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....
Showing posts with label WATER. Show all posts
Showing posts with label WATER. Show all posts
Saturday, June 28, 2008
Recent News: Water, Appliances - LG, NBC - Weather Channel, GE Aviation, Global Growth, Ratings, Santander, and GE Energy Financial Services
Sunday, June 22, 2008
Recent News: Weather Channel, NBC, China Growth, Appliance Sale (Videocon, LG, HAIER, Arcelik), Water, Energy, Saudi Arabia, and Immelt Trading
NBC Universal a top Weather Channel bidder-source
General Electric Co's NBC Universal, in partnership with the Blackstone Group, is seen as a leading contender for the Weather Channel, a source familiar with the matter said on Friday...
INTERVIEW-GE Fanuc expects faster growth in greater China
GE Fanuc, General Electric's production systems venture with Japan's Fanuc Ltd, expects its greater China sales will grow up to 30 percent annually over the next four to five years, up from about 20 percent now, as regional firms look to improve efficiency....
GE chief executive defends company's broad portfolio in face of calls to shed more businesses
General Electric Co.'s chief executive officer on Wednesday defended the industrial conglomerate's broad array of businesses and his decisions to sell off several units.
Jeffrey Immelt has been under pressure to shed more businesses, particularly after the Fairfield-based company's disappointing first-quarter earnings release last month in which profit fell 6 percent, to $4.3 billion (€2.73 billion)...
Videocon may bid for GE's appliances division
Videocon, the diversified electronics and retail business group, is studying an invitation from General Electric (GE) to bid for its century-old appliances division, which it has put up for sale...
General Electric should not sell NBC Universal
Lately, I've been hearing a lot of chatter about General Electric and its NBC Universal asset. Specifically, there's been talk about the future of the movie and television business and its role as a productive member of the GE portfolio. There are a lot of pundits out there who would like to see it sold off; probably a lot of investors would like that, too. Thankfully, CEO Jeffrey Immelt isn't one of them; he has consistently and steadfastly denied that NBC Universal will be offered to buyers in the near future. I hope he retains such opinion, because I definitely think GE needs NBC Universal....
LG Electronics Is Looking At GE's Appliance Unit
LG Electronics Inc.'s chief executive said the company is taking a close look at General Electric Co.'s appliance unit, which has recently been put up for sale, though he stopped short of declaring an interest in buying it....
HAIER Group Corp bids to buy GE unit under study
HAIER Group Corp is considering buying General Electric Co's consumer-appliance unit, the Economic Observer reported, citing an unidentified official with Haier. Haier has held talks with China Development Bank on financing the bid which could cost between 4 billion U.S. dollars and 8 billion U.S. dollars, the Beijing-based newspaper said in a report last Saturday. The Qingdao-based company hasn't yet made contact with GE about a possible purchase of the unit which makes refrigerators, ovens and dishwashers, the weekly newspaper said...
Turkey's Arcelik eyes to buy GE's appliance unit
Arcelik, Turkey's largest manufacturer of household appliances is among the several potential suitors vying to acquire the electrical household appliances of world giant General Electric (GE), company Chief Executive Officer Jeffrey Immelt said on Wednesday....
General Electric to Cut Water Usage by 20% by 2012
General Electric Co., the world's biggest maker of power-generation equipment and jet engines, plans to reduce water consumption by one-fifth by 2012 as part of its conservation efforts.
In addition to the first-ever water reduction pledge, Fairfield, Connecticut-based GE also said it intends to have $25 billion in sales of environmentally friendlier products and services by 2010, a 25 percent increase...
GE Energy signs $500 million for gas turbines, generators in Saudi Arabia
GE Energy, a General Electric Co. business, has signed contracts of more than $500 million (€319.37 million) to build and install gas turbines and generators at Saudi Arabian power plants, the company announced....
GE unit wins $500 million Saudi power contract
General Electric Co said on Thursday that its GE Energy unit had won $500 million in contracts to supply gas turbines and generators to various power plants owned by the Saudi Electricity Co...
