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Category: GE

Airbus H175

GECAS orders jets, helicopters

GE Capital Aviation Services is ordering 60 A320neo passenger jets from Airbus to lease to airliners powered by engines from a GE Aviation joint venture with Safran, also ordering nearly 50
GE

GE reports $13.6B loss

UPDATED 9:32 a.m. As it begins the process of selling off GE Capital, Fairfield-based General Electric took a first-quarter loss of $1.35 a share, primarily from GE Capital operations it now lists as
Jeff Immelt

GE: “speed is going to matter” in sale of GE Capital

General Electric is selling off most of its GE Capital assets to focus on its industrial businesses, starting with the $26.5 billion sale of GE Capital Real Estate and with the Fairfield-based company
GE Real Estate

Report: GE nears massive RE sale

Fairfield-based General Electric is close to selling off some or all of its real estate holdings to Blackstone and Wells Fargo, according to a Thursday report in the Wall Street Journal, with GE

Oil hurts GE results

Updated at 8:52 a.m. General Electric revenue rose 4 percent in the fourth quarter to $42 billion, with strong growth in its industrial segment partially offset by a 6 percent drop in revenue reported

GE’s Jeff Immelt to appear before French government today

GE CEO Jeff Immelt is set to appear before the French parliament on Tuesday to defend the company’s $16.9 billion big for Alstom’s energy unit, according to a story in Reuters this morning. The story

How GE stays on top

Harvard Business Review’s blog has a post this morning titled, “How GE Stays Young,” which lays out the ways the 130-year-old company has managed to stay on top of its game. The secret, according to

Alstom set to make announcement on GE offer soon

Alstom, the French industrial company which produces high-speed rail, said Monday that it would make an announcement soon regarding its future. GE is in talks to buy the energy unit of Alstom, a deal

WSJ reports GE’s Jeff Immelt reconsidering 20-year tenure

Today’s Wall Street Journal has a story about Jeff Immelt possibly shortening his run as GE’s CEO. Immelt, 58, had been expected to lead the $258 billion company for 20 years, but according to

GE files for IPO for credit card unit

As part of a strategy to shrink its retail finance business, GE on Thursday filed an initial public offering for a credit card unit that holds accounts with big retailers like Gap, Wal-Mart and J.C.