Change: 0.29 %Chge: 2.28% Vol: 2,366,315
General Electric Company Profile
General Electric, (GE), is a diversified manufacturer organized into five segments: technology infrastructure, energy infrastructure, capital services, and home and business services. In recent technology infrastructre news, the company provided an integrated solution for 24 miles and 15 new stations of the Dallas Area Rapid Transit Green Line that was launched into service in December 2010. GE Capital announced it has recently become administrative agent on a $150 million asset-based revolving
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Online News For General Electric
Investors who paid attention to GE’s accounting saw trouble coming
Jack Welch, from left, who served as GE’s chief executive from 1981 to 2001, was succeeded by Jeff Immelt, whose 16-year reign ended in 2017, when John Flannery became CEO. General Electric Co.’s decline over the last year feels, to paraphrase ...
Advent takes over GE distributed power unit for $3.25 billion
NEW YORK/FRANKFURT (Reuters) - U.S. buyout group Advent agreed to buy General Electric Co’s (GE.N) distributed power unit for $3.25 billion, the companies said on Monday, marking GE’s exit from a growing segment of the power business. GE had put the ...
Wabtec's GE Deal Payoff: Greater Than Market Expectation
Wabtec gains from combination with GE Transportation are undervalued because the industry is not understood. It is a strong buy. The combination increases Wabtec’s EBIT in 2019 by 40% and net income by 30% over 2017. In 2020, net income is 66% above 2017.
GE Agrees to Sell Industrial-Engines Unit to Private-Equity Firm Advent
General Electric Co. agreed to sell a unit that makes large industrial engines to private-equity firm Advent International for $3.25 billion, a move that would bring in needed cash for the struggling conglomerate. The deal, announced Monday, confirms The ...
Why GE Is Selling Another Part of Its Business to a Private Equity Firm
Just a month after spinning off its transportation business, GE (ge) is nearing a deal to sell off a unit that makes industrial engines. After missing earnings, restating past earnings, and falling out of the Dow, the long-beleaguered giant is in need of a ...
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