Immelt Sells And Buys GE
Jeff Immelt was the consummate salesman Wednesday as he fanned the flames around the proposed sale of GE's appliance business by outing several bidders. He was also selling when he bought up more company stock, but with that move he was selling himself....
General Electric CEO buys 115,000 shares
The chief executive of General Electric Co. bought 115,000 shares of the conglomerate on Wednesday, according to a regulatory filing. In a U.S. Securities and Exchange Commission filing, Jeffrey Immelt said he bought the shares for prices ranging from $30.59 to $30.66 a share, for a total of about $3.5 million....
General Electric Co's NBC Universal, in partnership with the Blackstone Group, is seen as a leading contender for the Weather Channel, a source familiar with the matter said on Friday...
INTERVIEW-GE Fanuc expects faster growth in greater China
GE Fanuc, General Electric's production systems venture with Japan's Fanuc Ltd, expects its greater China sales will grow up to 30 percent annually over the next four to five years, up from about 20 percent now, as regional firms look to improve efficiency....
GE chief executive defends company's broad portfolio in face of calls to shed more businesses
General Electric Co.'s chief executive officer on Wednesday defended the industrial conglomerate's broad array of businesses and his decisions to sell off several units.
Jeffrey Immelt has been under pressure to shed more businesses, particularly after the Fairfield-based company's disappointing first-quarter earnings release last month in which profit fell 6 percent, to $4.3 billion (€2.73 billion)...
Videocon may bid for GE's appliances division
Videocon, the diversified electronics and retail business group, is studying an invitation from General Electric (GE) to bid for its century-old appliances division, which it has put up for sale...
General Electric should not sell NBC Universal
Lately, I've been hearing a lot of chatter about General Electric and its NBC Universal asset. Specifically, there's been talk about the future of the movie and television business and its role as a productive member of the GE portfolio. There are a lot of pundits out there who would like to see it sold off; probably a lot of investors would like that, too. Thankfully, CEO Jeffrey Immelt isn't one of them; he has consistently and steadfastly denied that NBC Universal will be offered to buyers in the near future. I hope he retains such opinion, because I definitely think GE needs NBC Universal....
LG Electronics Is Looking At GE's Appliance Unit
LG Electronics Inc.'s chief executive said the company is taking a close look at General Electric Co.'s appliance unit, which has recently been put up for sale, though he stopped short of declaring an interest in buying it....
HAIER Group Corp bids to buy GE unit under study
HAIER Group Corp is considering buying General Electric Co's consumer-appliance unit, the Economic Observer reported, citing an unidentified official with Haier. Haier has held talks with China Development Bank on financing the bid which could cost between 4 billion U.S. dollars and 8 billion U.S. dollars, the Beijing-based newspaper said in a report last Saturday. The Qingdao-based company hasn't yet made contact with GE about a possible purchase of the unit which makes refrigerators, ovens and dishwashers, the weekly newspaper said...
Turkey's Arcelik eyes to buy GE's appliance unit
Arcelik, Turkey's largest manufacturer of household appliances is among the several potential suitors vying to acquire the electrical household appliances of world giant General Electric (GE), company Chief Executive Officer Jeffrey Immelt said on Wednesday....
General Electric to Cut Water Usage by 20% by 2012
General Electric Co., the world's biggest maker of power-generation equipment and jet engines, plans to reduce water consumption by one-fifth by 2012 as part of its conservation efforts.
In addition to the first-ever water reduction pledge, Fairfield, Connecticut-based GE also said it intends to have $25 billion in sales of environmentally friendlier products and services by 2010, a 25 percent increase...
GE Energy signs $500 million for gas turbines, generators in Saudi Arabia
GE Energy, a General Electric Co. business, has signed contracts of more than $500 million (€319.37 million) to build and install gas turbines and generators at Saudi Arabian power plants, the company announced....
GE unit wins $500 million Saudi power contract
General Electric Co said on Thursday that its GE Energy unit had won $500 million in contracts to supply gas turbines and generators to various power plants owned by the Saudi Electricity Co...
