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General Electric News

News on General Electric (Ticker: GE) continually updated from thousands of sources around the net.

3 hrs ago | MacLeans

A light goes on for General Electric

In the popular TV sitcom 30 Rock , Alec Baldwin played Jack Donaghy, an ambitious NBC executive, whose rise up the ranks of parent company General Electric landed him the hilariously awkward corporate title of vice-president of East Coast television and microwave oven programming. It's a send-up of GE, which, until recently, owned the network-the real-life NBC-that aired 30 Rock , and makes everything from boiling-water nuclear reactors to four-square Belgian waffle-makers.

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Related Topix: Financial Services, Aerospace-Defense, Comedy, 30 Rock, Entertainment, Television, Celebrities, Alec Baldwin

Mon Sep 15, 2014

Reuters

GE exec says avoided geared design in jet engine battle with Pratt

General Electric Co avoided using a geared design for its new engine for narrowbody jets because of concerns about weight and reliability, said a top GE executive on Monday as it battles with rival Pratt & Whitney for billions of dollars in engine orders. Pratt, part of United Technologies Corp, developed a geared turbofan that relies on a gearbox and lets the front fan operate at a different speed than the rest of the engine, while on GE's traditionally configured engines the fans run at the same speed.

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Related Topix: Financial Services, Aerospace-Defense, Manufacturing, Industrial Machines, Security, United Technologies Corporation, Stanley, Dana Point, CA

Business Journal

What could be involved in selling the Appliance Park property?

There are a lot of details to work out before General Electric Co. sells its appliances division to Sweden-based Electrolux.

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Related Topix: Financial Services, Aerospace-Defense

Hispanic Business

GE's Operator Interface Solutions for the Industrial Internet Bring...

Multi-touch and swipe viewing are a worldwide standard in consumer digital interfaces, so viewing system-wide details even on a 7' display is simple with the new QuickPanel+ multi-touch functionality. Double-tapping or pinching enables the interface to be enlarged to up to 400% of its original size.

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Related Topix: Financial Services, Aerospace-Defense

Business News

NYSE legendary trader dies aged 80

Michael D. Robbins, who combined a gregarious nature with ironclad discretion to become a prominent floor trader at the New York Stock Exchange and champion of its history and traditions, has died. He was 80. During 45 years as a member of the NYSE, Robbins was a walking encyclopedia of names and numbers and redefined the role of the independent floor broker.

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Related Topix: Financial Services, Aerospace-Defense

Chemical Online

GE Oil & Gas Showcases Growth In Technology And Global Capabilities

GE Oil & Gas today unveiled several new initiatives during a gathering here of oil and gas industry analysts that underscore the company's transition over the past 20 years into a global provider of advanced engineering, software and financing solutions to help oil and gas companies make smart infrastructure management decisions and drive industrial growth and innovation. GE entered the oil services sector with its 1994 acquisition of Italy's Nuovo Pignone, a gas turbine, compression and pump equipment supplier that served primarily petrochemical processing plants and pipelines.

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Related Topix: Financial Services, Aerospace-Defense

Sun Sep 14, 2014

The Fairfield Daily Voice

GE's Sale Of Appliances Business To Electrolux Tops Fairfield Week's News

Fairfield-based General Electric has signed a definitive agreement to sell its signature appliances business to Electrolux for $3.3 billion. The Fairfield Board of Selectmen is conducting its 11th annual Town Employee and Fairfielder of the Year Awards and is seeking nominations for the honors.

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Related Topix: Fairfield, CT, Financial Services, Aerospace-Defense, Sacred Heart University, Bridgeport, CT

Nerve News

TCS opens all-women back office in Saudi Arabia

Indian IT bellwether TCS Sunday opened the first all-women back office centre in Riyadh, Saudi Arabia, in partnership with GE and Saudi Aramco. The 3,200-square metre business process centre will offer jobs for 3,000 Saudi women for customers like oil major Saudi Aramco and the US-based General Electric in the desert kingdom over the next three years.

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Related Topix: World News, Middle East, Saudi Arabia, Financial Services, Aerospace-Defense

Foster's Daily Democrat

GE, home appliance pioneer, gives up on consumers

General Electric, a household name for more than a century in part for making households easier to run, is leaving the home. The company is selling the division that invented the toaster in 1905 and now sells refrigerators, stoves and laundry machines.

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Related Topix: Financial Services, Aerospace-Defense, Thunderbird School of Global Management, Fairfield, CT

Sat Sep 13, 2014

Seeking Alpha

GE Sells Appliance Division; Long-Term Play Becomes Clearer

In its latest strategic move, GE announced it was selling off its appliance division to Electrolux for $3.3 billion. While not unprofitable, the division earned less than 4% of GE's total $146 billion; GE will focus on more profitable and larger growth sectors, such as energy .

