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
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.
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.
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