Immelt Sells And Buys GE
Jeff Immelt was the consummate salesman Wednesday as he fanned the flames around the proposed sale of GE's appliance business by outing several bidders. He was also selling when he bought up more company stock, but with that move he was selling himself....
General Electric CEO buys 115,000 shares
The chief executive of General Electric Co. bought 115,000 shares of the conglomerate on Wednesday, according to a regulatory filing. In a U.S. Securities and Exchange Commission filing, Jeffrey Immelt said he bought the shares for prices ranging from $30.59 to $30.66 a share, for a total of about $3.5 million....
Friday, March 28, 2008
Recent News: GE Energy Wind Farm, NBE & GE Healthcare, GE Water, Bloomington Plant, Defensive Play and Trading Sideways
GE Energy invests in two new wind farms
Greenbang remembers a bygone era when wind was just good for kite flying, drying clothes and sailing. Pah, stupid wind. What good was it to humanity then? Selfish, Greenbang reckons....
NBC and GE Healthcare team up on vision for patient engagement
A partnership between GE Healthcare and NBC Universal is part of GE's vision to get patients more engaged in their healthcare through a combination of IT and online content....
How GE Water streamlined its events
In 2006, General Electric Water and Process Technologies, a division of GE that supplies water treatment, wastewater treatment and process systems solutions, was a conglomeration of several different companies it had acquired over the years. Each of those companies brought some baggage with them....
Workers to take over GE plant in Bloomington?
Rather than seeing the General Electric Co. refrigerator plant in Bloomington close, the Monroe County Economic Development Commission plans to study whether it would make sense for the employees to buy and operate the site....
General Electric (GE) -- a good, defensive play
General Electric Co. shares gained 4.3% by 1 p.m. following an upgrade from Merrill Lynch to Buy from Neutral. Analyst John G. Inch said GE seems to be a good defensive play in today's climate and that its range of businesses and large global exposure (more than half its revenue comes from outside the U.S) will help it weather a U.S. recession...
In down market, sideways GE shares look good: investors
For most of the past three years, investors looking at General Electric Co., have had a common complaint -- the shares were "trading sideways," showing little movement of any kind. ...
Greenbang remembers a bygone era when wind was just good for kite flying, drying clothes and sailing. Pah, stupid wind. What good was it to humanity then? Selfish, Greenbang reckons....
NBC and GE Healthcare team up on vision for patient engagement
A partnership between GE Healthcare and NBC Universal is part of GE's vision to get patients more engaged in their healthcare through a combination of IT and online content....
How GE Water streamlined its events
In 2006, General Electric Water and Process Technologies, a division of GE that supplies water treatment, wastewater treatment and process systems solutions, was a conglomeration of several different companies it had acquired over the years. Each of those companies brought some baggage with them....
Workers to take over GE plant in Bloomington?
Rather than seeing the General Electric Co. refrigerator plant in Bloomington close, the Monroe County Economic Development Commission plans to study whether it would make sense for the employees to buy and operate the site....
General Electric (GE) -- a good, defensive play
General Electric Co. shares gained 4.3% by 1 p.m. following an upgrade from Merrill Lynch to Buy from Neutral. Analyst John G. Inch said GE seems to be a good defensive play in today's climate and that its range of businesses and large global exposure (more than half its revenue comes from outside the U.S) will help it weather a U.S. recession...
In down market, sideways GE shares look good: investors
For most of the past three years, investors looking at General Electric Co., have had a common complaint -- the shares were "trading sideways," showing little movement of any kind. ...
Monday, January 14, 2008
Recent News: GE Foundation, GE Aviation, EPA, GE Water, GE Energy Financial Services, Renewable Energy, and Vietnam
GE grant can inspire great change
In Louisville, Ky., a city most of us associate with the Kentucky Derby and the famous company that makes baseball bats, the school district has been making impressive strides in how it educates tens of thousands of public school students. A $25 million grant from the GE Foundation has had a lot to do with it...
GE going full-throttle
GE Aviation notched another record year in 2007, booking $25.5 billion worth of new orders throughout the world...
