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.
Mubadala, the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, posted a 23 per cent increase in profit for the first half of 2014, aided by higher income from its joint ventures.
Dubai-based carrier Emirates Airlines has signed a 12-year agreement with General Electric for the maintenance, repair and overhaul of its new GE9X engines.
The $13 billion order is for engines that will power
General Electric boss Jeff Immelt is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the global power arm of struggling French engineer Alstom, sources close to the matter said.
Boeing has advised airlines about a risk of engine icing problems on its new 747-8 and 787 Dreamliner planes with engines made by General Electric, urging 15 carriers to avoid flying them near high-level thunderstorms.
General Electric Company (GE) has posted a record backlog of orders that the company said positioned it well for 2014, lifting shares and overshadowing a decline in quarterly profit and revenue.
Chairman and ch
General Electric (GE) has been officially recognised as one of the 15 ‘Top Companies to Work for in the UAE’ by Great Place to Work Institute, a global research and management consultancy.
The ranking is based on the c
General Electric reported weaker-than-expected third-quarter revenue, hurt by unfavourable exchange rates, and investors shrugged off an 8.3 per cent profit increase and sent the company's shares down more than 2 per cent.
GE Oil & Gas has completed a fast-track refurbishment project to eliminate corrosion of compressor blades on 14 gas turbines at Atlantic LNG Company of Trinidad and Tobago.
The project will prevent blade degradation and help to maintai
General Electric, through its healthcare IT business, and Microsoft have announced plans to create a joint venture aimed at helping healthcare professionals use real-time, system-wide intelligence to improve healthcare quality.