GE sees growth in LED revenue
“LEDs are probably the largest growth area” for the lighting industry, Michael Petras, chief executive officer of GE's lighting business, said in an interview in Frankfurt Monday. LEDs make up “less than 10 percent” of GE Lighting's global sales, and that proportion probably will rise to one-third by 2015, with the overall market doubling “in the next couple of years,” he said.
GE Lighting's sales will be “flat or slightly positive” this year, Petras said. They fell to $2.5 billion in 2009 from $2.8 billion in 2008, according to presentations on GE's Web site. GE is the world's third- largest lighting company, after Royal Philips Electronics and Siemens's Osram. Its Appliances & Lighting division is headquartered in Louisville.
NBC Universal earnings drag down parent General Electric's results
NBC Universal is relieved that its winter financial wipeout is finally over.
Parent company General Electric Co. on Friday released its first-quarter results, which included, as expected, substantial losses generated by NBC's coverage of the 2010 Winter Olympics in Vancouver, Canada.
Although GE posted a 32% drop in earnings, the company nonetheless beat analysts' expectations.
GE Chairman Jeffrey Immelt said there were signs the economy was improving, along with the industrial giant's profit margins -- except for a couple of problem divisions.
"NBC, because of the Olympics, was a drag on margins overall," Immelt said.
NBC Universal's operating profit of $199 million was down 49% compared with the first quarter of 2009. Revenue of $4.32 billion for the quarter was up 23% compared with the year-earlier period, but it was about flat when ad sales for the Olympics were excluded from the results.
GE executives warned investors several months ago that NBC would lose as much as $250 million on its coverage of the Vancouver Olympic Games -- but it did not turn out as bad as first feared. NBC ended up losing $223 million on the Olympics, GE said, thanks to better-than-anticipated advertising.
General Electric Rehab On Track
General Electric's road to recovery may be rocky, but it's on the road nonetheless as it beat Wall Street's views on first quarter profit.
Among the most important morsels withing GE's report was the update on the progress of GE's financial arm GE Capital Services. The good news is GE Chief Executive Jeffrey Immelt said losses appear to have peaked, but that's not to say the problems will be over anytime soon. GE Capital was able to report earnings of $607 million in the first quarter, but commercial real estate continues to be "challenging". Thankfully, losses, delinquencies and non-earning assets have also declined during the first quarter.
Showing posts with label LIGHTING. Show all posts
Showing posts with label LIGHTING. Show all posts
Sunday, April 18, 2010
Monday, April 12, 2010
LED Lightbulbs and London Olympics
GE's New $50 LED Lightbulb Pricey, but Future-Proofed?
A new lightbulb might not sound like the most exciting piece of technology in the world. Nevertheless, GE has unleashed a little monster of an LED bulb that does its best to imitate the common features (including brightness and lighting angles) of a conventional incandescent bulb. And since it's based on light-emitting diodes, rather than a heated-up filament, it will use one-fourth of the typical power draw of an incandescent bulb to output its 450 lumens—the brightness equivalent of a 40-watt incandescent bulb.
The kicker? Picking up the GE Energy Smart LED Bulb will set you back anywhere from $40 to $50. That's a bit pricier than your standard $1-$2 incandescent bulb. However, GE expects its LED bulb to last 17 years—or a 25,000-hour life—if run four hours a day, every day. That's 25 times the lifespan of a typical incandescent bulb and three times the availability of an average 8,000-hour CFL bulb. The GE Energy Smart LED Bulb fits normal incandescent sockets, which is a nice touch for those worried about having to replace infrastructure just to harness the power of environmentally friendly lighting.
General Electric strengthens team in London for 2012 Olympics
General Electric, a TOP Olympic sponsor, has announced that it has bolstered its UK corporate communications efforts ahead of London hosting the 2012 Olympics with two new appointments.
Mark Maguire, 36, has been appointed in the newly created role of communications director for GE UK.
He will report to Mark Elborne, the President and chief executive of GE Northern Europe with immediate effect.
Maguire will be responsible for the company’s corporate image and brand identity amongst external stakeholders - in particular through the media.
