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 power. Show all posts
Showing posts with label power. Show all posts
Sunday, March 7, 2010
Tuesday, March 2, 2010
United Technologies Acquires GE Security and Energy Policy
United Technologies buys GE security operations
HARTFORD, Conn. — United Technologies Corp. says it has completed its $1.82 billion purchase of General Electric Co.'s fire detection and electronic security business.
CEO Louis Chenevert said Monday the acquisition strengthens United Technologies' fire and security business.
United Technologies, parent of jet engine maker Pratt & Whitney, Otis elevator and Sikorsky Aircraft, announced the deal in November.
GE’s Immelt Says U.S. Needs Strong Actions on Energy
The U.S. government must take “strong actions” to stay competitive with countries such as China and Japan in a race to build wind turbines and nuclear reactors, General Electric Co. chief Jeffrey Immelt said.
“Right now we have no certainty around an energy future,” Immelt, GE’s chief executive officer, said today in a speech to the ARPA-E Energy Innovation Conference in Washington’s Maryland suburbs. “Let’s not take this growth industry and give it to every other country in the world but the U.S.”
Asia makes more than half the world’s wind and solar energy equipment, and is gaining ground as U.S. factories lose out to cheaper labor and higher demand for clean energy. China for the first time topped the U.S. in wind-turbine manufacturing and installations last year, the Brussels-based Global Wind Energy Council said yesterday in a report.
Immelt has helped lead the U.S. Climate Action Partnership, or USCAP, a coalition of businesses and environmental groups calling for Congress to put a cap on carbon-dioxide emissions. The group says legislation is needed so companies such as utilities and their suppliers know how to proceed with long-term investments. A measure passed by the House last year has stalled in the Senate.
HARTFORD, Conn. — United Technologies Corp. says it has completed its $1.82 billion purchase of General Electric Co.'s fire detection and electronic security business.
CEO Louis Chenevert said Monday the acquisition strengthens United Technologies' fire and security business.
United Technologies, parent of jet engine maker Pratt & Whitney, Otis elevator and Sikorsky Aircraft, announced the deal in November.
GE’s Immelt Says U.S. Needs Strong Actions on Energy
The U.S. government must take “strong actions” to stay competitive with countries such as China and Japan in a race to build wind turbines and nuclear reactors, General Electric Co. chief Jeffrey Immelt said.
“Right now we have no certainty around an energy future,” Immelt, GE’s chief executive officer, said today in a speech to the ARPA-E Energy Innovation Conference in Washington’s Maryland suburbs. “Let’s not take this growth industry and give it to every other country in the world but the U.S.”
Asia makes more than half the world’s wind and solar energy equipment, and is gaining ground as U.S. factories lose out to cheaper labor and higher demand for clean energy. China for the first time topped the U.S. in wind-turbine manufacturing and installations last year, the Brussels-based Global Wind Energy Council said yesterday in a report.
Immelt has helped lead the U.S. Climate Action Partnership, or USCAP, a coalition of businesses and environmental groups calling for Congress to put a cap on carbon-dioxide emissions. The group says legislation is needed so companies such as utilities and their suppliers know how to proceed with long-term investments. A measure passed by the House last year has stalled in the Senate.
Sunday, December 20, 2009
GE-Hitachi / Detroit Edison Nuclear Plant (WSJ)
GE-Hitachi, Detroit Edison Reach Deal For Nuclear Plant
The nuclear-power joint venture of General Electric Co. (GE) and Hitachi Ltd. (HIT, 6501.TO) has reached an agreement with DTE Energy Co.'s (DTE) Detroit Edison utility related to the venture's next-generation nuclear reactor.
The deal on site-preparation work moves the project ahead in its federal license application process.
Detroit Edison, Michigan's largest utility, is using the reactor design in its application to the U.S. Nuclear Regulatory Commission to construct and operate a proposed generator on the site of the company's Fermi 2 Power Plant, located 35 miles south of Detroit.