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Related Topix: Honeywell International, Manufacturing, 3M, Aerospace-Defense, Honeywell, Chemicals, Financial Services, TV, Electronics, Jack Welch

Seeking Alpha

General Electric Is Making The Right Moves To Grow

The growth in the oil and gas segment has been impressive for the company and it will be an extremely important area for GE. The growth in oil and gas exploration will result in substantial growth in sales for GE's oil and gas segment.

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Related Topix: Financial Services, Aerospace-Defense, Exxon Mobil, Energy, Oil & Gas

The Globe and Mail

There's light at the end of GE's dark decades

Two crashes later, the stock hasn't come close since - and may not for several more years. "You can think about it as the two lost decades at GE," says analyst Nicholas Heymann of William Blair & Co.

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Related Topix: Financial Services, Aerospace-Defense, Whirlpool Corporation, Appliances

Fri Sep 12, 2014

News Times

Selection of firms to design and build Newtown community center gets underway

Progress toward a $10 million community center on the grounds of the Fairfield Hills campus has begun, with the town building committee's listing of architects and contractors to be interviewed for the job later this month. Town leaders expect the community center, to be paid for with part of a $15 million from General Electric, to include swimming pools and recreation spaces for youth and seniors.

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Related Topix: Financial Services, Aerospace-Defense

Seeking Alpha

General Electric: A Cyclical Conglomerate Play With 40% Upside Potential

When it comes to the conglomerate sector, there is no other company I like as much as General Electric . Unfortunately for investors, shares of the giant diversified company, currently under stewardship of Jeffrey Immelt, have actually lost 5% of their value since the beginning of the year - and that is in spite of improving economic conditions, which should generally be supportive of conglomerate earnings in the future.

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Related Topix: Financial Services, Aerospace-Defense, Honeywell International, Manufacturing, Industrial Machines, Security, United Technologies Corporation

Business Journal

GE-Electrolux deal is positive for this Louisville ad agency

Washing machinces are among the products made at Appliance Park in Louisville. General Electric Co.

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Related Topix: Louisville, KY, Financial Services, Aerospace-Defense, Advertising

The Weekly Standard

EV 2: Electric Boogaloo

Back in the Edenic days when the rise of the oceans began to slow and the planet began to heal and the people of this great nation were as one-way back in January 2011, that is-President Obama called on Americans to put one million electric cars on the road by 2015. It was a typically Obamian diktat, addressed to both producers and consumers, greasing both sides with other people's money, and bearing no relation-none at all-to reality.

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Related Topix: Financial Services, Aerospace-Defense

Thu Sep 11, 2014

Seeking Alpha

GE: 40% Upside Potential With Limited Downside Risk

The PIT Strategy will lead to renewed revenue growth, and if it does not, we all have more to worry about than a poor investment in GE. When the Sage of Omaha announced that his Berkshire Hathaway would buy $3 billion worth of General Electric's preferred shares after the Lehman Shock of 2008, Buffett was quoted as saying that GE was "the symbol" of American business.

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Related Topix: Business Wire, Construction, Berkshire Hathaway , Startups, Berkshire Hathaway, Insurance, Empire Group, Investment Services, Financial Services, Aerospace-Defense, Jack Welch

GuruFocus.com

GE's Upcoming Focus Area - Oil and Gas

General Electric has been a surprise winner in the on-going U.S. energy revolution and has currently grown into one of the major equipment suppliers for oil and gas companies. In the oil and gas conference held on September 10, the management discussed the future prospects of the oil and gas industry sector.

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Related Topix: Financial Services, Aerospace-Defense, Oil & Gas, Construction, Lufkin Industries, Energy

News Max

Megan McArdle: Why General Electric Is Abandoning Your Kitchen

General Electric Co. is selling its appliances unit to Sweden's Electrolux AB. As an electrical-appliance hobbyist, I can't help but feel a little wistful.

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Related Topix: Financial Services, Aerospace-Defense

Sys-Con Media

TAS Energy Settles Patent Suit

In the suit, TAS Energy alleged that the chilling system at Palomar, which SDG&E purchased from General Electric Company, infringed a number of TAS Energy patents. TAS Energy's CEO JT Grumski is quoted as being "very pleased to achieve this constructive settlement with GE and SDG&E.

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Related Topix: Energy, San Diego Gas and Electric, Financial Services, Aerospace-Defense

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