In addition to media relations he will be responsible for all internal corporate communications, as well as optimising sponsorship and corporate social responsibility opportunities for GE in the UK - in particular GE’s London 2012 Olympics sponsorship.
A new lightbulb might not sound like the most exciting piece of technology in the world. Nevertheless, GE has unleashed a little monster of an LED bulb that does its best to imitate the common features (including brightness and lighting angles) of a conventional incandescent bulb. And since it's based on light-emitting diodes, rather than a heated-up filament, it will use one-fourth of the typical power draw of an incandescent bulb to output its 450 lumens—the brightness equivalent of a 40-watt incandescent bulb.
The kicker? Picking up the GE Energy Smart LED Bulb will set you back anywhere from $40 to $50. That's a bit pricier than your standard $1-$2 incandescent bulb. However, GE expects its LED bulb to last 17 years—or a 25,000-hour life—if run four hours a day, every day. That's 25 times the lifespan of a typical incandescent bulb and three times the availability of an average 8,000-hour CFL bulb. The GE Energy Smart LED Bulb fits normal incandescent sockets, which is a nice touch for those worried about having to replace infrastructure just to harness the power of environmentally friendly lighting.
General Electric strengthens team in London for 2012 Olympics
General Electric, a TOP Olympic sponsor, has announced that it has bolstered its UK corporate communications efforts ahead of London hosting the 2012 Olympics with two new appointments.
Mark Maguire, 36, has been appointed in the newly created role of communications director for GE UK.
He will report to Mark Elborne, the President and chief executive of GE Northern Europe with immediate effect.
Maguire will be responsible for the company’s corporate image and brand identity amongst external stakeholders - in particular through the media.
In addition to media relations he will be responsible for all internal corporate communications, as well as optimising sponsorship and corporate social responsibility opportunities for GE in the UK - in particular GE’s London 2012 Olympics sponsorship.
Monday, May 12, 2008
Recent News: Ohio Lamp Plant, Citi Rating, GE Aviation, GE Healthcare & Whatman, GE Hitachi, New Chief Accounting Officer, and Sofradir
General Electric to eliminate 31 positions at Ohio Lamp Plant
General Electric continues to slash jobs in the Mahoning Valley as it eliminates 31 positions at its Ohio Lamp Plant. The Warren plant makes a variety of incandescent bulbs, which are becoming less popular....
Citi Maintains 'Hold' Rating on General Electric (GE), Lowers Price Target
Citi maintains a 'Hold' rating on General Electric, lowers price target from $36 to $35.Citi analyst says, "GE's Sum-of-the-Parts premium has contracted, but it still trades above par using P/E's of some of the highest valued financial peers. Finance book value approaches point to more downside valuation risk...GE has increasingly relied on gains to drive EPS growth or offset headwinds that have materialized from time to time....
Singapore Airlines plane reports engine trouble, lands safely in India
A Singapore Airlines flight to Paris was diverted to India because one of its two engines appeared to be in trouble, Singapore's national carrier said Monday. A failure warning prompted the pilot to shut down the left engine of the Boeing 767-300ER and redirect the flight to New Delhi's Indira Gandhi International Airport on Friday, Singapore Airlines said in a statement e-mailed to The Associated Press...
GE Healthcare Completes Acquisition of Whatman PLC
Chalfont St. Giles, UK. - GE Healthcare, a unit of General Electric Company (NYSE:GE) has completed the acquisition of Whatman PLC, a global supplier of filtration products and technologies...
GE Hitachi Nuclear to build uranium enrichment facility
Global Laser Enrichment (GLE), a unit of GE Hitachi Nuclear Energy (GEH), said it has selected GEH's Wilmington headquarters site for a potential commercial uranium enrichment facility.
Before moving ahead, GLE will first look at the results of a demonstration test loop, which is currently under construction, and obtain an NRC license to build and operate the commercial plant. Pending approvals, the facility is expected to come online in 2012...
