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News Breaks
November 23, 2012
07:17 EDTGEGE in talks for defense firm Avio, Bloomberg reports
GE (GE) is in talks to acquire the Italian defense company Avio SpA from buyout firm Cinven Ltd., which rejected a previous offer from two private-equity funds, sources say, reports Bloomberg. Reference Link
News For GE From The Last 14 Days
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July 31, 2014
12:29 EDTGEOn The Fly: Midday Wrap
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11:24 EDTGEGE still targeting full exit of Synchrony Financial in late 2015
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09:45 EDTGESynchrony Financial opens at $23.00, IPO priced at $23.00
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09:35 EDTGESynchrony Financial IPO indicated to open $23.00 on 3M shares
Synchrony Financial (SYF) priced 125M shares at $23.00. Goldman, JPMorgan, Citigroup, Morgan Stanley, Barclays, BofA/Merrill, Credit Suisse and Deutsche Bank acted as joint book running managers for the offering. Synchrony Financial is the planned spin-off from GE Capital (GE).
July 28, 2014
11:17 EDTGEGE Energy Financial Services invests in Atria Power's wind farms in India
GE unit GE Energy Financial Services announced earlier that it has invested equity in three Atria Power wind projects under construction in India, supporting GEs commitment to invest $1B annually in renewable energy projects worldwide. The wind farms will have a combined capacity of 126 megawatts and will support the Indian Ministry of New and Renewable Energys program to generate competitively priced grid-interactive wind power through feed-in tariffs. Financial details were not disclosed. The projects will use GE 1.6-87.5 wind turbines, serviced by GE under an operations and maintenance agreement, to generate 76 megawatts of the total capacity. Additional turbines will be supplied and serviced by another manufacturer to generate 50 megawatts. Atria Power is managing construction and operations. This note corrects a prior version with a typo in its headline.
July 23, 2014
13:48 EDTGEHouse Natural Resources Committee to hold a hearing
The Subcommittee on Energy and Mineral Resources holds a hearing entitled, "American Metals and Mineral Security: An Examination of the Domestic Critical Minerals Supply and Demand Chain" with Doe Run Company's CEO Pyatt, Anthony Ku, of General Electric Co.s GE Global Research and Mark Fellows, SNL Financial Analyst on July 23 at 2 pm. Webcast Link
08:56 EDTGEGeneral Electric weakness creates buying opportunity, says Argus
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08:11 EDTGEYingli Green Energy to supply PV modules to large project in Japan
Yingli Green Energy's (YGE) wholly-owned subsidiary, Yingli Green Energy Japan, has signed an agreement to supply 32 MWs of multicrystalline PV modules to a large-scale project located in Okayama, Japan. The company will deliver approximately 108K YGE 72 Cell Series modules for the project from January 2015 to December 2015. The project is financed by GE (GE) Energy Financial Services.
July 21, 2014
09:31 EDTGEGE gas engine technology chosen for power project in Mexico
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09:05 EDTGEGE unit invest $5M in Mebane manufacturing operations
GEs Industrial Solutions business is investing $5M to strengthen its Mebane North Carolina operations, adding production and testing capabilities that enhance the customer experience. The investment builds on the companys local footprint that was expanded in October 2013 with the grand opening of GEs Power Equipment and Power Components global headquarters in Cary, North Carolina. The investment will enable Mebane operations to transition to a dedicated, regional customer experience center where co-located teams will work collaboratively to streamline manufacturing processes and bring new electrical distribution technologies to market. Production of GEs automatic transfer switches for the data center market is also included in the transition, creating approximately 60 jobs and related growth to the local economy.
07:30 EDTGEGeneral Electric annual targets a 'stretch,' says JPMorgan
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07:18 EDTGEAlstom CEO not concerned over complexities added to deal by France, FT says
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