General Electric (GE) Stock – Will Green Energy Make It Pop?
There’s no question that General Electric (NYSE:GE) is counting on green energy to help boost revenues. General Electric Co. CEO Jeffrey Immelt spoke to the ARPA-E Energy Innovation Conference in Washington and was clear about what he felt the country needed to do.
He indicated he was afraid that America would be non competitive in the alternative energy markets if action wasn’t taken quickly.
“Right now we have no certainty around an energy future,” Immelt said. “Let’s not take this growth industry and give it to every other country in the world but the U.S.”
Immelt went on to highlight ways he thought the government could help sell green energy to the masses and to protect American industry.
GE CEO Immelt: U.S. lags in clean energy; federal smart grid oversight needed
On the global stage, the United States is facing its stiffest competition to date in the race for clean energy, said General Electric CEO Jeffrey Immelt at a conference in Maryland.
Speaking at the ARPA-E Summit in National Harbor, Md., Immelt said energy demand is redirecting toward the developing world, and unclear policies and low levels of research and development spending could hinder U.S. progress moving forward — despite new technologies in the pipeline.
“Unless we have a broad perspective on job creation, innovation, and technology growth, we are going to fall behind as a country,” Immelt said, as reported by SmartPlanet sister site CNET. “We need growth as a country and globally we play in a much more competitive arena than any other time in our lifetimes.”
Immelt said current trends indicate that Asian countries will demand energy products at a higher rate than the U.S. or Europe — drawing businesses, innovation and supply chain strength to those countries.
As an example, Immelt said the number of passenger cars sold in China and India will be more than twice the number sold in the U.S. by 2020.
GE Is on a Coal-Beautification Mission
General Electric is "changing the perception of coal energy in America." It's clean -- and sexy. Just watch this TV ad. But wait there's more. Here's the problem: you've got lots of coal in the ground that you want to use to generate electricity and profits. But coal has a reputation for being dirty and causing tons of pollution. So what do you do?
General Electric to go tobacco-free in 2011: Work sites to be tobacco-free
A year ago, General Electric Co. promised financial incentives to U.S. employees who kicked the smoking habit.
Now, the company is going a step further, launching a new policy that would make all the company's work sites tobacco-free by this time in 2011.
There are some other differences between then and now.
For one thing, the Connecticut-based company, one of the world's largest, is addressing only at-work behavior.
Employees won't be asked to sign a tobacco-free pledge that extends beyond the workplace, said Stephan Koller, a spokesman for GE Transportation, based in Lawrence Park Township.
But they will be asked to refrain from using tobacco of all kinds on company property.
General Electric to go tobacco-free in 2011: Work sites to be tobacco-free
GE Hitachi To Build Nuclear Plants In Poland - Update
GE Hitachi Nuclear Energy, and Polish power company Polska Grupa Energetyczna SA, Friday said they have signed a new agreement to collaborate on Poland's initiative to build next-generation commercial nuclear power plants. GE Hitachi Nuclear Energy is a nuclear alliance formed by General Electric Co. (GE: News ) and Hitachi Ltd. (HIT: News ).
Through this alliance, Poland plans to build two nuclear power plants that would help the country diversify its energy production, which currently relies heavily on coal-based technologies.
Showing posts with label growth. Show all posts
Showing posts with label growth. Show all posts
Sunday, March 7, 2010
Monday, February 22, 2010
India, Dividend, Oklahoma Wind Farm, Electric Vehicle Charging, and China Growth
GE Official: India Should Incentivize Manufacturing
India's tax regime often favors importing finished products rather than components and raw materials, and the Indian government needs to offer new incentives to stimulate homegrown manufacturing, a senior Indian official at General Electric Co. said Monday.
V. Raja, president and chief executive of GE Healthcare South Asia, said in an interview that the import tariff on finished goods that GE brings into India typically runs at about 10%. Because of the way the tariff structure works, the duty on the import of components or raw materials necessary for local manufacturing often amount to more than 10%.
GE's board of directors authorise USD0.10 quarterly dividend
The board of directors of General Electric Company on Friday authorised a regular quarterly dividend of USD0.10 per outstanding share of its common stock.
The dividend pay out will be made on 26 April 2010 to shareowners of record at the close of business on 1 March 2010. The ex-dividend date is 25 February 2010.
GE to invest $65 mln in Oklahoma windfarm
GE Energy Financial Services, a unit of the General Electric Co. said Tuesday it will provide $65 million to fund construction of a wind farm near Woodward, Okla. The wind farm will be developed by CPV Renewable Energy Co., an affiliate of Competitive Power Venture Inc. The project is scheduled to be completed by year's end and will produce enough energy to power about 45,000 homes. In addition to the initial funding, GE will provide an option for $100 million more in partnership equity upon commencement of commercial operations. The total cost of the wind farm is projected to be $319 million, and will also be financed with a $212 million loan from The Bank of Tokyo-Mitsubishi and Union Bank.