Sunday, September 28, 2008
Recent News: GE Healthcare, Jack Welch, Defense Department Contract, Outlook, Jeff Immelt, Jeff Zucker, NBC Universal. Iraq Power, Global Growth
GE enters home health care monitoring market
GE Healthcare, a business of General Electric Co., is entering a potential $5 billion international market providing health monitors for the elderly who live alone. GE Healthcare announced Wednesday an agreement with privately held Living Independently Group Inc., a provider of a wireless monitoring system to distribute monitors to seniors and develop new applications....
Former GE Boss Jack Welch Predicts Deep Economic Downturn
Former General Electric Co. chairman and chief executive Jack Welch said Wednesday that the U.S. was in for "one hell of a deep downturn." He urged swift and decisive action to confront the current financial crisis, expressing support for the $700-billion financial relief package proposed by the Bush administration....
GE gets $15M engine contract by Defense Department
The Defense Department has awarded a $15 million contract to a division of General Electric Co. for work on aircraft engine parts....
General Electric revises 3Q, full-year outlook
General Electric has lowered its outlook for third-quarter and full-year earnings, citing unprecedented weakness and volatility in the financial services markets. The company also has reaffirmed its commitment to maintaining a 'AAA' credit rating, and is taking steps to bolster its capital and liquidity position....
Immelt: Things Will Turn Around
After dropping more than 4% in early trading, GE shares were up nearly 4% at midday, after General Electric CEO Jeff Immelt said the credit storm has been rough on the company but won't sink it. Immelt emphasized during a (General Electric-owned) CNBC appearance that his company is "not in the credit default swap business," helping to alleviate fears--for now--that the company's problems with its GE Capital unit will plague it for the long haul...
Jeff Zucker says GE committed to NBC Uni
NBC Universal president and CEO Jeff Zucker reiterated the strength of parent GE's commitment to the media company Friday, calling it "profound" despite the recent financial turmoil and the profit warning issued Thursday by GE."I think it's looking at it backwards," he said, when asked whether GE was under renewed pressure to sell NBC because of the tightening of liquidity in financial markets....
Generally Weaker GE
GENERAL ELECTRIC PREANNOUNCED third-quarter earnings per share Thursday with a new range of 43 cents-48 cents down from prior guidance of 50 cents-54 cents. The company also lowered fiscal 2008 EPS guidance to $1.95-$2.10 from $2.20-$2.30....
Iraq signs bln-dollar power deals with GE, Siemens
Iraq has signed preliminary deals worth billions of dollars with General Electric Co and Siemens for equipment to almost double electricity generation capacity, an energy official said on Saturday....
GE gets cautious
When Jack Welch said his protégé, Jeff Immelt, was "getting his ass kicked" following a profit warning this year, the General Electric boss could console himself by pointing to a steady rise in cash returns to shareholders through dividends and buybacks. Yesterday's warning, accompanied by the suspension of buybacks and the first dividend freeze in 32 years, leaves Mr Immelt under more pressure than at any time since he took the reins in 2001....
GE: Betting on a Global Growth Story
Buying GE (GE)...safe 5% yield and 10 times earnings....picked up some for $24.77 a share Friday morning. I first became really interested in GE when shares hit $23 and change but did not pull the trigger. On Thursday, GE lowered guidance for the quarter and the year. Not a real surprise given conditions out there but two questions I had were answered. Was the dividend safe, and was its 'AAA' rating safe? The answer to both was yes....
GE Healthcare, a business of General Electric Co., is entering a potential $5 billion international market providing health monitors for the elderly who live alone. GE Healthcare announced Wednesday an agreement with privately held Living Independently Group Inc., a provider of a wireless monitoring system to distribute monitors to seniors and develop new applications....
Former GE Boss Jack Welch Predicts Deep Economic Downturn
Former General Electric Co. chairman and chief executive Jack Welch said Wednesday that the U.S. was in for "one hell of a deep downturn." He urged swift and decisive action to confront the current financial crisis, expressing support for the $700-billion financial relief package proposed by the Bush administration....
GE gets $15M engine contract by Defense Department
The Defense Department has awarded a $15 million contract to a division of General Electric Co. for work on aircraft engine parts....