EPA Extends Public Comment Period for the Ecological Risk Assessment for GE Pittsfield/Housatonic River Site
The U.S. Environmental Protection Agency has extended the public comment period for the recently-completed Ecological Risk Assessment for a major section of the Housatonic River in Massachusetts and Connecticut...
Eureka Forbes ties up with GE for clean water
The Shapoorji Pallonji group is betting big on the water business. Eureka Forbes, a wholly owned subsidiary of Shapoorji Pallonji group, is understood to have tied up with US infrastructure major GE Water for the expansion of its water filter business...
GE Unit Teams with SunPower on California Solar Projects
GE Energy Financial Services, a unit of GE, announced that it is partnering with SunPower Corp. -- a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels, and solar systems -- to provide financing for five California solar power projects...
GE to double renewable energy investment
General Electric will on Monday announce plans to double its investments in renewable energies to $6bn by 2010 in the latest sign of a push by big companies to capitalise on concerns over global warming and pollution...
GE to double its investments in renewable energy to $6bn by 2010
General Electric will today announce plans to double its investments in renewable energies to $6bn by 2010 in the latest sign of a push by big companies to capitalise on concerns over global warming and pollution...
GE to double investments in renewable energies: FT
Diversified conglomerate General Electric Co. will on Monday announce plans to double its investments in renewable energies to $6 billion by 2010, the Financial Times reported on Sunday...
Vietnam seen as center for GE’s growth in SEA
The president of General Electric (GE) for South East Asia has underlined that the U.S. group places Vietnam as center for its growth in the region and can help develop human resources for global competition...
In Louisville, Ky., a city most of us associate with the Kentucky Derby and the famous company that makes baseball bats, the school district has been making impressive strides in how it educates tens of thousands of public school students. A $25 million grant from the GE Foundation has had a lot to do with it...
GE going full-throttle
GE Aviation notched another record year in 2007, booking $25.5 billion worth of new orders throughout the world...
EPA Extends Public Comment Period for the Ecological Risk Assessment for GE Pittsfield/Housatonic River Site
The U.S. Environmental Protection Agency has extended the public comment period for the recently-completed Ecological Risk Assessment for a major section of the Housatonic River in Massachusetts and Connecticut...
Eureka Forbes ties up with GE for clean water
The Shapoorji Pallonji group is betting big on the water business. Eureka Forbes, a wholly owned subsidiary of Shapoorji Pallonji group, is understood to have tied up with US infrastructure major GE Water for the expansion of its water filter business...
GE Unit Teams with SunPower on California Solar Projects
GE Energy Financial Services, a unit of GE, announced that it is partnering with SunPower Corp. -- a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels, and solar systems -- to provide financing for five California solar power projects...
GE to double renewable energy investment
General Electric will on Monday announce plans to double its investments in renewable energies to $6bn by 2010 in the latest sign of a push by big companies to capitalise on concerns over global warming and pollution...
GE to double its investments in renewable energy to $6bn by 2010
General Electric will today announce plans to double its investments in renewable energies to $6bn by 2010 in the latest sign of a push by big companies to capitalise on concerns over global warming and pollution...
GE to double investments in renewable energies: FT
Diversified conglomerate General Electric Co. will on Monday announce plans to double its investments in renewable energies to $6 billion by 2010, the Financial Times reported on Sunday...
Vietnam seen as center for GE’s growth in SEA
The president of General Electric (GE) for South East Asia has underlined that the U.S. group places Vietnam as center for its growth in the region and can help develop human resources for global competition...
Friday, November 9, 2007
GE Press Releases: Fanuc, Roper Appliances, Pension Payments, Credit, Water
GE Fanuc Intelligent Platforms Announces High Performance Rugged 3U CompactPCI Solution
Demonstrating once again the company’s ability to deliver maximum functionality in the smallest space, GE Fanuc Intelligent Platforms today announced the rugged CM6 3U CompactPCI single board computer. Featuring a Freescale™ PowerPC™ MPC8641 operating ...