GE Links With Juice for Smart Electric Vehicle Charging
General Electric plans to get into smart charging for electric vehicles in a big way this year, and it’s partnering with 2-year-old Juice Technologies to do it. This morning the companies announced a joint development agreement to create charging devices that will integrate with GE’s smart meters and Juice’s Plug Smart intelligent charging system, helping drivers to juice up their batteries when power grid demands and electricity rates are lower (see our list of 10 Electric Car Smart Charging Players to Watch). According to today’s release, “initial” chargers under the agreement will roll out in the U.S. in the second quarter of this year, “with full-scale production ramping up throughout the year.” Down the road, GE and Juice are targeting global distribution.
According to Thomas Hurkmans, co-founder and chief financial officer for Juice, whose products carry the brand Plug Smart, today’s deal is exclusive. “Every time GE builds a smart charging system for electric vehicles,” he said, “it will be with us.” GE has agreed to work with Juice and finance the development and manufacturing of EV charging systems, which will be co-branded and “sold through multiple channels,” including GE’s network.
GE’s Rice Says China Isn’t Slowing; 750 Hires Planned
General Electric Co., the world’s biggest maker of jet engines and locomotives, said its businesses in China aren’t slowing down and the company will add about 750 salespeople in the country this year and more in 2011.
“Someday, the market in China is going to look like the market in the U.S., and we’ve got to be equipped with the resources to serve the market in the same way,” Vice Chairman John Rice, who oversees GE’s Technology Infrastructure segment, said today at the Barclays Capital Industrial Select Conference in Miami. “We think it’s critical to our success there.”
GE, which gets more than half of its sales outside the U.S., considers the benefits of operating in China outweighing the risks, such as intellectual property rules that aren’t ideal, Rice said. GE last year announced joint ventures to develop high-speed rail and avionics in the country that will create hundreds and preserve thousands of U.S. jobs, he said.
India's tax regime often favors importing finished products rather than components and raw materials, and the Indian government needs to offer new incentives to stimulate homegrown manufacturing, a senior Indian official at General Electric Co. said Monday.
V. Raja, president and chief executive of GE Healthcare South Asia, said in an interview that the import tariff on finished goods that GE brings into India typically runs at about 10%. Because of the way the tariff structure works, the duty on the import of components or raw materials necessary for local manufacturing often amount to more than 10%.
GE's board of directors authorise USD0.10 quarterly dividend
The board of directors of General Electric Company on Friday authorised a regular quarterly dividend of USD0.10 per outstanding share of its common stock.
The dividend pay out will be made on 26 April 2010 to shareowners of record at the close of business on 1 March 2010. The ex-dividend date is 25 February 2010.
GE to invest $65 mln in Oklahoma windfarm
GE Energy Financial Services, a unit of the General Electric Co. said Tuesday it will provide $65 million to fund construction of a wind farm near Woodward, Okla. The wind farm will be developed by CPV Renewable Energy Co., an affiliate of Competitive Power Venture Inc. The project is scheduled to be completed by year's end and will produce enough energy to power about 45,000 homes. In addition to the initial funding, GE will provide an option for $100 million more in partnership equity upon commencement of commercial operations. The total cost of the wind farm is projected to be $319 million, and will also be financed with a $212 million loan from The Bank of Tokyo-Mitsubishi and Union Bank.
GE Links With Juice for Smart Electric Vehicle Charging
General Electric plans to get into smart charging for electric vehicles in a big way this year, and it’s partnering with 2-year-old Juice Technologies to do it. This morning the companies announced a joint development agreement to create charging devices that will integrate with GE’s smart meters and Juice’s Plug Smart intelligent charging system, helping drivers to juice up their batteries when power grid demands and electricity rates are lower (see our list of 10 Electric Car Smart Charging Players to Watch). According to today’s release, “initial” chargers under the agreement will roll out in the U.S. in the second quarter of this year, “with full-scale production ramping up throughout the year.” Down the road, GE and Juice are targeting global distribution.
According to Thomas Hurkmans, co-founder and chief financial officer for Juice, whose products carry the brand Plug Smart, today’s deal is exclusive. “Every time GE builds a smart charging system for electric vehicles,” he said, “it will be with us.” GE has agreed to work with Juice and finance the development and manufacturing of EV charging systems, which will be co-branded and “sold through multiple channels,” including GE’s network.
GE’s Rice Says China Isn’t Slowing; 750 Hires Planned
General Electric Co., the world’s biggest maker of jet engines and locomotives, said its businesses in China aren’t slowing down and the company will add about 750 salespeople in the country this year and more in 2011.
