GE Energy announces opening of new Jenbacher gas engine packaging operation in China GE Energy, a business unit of General Electric Company (NYSE:GE), announced on Thursday (16 October) that the company's Jenbacher gas engine business, a manufacturer of gas-fuelled reciprocating engines, packaged generator sets and cogeneration systems for power generation, has opened a new regional engine packaging operation at GE's manufacturing centre in Hangzhou, in Zhejiang Province in southeast China....
How GE Healthcare Transformed Its Business Technology Strategy
Up until 2004, GE Medical (the name it was known by) primarily developed and manufactured medical devices, such as X-ray machines, and computerized tomography (CT) and magnetic resonance (MR) imaging devices. In the early 2000s, GE Medical developed a strategy to move beyond being a diagnostic imaging or a diagnostic systems provider, and toward becoming a healthcare company. Specifically, the strategy looked at early health, focusing on early diagnosis, intervention, and prevention. Their $6 billion acquisition of Amersham, a UK-based company, became key to GE Medical's strategy. Amersham was a global leader in life sciences and diagnostic imaging agents, which medical scanners use to highlight specific body parts for diseases....
Economic Crisis Puts GE Spinoff on Hold
If any benefit comes from the economic crisis, Decatur's General Electric employees may be the ones to experience it. In its earnings call for the third quarter, GE Chief Executive Jeff Immelt said the sale or spinoff of the appliances division, which includes the Decatur plant, is on hold....
Showing posts with label United Kingdom. Show all posts
Showing posts with label United Kingdom. Show all posts
Saturday, October 18, 2008
Monday, May 12, 2008
Recent News: GE Rail Services Unit, NBC Super Bowl Ads, Consumer Loans, GE Healthcare & Merck, GE Aviation, GE Japan, and Boeing 737-900
GE seeking buyer for its rail services unit: report
General Electric is seeking a buyer for its rail services unit, in a deal that could be worth about $4 billion, according to people familiar with the company, The Financial Times reported on its Web site Friday. The move to sell the unit is part of GE's attempts to reduce its exposure to low-margin businesses after reporting disappointing first-quarter results last month, according to the newspaper. The unit leases 165,000 railroad cars and 120,000 trailers and containers. GE declined to comment on Friday night, the FT said...
NBC Super Bowl Ads to Cost $3 Million
The Super Bowl has always been a tough ticket, but now NBC is telling advertisers it will cost them $3 million just to get into the game -- for 30 seconds. NBC Universal, a unit of General Electric Co., plans to announce next week that $3 million will be the entry price for a commercial at the 2009 Super Bowl. While individual slots have sold at that level before, it's never been the starting point for negotiations for the dozens of 30-second ads sold for the game. It represents a price increase of more than 10%, roughly double the usual annual rise...
GE to drop consumer loans for boats, motorhomes
General Electric Co said on Monday it would stop offering loans for the purchase of consumer boats and motorhomes, in another blow to the hard-hit recreational products sector.
The second-largest U.S. company by market capitalization told boat and recreational-vehicle dealers that it would cease taking applications by July and cease underwriting new loans on Aug. 1, said Cristy Williams, a spokeswoman for GE Money, the company's consumer finance arm. It will continue to service its $3.6 billion loan portfolio...
GE Healthcare and Merck enter into technology sharing agreement
GE Healthcare, a provider of transformational medical technologies and services and a subsidiary of the General Electric Company (NYSE:GE), announced on Monday (5 May) that the company has entered into a non-exclusive agreement with Merck & Co Inc, a pharmaceutical company, to share technology on imaging of the lungs....
GE officials hope to work with Raspet
Officials with GE Aviation hope to continue the relationship they've developed with Mississippi State University's Raspet Flight Research Lab, an official said Monday...
Acom in Lead to Buy GE Japan Consumer Lender
General Electric will likely pick rival lender Acom as preferred bidder for its Japanese consumer loan business, paving the way for a $2.9 billion deal to create the country's biggest industry player, the Yomiuri paper said, sending Acom's shares to eight-month highs...
Boeing Delivers 737-900ERs To GE Unit For Lease To Futura
Boeing Co. (BA) said it delivered Europe's first two next-generation 737-900ER aircraft to General Electric Co. (GE) unit GE Commercial Aviation Services for lease to Futura International Airways of Spain....
General Electric is seeking a buyer for its rail services unit, in a deal that could be worth about $4 billion, according to people familiar with the company, The Financial Times reported on its Web site Friday. The move to sell the unit is part of GE's attempts to reduce its exposure to low-margin businesses after reporting disappointing first-quarter results last month, according to the newspaper. The unit leases 165,000 railroad cars and 120,000 trailers and containers. GE declined to comment on Friday night, the FT said...