General Electric revises 3Q, full-year outlook
General Electric has lowered its outlook for third-quarter and full-year earnings, citing unprecedented weakness and volatility in the financial services markets. The company also has reaffirmed its commitment to maintaining a 'AAA' credit rating, and is taking steps to bolster its capital and liquidity position....
Immelt: Things Will Turn Around
After dropping more than 4% in early trading, GE shares were up nearly 4% at midday, after General Electric CEO Jeff Immelt said the credit storm has been rough on the company but won't sink it. Immelt emphasized during a (General Electric-owned) CNBC appearance that his company is "not in the credit default swap business," helping to alleviate fears--for now--that the company's problems with its GE Capital unit will plague it for the long haul...
Jeff Zucker says GE committed to NBC Uni
NBC Universal president and CEO Jeff Zucker reiterated the strength of parent GE's commitment to the media company Friday, calling it "profound" despite the recent financial turmoil and the profit warning issued Thursday by GE."I think it's looking at it backwards," he said, when asked whether GE was under renewed pressure to sell NBC because of the tightening of liquidity in financial markets....
Generally Weaker GE
GENERAL ELECTRIC PREANNOUNCED third-quarter earnings per share Thursday with a new range of 43 cents-48 cents down from prior guidance of 50 cents-54 cents. The company also lowered fiscal 2008 EPS guidance to $1.95-$2.10 from $2.20-$2.30....
Iraq signs bln-dollar power deals with GE, Siemens
Iraq has signed preliminary deals worth billions of dollars with General Electric Co and Siemens for equipment to almost double electricity generation capacity, an energy official said on Saturday....
GE gets cautious
When Jack Welch said his protégé, Jeff Immelt, was "getting his ass kicked" following a profit warning this year, the General Electric boss could console himself by pointing to a steady rise in cash returns to shareholders through dividends and buybacks. Yesterday's warning, accompanied by the suspension of buybacks and the first dividend freeze in 32 years, leaves Mr Immelt under more pressure than at any time since he took the reins in 2001....
GE: Betting on a Global Growth Story
Buying GE (GE)...safe 5% yield and 10 times earnings....picked up some for $24.77 a share Friday morning. I first became really interested in GE when shares hit $23 and change but did not pull the trigger. On Thursday, GE lowered guidance for the quarter and the year. Not a real surprise given conditions out there but two questions I had were answered. Was the dividend safe, and was its 'AAA' rating safe? The answer to both was yes....
Thursday, September 18, 2008
Recent News: GE Aviation, Bear Market Investors, Nigerian Power Project, and Google Energy News Conference
GE Aviation CEO Joyce adds senior position with parent firm
General Electric Co. has promoted David Joyce to senior vice president following his appointment in July as president and CEO of Evendale-based GE Aviation. Joyce, 51, was previously head of commercial engines since 2002...
GE Attracts Bearish Investors
As Wall Street struggled to come to grips with the blast of bad news from the financial sector Monday, options traders fixed their attention on General Electric Co. There was a whirl of activity in GE options on Monday, and trading spiked to six times the normal level. Investors showed a clear bias toward bearish contracts, picking up 301,000 calls that allow them to buy GE's stock and 442,000 puts that allow them to sell it, according to Trade Alert....
NIPP: We Didn’t Bribe Nigerian Officials – General Electric
General Electric (GE), the global infrastructure, technology, media and financial services company, yesterday absolved itself of any complicity in the scandal that rocked the National Integrated Power Project, NIPP, saying it carried out its obligations to the letter.Replying reporters' questions in Abuja on the role of the US-based company, President and CEO of GE International, Ferdinando Nani Beccalli, who was in Abuja for the first "GE Day" in Nigeria...
GE, Google plan news conference on energy plans
Energy conglomerate General Electric Co and Internet leader Google Inc plan to hold a news conference shortly on unspecified joint energy projects, the companies said on Wednesday....