“Someday, the market in China is going to look like the market in the U.S., and we’ve got to be equipped with the resources to serve the market in the same way,” Vice Chairman John Rice, who oversees GE’s Technology Infrastructure segment, said today at the Barclays Capital Industrial Select Conference in Miami. “We think it’s critical to our success there.”
GE, which gets more than half of its sales outside the U.S., considers the benefits of operating in China outweighing the risks, such as intellectual property rules that aren’t ideal, Rice said. GE last year announced joint ventures to develop high-speed rail and avionics in the country that will create hundreds and preserve thousands of U.S. jobs, he said.
Sunday, December 20, 2009
Defensive Posture Helped Boost GE, Immelt Says (WSJ)
Defensive Posture Helped Boost GE, Immelt Says
General Electric Co. Chairman and Chief Executive Jeff Immelt told investors Tuesday that the "worst is over" for the company's finance unit, and he forecast that GE revenue next year will roughly equal this year's.
Speaking from the stage of "Saturday Night Live" in New York's Rockefeller Center, Mr. Immelt said GE's outlook improved after the company played "defense" for much of the past year. "I think you can think about the company being back on offense, doing what we do best," he said. He also said the global economic environment is improving, though he expects the recovery to be gradual.
GE projects 2010 revenue of about $155 billion, flat with this year, and a profit margin of about 16%, also unchanged. GE doesn't offer a formal earnings estimate, but Mr. Immelt said he expects sales and profit in GE's industrial units to be roughly flat next year compared with this year. GE said last week it expects profit at its finance unit, GE Capital, to be flat in 2010.
READ THE FULL STORY HERE.
General Electric Co. Chairman and Chief Executive Jeff Immelt told investors Tuesday that the "worst is over" for the company's finance unit, and he forecast that GE revenue next year will roughly equal this year's.
Speaking from the stage of "Saturday Night Live" in New York's Rockefeller Center, Mr. Immelt said GE's outlook improved after the company played "defense" for much of the past year. "I think you can think about the company being back on offense, doing what we do best," he said. He also said the global economic environment is improving, though he expects the recovery to be gradual.
GE projects 2010 revenue of about $155 billion, flat with this year, and a profit margin of about 16%, also unchanged. GE doesn't offer a formal earnings estimate, but Mr. Immelt said he expects sales and profit in GE's industrial units to be roughly flat next year compared with this year. GE said last week it expects profit at its finance unit, GE Capital, to be flat in 2010.
READ THE FULL STORY HERE.
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....
Tuesday, April 22, 2008
Recent News: Philippines, Erie, Pensioner, Tax-Exempt Facility, Jeffert Immelt, Real Estate, ConocoPhillips, and GE Energy
GE partners local firm to build "green" living communities in Philippines
General Electric (GE) and Philippine real estate giant Ayala Land Inc. on Tuesday announced their partnership to build a massive ecologically-sustainable land project in the southern suburban of the Philippine capital of Metro Manila....
GE here at crucial time
The graffiti has been removed, garbage collected and billboards hung to invite hundreds of General Electric Co. shareholders to Erie.There's no telling if it will do anything to improve their mood.GE shareholders and executives, who will convene their annual shareholders meeting Wednesday morning, arrive at what could be a crucial time for the world's largest conglomerate...
An angry GE pensioner (Editorial)
General Electric Company CEO Jeffrey Immelt has some explaining to do at tomorrow's annual meeting in Erie, Pennsylvania in the wake of a first-quarter earnings report that rattled the stocks of shareholders, including many GE retirees in Pittsfield and Berkshire County. Unless Mr. Immelt has suddenly become incompetent, GE's difficulties suggest that the company is not immune to the economic realities that plague other companies, no matter what shareholders and top executives believe...
GE says it wants tax-exempt facility
A multimillion-dollar plant to handle toxic PCBs dredged from the bottom of the Hudson River is the focus of a tax fight between General Electric Co. and the town of Fort Edward. Town officials were stunned when GE, which is building the plant on 110 acres along the Champlain Canal, argued last month that the property should be tax-exempt, Supervisor Mitchell Suprenant said Monday....
Immelt Resists Calls to Shrink GE, Says Strategy Is `Intact'
Chief Executive Officer Jeffrey Immelt said he will resist calls to shrink General Electric Co. beyond an existing plan that includes reducing the company's consumer businesses in slowing economies. ``There are more reviews and intensity, but no real change to the strategy,'' Immelt said in an interview in advance of tomorrow's annual meeting, his first face-to-face meeting with investors since this month's surprise drop in profit. ``The strategy remains intact.''...
