$GE (General Electric Company)

$GE {{ '2016-01-22T15:08:12+0000' | timeago}} • Webcast

$SYF said that it delivered on the efficiency ratio guidance of below 34% for the year. The company's expenses were $870MM for 4Q15, driven by $GE separation-related costs, business growth & IT investments related to the digital & mobile capabilities. Employee costs were up $58MM after the $GE separation, while professional fees were up $26MM.

$GE {{ '2017-10-20T19:28:16+0000' | timeago}} • Webcast

$GE said the final decision on its dividends and capital allocation would be announced at Investor Day, which will be held on Nov 13, 2017. Analysts had earlier predicted that the company would be forced to cut its dividend, in view of its dwindling cash flow.

$GE {{ '2017-10-20T19:14:06+0000' | timeago}} • Webcast

While $GE said it plans to alter the company's work culture to ensure better accountability among mangers, it sidestepped when asked about Board size reduction. "I think it's healthy to have a lot of pushback and debate between management and the board," CEO John Flannery said.

$GE {{ '2017-10-20T18:58:13+0000' | timeago}} • Webcast

Calling 3Q17 results "horrible," the new $GE CEO John Flannery promised to sell off about $20Bil worth of the company's assets withing two years. The CEO, however, did not specify which businesses would be shed. "Everything is on the table," Flannery told analysts during the earnings conference call.

$GE {{ '2017-10-20T12:41:56+0000' | timeago}} • Infographic

$GE General Electric Co.  Earnings AlphaGraphic: Q3 2017 Highlights

$GE {{ '2017-10-20T11:57:09+0000' | timeago}} • Announcement

$GE said its orders improved 11% in 3Q17 to $29.8Bil, while Backlog increased 3% to $328.0Bil.

$GE {{ '2017-10-20T11:51:21+0000' | timeago}} • Announcement

For FY17, $GE expects adjusted earnings to be $1.05 - $1.10 per share, compared to the prior guidance of $1.60 - $1.70 per share.

$GE {{ '2017-10-20T11:35:12+0000' | timeago}} • Announcement

In $GE's first quarterly report with John Flannery at helm, the manufacturing behemoth said its 3Q17 non-GAAP EPS fell 9% to $0.29, despite a 14% increase in revenue to $33.47Bil. "While a majority of our businesses had solid earnings performance, this was offset by a decline in Power performance in a difficult market," Flannery explained.

$GE {{ '2017-10-20T11:25:50+0000' | timeago}} • Announcement

$GE shares fell 4.7% in pre-market trading after reporting a fall in 3Q17 earnings and lower FY17 EPS guidance. Earnings for the quarter fell to $1.8Bil, or $0.21 per share, compared to $1.99Bil, or $0.22 per share a year ago. The earnings were dragged down by higher restructuring costs, as the new CEO, John Flannery, grapples with poor cash flows.

$AAPL {{ '2017-10-18T15:24:08+0000' | timeago}} • Announcement

$AAPL and $GE announced a partnership to deliver industrial apps designed to bring predictive data and analytics from Predix, GE’s industrial IoT platform, to iPhone and iPad. The two companies unveiled a new Predix software development kit for iOS, which gives developers the tools to make their own industrial IoT apps.

$GE {{ '2017-10-16T15:05:13+0000' | timeago}} • Announcement

$GE said Rafael Santana, CEO of GE Latin America, has been named CEO of GE Transportation, effective Nov 1, 2017. Prior to joining GE, Santana held leadership roles at $XOM and $BTI.

$MSFT {{ '2017-10-09T13:44:08+0000' | timeago}} • Announcement

As part of increasing the usage of alternative energy for its datacenters, $MSFT inks a partnership with $GE. The tech giant will purchase the 100% of wind energy produced from GE's 37-megawatt Tullahennel wind farm in County Kerry, Ireland for 15 years. This deal will support Microsoft's growing cloud services needs in Ireland.

$GE {{ '2017-10-09T12:45:16+0000' | timeago}} • Announcement

$GE BoD has elected Ed Garden, Chief Investment Officer and a founding partner of Trian Fund Management, L.P., to its Board, effective Oct 9. Garden will replace Robert Lane, who is retiring from the Board after 12 years of service.

$GE {{ '2017-10-09T12:42:10+0000' | timeago}} • Announcement

Robert Lane is retiring from the $GE BoD for health reasons, effective Oct 9, 2017. Lane, the former Chairman and CEO of $DE, joined the GE Board in June 2005.

$GE {{ '2017-10-06T21:36:04+0000' | timeago}} • Announcement

$GE announced that Vice Chair Beth Comstock will retire from the company effective December 31, 2017. Beth Comstock will continue to lead GE Business Innovations through the end of 2017.

$GE {{ '2017-10-06T21:31:07+0000' | timeago}} • Announcement

$GE announced that Jamie Miller, CEO of GE Transportation, has been named CFO of $GE effective November 1, 2017. Jeffrey S. Bornstein, GE Vice Chair and CFO, will leave the company effective December 31, 2017.

$GE {{ '2017-10-06T21:25:39+0000' | timeago}} • Announcement

$GE announced that Vice Chair John Rice will retire from the company, effective December 31, 2017. Rice has led GE Transportation, GE Energy, and GE Technology Infrastructure before his current role leading $GE's Global Growth Organization (GGO). He will continue to lead the GGO through 2017-end.

$AMZN {{ '2017-10-05T21:16:55+0000' | timeago}} • Announcement

$AMZN announced that $GE has selected Amazon Web Services as its preferred cloud provider. $GE continues to migrate thousands of core applications to AWS. Over the past few years, $GE migrated more than 2,000 applications, several of which leverage AWS’s analytics and machine learning services.

$GE {{ '2017-10-02T20:58:22+0000' | timeago}} • Announcement

$GE said Jeffrey Immelt also retired as a director and Chairman of its BoD of Baker Hughes, a $GE company (BHGE), effective Oct. 2, 2017. The BHGE BoD elected Lorenzo Simonelli, President and CEO of BHGE, to succeed Immelt as Chairman and elected Geoffrey Beattie to serve as lead independent director.

$GE {{ '2017-10-02T20:56:51+0000' | timeago}} • Announcement

$GE said Jeffrey Immelt retired as a director and Chairman of its BoD, effective Oct. 2, 2017. This is in light of Immelt's determination that the CEO transition has proceeded smoothly and that John Flannery, CEO, director and Chair-Elect, was ready to succeed Immelt as Chairman. The board elected Flannery as Chairman, effective Oct. 2, 2017.

$AAXN {{ '2017-10-02T12:29:09+0000' | timeago}} • Announcement

$AAXN announced the appointment of two key additions to the finance team: Jim Zito as VP of Accounting and Andrea James as VP of Investor Relations. James joins Axon after most recently supporting investor relations at $TSLA, while Zito was earlier Global Controller for $GE Healthcare Digital and Healthcare Partners.

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