• Tag results for General Electric

General Electric Co says it may face U.S. action over subprime mortgage operations

General Electric Co faces potential action by the U.S. Justice Department over allegations that its GE Capital unit and now defunct WMC Mortgage Corp unit violated U.S. law.

published on : 24th February 2018

General Electric posts USD 10 billion loss as quarterly revenue drops 5 per cent

General Electric Co reported a 5-percent fall in revenue and a $10 billion loss for the fourth quarter driven by an already announced $11-billion charge for insurance losses and taxes.

published on : 24th January 2018

GE takes one-off hit of USD 6.2 billion linked to insurance activities

General Electric said Tuesday it would book a one-off charge of USD 6.2 billion on its accounts for the fourth quarter of 2017, following a review of its insurance businesses.

published on : 16th January 2018

General Electric and Tata join hands to make jet engine parts in Hyderabad

GE and Tata has signed an MoU to jointly pursue opportunities in the domain of military aircraft engines and systems.

published on : 15th December 2017

General Electric signs $3.5 billion deals in China

The partnerships were signed in the presence of Trump and Chinese President Xi Jinping, as well as U.S. Commerce Secretary Wilbur Ross and Chinese Vice Premier Wang Yang.

published on : 9th November 2017

Exclusive: General Electric mulls options for aircraft leasing unit - sources

GE is considering options for GE Capital Aviation Services (GECAS), the world's second-largest lessor, following expressions of interest from some of its competitors, the sources said on Monday.

published on : 7th November 2017

Siemens Gamesa to cut as many as 6,000 jobs

published on : 7th November 2017

General Electric offers to set up 2400 MW gas power plant in Punjab: Sources

US giant General Electric has offered to set up a 2,400 megawatt gas-based power plant in Punjab, offering electricity at Rs 4.81 per unit only.

published on : 12th October 2017

Govt says work on General Electric's diesel locomotive factory on track, but to pursue electrification

GE had won a $2.6 billion contract in 2015 to supply Indian Railways with 1,000 diesel locomotives.

published on : 28th September 2017

Policy U-turns risk harming 'Make in India' drive: Company execs

Policy shifts such as an apparent U-turn over a locomotive deal with General Electric risk undermining Modi's flagship 'Make in India' initiative.

published on : 27th September 2017

General Electric appoints Vishal Wanchoo as CEO of South Asia operations

Wanchoo succeeds Banmali Agrawala, who is moving on from GE to join Tata Sons as President of its infrastructure, defence and aerospace business.

published on : 23rd August 2017

General Electric profit falls 59 percent; cash flow up in second quarter

GE was under pressure to report strong cash flow after a weak showing in Q1that included an unexpectedly large $1.6 billion outflow of cash due to slow customer payments and failure to deliver parts.

published on : 21st July 2017

Jeff Immelt to retire as General Electric CEO, Flannery to succeed

The company's shares were up 3.6 per cent in premarket trading.

published on : 12th June 2017

GE signs USD 15 billion of Saudi deals, MoUs during Trump visit

GE also signed an MoU with oil giant Saudi Aramco "to undertake a digital transformation of Aramco's operations."

published on : 20th May 2017

Engine issue: Boeing suspends 737 MAX test flights

The grounding comes days before Boeing was due to deliver its first 737 MAX to an airline and marks a high-profile delay in a program that Boeing had said was ahead of schedule.

published on : 11th May 2017