How real estate tripped up GE
Anyone who thinks the credit crunch will soon be behind us ought to look more closely at General Electric’s first-quarter results. While the headlines immediately following the disappointing numbers focused on GE as a bellwether for the broader economy, the company’s problems more clearly illustrate how much further real estate prices have to fall before the crunch is over...
ConocoPhillips-GE tie-up in waste water treatment
CONOCOPHILLIPS yesterday said GE Water & Process Technologies has become an equal co-venturer in the former’s Water Sustainability Centre (WSC) at the Qatar Science & Technology Park in Qatar...
GE Energy Executive to Serve on DOE-EAC
GE Energy's general manager of marketing for transmission and distribution business, John McDonald, has been invited by the US Secretary of Energy, Samuel Bodman, to serve a one-year term as a member of the US Department of Energy's Electricity Advisory Committee...
General Electric (GE) and Philippine real estate giant Ayala Land Inc. on Tuesday announced their partnership to build a massive ecologically-sustainable land project in the southern suburban of the Philippine capital of Metro Manila....
GE here at crucial time
The graffiti has been removed, garbage collected and billboards hung to invite hundreds of General Electric Co. shareholders to Erie.There's no telling if it will do anything to improve their mood.GE shareholders and executives, who will convene their annual shareholders meeting Wednesday morning, arrive at what could be a crucial time for the world's largest conglomerate...
An angry GE pensioner (Editorial)
General Electric Company CEO Jeffrey Immelt has some explaining to do at tomorrow's annual meeting in Erie, Pennsylvania in the wake of a first-quarter earnings report that rattled the stocks of shareholders, including many GE retirees in Pittsfield and Berkshire County. Unless Mr. Immelt has suddenly become incompetent, GE's difficulties suggest that the company is not immune to the economic realities that plague other companies, no matter what shareholders and top executives believe...
GE says it wants tax-exempt facility
A multimillion-dollar plant to handle toxic PCBs dredged from the bottom of the Hudson River is the focus of a tax fight between General Electric Co. and the town of Fort Edward. Town officials were stunned when GE, which is building the plant on 110 acres along the Champlain Canal, argued last month that the property should be tax-exempt, Supervisor Mitchell Suprenant said Monday....
Immelt Resists Calls to Shrink GE, Says Strategy Is `Intact'
Chief Executive Officer Jeffrey Immelt said he will resist calls to shrink General Electric Co. beyond an existing plan that includes reducing the company's consumer businesses in slowing economies. ``There are more reviews and intensity, but no real change to the strategy,'' Immelt said in an interview in advance of tomorrow's annual meeting, his first face-to-face meeting with investors since this month's surprise drop in profit. ``The strategy remains intact.''...
How real estate tripped up GE
Anyone who thinks the credit crunch will soon be behind us ought to look more closely at General Electric’s first-quarter results. While the headlines immediately following the disappointing numbers focused on GE as a bellwether for the broader economy, the company’s problems more clearly illustrate how much further real estate prices have to fall before the crunch is over...
ConocoPhillips-GE tie-up in waste water treatment
CONOCOPHILLIPS yesterday said GE Water & Process Technologies has become an equal co-venturer in the former’s Water Sustainability Centre (WSC) at the Qatar Science & Technology Park in Qatar...
GE Energy Executive to Serve on DOE-EAC
GE Energy's general manager of marketing for transmission and distribution business, John McDonald, has been invited by the US Secretary of Energy, Samuel Bodman, to serve a one-year term as a member of the US Department of Energy's Electricity Advisory Committee...
Friday, March 28, 2008
Recent News: GE Real Estate, GE Aviation, GE in Japan, Global Growth, GE Energy in IL & TX, Carbon Emissions, and GE Water in Turkey
GE Invests $18M in Two Apartment Complexes
GE Real Estate of Norwalk, CT has made an equity investment of $17.8 million with partner BH Equities to acquire two adjacent Class A multifamily assets located in this newly developed community 12 miles north of North Dallas. The properties are Benton Pointe, a 456-unit, three-story garden apartment complex at 425 Benton Dr., and Lansbrook at Twin Creek, a 288-unit, two-story garden apartment complex at 505 Benton Dr....
GE Aviation, Rolls-Royce complete testing phase for F136 engine
The F136 engine being developed by GE Aviation and Rolls-Royce for the U.S. Joint Strike Fighter (F-35) program, has moved another step toward production, the companies said....
Japanese biomass fires up GE engines
Two General Electric Jenbacher gas engines fueled by gasified wood chips are operating at Japan’s largest wood gas-to-energy plant, producing 2 megawatts of electricity for local power 400 kilometers north of Tokyo...
