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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
Categories: GE, General
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
Categories: GE, General
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
Categories: GE, General

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
Categories: Energy, GE, General

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
Categories: GE

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
Categories: GE

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
Categories: GE

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
Categories: GE

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.
Categories: GE, IPO