NBC Super Bowl Ads to Cost $3 Million
The Super Bowl has always been a tough ticket, but now NBC is telling advertisers it will cost them $3 million just to get into the game -- for 30 seconds. NBC Universal, a unit of General Electric Co., plans to announce next week that $3 million will be the entry price for a commercial at the 2009 Super Bowl. While individual slots have sold at that level before, it's never been the starting point for negotiations for the dozens of 30-second ads sold for the game. It represents a price increase of more than 10%, roughly double the usual annual rise...
GE to drop consumer loans for boats, motorhomes
General Electric Co said on Monday it would stop offering loans for the purchase of consumer boats and motorhomes, in another blow to the hard-hit recreational products sector.
The second-largest U.S. company by market capitalization told boat and recreational-vehicle dealers that it would cease taking applications by July and cease underwriting new loans on Aug. 1, said Cristy Williams, a spokeswoman for GE Money, the company's consumer finance arm. It will continue to service its $3.6 billion loan portfolio...
GE Healthcare and Merck enter into technology sharing agreement
GE Healthcare, a provider of transformational medical technologies and services and a subsidiary of the General Electric Company (NYSE:GE), announced on Monday (5 May) that the company has entered into a non-exclusive agreement with Merck & Co Inc, a pharmaceutical company, to share technology on imaging of the lungs....
GE officials hope to work with Raspet
Officials with GE Aviation hope to continue the relationship they've developed with Mississippi State University's Raspet Flight Research Lab, an official said Monday...
Acom in Lead to Buy GE Japan Consumer Lender
General Electric will likely pick rival lender Acom as preferred bidder for its Japanese consumer loan business, paving the way for a $2.9 billion deal to create the country's biggest industry player, the Yomiuri paper said, sending Acom's shares to eight-month highs...
Boeing Delivers 737-900ERs To GE Unit For Lease To Futura
Boeing Co. (BA) said it delivered Europe's first two next-generation 737-900ER aircraft to General Electric Co. (GE) unit GE Commercial Aviation Services for lease to Futura International Airways of Spain....
Tuesday, February 12, 2008
Recent News: Dividend, GE Aviation, GE Healthcare, GE Money, United Kingdom, and GE Powered 777-300ER
GE Board of Directors Authorizes Regular Quarterly Dividend
The Board of Directors of General Electric Company (NYSE:GE) today authorized a regular quarterly dividend of $0.31 per outstanding share of the Company's common stock. The dividend is payable April 25, 2008 to shareowners of record at the close of business on February 25, 2008. The ex-dividend date is February 21, 2008....
GE Aviation Achieves Boeing Performance Excellence Award
GE Aviation has been selected as a recipient of a Boeing Performance Excellence Award for 2007. The Boeing Company presents Performance Excellence Awards annually to recognize superior performance by its suppliers...
GE Healthcare’s arm to scale up business
GE Healthcare’s life sciences business unit is targeting to scale up its revenue from sales by 40 per cent in the country by the end of this year. While its sales are now pegged at $18.5 million, the company proposes to increase it to $27 million by enhancing the sale of equipment to large biotech and pharma companies such as Biocon, Shantha and Biotechnic....
U.S. congressman decries GE Money's move to UK
New York congressman on Friday decried General Electric Co's plan to move its core consumer financial arm's headquarters to London from Connecticut, calling it a "call to action" for policymakers....
GE: Imagination at Work (But Not So Much In the U.S.)
In England, they shipped all their troublesome people to Australia. At General Electric, apparently they ship them to London. In another blow to U.S. pride and corporate tax revenue, the conglomerate is packing up its consumer-finance division from its current Stamford, Conn., headquarters and sending it to London, England. But can the unit flee its problems?...
GE Money relocating to London
US conglomerate General Electric has decided to relocate the headquarters of its key consumer financing business, GE Money, from Connecticut to London, a GE spokesman said Friday....
GE Aviation Achieves Boeing Performance Excellence Award
GE Aviation has been selected as a recipient of a Boeing Performance Excellence Award for 2007. The Boeing Company presents Performance Excellence Awards annually to recognize superior performance by its suppliers...
GE probes three 777-300ER power-loss incidents
An unusual rash of engine shutdowns since early December has temporarily stranded three normally reliable General Electric-powered Boeing 777-300ERs....
The Board of Directors of General Electric Company (NYSE:GE) today authorized a regular quarterly dividend of $0.31 per outstanding share of the Company's common stock. The dividend is payable April 25, 2008 to shareowners of record at the close of business on February 25, 2008. The ex-dividend date is February 21, 2008....
GE Aviation Achieves Boeing Performance Excellence Award
GE Aviation has been selected as a recipient of a Boeing Performance Excellence Award for 2007. The Boeing Company presents Performance Excellence Awards annually to recognize superior performance by its suppliers...