Monday, September 8, 2008
Recent News: Iraq Power Plants, GE Lawsuit, CIT Aerospace Order, and Accounting Investigation
Talks with GE on power plants in Iraq
Talks are starting on Saturday between the Iraqi electricity ministry and the U.S. company General Electric (GE) on providing Iraq with power plants that could produce 4-6,000 megawatt of electric power in a first stage, a ministry spokesman said.
"A delegation under Electricity Minister Kareem Waheed left Iraq on Friday heading for Amman, Jordan, for a meeting today on the first round of talks with GE pertaining to a contract to install power plants in Iraq," Aziz Sultan said in statements to Aswat al-Iraq - Voices of Iraq - (VOI)....
General Electric Faces Lawsuit From Investors
Friday evening, Scott & Scott LLP filed a lawsuit against General Electric (NYSE: GE) relating to inaccurate reports of financial earnings information in their first quarter of 2008. According to investors GE has violated the Securities Exchange Act of 1934. The suit charges that GE reported 10% earnings per share in the first quarter of 2008 instead of the actual loss of 2%...
CIT Aerospace places $320M order with GE Aviation, CFM
Aircraft financing firm CIT Aerospace has tapped GE Aviation and CFM International for $320 million in engine orders the companies said Monday. CIT will purchase CFM’s CFM56-5B engine to power 15 Airbus A320 aircraft, and GE’s CF6-80E1 engine to power four Airbus A330 aircraft. The CFM engine order, worth about $200 million at list price...
Will GE Hedge Accounting Pass Muster?
General Electric said it faces possible civil action by the Securities and Exchange Commission stemming from an investigation into its use of hedge accounting for derivatives. The conglomerate said in a regulatory filing released on Friday that the SEC staff issued a "Wells notice" recommending that the commission considers bringing a civil injunctive action against GE for possible violations of securities laws....
Talks are starting on Saturday between the Iraqi electricity ministry and the U.S. company General Electric (GE) on providing Iraq with power plants that could produce 4-6,000 megawatt of electric power in a first stage, a ministry spokesman said.
"A delegation under Electricity Minister Kareem Waheed left Iraq on Friday heading for Amman, Jordan, for a meeting today on the first round of talks with GE pertaining to a contract to install power plants in Iraq," Aziz Sultan said in statements to Aswat al-Iraq - Voices of Iraq - (VOI)....
General Electric Faces Lawsuit From Investors
Friday evening, Scott & Scott LLP filed a lawsuit against General Electric (NYSE: GE) relating to inaccurate reports of financial earnings information in their first quarter of 2008. According to investors GE has violated the Securities Exchange Act of 1934. The suit charges that GE reported 10% earnings per share in the first quarter of 2008 instead of the actual loss of 2%...
CIT Aerospace places $320M order with GE Aviation, CFM
Aircraft financing firm CIT Aerospace has tapped GE Aviation and CFM International for $320 million in engine orders the companies said Monday. CIT will purchase CFM’s CFM56-5B engine to power 15 Airbus A320 aircraft, and GE’s CF6-80E1 engine to power four Airbus A330 aircraft. The CFM engine order, worth about $200 million at list price...
Will GE Hedge Accounting Pass Muster?
General Electric said it faces possible civil action by the Securities and Exchange Commission stemming from an investigation into its use of hedge accounting for derivatives. The conglomerate said in a regulatory filing released on Friday that the SEC staff issued a "Wells notice" recommending that the commission considers bringing a civil injunctive action against GE for possible violations of securities laws....
Sunday, June 29, 2008
Recent News: NBC, GE Energy, CEO Hot Seat, Digital Microscope, and Solar
NBC sells $1.9 billion in 'upfront' ads
NBC Television has sold about $1.9 billion in advertising sales for the fall season, the first broadcaster to sell nearly all of its available commercials during the annual "upfront" period, a source familiar with the situation confirmed Friday....
GE shares in $1B Algerian power plant contract
A partnership that includes a unit of conglomerate General Electric Co. has received a contract worth nearly $1 billion to build a new power plant in Algeria. GE Energy and its partner, Algerian electric company Shariket Karhaba Koudiet Eddraouch Spa, received the contract for the 1,200-megawatt gas-turbine power plant....
