$UEIC (Universal Electronics Inc.)

$UEIC {{ '2016-09-30T12:52:09+0000' | timeago}} • Announcement

$UEIC said its subsidiary C.G. Development agreed to sell its entire ownership interest in Gemstar Technology to Guangzhou Junhao Investment. Guangzhou Junhao will pay C.G. Development about $48MM in cash at closing. The transaction is expected to be completed within about 28 months from the execution of the agreement.

$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.

$AOS {{ '2017-07-20T19:46:35+0000' | timeago}} • Announcement

Water technology company $AOS said it will join the S&P 500 Index on July 26, 2017. The S&P 500 index is widely regarded as the best single gauge of large-cap U.S.equities. The company will be added to the GICS Building Products Sub-Industry index.

$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.

$RAI {{ '2017-07-19T15:26:32+0000' | timeago}} • Announcement

$RAI's shareholders approved three proposals related to $BTI's proposed acquisition of $RAI, including adjournment of the special meeting, plan of merger and compensation payments. The transaction is expected to close on or about July 25, 2017.

$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.

$EMR {{ '2017-07-17T16:47:55+0000' | timeago}} • Announcement

$EMR received 15-year, $20MM contract to modernize controls at San Francisco's largest wastewater plant. The San Francisco Public Utilities Commission has selected $EMR as the design-build contractor for a comprehensive automation project to modernize its Southeast Treatment Plant.

$ALOG {{ '2017-07-13T21:40:13+0000' | timeago}} • Announcement

$ALOG announced that Michael Bourque has been appointed its CFO and Treasurer, effective July 13, 2017. He replaces Mark Frost, who will be leaving the company. Bourque joined Analogic in 2014 as VP and Corporate Controller.

$EMR {{ '2017-07-13T16:30:25+0000' | timeago}} • Announcement

$EMR plans for a major renovation and expansion of the labs and offices at its existing 1MM-square-foot facility in Sidney, Ohio. The project is expected to require $100MM in investments over the next four years. Construction is slated to be completed by 2021.

$AOS {{ '2017-07-11T16:06:35+0000' | timeago}} • Announcement

$AOS elected President and COO Kevin Wheeler to its BoD. Wheeler was named president and COO of the Milwaukee-based water technology company on June 1. He is responsible for its global water heater and boiler operations as well as its global water treatment business and oversees global product engineering and information technology functions.

$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.

$EMR {{ '2017-07-10T11:08:05+0000' | timeago}} • Announcement

$EMR appointed Craig Rossman as president of its White-Rodgers business. Rossman succeeds Jack Huether, who has been leading White-Rodgers while also serving as group president of $EMR's sensors and controls businesses. In this leadership role Rossman will report to Huether. These changes were effective July 1.

$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.

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GE (General Electric Company)
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