GE says gets $350 mln Dubai order for jet engines
General Electric Co said on Wednesday that LCAL, a Dubai-based aircraft leasing company, has agreed to buy GEnx jet engines to power up to 13 of its aircraft. The engines, with a list price of more than $350 million collectively, would power Boeing Co made 787 aircraft, GE Aviation said....
GE names Miller as chief accounting officer
General Electric Co on Wednesday named Jamie Miller as chief accounting officer, succeeding Walter Ielusic, who had held the post on an acting basis....
GE Buys Stake in French Infrared Unit
General Electric, the U.S. industrial conglomerate, has bought for an undisclosed amount a 15 percent stake in Ulis, a subsidiary of Sofradir, a French maker of infrared detectors.
Ulis makes uncooled IR detectors mainly for commercial uses, said Sofradir in an April 30 statement....
General Electric continues to slash jobs in the Mahoning Valley as it eliminates 31 positions at its Ohio Lamp Plant. The Warren plant makes a variety of incandescent bulbs, which are becoming less popular....
Citi Maintains 'Hold' Rating on General Electric (GE), Lowers Price Target
Citi maintains a 'Hold' rating on General Electric, lowers price target from $36 to $35.Citi analyst says, "GE's Sum-of-the-Parts premium has contracted, but it still trades above par using P/E's of some of the highest valued financial peers. Finance book value approaches point to more downside valuation risk...GE has increasingly relied on gains to drive EPS growth or offset headwinds that have materialized from time to time....
Singapore Airlines plane reports engine trouble, lands safely in India
A Singapore Airlines flight to Paris was diverted to India because one of its two engines appeared to be in trouble, Singapore's national carrier said Monday. A failure warning prompted the pilot to shut down the left engine of the Boeing 767-300ER and redirect the flight to New Delhi's Indira Gandhi International Airport on Friday, Singapore Airlines said in a statement e-mailed to The Associated Press...
GE Healthcare Completes Acquisition of Whatman PLC
Chalfont St. Giles, UK. - GE Healthcare, a unit of General Electric Company (NYSE:GE) has completed the acquisition of Whatman PLC, a global supplier of filtration products and technologies...
GE Hitachi Nuclear to build uranium enrichment facility
Global Laser Enrichment (GLE), a unit of GE Hitachi Nuclear Energy (GEH), said it has selected GEH's Wilmington headquarters site for a potential commercial uranium enrichment facility.
Before moving ahead, GLE will first look at the results of a demonstration test loop, which is currently under construction, and obtain an NRC license to build and operate the commercial plant. Pending approvals, the facility is expected to come online in 2012...
GE says gets $350 mln Dubai order for jet engines
General Electric Co said on Wednesday that LCAL, a Dubai-based aircraft leasing company, has agreed to buy GEnx jet engines to power up to 13 of its aircraft. The engines, with a list price of more than $350 million collectively, would power Boeing Co made 787 aircraft, GE Aviation said....
GE names Miller as chief accounting officer
General Electric Co on Wednesday named Jamie Miller as chief accounting officer, succeeding Walter Ielusic, who had held the post on an acting basis....
GE Buys Stake in French Infrared Unit
General Electric, the U.S. industrial conglomerate, has bought for an undisclosed amount a 15 percent stake in Ulis, a subsidiary of Sofradir, a French maker of infrared detectors.
Ulis makes uncooled IR detectors mainly for commercial uses, said Sofradir in an April 30 statement....
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?...
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?...
Tuesday, January 1, 2008
Recent News: GE Capital, Cosmos Bank, RWE AG, Solar Power, GE Lighting, Merrill Lynch, LED Lighting
PHH Corp Ends Pact To Be Acquired By GE Capital, Blackstone
PHH Corp. (PHH) said Tuesday that it has given a notice of termination to General Electric Capital Corp., a unit of General Electric Co...
Cosmos Bank Taiwan Completes US$900 Million Recapitalization
Cosmos Bank Taiwan (2837.TW) said Friday it has completed a US$900 million recapitalization, with funds injected by units of U.S. private- equity firm SAC Private Capital Group LLC and General Electric Co...