Time Warner says no agenda for NBC deal
Media conglomerate Time Warner Inc said on Monday it has no agenda regarding buying General Electric Co's NBC Universal but it would consider the matter if the unit came up for sale.
"We don't need to or have a particular agenda with regard to those networks," Time Warner Chief Executive Jeffrey Bewkes said in response to a question at a Deutsche Bank media and telecom conference. "We'd have to look at that if and when it came up."
CEO’s on the Hot Seat: LEH, JAVA, GE
It’s all about managing expectations well and staying credible in the eye of the public, which unfortunately these top management folks haven’t done...
GE Energy buys Dallas-based mobile mapping firm
GE Energy, a unit of conglomerate General Electric Co., said Wednesday it will buy MapFrame, a Dallas-based provider of mobile mapping services, in a move to expand its utility transmission and distribution portfolio....
Digital microscope could be $500 mln business-GE
A General Electric Co joint venture to develop a device to allow doctors to view tissue samples from patients on computer monitors rather than using microscopes could be generating $500 million in annual revenue within the next decade, the head of the venture said....
GE Energy buys majority share in PrimeStar Solar
GE Energy has increased its equity share in PrimeStar Solar, becoming the majority shareholder in the solar thin-film technology and manufacturing company. GE Energy had held a minority equity share in the company since September 2007....
NBC Television has sold about $1.9 billion in advertising sales for the fall season, the first broadcaster to sell nearly all of its available commercials during the annual "upfront" period, a source familiar with the situation confirmed Friday....
GE shares in $1B Algerian power plant contract
A partnership that includes a unit of conglomerate General Electric Co. has received a contract worth nearly $1 billion to build a new power plant in Algeria. GE Energy and its partner, Algerian electric company Shariket Karhaba Koudiet Eddraouch Spa, received the contract for the 1,200-megawatt gas-turbine power plant....
Time Warner says no agenda for NBC deal
Media conglomerate Time Warner Inc said on Monday it has no agenda regarding buying General Electric Co's NBC Universal but it would consider the matter if the unit came up for sale.
"We don't need to or have a particular agenda with regard to those networks," Time Warner Chief Executive Jeffrey Bewkes said in response to a question at a Deutsche Bank media and telecom conference. "We'd have to look at that if and when it came up."
CEO’s on the Hot Seat: LEH, JAVA, GE
It’s all about managing expectations well and staying credible in the eye of the public, which unfortunately these top management folks haven’t done...
GE Energy buys Dallas-based mobile mapping firm
GE Energy, a unit of conglomerate General Electric Co., said Wednesday it will buy MapFrame, a Dallas-based provider of mobile mapping services, in a move to expand its utility transmission and distribution portfolio....
Digital microscope could be $500 mln business-GE
A General Electric Co joint venture to develop a device to allow doctors to view tissue samples from patients on computer monitors rather than using microscopes could be generating $500 million in annual revenue within the next decade, the head of the venture said....
GE Energy buys majority share in PrimeStar Solar
GE Energy has increased its equity share in PrimeStar Solar, becoming the majority shareholder in the solar thin-film technology and manufacturing company. GE Energy had held a minority equity share in the company since September 2007....
Friday, November 23, 2007
Recent News: GE Wind, Edison Exploratorium, Algeria Power, and GE Healthcare
Invenergy to buy 800 MW of GE wind power turbines
Invenergy LLC's Invenergy Wind LLC subsidiary agreed to buy an additional 800 megawatts of wind turbines from General Electric Co for projects slated for construction in 2009 in North America and Europe...
Edison Exploratorium announces plans to move to Erie Blvd.
A group calling itself the Edison Exploratorium announced its desire to buy a 12-acre site along Erie Boulevard where it plans to preserve the history of General Electric and promote the field of engineering...
UPDATE 1-Algeria awards $4.1 bln of power plant deals
ALGIERS, Nov 20 (Reuters) - Alstom, General Electric, and two other engineering companies won deals worth $4.1 billion on Tuesday to build power stations in Algeria, the north African country's state electricity company...