GE Healthcare’s arm to scale up business
GE Healthcare’s life sciences business unit is targeting to scale up its revenue from sales by 40 per cent in the country by the end of this year. While its sales are now pegged at $18.5 million, the company proposes to increase it to $27 million by enhancing the sale of equipment to large biotech and pharma companies such as Biocon, Shantha and Biotechnic....
U.S. congressman decries GE Money's move to UK
New York congressman on Friday decried General Electric Co's plan to move its core consumer financial arm's headquarters to London from Connecticut, calling it a "call to action" for policymakers....
GE: Imagination at Work (But Not So Much In the U.S.)
In England, they shipped all their troublesome people to Australia. At General Electric, apparently they ship them to London. In another blow to U.S. pride and corporate tax revenue, the conglomerate is packing up its consumer-finance division from its current Stamford, Conn., headquarters and sending it to London, England. But can the unit flee its problems?...
GE Money relocating to London
US conglomerate General Electric has decided to relocate the headquarters of its key consumer financing business, GE Money, from Connecticut to London, a GE spokesman said Friday....
GE Aviation Achieves Boeing Performance Excellence Award
GE Aviation has been selected as a recipient of a Boeing Performance Excellence Award for 2007. The Boeing Company presents Performance Excellence Awards annually to recognize superior performance by its suppliers...
GE probes three 777-300ER power-loss incidents
An unusual rash of engine shutdowns since early December has temporarily stranded three normally reliable General Electric-powered Boeing 777-300ERs....
Wednesday, January 16, 2008
Recent News: GE Money, GE Eneregy Financial Services, GE Real Estate, GE Capital, GE Infrastructure, and Kucinich vs. NBC
GE Money launches 3 year discount mortgage
Almost three quarters (70%) of the UK’s mortgage brokers believe that the Bank of England base rate will end the year lower than it finished 2007, according to GE Money. The majority (61%) predict the base rate will finish the year between 5.0% and 5.4%. However, one-in-ten brokers (9%) predict the Bank of England base rate will fall to below 5% by the end of 2008...
GE invests $300M in Horizon wind farms
Horizon Wind Energy LLC has received a $300 million equity investment from GE Energy Financial Services in four of its wind farms. Horizon, a Houston, Texas wind farm developer, is a subsidiary of Energias de Portugal SA...
GE Provides $32M for Quincy Multifamily Refi
GE Real Estate has announced the issuance of a $32-million fixed-rate refinancing for the Reserve at Marina Bay apartments here on behalf of Core Investments and O’Connell Investments. The six-story, 141-unit complex is eight miles south of Boston in the Marina Bay mixed-use development that includes condos, retail, restaurant and a large marina...
GE Capital Solution’s commercial distribution finance unit provides multi-million dollar credit line to computer word processing systems
The team at GE Capital Solutions worked with us to ensure we have financing in place to accelerate our growth strategy,” said Christine Waldrop, President, CWPS. “GE is not only providing our inventory financing credit line, but they are also helping us during our busy season with a seasonal line increase...
GE infrastructure could shine in fourth quarter
Overall, GE said that it expects its infrastructure business, which includes wind turbines, to contribute heartily to its quarterly results. The company forecast an earnings range in December of 67 cents to 69 cents a share...
Kucinich decries GE-media conspiracy
At 5:25 p.m., shortly after the Nevada Supreme Court refused to give Dennis Kucinich a seat at the debate, a small band of his supporters marched to a far corner of a parking lot outside the Cashman Center, where supporters of the three major candidates...
GE says raises renewable energy investment target to $6 billion
General Electric Co.'s energy investment business, buoyed by rising demand for alternative power, said Monday it will increase its investment in renewable energy by 50 percent, to $6 billion by 2010...
GE Unit Boosts 2010 Renewable Energy Investing Target to $6 Billion, Announces Its Largest Wind Deal
Reinforcing GE's ecomagination program, GE Energy Financial Services announced today that it has raised its 2010 renewable energy investing target by 50 percent to $6 billion, and has just topped $3 billion. GE Energy Financial Services...
Almost three quarters (70%) of the UK’s mortgage brokers believe that the Bank of England base rate will end the year lower than it finished 2007, according to GE Money. The majority (61%) predict the base rate will finish the year between 5.0% and 5.4%. However, one-in-ten brokers (9%) predict the Bank of England base rate will fall to below 5% by the end of 2008...
GE invests $300M in Horizon wind farms
Horizon Wind Energy LLC has received a $300 million equity investment from GE Energy Financial Services in four of its wind farms. Horizon, a Houston, Texas wind farm developer, is a subsidiary of Energias de Portugal SA...
GE Provides $32M for Quincy Multifamily Refi
GE Real Estate has announced the issuance of a $32-million fixed-rate refinancing for the Reserve at Marina Bay apartments here on behalf of Core Investments and O’Connell Investments. The six-story, 141-unit complex is eight miles south of Boston in the Marina Bay mixed-use development that includes condos, retail, restaurant and a large marina...
