (GE), the global infrastructure, technology, media and financial services company, yesterday absolved itself of any complicity in the scandal that rocked the National Integrated Power Project, NIPP, saying it carried out its obligations to the letter.Replying reporters' questions in Abuja on the role of the US-based company, President and CEO of GE International, Ferdinando Nani Beccalli, who was in Abuja for the first "GE Day" in Nigeria...
GE, Google plan news conference on energy plans
Energy conglomerate General Electric Co and Internet leader Google Inc plan to hold a news conference shortly on unspecified joint energy projects, the companies said on Wednesday....
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...
Tuesday, February 12, 2008
Recent News: GE Money goes to London, William Cary, and GE & GOOG-411
GE Money moving to London
General Electric is moving the headquarters of its core consumer finance division from Connecticut to London in a move symbolising a shift in the US conglomerate's centre of gravity.
The decision by one of the largest and oldest companies in the US to relocate a business with $25bn (£13bn) of revenues a year to London underlines the increasingly global nature of GE. It is also a boost for the UK capital, which has been challenging New York's supremacy as a global financial centre....
UPDATE 2-GE names Cary to head GE Money, Nissen retiring
General Electric Co. on Thursday said William Cary has been named president and chief executive of GE Money, its consumer financial arm, succeeding David Nissen, who is retiring. Nissen, 56, is the third high-level GE executive to retire this year...
GE to Ship Google Phone, Kind Of
Tucked away in the Thomson booth at last month's CES were their GE branded phones, largely forgotten by most of the tech world. Heck, most conventional cordless phones have been forgotten by the tech world. And this is exactly what it is: not an Android phone, but a cordless phone that uses Google as an information service...
Google gets 411 button on new GE home phones
Normally we give traditional wireless home phones about as much attention around here as talking moose heads on the wall, but when the New York Times points out one which might be cool we have to check it out. They in fact seem to be right - the forthcoming GE Premiere DECT 6.0 28821FJ3 has a nifty GOOG-411 button centered for you to press for business information calls...
William H. Cary Named President and CEO of GE Money
William H. “Bill” Cary has been named president and CEO of GE Money, a leading global provider of credit services to retailers, auto dealers and consumers, GE Chairman and CEO Jeffrey R. Immelt announced today. Cary, 48, succeeds David R. Nissen, who is retiring. Cary has served as president and CEO of GE Money Europe, Middle East and Africa, the largest group within GE Money, since February 2006. He is a senior vice president of GE...
General Electric is moving the headquarters of its core consumer finance division from Connecticut to London in a move symbolising a shift in the US conglomerate's centre of gravity.
The decision by one of the largest and oldest companies in the US to relocate a business with $25bn (£13bn) of revenues a year to London underlines the increasingly global nature of GE. It is also a boost for the UK capital, which has been challenging New York's supremacy as a global financial centre....
UPDATE 2-GE names Cary to head GE Money, Nissen retiring
General Electric Co. on Thursday said William Cary has been named president and chief executive of GE Money, its consumer financial arm, succeeding David Nissen, who is retiring. Nissen, 56, is the third high-level GE executive to retire this year...
GE to Ship Google Phone, Kind Of
Tucked away in the Thomson booth at last month's CES were their GE branded phones, largely forgotten by most of the tech world. Heck, most conventional cordless phones have been forgotten by the tech world. And this is exactly what it is: not an Android phone, but a cordless phone that uses Google as an information service...
Google gets 411 button on new GE home phones
Normally we give traditional wireless home phones about as much attention around here as talking moose heads on the wall, but when the New York Times points out one which might be cool we have to check it out. They in fact seem to be right - the forthcoming GE Premiere DECT 6.0 28821FJ3 has a nifty GOOG-411 button centered for you to press for business information calls...
William H. Cary Named President and CEO of GE Money
William H. “Bill” Cary has been named president and CEO of GE Money, a leading global provider of credit services to retailers, auto dealers and consumers, GE Chairman and CEO Jeffrey R. Immelt announced today. Cary, 48, succeeds David R. Nissen, who is retiring. Cary has served as president and CEO of GE Money Europe, Middle East and Africa, the largest group within GE Money, since February 2006. He is a senior vice president of GE...
Friday, January 4, 2008
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...
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...
