Monday 3 August 2015
 
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General Electric

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 Capital to sell fleet ops for $7bn

Canada's Element Financial Corporation said it will buy General Electric Company's fleet management operations in the US, Mexico, Australia and New Zealand for C$8.6 billion ($6.98 billion) in cash. GE also signed a memora

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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 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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Mubadala H1 profit up 23pc on JV income

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. Mubadala,

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Emirates signs $13bn service contract with GE

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

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GE boss to meet French minister over Alstom deal

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.

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Boeing warns of engine icing risk on 747-8s, Dreamliners

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. The warning

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GE upbeat over orders despite fall in income

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

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