Comprehensive Real-Time News Feed for Fairfield, CT.
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Goldman Sachs is buying $16 billion worth of deposits from GE Capital, the finance arm of General Electric, both companies said Thursday. Goldman will be acquiring $8 billion in online accounts and $8 billion in brokerage accounts owned by GE. Comment?
The industrial segment's operating profit, which is its primary focus with the sale of its finance operations pending, climbed 5 percent to $4.4 billion, while revenue was flat at $26.9 billion. The industrial arm reported that orders increased 8 percent, with strong equipment orders in aviation and power and water. Comment?
In this April 23, 2008, file photo, General Electric Co. CEO Jeff Immelt, right, waits for the start of the company's annual shareholders meeting in Erie, Pa. Comment?
General Electric Co. is set to begin its sixth and final season of dredging the upper-Hudson River on Thursday as part of an estimated $2 billion Superfund project. Comment?
General Electric Co. on Friday reported a first-quarter loss of $13.57 billion, after reporting a profit in the same period a year earlier. Comment?
This undated picture provided by the Weisskopf Museum shows Aviation Pioneer Gustave Whitehead with daughter Rose in front of his "No. 21". Connecticut's leading role in aviation has never been disputed, but in June 2013, Connecticut Gov. Dannel P. Malloy signed a bill insisting that the Connecticut aviator flew two years before the Wright brothers at Kitty Hawk, N.C. The Wright brothers have long been credited as the first to achieve powered flight. Comment?
General Electric has transformed in the past decade. The Fairfield, Connecticut, company slimmed itself down from a massive conglomerate that made microwaves, movies and jet engines to a trimmer company focused on its industrial business. Comment?
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