GE looking overseas to find growth
Worried about the U.S. economy? Go global.That's the philosophy of the massive conglomerate, which is globalizing all of its businesses. Overseas sales accounted for more than half of GE's total revenue for the first time last year, and there is likely more growth ahead....
GE Finalizes its Exit from Japanese Consumer Finance
An auction for General Electric Co.’s consumer finance business in Japan is entering its final stage, signaling the latest stage of consolidation of the ailing industry....
GE invests in Texas, Illinois wind projects
GE Energy Financial Services, a unit of GE, is partnering for the third time with leading global wind power developer Invenergy Wind LLC, by investing in Illinois and Texas wind farms that will produce emissions-free electricity equivalent to taking 96,000 average US cars off the road. Together, the two projects will produce nearly 250 megawatts of power...
Ahead of the Pack
General Electric Co. Chairman and CEO Jeffrey R. Immelt has become one of the country's leading advocates of government-mandated caps on carbon emissions. Not because he's an environmentalist -- he says he isn't -- but because he feels government will impose those caps someday so business should get out in front on the issue...
GE has plans for desalination facilities in Turkey
Kürşat Özkan, General Electric’s regional executive for Turkey and southwest Asia, has said that his company has been working on a number of projects to desalinate sea water and to recycle used water, moves of critical importance as climatologists suggest Turkey will be countries facing serious water shortages in 20 to 25 years....
GE Real Estate of Norwalk, CT has made an equity investment of $17.8 million with partner BH Equities to acquire two adjacent Class A multifamily assets located in this newly developed community 12 miles north of North Dallas. The properties are Benton Pointe, a 456-unit, three-story garden apartment complex at 425 Benton Dr., and Lansbrook at Twin Creek, a 288-unit, two-story garden apartment complex at 505 Benton Dr....
GE Aviation, Rolls-Royce complete testing phase for F136 engine
The F136 engine being developed by GE Aviation and Rolls-Royce for the U.S. Joint Strike Fighter (F-35) program, has moved another step toward production, the companies said....
Japanese biomass fires up GE engines
Two General Electric Jenbacher gas engines fueled by gasified wood chips are operating at Japan’s largest wood gas-to-energy plant, producing 2 megawatts of electricity for local power 400 kilometers north of Tokyo...
GE looking overseas to find growth
Worried about the U.S. economy? Go global.That's the philosophy of the massive conglomerate, which is globalizing all of its businesses. Overseas sales accounted for more than half of GE's total revenue for the first time last year, and there is likely more growth ahead....
GE Finalizes its Exit from Japanese Consumer Finance
An auction for General Electric Co.’s consumer finance business in Japan is entering its final stage, signaling the latest stage of consolidation of the ailing industry....
GE invests in Texas, Illinois wind projects
GE Energy Financial Services, a unit of GE, is partnering for the third time with leading global wind power developer Invenergy Wind LLC, by investing in Illinois and Texas wind farms that will produce emissions-free electricity equivalent to taking 96,000 average US cars off the road. Together, the two projects will produce nearly 250 megawatts of power...
Ahead of the Pack
General Electric Co. Chairman and CEO Jeffrey R. Immelt has become one of the country's leading advocates of government-mandated caps on carbon emissions. Not because he's an environmentalist -- he says he isn't -- but because he feels government will impose those caps someday so business should get out in front on the issue...
GE has plans for desalination facilities in Turkey
Kürşat Özkan, General Electric’s regional executive for Turkey and southwest Asia, has said that his company has been working on a number of projects to desalinate sea water and to recycle used water, moves of critical importance as climatologists suggest Turkey will be countries facing serious water shortages in 20 to 25 years....
Friday, February 29, 2008
Seeking Alpha - GE: Nuclear Growth Galore
Seeking Alpha
Can you name the one company that, for the past five years, has steadily increased its revenue YoY, earnings per share, dividends and per share book value, yet its share price has gone literally nowhere? That company, of course is General Electric – the mega-conglomerate with a market cap of $335 billion. As if these reasons were not good enough to love GE, consider that GE's current 3.7% dividend yield is roughly equal to the interest on the richest savings accounts. You'll also be happy to know that in today's volatile market GE is relatively safe, sporting a β of only .8, trading within about 10% of its 4-year low and at a P/E of about 15 - the very low end of its 10 year range...
Monday, February 4, 2008
Recent News: United Arab Emirates, MEA Growth, Robert Wright, GE Asset Management, GE Money, and SmartPay
Mohammed, GE CEO explore business opportunities
General Sheikh Mohammed bin Zayed Al Nahyan, crown prince of Abu Dhabi and deputy supreme commander of the UAE Armed Forces, held talks Wednesday with Chief Executive Officer of General Electric Company (GE) Jeff Immelt over the diversified business opportunities available for foreign investors in the emirate of Abu Dhabi...
