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February 7, 2013
06:22 EDTRIG, RDS.A, GE, CVXDeep water drilling halted by U.S. over faulty bolts, Bloomberg reports
From the the Gulf of Mexico to Brazil, deep water oil exploration has been disrupted by the discovery of faulty bolts used in safety equipment, reports Bloomberg. Companies such as Chevron (CVX), Royal Dutch Shell (RDS.A) and Transocean (RIG) said they have been directed by U.S. regulators to suspend work aboard rigs that employ GE (GE) devices connecting drilling tubes to safety gear and the seafloor. The equipment must be retrieved so defective bolts can be replaced, said the U.S. Bureau of Safety and Environmental Enforcement. Reference Link
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September 29, 2015
17:01 EDTGEGeneral Electric launches Brilliant Manufacturing Suite
GE announced the next version of its Brilliant Manufacturing Suite at its fourth annual Minds + Machines conference. Field-tested and optimized within GE's own factories, the suite maximizes manufacturing production performance through advanced real-time analytics to enable all manufacturers to realize GE's Brilliant Factory vision. GE's Brilliant Manufacturing Suite allows customers to begin to realize their own vision of a Brilliant Factory. Integrating and aggregating data from design to service and leveraging analytics to support optimal decision-making allows manufacturers to drive improvements in end-to-end production. Analyzing data in context and providing the right information at the right time allows for better decision support throughout the manufacturing process. Data-driven analytics encompassing machines, material, people and process will transform the factories of today into Brilliant Factories.
16:41 EDTGEGE Hitachi, Exelon Generation form joint development of two digital solutions
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16:09 EDTGEGE plans new energy company to merge physical, digital and financial
GE unveiled plans to create an "entirely new type" of energy company that combines financing with GE's physical and digital capabilities across energy efficiency, generation and storage. The new organization will meet the unique needs of a wide range of Commercial & Industrial, utility, and municipal customers - hospitals, universities, retail stores, cities - and provide them with the hardware and software they need to be more reliable, more efficient and more profitable, the company said. This business will begin with more than $1B of revenue and will leverage GE financing, putting it on track to quickly establish a leadership position in the fast-growth energy efficiency market, according to GE, which said additional details will follow in the coming weeks.
16:07 EDTGEGeneral Electric announces new software products and partnerships
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14:08 EDTGEDOJ says no settlement offer received on GE, Electrolux deal, Reuters reports
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10:50 EDTGEGeneral Electric to hold a webcast
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10:49 EDTGEGE Aviation, Qantas Group sign strategic flight efficiency services agreement
The Qantas Group and GE Aviation have signed a comprehensive agreement for GE's Flight Efficiency Services, which will help Qantas and Jetstar increase operational flexibility and fuel efficiency and reduce carbon emissions by drawing on GE's industry-leading navigation services, data and analytics expertise. The agreement includes flight efficiency and Flight Operations Quality Assurance analytics, as well as renewal of a long-standing relationship for the supply of Required Navigation Performance procedures across many airports in the Qantas network. Qantas and GE will collaborate on specific initiatives to support the transformation strategy such as flight crew awareness, procedure compliance, operational insights and airspace utilization improvements. GE's support will include access to its full suite of analytical tools as well as process improvement, six sigma, change management and other domain expertise.
September 28, 2015
18:02 EDTGEGE-Aviation awarded $137.88M government contract modification
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13:33 EDTGEGE announces 18th and 19th HA Gas Turbine orders
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11:31 EDTRIGDeutsche Bank sees bottom nearing for offshore drillers, upgrades two in space
Detusche Bank upgraded Diamond Offshore (DO) and Transocean (RIG) to Hold from Sell, saying that the companies should be boosted by upcoming reductions in the number of drilling rigs deployed by energy companies. WHAT'S NEW: As many as 180 drilling vessels may cease activity over the next 12-18 months, wrote Deutsche Bank analyst Mike Urban today. The energy sector seems to have become "more realistic" about the need to reduce supply and the offshore drilling industry is "on the cusp of a major restructuring" that should mark the bottom for valuations and pricing, he explained. Addressing the long-term outlook of deepwater drilling, Urban contended that the consensus outlook, which predicts that deepwater drilling will disappear, is incorrect. In ten years, there will be demand for 320 floating rigs, versus the 225 that are active today, Urban predicted. Over the long-term ,energy companies will have to "go where the oil is," and the oil is located in deep water, the analyst explained. He raised his price target on Diamond to $21 from $17 and on Transocean to $10 from $6. WHAT'S NOTABLE: A former executive at Petrobras (PBR) testified to receiving payments made by someone claiming to be an agent of Transocean in exchange for a rig-operation contract, linking the offshore rig contractor for the first time to the corruption probe of Brazil's state-run oil company, reported Bloomberg on September 24. The news outlet cited testimony from last month as its source for the story. Subsequently, Transocean said that it had not identified any wrongdoing by its employees vis-a-vis Petrobras and is "committed to doing business lawfully and with the highest ethical standards." PRICE ACTION: In morning trading, Diamond fell 4% to $17.62 and Transocean lost 1.75% to $12.36. OTHERS TO WATCH: Other oil and gas well drillers include Helmerich & Payne (HP), Ensco (ESV), Nabors Industries (NBR) and Seadrill (SDRL), all of which are in negative territory this morning.
