$GE (General Electric Company)

$GE {{ '2016-07-22T13:04:15+0000' | timeago}} • Webcast

$GE said in June 2016, the company was awarded the $1Bil contract to develop the next generation fighter engine with its adaptive cycle technology. The company stated that this technology promises 25% improvement in fuel efficiency, 30% in range and up to 20% more thrust relative to today's most advanced engines.

$CNI {{ '2017-12-22T19:58:54+0000' | timeago}} • Announcement

Railroad company $CNI has decided to purchase 200 new locomotives from $GE over the next three years. Production of the locomotives will commence next year at the GE facility in Texas, and the units are expected to be delivered in 2018, 2019 and 2020. The order includes Tier-4 and Tier -3 Evolution Series locomotives.

$GE {{ '2017-12-18T14:51:55+0000' | timeago}} • Announcement

Airborne Wireless Network (ABWN) entered into a Support Agreement on Dec. 14, 2017 with GE Aviation, one of $GE Business Units. ABWN anticipates that this relationship should significantly accelerate the development of ABWN's proprietary Hybrid Radio and Free-Optics Communications System to be demonstrated CY18.

$GE {{ '2017-12-07T15:43:43+0000' | timeago}} • Announcement

$GE Power plans to reduce its global headcount by about 12,000 positions, affecting both professional and production employees. This aligns with $GE's effort to lower overall structural costs by $3.5Bil in 2017 and 2018. The plans announced are driven by challenges in the power market worldwide.

$GE {{ '2017-12-07T15:40:27+0000' | timeago}} • Announcement

$GE Power plans to reduce its global headcount by about 12,000 positions, affecting both professional and production employees. The headcount reductions, combined with actions taken previously in 2017, will position GE Power to reach its announced target of $1Bil in structural cost reductions in 2018.

$PX {{ '2017-12-01T18:02:19+0000' | timeago}} • Announcement

$PX and $GE's Aviation opened a new facility for their PG Technologies business, which specializes in advanced coatings that enable jet engines to withstand higher temperatures and stresses. PG Technologies is a JV between Praxair Surface Technologies Inc., a subsidiary of $PX, and GE Aviation.

$GE {{ '2017-11-17T11:32:54+0000' | timeago}} • Announcement

GE Additive, a $GE company, has acquired GeonX, a privately-owned developer of simulation software. Terms of the deal, which is aimed at strengthening $GE's software simulation capabilities, were not disclosed.

$GE {{ '2017-11-13T15:28:38+0000' | timeago}} • Announcement

As speculated over the past few weeks, $GE has decided to reduce it's quarterly dividend to $0.12 per share. This represents a 50% reduction from the current quarterly dividend of $0.24. This change will be effective beginning with the BoD's next dividend declaration, which is expected to occur in December, 2017.

$BHGE {{ '2017-11-06T13:14:25+0000' | timeago}} • Announcement

$BHGE has authorized repurchase of up to $3Bil of its common units from $BHGE and $GE. The company will use the proceeds from the sale of its BHGE LLC common units to repurchase its Class A shares. In addition, the company also announced its intention to issue new debt.

$GE {{ '2017-10-23T16:55:11+0000' | timeago}} • Announcement

$GE named Sue Siegel, CEO of GE Ventures, as its Chief Innovation Officer, effective immediately. In this role, Siegel will be responsible for developing and accelerating GE's long-term innovation strategy and will report directly to GE CEO John Flannery.

$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.

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