RWE, GE to jointly develop air-compressed power storage system
RWE AG's power generation division and General Electric Co signed a Memorandum of Understanding (MoU) on the joint development of a new power storage...
Paris hospitals withdraws 75-mln-eur IT contract from Thales, GE consortium
Paris' hospital authorities have withdrawn a 75-mln-eur contract to develop new patient information systems from a consortium including Thales, General Electric...
Solar Power retail arm inks GE financing deal
Just days after reeling in new capital to finance itself, Solar Power Inc. has cut a deal with General Electric to help finance its customers...
Chatroom: GE's Lighting unit
Soon, the 'bright idea' lightbulb above a character's head in a cartoon may more resemble a corkscrew than Thomas Edison's familiar invention...
Merrill's GE Deal, Hedge-Fund `Holds,' CME's Rebound: Timshel
Merrill Lynch & Co.'s agreement to sell most of its commercial-finance unit to General Electric Co. looks like a winner for both companies...
Merrill Lynch selling unit to GE Capital
GE Capital, the financial unit of General Electric Co., said Monday it will acquire the bulk of the Merrill Lynch Capital commercial finance operations, allowing Merrill to redeploy about $1.3 billion into other parts of its business...
Incandescent King GE Happy To Shift To LED
As the world's biggest seller of light fixtures, General Electric is a shining beacon in the illumination business...
PHH Corp. (PHH) said Tuesday that it has given a notice of termination to General Electric Capital Corp., a unit of General Electric Co...
Cosmos Bank Taiwan Completes US$900 Million Recapitalization
Cosmos Bank Taiwan (2837.TW) said Friday it has completed a US$900 million recapitalization, with funds injected by units of U.S. private- equity firm SAC Private Capital Group LLC and General Electric Co...
RWE, GE to jointly develop air-compressed power storage system
RWE AG's power generation division and General Electric Co signed a Memorandum of Understanding (MoU) on the joint development of a new power storage...
Paris hospitals withdraws 75-mln-eur IT contract from Thales, GE consortium
Paris' hospital authorities have withdrawn a 75-mln-eur contract to develop new patient information systems from a consortium including Thales, General Electric...
Solar Power retail arm inks GE financing deal
Just days after reeling in new capital to finance itself, Solar Power Inc. has cut a deal with General Electric to help finance its customers...
Chatroom: GE's Lighting unit
Soon, the 'bright idea' lightbulb above a character's head in a cartoon may more resemble a corkscrew than Thomas Edison's familiar invention...
Merrill's GE Deal, Hedge-Fund `Holds,' CME's Rebound: Timshel
Merrill Lynch & Co.'s agreement to sell most of its commercial-finance unit to General Electric Co. looks like a winner for both companies...
Merrill Lynch selling unit to GE Capital
GE Capital, the financial unit of General Electric Co., said Monday it will acquire the bulk of the Merrill Lynch Capital commercial finance operations, allowing Merrill to redeploy about $1.3 billion into other parts of its business...
Incandescent King GE Happy To Shift To LED
As the world's biggest seller of light fixtures, General Electric is a shining beacon in the illumination business...
Friday, June 29, 2007
SeekingAlpha on GE
- General Electric: The Dividend Champion (SeekingAlpha)
- Reflections on GE's New Compact Flourescent Lightbulb (SeekingAlpha)
- Is GE Ready to Return to Prime Time? (SeekingAlpha)
- Reflections on GE's New Compact Flourescent Lightbulb (SeekingAlpha)
- Is GE Ready to Return to Prime Time? (SeekingAlpha)
Wednesday, April 18, 2007
GE: Greener Electric
- GE Grapples With Green Growth (Motley Fool)
- GE Wins Green Globe Award For Water Reclamation (Water Online)
- TXU Energy and GE Offer Consumers Earth Day Savings on Energy-Efficient Light Bulbs (PR-Inside.com)
- GE Wins Green Globe Award For Water Reclamation (Water Online)
- TXU Energy and GE Offer Consumers Earth Day Savings on Energy-Efficient Light Bulbs (PR-Inside.com)
