|March 13, 2014|
|07:03 EDT||GE||GE, Local Motors announce partnership|
GE announced a partnership with Local Motors to launch a new model for the manufacturing industry. The partnership will pair co-creation and micromanufacturing to build and commercialize the next evolution of various GE products. Focused on speeding the time from mind to market, the partnership will leverage advanced manufacturing processes and an open innovation approach to engineering. The open platform, FirstBuild, will officially launch in the summer of 2014 and will be the home for a global community of innovators to prototype, iterate and refine existing GE products, as well as surface new designs. The first set of projects will focus on GE Appliances and the future of cooking, inviting community members to submit and discuss ideas to improve the performance of select kitchen appliances. The first product is expected to be available to U.S. consumers by late 2014.
News For GE From The Last 14 Days
|February 25, 2015|
|05:22 EDT||GE||GE Healthcare selected as strategic partner by Kenyan Ministry of Health|
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|February 24, 2015|
|18:02 EDT||GE||General Electric director purchases $20M of company stock|
According to regulatory filings, GE director William G. Beattie purchased 800,000 shares of GE for $20,096,000 on February 18 and 19.
|February 23, 2015|
|12:07 EDT||GE||EU opens probe in GE's proposed acquisition of Alstom's energy business |
The European Commission has opened an in-depth investigation to assess whether General Electric's (GE) proposed acquisition of the Thermal Power, Renewable Power & Grid businesses of Alstom (ALSMY) is in line with the EU Merger Regulation. The Commissionís preliminary investigation indicates potential competition concerns in the market for heavy-duty gas turbines which are mainly used in gas-fired power plants. The transaction would bring together the activities of GE, the world's largest manufacturer of heavy-duty gas turbines, with those of Alstom, eliminating one of the three main global competitors to GE in this market. The opening of an in-depth inquiry does not prejudge the final result of the investigation. The Commission now has 90 working days, until 8 July, to take a final decision. Reference Link
|February 20, 2015|
|08:26 EDT||GE||Arc Logistics to acquire all membership interests Joliet Bulk for $216M |
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|February 18, 2015|
|11:14 EDT||GE||GE, Alstom deal likely to face intense EU scrutiny, Reuters says |
General Electric's (GE) deal for Alstom's (ALSMY) power equipment business is likely to face an intense EU antitrust investigation, says Reuters, citing people familiar with the matter. Reference Link
|07:07 EDT||GE||Barclays to hold a conference|
Industrial Select Conference is being held in Miami on February 18-19.
|February 15, 2015|
|15:42 EDT||GE||GE inaugurates new Indian manufacturing facility, Reuters says |
General Electric inaugurated its new manufacturing facility in India this weekend that the conglomerate will use as an export hub, with plans to send half of its output to the company's global factories, says Reuters. The new Indian facility will be a major part of GE's plan to win increased domestic orders there, added Reuters. Reference Link