GE in strong global growth
General Electric Company has announced revenues from the Middle East and Africa region reached US$8 billion last year, up 45 per cent compared with revenues in 2006...
UPDATE: GE's Wright To Retire, Takes Post At Lee Equity
Robert Wright, vice chairman and director of General Electric Co. (GE), agreed to serve as senior advisor to Lee Equity Partners LLC, the private equity firm said Thursday...
GE announces 9 new cameras at PMA 2008
One of the largest photography trade shows is getting underway in Las Vegas. Most of the major companies are there, Kodak, Sony, Nikon, FujiFilm and a relative newcomer to digital Photography, GE. To date, GE hasn’t exactly wowed us with image quality but 9 new models may improve GE’s standing...
GE Asset Looks to Close the Information Loop
After 21 years at GE Asset Management, Damian Maroun has developed a good sense of what's expected from the trading desk. The senior vice president of global equity trading says his desk must provide information that gives portfolio managers an edge in today's marketplace...
Crisil puts GE Money arms on Rating Watch
Crisil has placed its ratings on the debt programmes of GE Money Financial Services Ltd (GEMFSL) and GE Money Housing Finance (GEMHF) on ‘Rating Watch with Developing Implications’...
GE subsidiary bows out of SmartPay purchase card program
GE Money is dropping out of the government charge card program, SmartPay 2, a company spokesman confirmed Jan. 31...
General Sheikh Mohammed bin Zayed Al Nahyan, crown prince of Abu Dhabi and deputy supreme commander of the UAE Armed Forces, held talks Wednesday with Chief Executive Officer of General Electric Company (GE) Jeff Immelt over the diversified business opportunities available for foreign investors in the emirate of Abu Dhabi...
GE in strong global growth
General Electric Company has announced revenues from the Middle East and Africa region reached US$8 billion last year, up 45 per cent compared with revenues in 2006...
UPDATE: GE's Wright To Retire, Takes Post At Lee Equity
Robert Wright, vice chairman and director of General Electric Co. (GE), agreed to serve as senior advisor to Lee Equity Partners LLC, the private equity firm said Thursday...
GE announces 9 new cameras at PMA 2008
One of the largest photography trade shows is getting underway in Las Vegas. Most of the major companies are there, Kodak, Sony, Nikon, FujiFilm and a relative newcomer to digital Photography, GE. To date, GE hasn’t exactly wowed us with image quality but 9 new models may improve GE’s standing...
GE Asset Looks to Close the Information Loop
After 21 years at GE Asset Management, Damian Maroun has developed a good sense of what's expected from the trading desk. The senior vice president of global equity trading says his desk must provide information that gives portfolio managers an edge in today's marketplace...
Crisil puts GE Money arms on Rating Watch
Crisil has placed its ratings on the debt programmes of GE Money Financial Services Ltd (GEMFSL) and GE Money Housing Finance (GEMHF) on ‘Rating Watch with Developing Implications’...
GE subsidiary bows out of SmartPay purchase card program
GE Money is dropping out of the government charge card program, SmartPay 2, a company spokesman confirmed Jan. 31...
Tuesday, January 22, 2008
Recent News: NBC, Spain, Biffa, Foreign Growth, GE Energy, Earnings, and Plant Closure.
Strike doesn't dim GE's Q4
The bottom line at NBC Universal during the fourth quarter was not damaged by the writers strike, and the same should hold true this quarter...
GE Studies Offer For Spain' Inmobiliaria Colonial -Report
General Electric Co. (GE) is studying a possible takeover offer on Spain's Inmobiliaria Colonial SA (COL.MC), which might spark a bidding war with France's Gecina (1004086.FR) for the Spanish real-estate company, reports Expansion in its Monday Internet edition...
GE-backed group makes 1.5 bln stg bid for Biffa - report
An investment group backed by General Electric Co has made an approach worth 1.5 bln stg for British waste collection group Biffa PLC, The Sunday Telegraph reported...
Foreign Growth Boosts GE’s 2007 Earnings
For the first time, overseas growth and revenue compromised more than half of General Electric Co. fourth-quarter earnings...
GE stocks are great buy, to best market
America’s largest industrial conglomerate ought to be a fairly reliable barometer for the economy and stock market. But General Electric Co. looks more like a contrarian indicator. Its robust fourth quarter results vindicate boss Jeff Immelt’s reshuffling of the portfolio to focus on businesses that can outpace the US economy. With a fat order book and a triple-A credit rating, GE looks all set to outperform the market. After the US market’s worst three-day plunge in five years, investors in equities were desperate for some good news. GE obliged. The maker of turbines and light bulbs delivered 17% earnings growth in the fourth quarter and reaffirmed its guidance for at least 10% growth this year....