GE Healthcare and iCAD enter into Developmental Agreement
iCAD(R), Inc. , an industry-leading provider of Computer-Aided Detection (CAD) solutions and GE Healthcare, a division of GE , a manufacturer of Senographe(R) Full-Field Digital Mammography (FFDM) systems, today announced an agreement to develop a customized...
Invenergy LLC's Invenergy Wind LLC subsidiary agreed to buy an additional 800 megawatts of wind turbines from General Electric Co for projects slated for construction in 2009 in North America and Europe...
Edison Exploratorium announces plans to move to Erie Blvd.
A group calling itself the Edison Exploratorium announced its desire to buy a 12-acre site along Erie Boulevard where it plans to preserve the history of General Electric and promote the field of engineering...
UPDATE 1-Algeria awards $4.1 bln of power plant deals
ALGIERS, Nov 20 (Reuters) - Alstom, General Electric, and two other engineering companies won deals worth $4.1 billion on Tuesday to build power stations in Algeria, the north African country's state electricity company...
GE Healthcare and iCAD enter into Developmental Agreement
iCAD(R), Inc. , an industry-leading provider of Computer-Aided Detection (CAD) solutions and GE Healthcare, a division of GE , a manufacturer of Senographe(R) Full-Field Digital Mammography (FFDM) systems, today announced an agreement to develop a customized...
Monday, November 19, 2007
Recent News & Press Releases: Power, Nuclear, Aerospace, Dreamworks - NBC
GE Aviation wins a total of $10B in deals at 2007 Dubai Airshow
The combined $10 billion in orders shows the tremendous demand for our advanced engine technology and services,” said Scott Donnelly, president & CEO, GE Aviation. “Our knowledge of this market and relationships in the Middle East have been extremely valuable. This was our most successful... [Press Release]
General Electric Unit Gets $10B in Deals
Among the $7.7 billion in engine orders, GE's Aviation division secured a $1.4 billion order from Saudi Arabia Airlines to perform overhaul and support services on the carrier's GE90, CF6 and CGF34 engines. Qatar Airways also ordered $1.2 billion worth of engines, including...
State Media: GE To Build Power Stations In Turkmenistan -AFP
U.S. company General Electric (GE) has been asked to build two power stations in Turkmenistan, state media said Sunday, in the latest sign the reclusive Central Asian state is opening up to Western firms...
GE chief urges incentives to fuel nuclear switch: Financial Times
U.S. government hopes that hundreds of nuclear power plants will be built to boost national energy supplies will be dashed unless the power industry is given strong financial incentives to switch away from fossil fuels, said Jeffrey Immelt, chief executive of General Electric...
DreamWorks in discussions to join NBC: report
David Geffen and Steven Spielberg's DreamWorks movie studio is in discussions to join NBC Universal after a soured relationship with owner Viacom Inc. and its Paramount division, according to...
The combined $10 billion in orders shows the tremendous demand for our advanced engine technology and services,” said Scott Donnelly, president & CEO, GE Aviation. “Our knowledge of this market and relationships in the Middle East have been extremely valuable. This was our most successful... [Press Release]
General Electric Unit Gets $10B in Deals
Among the $7.7 billion in engine orders, GE's Aviation division secured a $1.4 billion order from Saudi Arabia Airlines to perform overhaul and support services on the carrier's GE90, CF6 and CGF34 engines. Qatar Airways also ordered $1.2 billion worth of engines, including...
State Media: GE To Build Power Stations In Turkmenistan -AFP
U.S. company General Electric (GE) has been asked to build two power stations in Turkmenistan, state media said Sunday, in the latest sign the reclusive Central Asian state is opening up to Western firms...
GE chief urges incentives to fuel nuclear switch: Financial Times
U.S. government hopes that hundreds of nuclear power plants will be built to boost national energy supplies will be dashed unless the power industry is given strong financial incentives to switch away from fossil fuels, said Jeffrey Immelt, chief executive of General Electric...
