Wabtec Corporation has entered into a definitive agreement to combine with GE Transportation, a unit of General Electric Company. The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services...
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May 22, 2018, 07:24 AM
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GE announced that John Flannery, current President and CEO of GE Healthcare, has been named CEO of the company by the GE Board of Directors effective August 1, 2017 and Chairman and CEO effective January 1, 2018. Jeff Immelt, Chairman and CEO, will...
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June 12, 2017, 07:15 AM
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GE announced that it has closed the sale of its French consumer finance business, GE Money Bank, and its operations in the French Overseas Territories (the DOMs) to an affiliate of Cerberus Capital Management L.P. The transaction represents ending...
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March 29, 2017, 07:12 AM
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Reuters reported General Electric has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets, a source familiar with the situation said on Sunday.Reuters cites a report from The Wall Street Journal...
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June 01, 2015, 07:14 AM
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Bloomberg reported General Electric has held talks with “a broad geographic spectrum” of sovereign wealth funds as part of the effort to sell the bulk of its lending business, Chief Financial Officer Jeff Bornstein said.According to the Bloomberg...
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April 20, 2015, 07:10 AM
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The Wall Street Journal reports that General Electric Co. is considering making deeper cuts to GE Capital, having decided the returns from lending are no longer worth the ire it provokes among investors, people familiar with the matter said.According...
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March 12, 2015, 07:00 AM
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GE announced it has signed a definitive agreement to sell its Appliances business to Electrolux for $3.3 billion. As part of the transaction, GE has entered into a long-term agreement with Electrolux to continue use of the GE Appliances brand. The...
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September 08, 2014, 07:04 AM
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GE stated it increased its workforce in Chicago by adding 500 jobs in the city since announcing the company’s commitment to grow its local employee base in May 2011.Of the 500 jobs, the majority have been within GE Capital; however, other GE...
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May 10, 2013, 07:11 AM
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GE announced today fourth-quarter 2012 operating earnings of $4.7 billion, up 13% from the fourth quarter of 2011. GAAP earnings from continuing operations were $4.3 billion, up 9%. Revenues were $39.3 billion for the quarter, up 4%, and $147.4...
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January 18, 2013, 07:31 AM
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A report from GE finds that the combination of networks and machines could add $10- to $15 trillion to the global GDP. According to the report, the Industrial Revolution radically changed the way we use energy and make things. The Internet...
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November 26, 2012, 07:59 AM
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Bloomberg reported that according to Barlclays Plc., GE Capital is poised to become a better risk than JPMorgan Chase in the $24.8 trillion credit-default swap market for the first time in more than four years. The Bloomberg report quotes Brian...
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August 15, 2012, 07:42 AM
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GE Capital’s Office Imaging (OI) business announces the launch of the mobile version of Leasingsource, its comprehensive online sales productivity tool. OI dealers will be able to submit and track deals using iPads and iPhones and receive credit...
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July 27, 2012, 07:00 AM
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According to Fitch Ratings, long-term credit fundamentals in the aircraft leasing industry are being supported by a number of factors, including growth in global air travel demand, capital constraints among the world's airlines, and the aircraft...
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July 13, 2012, 06:48 AM
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