10:21 EDTGEGE urges Congress to reauthorize ExIm Bank for all American companies
10:20 EDTGEGE says to stop manufacturing gas engines in Waukesha, Wisconsin
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10:20 EDTGEGE confirms plans to build gas engine facility in Canada
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10:07 EDTGEGE to move 350 jobs to Canada from Wisconsin, Reuters reports
General Electric will move 350 jobs to Canada from Wisconsin as it shifts production of large, gas-powered engines, Reuters reports. GE has been unable to access financing from the U.S. Export-Import Bank, the report notes. GE is expected to invest $265M in a new manufacturing plant at a yet-to-be-determined Canadian location. Reference Link
10:03 EDTGEGeneral Electric to move 350 jobs to Canada from Wisconsin, DJ reports
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10:00 EDTRIGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ANI Pharmaceuticals (ANIP) upgraded on valuation at Roth Capital... AbbVie (ABBV) upgraded to Neutral from Sell at Citi... Astec (ASTE) upgraded to Accumulate from Neutral at Global Hunter... Atmel (ATML) upgraded to Strong Buy from Outperform at Raymond James... BAE Systems (BAESY) upgraded to Outperform from Market Perform at Bernstein... BG Group (BRGYY) upgraded on valuation at BMO Capital... Boston Scientific (BSX) upgraded to Buy from Hold at Needham... C.H. Robinson (CHRW) upgraded to Buy from Hold at BB&T... Citi (C) upgraded to Buy from Hold at Jefferies... Diamond Offshore (DO) upgraded to Hold from Sell at Deutsche Bank... Endologix (ELGX) upgraded to Buy from Neutral at BTIG... Infosys (INFY) upgraded to Hold from Sell at Societe Generale... J.C. Penney (JCP) upgraded on confidence in CEO, initiatives at Sterne Agee CRT... Knowles (KN) upgraded to Market Perform from Underperform at FBR Capital... Lexicon (LXRX) upgraded to Hold from Sell at Gabelli... MTN Group (MTNOY) upgraded to Buy from Hold at Deutsche Bank... Natera (NTRA) upgraded to Outperform from Neutral at Wedbush... Omnicell (OMCL) upgraded to Buy from Neutral at Sidoti... RBC Bearings (ROLL) upgraded to Buy from Accumulate at Global Hunter... Raptor Pharmaceuticals (RPTP) upgraded to Perform from Underperform at Oppenheimer... Regal Entertainment (RGC) upgraded to Buy from Neutral at B. Riley... Repsol (REPYY) upgraded on valuation at BMO Capital... Star Bulk Carriers (SBLK) upgraded to Buy from Hold at Deutsche Bank... Stoneridge (SRI) upgraded to Buy from Hold at BB&T... Transocean (RIG) upgraded to Hold from Sell at Deutsche Bank... Vertex (VRTX) upgraded to Buy from Hold at Argus... Wabash (WNC) upgraded to Buy from Accumulate at Global Hunter.
08:43 EDTGEPZU's Klesyk: GE may sell BPH this year, Reuters reports
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07:38 EDTGEBox to hold a user conference
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06:57 EDTRIGDiamond Offshore upgraded to Hold from Sell at Deutsche Bank
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06:56 EDTRIGTransocean upgraded to Hold from Sell at Deutsche Bank
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