Biffa gets approach from GE-backed fund: report
British waste collection firm Biffa has received a counter-approach worth around 1.5 billion pounds ($3 billion) from the infrastructure fund of one of the world's largest companies, General Electric, according to the Sunday Telegraph newspaper...
GE Energy to showcase efficient energy technologies at World Future of Energy Summit in Abu Dhabi
GE Energy, a leading supplier of power generation and energy delivery technologies, is showcasing its range of cleaner, reliable and more efficient energy technologies at the World Future of Energy Summit to be held from January 21 to 23, 2008, at the Abu Dhabi Exhibition Centre. GE will exhibit...
Open Letter to Leno, Maher and G.E. from your Anti-Censorship "Disruptors"
On Tuesday, January 15th, four free speech/fair election patriots visited the set of The Tonight Show with Jay Leno (and guest, Bill Maher, who was coincidentally appearing), to voice their displeasure over NBC, MSNBC and parent company General Electric's refusal to allow Congressman Dennis Kucinich to debate his fellow Democrats in MSNBC's...
GE Earnings Report: Great Numbers, Short Sermon
GE reported record 4Q and Full-Year Results for 2007; 4Q EPS up 17%; 18% for the Year 4Q Orders of $27 billion, up 18%; 4Q Revenues of $48.6 billion, up 18%; Infrastructure Segment Profit up 26%; Global Revenues up 27%. Additionally, if that was not good enough, they reaffirmed 2008 guidance...
INSIDE INDIANA BUSINESS column: GE plans to shut Bloomington operations
General Electric has announced it expects to close its Bloomington plant by the fourth quarter of 2009. The company says 837 hourly and 59 salaried workers would be affected by the closure. The company claims the plant loses about $45 million each year because of declining side-by-side refrigerator sales and rising material and labor costs...
The bottom line at NBC Universal during the fourth quarter was not damaged by the writers strike, and the same should hold true this quarter...
GE Studies Offer For Spain' Inmobiliaria Colonial -Report
General Electric Co. (GE) is studying a possible takeover offer on Spain's Inmobiliaria Colonial SA (COL.MC), which might spark a bidding war with France's Gecina (1004086.FR) for the Spanish real-estate company, reports Expansion in its Monday Internet edition...
GE-backed group makes 1.5 bln stg bid for Biffa - report
An investment group backed by General Electric Co has made an approach worth 1.5 bln stg for British waste collection group Biffa PLC, The Sunday Telegraph reported...
Foreign Growth Boosts GE’s 2007 Earnings
For the first time, overseas growth and revenue compromised more than half of General Electric Co. fourth-quarter earnings...
GE stocks are great buy, to best market
America’s largest industrial conglomerate ought to be a fairly reliable barometer for the economy and stock market. But General Electric Co. looks more like a contrarian indicator. Its robust fourth quarter results vindicate boss Jeff Immelt’s reshuffling of the portfolio to focus on businesses that can outpace the US economy. With a fat order book and a triple-A credit rating, GE looks all set to outperform the market. After the US market’s worst three-day plunge in five years, investors in equities were desperate for some good news. GE obliged. The maker of turbines and light bulbs delivered 17% earnings growth in the fourth quarter and reaffirmed its guidance for at least 10% growth this year....
Biffa gets approach from GE-backed fund: report
British waste collection firm Biffa has received a counter-approach worth around 1.5 billion pounds ($3 billion) from the infrastructure fund of one of the world's largest companies, General Electric, according to the Sunday Telegraph newspaper...
GE Energy to showcase efficient energy technologies at World Future of Energy Summit in Abu Dhabi
GE Energy, a leading supplier of power generation and energy delivery technologies, is showcasing its range of cleaner, reliable and more efficient energy technologies at the World Future of Energy Summit to be held from January 21 to 23, 2008, at the Abu Dhabi Exhibition Centre. GE will exhibit...
Open Letter to Leno, Maher and G.E. from your Anti-Censorship "Disruptors"
On Tuesday, January 15th, four free speech/fair election patriots visited the set of The Tonight Show with Jay Leno (and guest, Bill Maher, who was coincidentally appearing), to voice their displeasure over NBC, MSNBC and parent company General Electric's refusal to allow Congressman Dennis Kucinich to debate his fellow Democrats in MSNBC's...
GE Earnings Report: Great Numbers, Short Sermon
GE reported record 4Q and Full-Year Results for 2007; 4Q EPS up 17%; 18% for the Year 4Q Orders of $27 billion, up 18%; 4Q Revenues of $48.6 billion, up 18%; Infrastructure Segment Profit up 26%; Global Revenues up 27%. Additionally, if that was not good enough, they reaffirmed 2008 guidance...
