Thursday 30 July 2015
 
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GE

GE raises 2015 outlook as industrial profits rise

General Electric raised its 2015 outlook for its industrial manufacturing businesses on Friday as it reported a 5 per cent increase in its quarterly industrial profits, helped by stronger performance in its power division offsetting weak oil seg

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GE records 10-year safety milestone in Nigeria

General Electric has recorded another milestone in its oil and gas facility in Onne, Rivers State exhibiting an exceptional safety record. In the last 10 years of operations, GE has not had any incidents at its Onne facility resul

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GE in passenger-to-freighter conversion programme

GE Capital Aviation Services (Gecas), the aviation leasing and financing arm of GE, has announced the launch of its 737-800NG passenger-to-freighter conversion programme. Under this, Gecas plans to convert up to 20 of its Boeing 7

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Alstom to continue to defend GE deal with EU

French engineering group Alstom said on Friday it will continue to provide evidence on the positive impact for Europe of the planned sale of its power business to General Electric Co. Alstom was reacting after two people familiar

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Mubadala GE JV evaluating future structure options

Mubadala GE Capital, a joint venture between the Abu Dhabi state-owned fund and General Electric's finance business, is evaluating options for the future structure of the company, said a spokesman recently. Three sources with

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GE could lose deal to build locomotives for Angola

General Electric Co would lose a $350-million deal to build locomotives for Angola, and perhaps billions of dollars more in future export opportunities, if Congress closes the US Export-Import Bank, a senior GE executive told Reuters.

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GE in tie-ups to enter connected lighting business

US-based General Electric recently announced collaborations with chipmaker Qualcomm and Apple as part of its plans to dive into the emerging and increasingly competitive market for connected lighting that integrates with smart devices.

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GE secures 16 orders for HA gas turbines

GE announced that it has secured a total of 16 orders, up from 15 orders at the end of 2014 for its HA series of gas turbines, while HA technology selections also increased from 45 to 53. The number of countries making HA selectio

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GE posts $13.6bn loss on finance sale charges

General Electric has reported a $13.6 billion first-quarter loss on charges from its plan to sell most of GE Capital as profits rose in four of seven industrial businesses. The big loss had been expected after GE said a week ago t

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GE to focus on industrial business; sell bulk of finance unit

General Electric will shed most of its finance unit and return as much as $90 billion to shareholders as it becomes a “simpler” industrial business instead of an unwieldy hybrid of banking and manufacturing. The compan

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