The Rewards of Olympic Hospitality
For General Electric Co., being a big Olympic sponsor isn't only about generating revenue and buffing its public image. The Fairfield, Conn., company also sees Beijing as an exotic venue for wining and dining top-performing employees and important clients. General Electric is hosting 2,000 customers and other guests from around the world in Beijing during the Games, inviting them to meals and offering tickets to Olympic events and sightseeing trips. Chairman and Chief Executive Jeffrey Immelt and other senior executives are among those playing host, according to GE spokeswoman Deirdre Latour.
China to get first of 300 GE locomotives by end-Aug
General Electric Co said on Thursday it would deliver the first of 300 advanced locomotives to China by the end of August, with the remainder arriving by mid 2010...
GE Board Authorizes Regular Quarterly Dividend 31c
The Board of Directors of General Electric Company authorized a regular quarterly dividend of $0.31 per outstanding share of the Company's common stock. The dividend is payable October 27, 2008 to shareowners of record at the close of business on September 22, 2008. The ex-dividend date is September 18, 2008...
GE's Making All the Right Moves
Earlier this week, I wrote that with market conditions being what they are, Fools might revisit the largest U.S. company, ExxonMobil (NYSE: XOM). It therefore may seem like a systematic traipse down Market Cap Lane when I suggest that No. 2 General Electric (NYSE: GE) also deserves more than a passing gander. The past year hasn't been an especially happy one for the General. With Mr. Market anything but stable, its shares have declined by about a quarter to around $29. And if you take the time to skim the company's second-quarter earnings release...
Will Olympic Coverage Score General Electric a Gold?
Every 4 years, the greatest athletes in the world gather to put on an athletic spectacle worthy of the gods residing on Mt. Olympus, giving us the name of this athletic extravaganza: The Olympics. Many things have changed from the original Olympic Games; women are allowed to watch and compete, there are Summer and Winter Games, the competitors wear clothes, and you can watch the competition on television and via the Internet ... thanks to General Electric. Yes, General Electric – remember folks, that this conglomerate is the parent company of NBC....
GE Locates China Headquarters In Shanghai
General Electric announced that its China Technology Park in Shanghai's Zhangjiang Hi-Tech Park has been formally completed and it will become GE's headquarters in China...
GE's Olympic Score
Well, the Olympics are over, and Michael Phelps may be going home with eight gold medals, but he might as well start receiving GE dividends. The extraordinary swimmer helped to fuel Olympic mania, sending viewership of the peacock network, which is owned by conglomerate General Electric, soaring. In the end, the Beijing Olympics were the most-watched event in TV history, according to Nielsen Media Research. Olympics watching surpassed executives’ “wildest expectations” and drew in more viewers than the games in either Sydney or Athens...
Virgin Blue inks engine maintenance deal with GE
Virgin Blue inked a maintenance and overhaul agreement with GE for the Australian carrier's CFM International CFM56-7B engines...
NBC approves Pickens' "Iran" ad after complaint
NBC Universal approved an advertisement by T. Boone Pickens entitled "Iran" which questions U.S. dependence on foreign oil, after the oil tycoon complained that the network had rejected it...
Showing posts with label Shanghai. Show all posts
Showing posts with label Shanghai. Show all posts
Monday, September 1, 2008
Wednesday, January 30, 2008
Recent News: Superalloys, GE Energy in China, Romania, Cameras, GE Real Estate in Germany and Japan, Invenergy, and GE Commercial Finance
GE develops new superalloys to reduce use of rare rhenium
General Electric is about to begin engine testing of new nickel superalloys designed to reduce its use of rhenium, a rare metal that has increased 10-fold in price in recent years as demand has increased....
GE Energy Opens New Facility In Shanghai
The environmental services business of Atlanta-based GE Energy has established a new facility in Shanghai in order to better serve its customers in the area. The facility, which consolidates several operations at other locations, consists of 7,000 square meters of laboratories, office space and production facilities...
Metka, GE JV preferred bidders for Romania plant
Greek construction company Metka and its joint venture partner General Electric made the lowest bid to build a power station in Romania, the Greek company said on Wednesday...
UPDATE 1-Spain's Colonial opens books to GE
Spanish property firm Inmobiliaria Colonial said on Wednesday it had opened its books to GE Real Estate Iberia, a unit of GE, in preparation for a possible takeover bid...