INSIDE INDIANA BUSINESS column: GE plans to shut Bloomington operations
General Electric has announced it expects to close its Bloomington plant by the fourth quarter of 2009. The company says 837 hourly and 59 salaried workers would be affected by the closure. The company claims the plant loses about $45 million each year because of declining side-by-side refrigerator sales and rising material and labor costs...
Friday, January 4, 2008
USA TODAY CEO Forum: GE sees growth opportunities
USA TODAY CEO Forum: GE sees growth opportunities (PDF)
Many executives would find it hard to be cheery as they enter a new year marked by a wobbly economy, uncertain political trends and new technologies that pose profound challenges to old business models...
Many executives would find it hard to be cheery as they enter a new year marked by a wobbly economy, uncertain political trends and new technologies that pose profound challenges to old business models...
Monday, April 23, 2007
Healthcare, Transportation, Finance, and more
- Georgia healthcare system to install GE's radio frequency ID (Wisconsin Technology Network)
- GE sees 10 pct of revenue stemming from green products by 2010 - vice president (Forbes)
- GE signs nuclear deal with Hitachi (MENAFN.com)
- GE Healthcare Introduces New Purifcation Kits For Improved DNA Analysis (Medial News Today)
- FDA Clears GE Healthcare's Next-Generation Volume PET/CT Application For Oncology Clinicians (Medical Mews Today)
- GE finance division sees strong growth (Farifield County Business Journal)
- GE Transportation signs a contract to overhaul Tazara (Business in Africa)
- GE Healthcare showcases comprehensive portfolio at Arab Radiological Congress (AMEInfo)
- GE Healthcare Financial Services Closes $20 Million DealWith Centric Health Finance (Businesswire)
- Stockpickr: Barron's Roundup - Insider Buying - (TheStreet.com)
- GE Corporate Lending Provides $365 Million Credit Facility to WESCO Distribution, Inc(Businesswire / MSN)
- GE sees 10 pct of revenue stemming from green products by 2010 - vice president (Forbes)
- GE signs nuclear deal with Hitachi (MENAFN.com)
- GE Healthcare Introduces New Purifcation Kits For Improved DNA Analysis (Medial News Today)
- FDA Clears GE Healthcare's Next-Generation Volume PET/CT Application For Oncology Clinicians (Medical Mews Today)
- GE finance division sees strong growth (Farifield County Business Journal)
- GE Transportation signs a contract to overhaul Tazara (Business in Africa)
- GE Healthcare showcases comprehensive portfolio at Arab Radiological Congress (AMEInfo)
- GE Healthcare Financial Services Closes $20 Million DealWith Centric Health Finance (Businesswire)
- Stockpickr: Barron's Roundup - Insider Buying - (TheStreet.com)
- GE Corporate Lending Provides $365 Million Credit Facility to WESCO Distribution, Inc(Businesswire / MSN)
Monday, April 16, 2007
Acquisition: Wave Biotech LLC
- GE Healthcare Acquires Wave Biotech LLC, Broadening Capabilities in Growing Biopharmaceutical Manufacture Segment (BusinessWire / MSN Money)
- GE Healthcare Purchases Wave Biotech - Quick Facts (Trading Markets)
- GE Buys Wave Biotech (TheStreet.com)
- GE HEALTHCARE ACQUIRES WAVE BIOTECH LLC, BROADENING CAPABILITIES IN GROWING BIOPHARMACEUTICAL MANUFACTURE SEGMENT (GE News Release)
- GE Healthcare (GE Website)
- Wave Biotech LLC. (Wave Biotech Website)
- GE Healthcare Purchases Wave Biotech - Quick Facts (Trading Markets)
- GE Buys Wave Biotech (TheStreet.com)
- GE HEALTHCARE ACQUIRES WAVE BIOTECH LLC, BROADENING CAPABILITIES IN GROWING BIOPHARMACEUTICAL MANUFACTURE SEGMENT (GE News Release)
- GE Healthcare (GE Website)
- Wave Biotech LLC. (Wave Biotech Website)
Friday, April 13, 2007
Recent News
- United Colors of General Electric: Fool by Numbers (Motley Fool)
- US STOCKS-Blue chips gain on higher profit forecasts (Reuters)
- GE profit up, driven by infrastructure growth (Reuters)
- Mortgages Don't Hinder GE Earnings (Forbes)
- Stocks to open mixed; economy, GE in focus (Reuters)
- Looking for Light From GE (TheStreet.com)
- Barnes Aerospace, GE in ink deal (BusinessWeek.com)
- General Electric to expand in Germany through more staff, coops, acquisitions (Forbes)
- Secrets of an HR Superstar (BusinessWeek.com)
- GE executive predicts growth in real estate (San Jose Mercury News)
