General Electric

General Electric to cut 12,000 jobs in power business revamp

General Electric to cut 12,000 jobs in power business revamp

The US company launched the cuts to save $1 billion in 2018, saying it expected current difficulties in the sector to continue.

Dec 07, 2017, 17:38 PM IST
General Electric plans thousands of layoffs amid corporate overhaul

General Electric plans thousands of layoffs amid corporate overhaul

With its market capitalization down by more than $100 billion since January, the 125-year-old maker of jet engines and power turbines will shed about $20 billion in assets, selling off parts of its transportation and electricity businesses, as part of the turnaround to narrow the conglomerate`s focus to aviation, healthcare and energy.

Nov 13, 2017, 22:21 PM IST
Bihar diesel locomotive project with General Electric on track: Railway Minister Piyush Goyal

Bihar diesel locomotive project with General Electric on track: Railway Minister Piyush Goyal

Railway Minister Piyush Goyal on Thursday said the work on a diesel locomotive factory in Bihar's Marhowrah is on tracks.

Sep 28, 2017, 19:37 PM IST

Jeff Immelt to depart as GE names new chief executive

General Electric has announced a leadership shakeup as it faces scrutiny after a corporate makeover executed by outgoing chief Jeff Immelt in the wake of the 2008 financial crisis failed to ignite strong growth.

Jun 13, 2017, 14:48 PM IST

GE signs USD 15 bn of Saudi deals, MoUs during Trump visit

The Boston-headquartered firm said the agreements were inked in the presence of King Salman and Trump, who has chosen Saudi Arabia for his first foreign trip since taking office in January.

May 20, 2017, 19:52 PM IST
GE to hire 1,000 techies for digital hub in Bengaluru

GE to hire 1,000 techies for digital hub in Bengaluru

US multinational General Electric (GE) on Wednesday said it will hire about 1,000 techies to ramp up technology workforce at its new digital hub here.

Nov 30, 2016, 18:28 PM IST

India ratifies nuclear liability convention, hopes to win foreign investment

India which wants to ramp up the share of nuclear power from barely 3 percent to 25 percent by 2050 has been trying to assuage the fears of the nuclear suppliers.
 

Feb 05, 2016, 00:49 AM IST

GE to cut up to 6,500 jobs in energy units acquired from Alstom

General Electric said Wednesday it plans to cut up to 6,500 jobs in Europe from the energy units it acquired from France`s Alstom last year.

Jan 13, 2016, 16:13 PM IST
Green technologies can save airlines $250 billions: NASA

Green technologies can save airlines $250 billions: NASA

Project researchers focused on eight major integrated technology demonstrations falling into three categories - airframe technology, propulsion technology and vehicle systems integration.

Jan 05, 2016, 16:14 PM IST

GE cancels $3.2 billion sale of its appliance division to Electrolux

General Electric announced Monday that it has decided to cancel the agreement to sell its appliance division to the Swedish group Electrolux which had offered last year to buy it for USD 3.3 billion (3.0 billion euros).

Dec 07, 2015, 21:24 PM IST

GE to create 1,000 jobs in Europe, blames Ex-Im Bank shutdown

General Electric said Thursday it would create up to 1,000 aviation jobs in Europe, the latest blow to the US jobs market after Congress shut down the Export-Import Bank.

Sep 17, 2015, 22:01 PM IST

GE to sell transportation finance unit to BMO

US industrial conglomerate General Electric said Thursday it would sell the transportation finance unit of its GE Capital to Canada`s BMO Financial Group.

Sep 11, 2015, 09:14 AM IST

GE-Alstom's $14-billion deal gets okay from EU, US

US-based General Electric in April last year had offered to buy France's Alstom energy business for USD 13.9 billion.

Sep 09, 2015, 13:15 PM IST

EU approves $13.4 billion GE's Alstom buyout

The EU announced Tuesday it had approved a deal under which US giant General Electric will acquire the energy business of French company Alstom for 12 billion euros (USD 13.4 billion), after Alstom agreed to sell some assets to an Italian rival.

Sep 08, 2015, 23:26 PM IST

EU regulators have approved GE-Alstom deal: Source

The European Union has approved a deal under which General Electric will acquire the energy business of French company Alstom for USD 12 billion, a source close to the transaction said Monday.

Sep 07, 2015, 23:00 PM IST

GE to sell Healthcare Financial Services for $9 bn

General Electric said Tuesday it has agreed to sell its Healthcare Financial Services and related loans to US bank Capital One for $9 billion.

Aug 12, 2015, 03:40 AM IST

GE reports loss due to charge; industrial profits up

General Electric reported a loss Friday for the second quarter due to restructuring costs, although profits from industrial businesses rose.

Jul 17, 2015, 17:14 PM IST

US sues to block Electrolux buy of GE appliance business

US antitrust officials filed suit on Wednesday to block the sale of General Electric`s appliance business to Sweden`s Electrolux, saying the $3.3 billion deal would harm consumers.

Jul 02, 2015, 03:31 AM IST
GE to sell fleet services to Element for $6.9 bn

GE to sell fleet services to Element for $6.9 bn

General Electric said Monday it had agreed to sell its vehicle fleet management and financing services in the United States and three other countries to Canadian firm Element Financial for $6.9 billion.

Jun 29, 2015, 21:19 PM IST

Google, GE get the most face time when lobbying the EU

General Electric, which is trying to get EU approval for its bid for Alstom`s power division, had 26 meetings with senior officials, according to the report.

Jun 25, 2015, 08:36 AM IST