GE announces second-gen cameras
General Electric has announced what will only be its second generation of digital cameras, due in the spring. All of them will feature blink and smile detection, delaying shots for the best expressions. At the top of the compacts will be the E series, led by the E1050 ($249), a 10-megapixel camera able to record 720p video at 30fps. Shooters can output the video to an HD display, and control various functions though a three-inch touchscreen. Its lens is capable of 5x optical zoom, and its light sensitivity extends to ISO 3200. An optional GPS receiver can geotag images...
GE Expands in Germany and Japan
Expanding its holdings on both sides of the globe, GE Real Estate has inked major deals in Europe and Asia. In a $98-million transaction, GE Real Estate Germany has acquired a portfolio of seven mixed-used assets from a private individual. And GE Real Estate in Japan has launched a new business to develop “Ecomagination” condos, in a partnership with Meiho Enterprise Co...
GE Energy announces $1B-plus agreement with Invenergy
...Under the deal, GE Energy, based in Atlanta, will deliver 400 of its 1.5 megawatt wind turbines to Chicago-based Invenergy for projects in North America, and 200 megawatts, or 80 turbines, for projects in Europe...
GE’s second round brings nine new cameras
Now that General Imaging has a year under its belt the company is more than doubling the lineup of digital cameras offering nine new models this year at PMA 2008. This brings the total count to 15 giving more options in features and pricing with the familiar GE branding...
Dayton Superior Extends Commitment From GE Commercial Finance For Debt Refinancing To February 29, 2008
Dayton Superior Corp. announced that it has extended its commitment from GE Commercial Finance for debt refinancing of $250 million to February 29, 2008. The company expects to complete refinancing prior to that date. The commitment consists of new $150 million revolving credit facility and a new $100 million term loan...
General Electric is about to begin engine testing of new nickel superalloys designed to reduce its use of rhenium, a rare metal that has increased 10-fold in price in recent years as demand has increased....
GE Energy Opens New Facility In Shanghai
The environmental services business of Atlanta-based GE Energy has established a new facility in Shanghai in order to better serve its customers in the area. The facility, which consolidates several operations at other locations, consists of 7,000 square meters of laboratories, office space and production facilities...
Metka, GE JV preferred bidders for Romania plant
Greek construction company Metka and its joint venture partner General Electric made the lowest bid to build a power station in Romania, the Greek company said on Wednesday...
UPDATE 1-Spain's Colonial opens books to GE
Spanish property firm Inmobiliaria Colonial said on Wednesday it had opened its books to GE Real Estate Iberia, a unit of GE, in preparation for a possible takeover bid...
GE announces second-gen cameras
General Electric has announced what will only be its second generation of digital cameras, due in the spring. All of them will feature blink and smile detection, delaying shots for the best expressions. At the top of the compacts will be the E series, led by the E1050 ($249), a 10-megapixel camera able to record 720p video at 30fps. Shooters can output the video to an HD display, and control various functions though a three-inch touchscreen. Its lens is capable of 5x optical zoom, and its light sensitivity extends to ISO 3200. An optional GPS receiver can geotag images...
GE Expands in Germany and Japan
Expanding its holdings on both sides of the globe, GE Real Estate has inked major deals in Europe and Asia. In a $98-million transaction, GE Real Estate Germany has acquired a portfolio of seven mixed-used assets from a private individual. And GE Real Estate in Japan has launched a new business to develop “Ecomagination” condos, in a partnership with Meiho Enterprise Co...
GE Energy announces $1B-plus agreement with Invenergy
...Under the deal, GE Energy, based in Atlanta, will deliver 400 of its 1.5 megawatt wind turbines to Chicago-based Invenergy for projects in North America, and 200 megawatts, or 80 turbines, for projects in Europe...
GE’s second round brings nine new cameras
Now that General Imaging has a year under its belt the company is more than doubling the lineup of digital cameras offering nine new models this year at PMA 2008. This brings the total count to 15 giving more options in features and pricing with the familiar GE branding...
Dayton Superior Extends Commitment From GE Commercial Finance For Debt Refinancing To February 29, 2008
Dayton Superior Corp. announced that it has extended its commitment from GE Commercial Finance for debt refinancing of $250 million to February 29, 2008. The company expects to complete refinancing prior to that date. The commitment consists of new $150 million revolving credit facility and a new $100 million term loan...
