Saturday 23 July 2016
 
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General Electric

General Electric wins $919m Pentagon contract

General Electric Company's GE Aviation unit has been awarded a $919 million cost-plus-incentive-fee contract for designing, fabricating, integrating and testing turbofan adaptive engines, the Pentagon said on Thursday. – Reuter

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GE to sell appliances business for $5.4bn

General Electric Co said it would sell its appliance business to China's Haier Group for $5.4 billion in cash, another step in its push to sell its non-core assets and project itself as a technology company. The deal comes wee

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GE moving headquarters to Boston

General Electric Co said on Wednesday it will move its global headquarters to the US city of Boston, tapping the city's technology talent and likely lowering its tax bill. General Electric Co said on Wednesday it will move its

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GE moving headquarters to Boston

General Electric Co said on Wednesday it will move its global headquarters to the US city of Boston, tapping the city's technology talent and likely lowering its tax bill. General Electric Co said on Wednesday it will move its

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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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