GE Capital Solution’s commercial distribution finance unit provides multi-million dollar credit line to computer word processing systems
The team at GE Capital Solutions worked with us to ensure we have financing in place to accelerate our growth strategy,” said Christine Waldrop, President, CWPS. “GE is not only providing our inventory financing credit line, but they are also helping us during our busy season with a seasonal line increase...
GE infrastructure could shine in fourth quarter
Overall, GE said that it expects its infrastructure business, which includes wind turbines, to contribute heartily to its quarterly results. The company forecast an earnings range in December of 67 cents to 69 cents a share...
Kucinich decries GE-media conspiracy
At 5:25 p.m., shortly after the Nevada Supreme Court refused to give Dennis Kucinich a seat at the debate, a small band of his supporters marched to a far corner of a parking lot outside the Cashman Center, where supporters of the three major candidates...
GE says raises renewable energy investment target to $6 billion
General Electric Co.'s energy investment business, buoyed by rising demand for alternative power, said Monday it will increase its investment in renewable energy by 50 percent, to $6 billion by 2010...
GE Unit Boosts 2010 Renewable Energy Investing Target to $6 Billion, Announces Its Largest Wind Deal
Reinforcing GE's ecomagination program, GE Energy Financial Services announced today that it has raised its 2010 renewable energy investing target by 50 percent to $6 billion, and has just topped $3 billion. GE Energy Financial Services...
Thursday, January 10, 2008
Recent News: GE Capital & Astra Sedaya Bonds and GE Energy
GE Capital UK plans 25-year stg bond -lead
A unit of GE Capital Corp, the finance arm of conglomerate General Electric, plans to issue a 25-year fixed rate sterling benchmark bond...
Indonesia's Astra Sedaya plans 1 trln rph bonds
Indonesian automotive financing company PT Astra Sedaya Finance plans to offer 1 trillion rupiah of bonds in late February to raise working capital, the company said on Wednesday...
GE Energy to invest in wind farm
GE Energy Financial Services, the investment arm of General Electric Co., said Wednesday it will invest in a new $350 million, 166-megawatt wind generation project...
A unit of GE Capital Corp, the finance arm of conglomerate General Electric, plans to issue a 25-year fixed rate sterling benchmark bond...
Indonesia's Astra Sedaya plans 1 trln rph bonds
Indonesian automotive financing company PT Astra Sedaya Finance plans to offer 1 trillion rupiah of bonds in late February to raise working capital, the company said on Wednesday...
GE Energy to invest in wind farm
GE Energy Financial Services, the investment arm of General Electric Co., said Wednesday it will invest in a new $350 million, 166-megawatt wind generation project...
Wednesday, January 9, 2008
Recent News: GE Capital, Qatar, CFM International, and GE Hitachi
GE Capital sells $6 billion in 2 parts - source
General Electric Capital Corp, a unit of General Electric Co, sold on Tuesday $6 billion of debt in two parts, said a source familiar with the deal...
GE wins supply deal for $3.2 bln Qatar plant
General Electric Co said on Tuesday it had agreed to supply equipment for a $3.2 billion fertiliser project in Qatar...
ACTS Signs Long-Term Material & Repair Pacts With GE And CFM
ACTS has signed a 10-year OnPoint solutions agreement with General Electric Co. (GE) for material to repair CF34 engines, and a 10-year materials agreement with CFM International for the repair and overhaul of the CFM56-2, CFM56-3, CFM56-5A, CFM56-5B and CFM56-5C engines...
GE-Hitachi to Meet Utilities as U.K. Backs Nuclear (Update2)
GE-Hitachi Nuclear Energy will meet with European utilities and government officials to discuss reactor sales next week after U.K. ministers backed building plants to replace aged units...
General Electric Capital Corp, a unit of General Electric Co, sold on Tuesday $6 billion of debt in two parts, said a source familiar with the deal...
GE wins supply deal for $3.2 bln Qatar plant
General Electric Co said on Tuesday it had agreed to supply equipment for a $3.2 billion fertiliser project in Qatar...
ACTS Signs Long-Term Material & Repair Pacts With GE And CFM
ACTS has signed a 10-year OnPoint solutions agreement with General Electric Co. (GE) for material to repair CF34 engines, and a 10-year materials agreement with CFM International for the repair and overhaul of the CFM56-2, CFM56-3, CFM56-5A, CFM56-5B and CFM56-5C engines...
GE-Hitachi to Meet Utilities as U.K. Backs Nuclear (Update2)
GE-Hitachi Nuclear Energy will meet with European utilities and government officials to discuss reactor sales next week after U.K. ministers backed building plants to replace aged units...
