General Electric
GE Postpones Decision Regarding Transfer Of Headquarters, Will Announce Decision In January
General Electric Co. has postponed its decision regarding whether it would move its headquarters out of Fairfield, Connecticut, or not, according to a report from the Hartford Courant.
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GE and Alstom Win Contracts to Supply Locomotives in India's Railways, Combined Contracts Worth $5.6 Billion
General Electric (GE) announced in a press release that it has received a Letter of Award from the Ministry of Railways in India for a locomotive supply and maintenance contract. The company will be building a new factory and supplying Indian Railways with 1,000 diesel locomotives that are worth approximately $2.6 billion over 11 years. Anil Saxena, a spokesman for Indian Railways, told Reuters that France’s Alstom has also been picked to develop and supply 800 electric locomotives valued at $3 billion.
Synchrony Receives Approval from Federal Reserve Bank, One Step Closer to Becoming Fully Independent Company
Synchrony Financial has received a key approval from the Federal Reserve System Board of Governors to become a standalone savings and loan holding company, according to a press release issued by Synchrony. The approval marks a major step for Synchrony to become a fully independent company.
Trian Partners Discloses $2.5 Billion Stake at GE, Believes in GE's Long-Term Potential
Trian Fund Management L.P., a firm led by activist investor Nelson Peltz, has disclosed in a press release that they have become one of the top ten shareholders of General Electric (GE) with a beneficial ownership of 98.5 million GE shares that are currently valued at approximately $2.5 billion. Trian believes in GE’s long-term potential that will generate attractive stockholder returns.
GE is Moving Production and Jobs to Europe and Other Countries, Cites Lack of Export Financing in U.S.
General Electric (GE) has said in a press release that it will be moving the production and jobs for its turbines and generators to France, Hungary and China.
GE Creates GE Digital that Brings Together All of Company's Digital Capabilities, Takes on IBM in Race for IOT Dominance
General Electric Co. (GE) has announced creation of GE Digital, a move that will bring together the company’s digital capabilities, according to a press release issued by GE.
GE Seeks to Sell its Asset Management Arm, Looking for a Premier Investment Management Firm
General Electric Co. (GE) has announced that it is looking to sell its GE Asset Management, the company’s asset management arm, according to a press release issued by GE.
Sears Appoints Former J&J Exec to Turnaround Flagging Brands
Sears Holdings Corp. has created a new position to be occupied a former Johnson & Johnson executive, who is tasked to turn around several of the retailer's struggling brands, Reuters reported.
Capital One Nears Deal to Acquire GE's Health Finance Unit, The Sale is Part of GE's Plan to Divest
Capital One Finance Corporation, a credit card lender, is in exclusive talks to acquire General Electric’s U.S. healthcare finance unit for about $10 billion, people familiar with the matter told Reuters.
GE Creates Service Robots to Do Your the Dirty Work For You As It Advances through the “Industrial Internet” Era
General Electric announced the “Guardian,” a service robot that can perform predictive maintenance and optimization services during GE’s annual summit on the Industrial Internet.
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