GE Metal Preparation Process Saves Money, Water, Reduces CO2 Emissions for Roper Corporation
GE Water & Process Technologies, a unit of General Electric Company (NYSE:GE) today presented Roper Corporation, a wholly owned subsidiary of General Electric that manufactures cooking appliances, with a 2007 ecomagination leadership award for...
GE Increases Pension Payments to 130,000 Retirees
GE will increase its pension benefit payments to more than 130,000 eligible retirees, effective December 1, 2007, GE Chairman and CEO Jeff Immelt announced today...
Plutonic and GE Close $470 Million Credit Facility; Financing of 196 MW Run-of-River Hydroelectric Project Completed
The project’s credit facilities were co-arranged by The Manufacturers Life Insurance Company (Manulife) (TSX, NYSE: MFC) and GE Capital Markets (Canada) Ltd. (a Canadian affiliate of GE Energy Financial Services) which together led a syndicate of lenders to provide...
GE ZeeWeed UF Membranes to Help Protect Water Quality of Major Reservoir in U.S. Southwest
GE Water & Process Technologies, a unit of General Electric Company (NYSE: GE) has been selected to supply its advanced ZeeWeed membranes for a 30-MGD (average daily flow) tertiary ultrafiltration upgrade of the 110-MGD Clark County Water Reclamation Facility (WRF) in Nevada. The facility, which treats...
SonicWALL Supports the Reseller Channel with Finance Programs through GE Capital Solutions’ Commercial Distribution Finance Unit
SonicWALL is committed to supporting our channel with finance programs through GE that allow them to control cash flow and streamline their business processes...
GE Provides $225 Million Credit Facility to United Agri Products, Inc., the Largest Independent Distributor of Agricultural and Non-Crop Inputs
UAP is the largest independent distributor of agricultural and non-crop inputs in the United States and Canada. The Company markets a comprehensive line of products including chemicals, seed, and fertilizer to growers and regional dealers. As part of the Company's product offering...
Demonstrating once again the company’s ability to deliver maximum functionality in the smallest space, GE Fanuc Intelligent Platforms today announced the rugged CM6 3U CompactPCI single board computer. Featuring a Freescale™ PowerPC™ MPC8641 operating ...
GE Metal Preparation Process Saves Money, Water, Reduces CO2 Emissions for Roper Corporation
GE Water & Process Technologies, a unit of General Electric Company (NYSE:GE) today presented Roper Corporation, a wholly owned subsidiary of General Electric that manufactures cooking appliances, with a 2007 ecomagination leadership award for...
GE Increases Pension Payments to 130,000 Retirees
GE will increase its pension benefit payments to more than 130,000 eligible retirees, effective December 1, 2007, GE Chairman and CEO Jeff Immelt announced today...
Plutonic and GE Close $470 Million Credit Facility; Financing of 196 MW Run-of-River Hydroelectric Project Completed
The project’s credit facilities were co-arranged by The Manufacturers Life Insurance Company (Manulife) (TSX, NYSE: MFC) and GE Capital Markets (Canada) Ltd. (a Canadian affiliate of GE Energy Financial Services) which together led a syndicate of lenders to provide...
GE ZeeWeed UF Membranes to Help Protect Water Quality of Major Reservoir in U.S. Southwest
GE Water & Process Technologies, a unit of General Electric Company (NYSE: GE) has been selected to supply its advanced ZeeWeed membranes for a 30-MGD (average daily flow) tertiary ultrafiltration upgrade of the 110-MGD Clark County Water Reclamation Facility (WRF) in Nevada. The facility, which treats...
SonicWALL Supports the Reseller Channel with Finance Programs through GE Capital Solutions’ Commercial Distribution Finance Unit
SonicWALL is committed to supporting our channel with finance programs through GE that allow them to control cash flow and streamline their business processes...
GE Provides $225 Million Credit Facility to United Agri Products, Inc., the Largest Independent Distributor of Agricultural and Non-Crop Inputs
UAP is the largest independent distributor of agricultural and non-crop inputs in the United States and Canada. The Company markets a comprehensive line of products including chemicals, seed, and fertilizer to growers and regional dealers. As part of the Company's product offering...
Monday, July 2, 2007
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)
