$GE (General Electric Company)

$GE {{ '2016-07-22T13:28:44+0000' | timeago}} • Webcast

$GE said on June 28, 2016 GE Capital was de-designated as a systemically important financial institution, marking a major step in the company's GE Capital exit plan. GE Capital ended 2Q16 with $116Bil of ENI excluding liquidity with continuing ENI of $79Bil. Liquidity at the end of 2Q16 was $56Bil, down $50Bil from 1Q16.

$GE {{ '2017-09-08T20:27:36+0000' | timeago}} • Announcement

$GE said GE Aviation and Qantas have developed a new flight data application called FlightPulse. It is the first fully commercialized product to be developed with mobile services from GE's Predix platform. It uses recorded aircraft data and smart analytics to help pilots securely access their individual operational efficiency metrics and trends.

$GE {{ '2017-09-07T15:13:32+0000' | timeago}} • Announcement

$GE has sold its remaining 15.5% equity stake in Penske Truck Leasing Co, to Penske Automotive Group, Inc. and MBK USA Commercial Vehicles, Inc, a subsidiary of Mitsui & Co., Ltd. Total proceeds are approx $674MM -- with Penske buying about 35% of the stake and MBK buying 65% of the stake.

$SABR {{ '2017-08-15T12:00:27+0000' | timeago}} • Announcement

$SABR appointed Vish Saoji as chief technology officer (CTO), effective Sept. 5, 2017. With Saoji’s hiring, Sabre has completed filling its senior leadership team in conjunction with Sean Menke assuming the role of CEO in December 2016. Saoji will join $SABR from $GE Healthcare Digital, where he serves as CTO for Software Engineering.

$GE {{ '2017-07-21T18:59:39+0000' | timeago}} • Webcast

John Flannery, who is to be $GE's 13th CEO effective Aug 1, 2017, brushed aside concerns that the company might find itself in a state of limbo during the transition period. He said there is no operational paralysis within the team, adding robust discussions will happen in November regarding the future of course of $GE's operations.

$GE {{ '2017-07-21T18:13:06+0000' | timeago}} • Webcast

$GE reiterated its FY17 net earnings guidance of $1.60-1.70 per share on organic sales growth, which is expected in the range of 3-5%. The company added that EPS is trending to the bottom end of the projected range, as Oil and Gas continues to witness weakness.

$GE {{ '2017-07-21T17:28:46+0000' | timeago}} • Webcast

Cash flow from operations, one of $GE's closely watched financial metric, plummeted 67% to $3.6Bil in 2Q17. The Boston, Massachusetts-based conglomerate said this was primarily due to the sale of its appliances division.

$GE {{ '2017-07-21T12:51:53+0000' | timeago}} • Infographic

$GE General Electric Earnings AlphaGraphics: Q2 2017 highlights

$GE {{ '2017-07-21T11:43:55+0000' | timeago}} • Announcement

$GE CEO Jeff Immelt said, "We expect cash flow to continue to improve throughout the year. We’ve reduced our industrial structural costs year-to-date by $670MM and we are on track to meet or exceed our $1Bil cost reduction target for the year."

$GE {{ '2017-07-21T11:40:52+0000' | timeago}} • Announcement

Primarily due to $GE's shift of focus into industrial operations, its backlog in 2Q17 grew 2% to $327Bil, while orders increased 6% to $28.3Bil. $GE has a history of orders and backlogs growing faster than its revenue.

$GE {{ '2017-07-21T11:38:01+0000' | timeago}} • Announcement

$GE's total revenue in 2Q17 fell 12% to $29.6Bil due to weakness in its Energy Connections segment, which supplies automation products to various industries including marine, mining and oil & gas. Revenue from this segment fell 27% during the quarter.

$GE {{ '2017-07-21T11:35:13+0000' | timeago}} • Announcement

In 2Q17, which marks the end of Jeff Immelt at the helm of $GE after 16 years, the multinational conglomerate posted net earnings that more-than-halved to $1.19Bil, or $0.13 per share. On a non-GAAP basis, EPS declined 45% to $0.28 during the quarter.

$NEM {{ '2017-07-19T20:55:03+0000' | timeago}} • Announcement

$NEM elected Sheri Hickok and Molly Zhang to its BoD. Hickok is currently General Manager, Global Product Development, Onshore Wind at $GE's Renewable Energy. Zhang currently serves as a director of Cooper Standard Automotive and XG Science as a supervisory board member at GEA Group in Germany.

$MSFT {{ '2017-07-18T12:18:43+0000' | timeago}} • Announcement

Kate Johnson to join $MSFT as President and Corporate VP of Microsoft US on Sept 8, 2017. Johnson currently serves as Chief Commercial Officer of GE Digital, a unit of $GE.

$GE {{ '2017-07-11T10:55:50+0000' | timeago}} • Announcement

$GE said its subsidiary GE Healthcare is expanding its U.S. healthcare consulting business with the acquisition of Novia Strategies, a healthcare consulting firm, for undisclosed terms. Novia Strategies will become part of GE Healthcare Camden Group. Novia Solutions was not included as a part of this transaction.

$ATI {{ '2017-07-05T15:28:15+0000' | timeago}} • Announcement

Specialty materials manufacturer $ATI has entered into joint venture with $GE company GE Aviation for developing technology to produce a meltless titanium alloy powder. As per the deal, the companies will set up a new R&D pilot production facility. The alloy will be used in additive manufacturing applications, including 3D printing.

$GE {{ '2017-07-03T17:17:55+0000' | timeago}} • Announcement

$GE closed the combination of GE's oil and gas business with Baker Hughes, a GE company. Under the deal, Baker Hughes was converted to a partnership and GE contributed its Oil & Gas business into that partnership. Meanwhile, $7.4Bil was contributed by GE to the partnership, which will be used to fund the cash dividend to Baker Hughes shareholders.

$BHI {{ '2017-07-03T16:00:37+0000' | timeago}} • Announcement

Oilfield solutions provider $BHI said it has completed the transaction combining the company with the oil and gas business of $GE. Baker Hughes shares will begin trading on the New York Stock Exchange under the symbol BHGE on July 5, 2017. Meanwhile, the existing symbol, BHI, will be delisted from the stock exchange on July 3, 2017.

$BHI {{ '2017-06-30T16:30:18+0000' | timeago}} • Announcement

$BHI's stockowners were voted to approve the previously announced combination of $BHI with $GE's oil and gas business. The combination will create Baker Hughes, a $GE company, which will be traded on the NYSE under "BHGE" ticker. $BHI and $GE expects to close the transaction to combine $BHI and GE Oil & Gas on July 3, 2017.

$GE {{ '2017-06-29T13:52:55+0000' | timeago}} • Announcement

GE Energy Financial Services, the energy unit of $GE, has raised a solar energy fund in Japan to invest in Japanese solar power projects. Development Bank of Japan Inc has committed as the anchor investor for one third of the interests. The fund is targeted at JPY 75Bil (about $666MM) and has the potential to grow to JPY 90Bil.

$GE {{ '2017-06-21T19:04:48+0000' | timeago}} • Announcement

$GE said GE Aviation and its JV companies received more than $31Bil in orders and commitments at the 2017 Paris Air Show. The orders and commitments included more than 1,700 GE and CFM engines as well as a full suite of TrueChoice engine maintenance offerings.

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