DreamWorks in discussions to join NBC: report
David Geffen and Steven Spielberg's DreamWorks movie studio is in discussions to join NBC Universal after a soured relationship with owner Viacom Inc. and its Paramount division, according to...
Friday, November 16, 2007
Recent News: Subprime, Insider Trading, Housing, KSK Power, 2007 Revenue, Aviation and Aerospace
GE says investors cashed out from fund
Institutional investors cashed out about $600 million from General Electric Co.'s GE (NYSE:GE) Asset Management fund amid worries about potential losses due to the troubled subprime mortgage markets, a spokesman said Thursday...
GE SVP Sells Shares
A senior vice president at General Electric Co. sold 26,026 shares of common stock, according to a Securities and Exchange Commission filing Wednesday...
Investors getting nervous about short-term funds
Main Street is getting a taste of Wall Street's credit problems and investors may soon move money out of short-term funds, long considered safe, but now suffering losses, analysts and advisors said...
Ospraie Buys International Paper, Sells GE in Third Quarter
Ospraie Management LLC, a $7 billion hedge-fund firm run by Dwight Anderson, bought stakes in International Paper Co. and Compton Petroleum Corp. in the third quarter and sold shares in General Electric Co...
KSK Power says enters partnership with GE
Indian power project developer and power plant operator KSK Power Ventur said on Thursday it had entered a strategic partnership with General Electric Co., which had made an equity investment
Southwestern Energy agrees to sell gas utility operations for $224M
Southwestern Energy (NYSE:SWN) Co. said late Wednesday it has agreed to sell its natural gas distribution business, Arkansas Western Gas Co., to SourceGas LLC, an affiliate of General Electric's (NYSE:GE) GE Energy Financial Services...
GE CEO says housing market tough
General Electric Co. CEO Jeff Immelt reiterated on Wednesday that the global economy was strong despite a tough housing market and scotched speculation that his company might sell
UPDATE: GE CEO Sees 2007 Revenue At $175 Billion, Profit At $23 Billion
General Electric Co. (GE) Chief Executive Jeffrey Immelt Wednesday said the company expects to have revenue of $175 billion this year, with a profit of $23 billion
General Electric seeks to participate in Turkey's nuclear power programme
General Electric (NYSE:GE) Co expressed an interest in participating in Turkey's nascent nuclear power programme following the Turkish parliament's recent adoption of a law that authorises the construction of the first nuclear power
Poland's Bank BPH to merge operations with GE Money by end 2008 - CEO
Poland's third biggest lender Bank BPH expects the legal side of its sale to GE (NYSE:GE) Money to be completed in the first quarter and said it should be fully integrated with the US-owned bank's operations by the of 2008...
UPDATE 1-GE aviation trust postpones Singapore IPO
aircraft leasing trust backed by a unit of General Electric said on Wednesday it has delayed its planned Singapore initial public offering due to market volatility...
DAE Capital buys 20 planes from GECAS for 1 bln usd, 8 Airbus planes for 500 mln
Dubai Aerospace Enterprise unit DAE Capital said it has signed a contract to buy 20 small airplanes from General Electric Co's (NYSE:GE) aircraft leasing company General Electric Commercial Aviation Services (GECAS) for 1 bln usd, at the Dubai air show...
GE/Snecma Joint Venture Gets $95 Million CFM56-7 Billion Engine Order
CFM International, a joint venture between General Electric Co. (GE) and Safran SA's Snecma unit, received an engine order from transavia.com valued at $ 95 million...
BASF buys remaining shares in JV engineering plastics with SABIC
BASF AG said it agreed with Saudi Basic Industries Corp (SABIC) to buy all shares in the two companies' engineering plastics joint venture BASF GE (NYSE:GE) Schwarzheide GmbH & Co KG to fully benefit from rising demand for its products...
AIRSHOW-Dubai Aerospace in $1.5 bln orders from GE, Emirates
DUBAI, Nov 13 (Reuters) - State-owned Dubai Aerospace Enterprise (DAE) said on Tuesday it had signed deals to buy and lease $1.5 billion worth of aircraft from General Electric...
Institutional investors cashed out about $600 million from General Electric Co.'s GE (NYSE:GE) Asset Management fund amid worries about potential losses due to the troubled subprime mortgage markets, a spokesman said Thursday...
GE SVP Sells Shares
A senior vice president at General Electric Co. sold 26,026 shares of common stock, according to a Securities and Exchange Commission filing Wednesday...
Investors getting nervous about short-term funds
Main Street is getting a taste of Wall Street's credit problems and investors may soon move money out of short-term funds, long considered safe, but now suffering losses, analysts and advisors said...
Ospraie Buys International Paper, Sells GE in Third Quarter
Ospraie Management LLC, a $7 billion hedge-fund firm run by Dwight Anderson, bought stakes in International Paper Co. and Compton Petroleum Corp. in the third quarter and sold shares in General Electric Co...
KSK Power says enters partnership with GE
Indian power project developer and power plant operator KSK Power Ventur said on Thursday it had entered a strategic partnership with General Electric Co., which had made an equity investment
Southwestern Energy agrees to sell gas utility operations for $224M
Southwestern Energy (NYSE:SWN) Co. said late Wednesday it has agreed to sell its natural gas distribution business, Arkansas Western Gas Co., to SourceGas LLC, an affiliate of General Electric's (NYSE:GE) GE Energy Financial Services...
GE CEO says housing market tough
General Electric Co. CEO Jeff Immelt reiterated on Wednesday that the global economy was strong despite a tough housing market and scotched speculation that his company might sell
UPDATE: GE CEO Sees 2007 Revenue At $175 Billion, Profit At $23 Billion
General Electric Co. (GE) Chief Executive Jeffrey Immelt Wednesday said the company expects to have revenue of $175 billion this year, with a profit of $23 billion
General Electric seeks to participate in Turkey's nuclear power programme
General Electric (NYSE:GE) Co expressed an interest in participating in Turkey's nascent nuclear power programme following the Turkish parliament's recent adoption of a law that authorises the construction of the first nuclear power
Poland's Bank BPH to merge operations with GE Money by end 2008 - CEO
Poland's third biggest lender Bank BPH expects the legal side of its sale to GE (NYSE:GE) Money to be completed in the first quarter and said it should be fully integrated with the US-owned bank's operations by the of 2008...
UPDATE 1-GE aviation trust postpones Singapore IPO
aircraft leasing trust backed by a unit of General Electric said on Wednesday it has delayed its planned Singapore initial public offering due to market volatility...
DAE Capital buys 20 planes from GECAS for 1 bln usd, 8 Airbus planes for 500 mln
Dubai Aerospace Enterprise unit DAE Capital said it has signed a contract to buy 20 small airplanes from General Electric Co's (NYSE:GE) aircraft leasing company General Electric Commercial Aviation Services (GECAS) for 1 bln usd, at the Dubai air show...
GE/Snecma Joint Venture Gets $95 Million CFM56-7 Billion Engine Order
CFM International, a joint venture between General Electric Co. (GE) and Safran SA's Snecma unit, received an engine order from transavia.com valued at $ 95 million...
BASF buys remaining shares in JV engineering plastics with SABIC
BASF AG said it agreed with Saudi Basic Industries Corp (SABIC) to buy all shares in the two companies' engineering plastics joint venture BASF GE (NYSE:GE) Schwarzheide GmbH & Co KG to fully benefit from rising demand for its products...
AIRSHOW-Dubai Aerospace in $1.5 bln orders from GE, Emirates
DUBAI, Nov 13 (Reuters) - State-owned Dubai Aerospace Enterprise (DAE) said on Tuesday it had signed deals to buy and lease $1.5 billion worth of aircraft from General Electric...
Sunday, July 1, 2007
Energy News
- DTE Energy, GE unit in deal on power projects (MSN Money/Reuters)
- Carbon backlash: coal divides corporations (MSN Money/Reuters)
- Carbon backlash: coal divides corporations (MSN Money/Reuters)
