General Electric
Former GE chief and management icon Jack Welch dies at 84
03 Mar 2020
Welch followed a results-driven, hands-on style of management that helped GE turn around, although at the expense of thousands of employees who lost their jobs as Welch went on cutting costs and getting rid of unprofitable businesses
GE's WMC Mortgage unit files for bankruptcy
29 Apr 2019
GE to sell biopharma business to Danaher for $21.4 billion
26 Feb 2019
The reversal of an earlier decision not to sell the biopharma business will accelerate GE’s strategy to reduce leverage and strengthen its core healthcare businesses thereby strengthening its balance sheet
Troubled GE drops out of Dow Jones for first time in 110 years
20 Jun 2018
General Electric (GE) was the last original member of the Dow Jones Industrial Average, tracing its roots to Thomas Edison's light bulb business founded in the 1890s. It will be replaced on the index by drugstore chain Walgreens Boots Alliance
GE Capital's $6.2 bn insurance losses force a revival of breakup plans
17 Jan 2018
General Electric Co is planning to undertake a more comprehensive restructuring, a decade after it hived off substantial businesses to concentrate on its main business
GE to shrink operations, focus on three core businesses: report
13 Nov 2017
GE will close its research and development centers in Shanghai, Rio de Janeiro and Munich, leaving the company with R&D facilities only in New York and Bangalore
General Electric profit down 10% at $1.8 bn in July-Sept quarter
21 Oct 2017
GE’s new CEO John Flannery vowed to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver after what he called “horrible” results in the third quarter
Microsoft in wind project pact with GE
10 Oct 2017
GE’s oil and gas business merges with Baker Huges Inc
04 Jul 2017
Baker Hughes, now a GE company, is the first and only company to bring together industry-leading equipment, services and digital solutions across the entire spectrum of oil and gas development, according to GE
Reliance Industries and GE form global IoT partnership
17 Nov 2016
RIL and GE will work together to provide industrial IoT solutions to customers in oil & gas, fertiliser, power, healthcare, telecom and other industries
GE to merge Baker Hughes to create a $30 bn oilfield services giant
31 Oct 2016
With $32 billion in combined revenues, and operations in over 120 countries, the “New” Baker Hughes will be the second-largest oilfield services provider
Baker Hughes, GE in oil-field services partnership talks
28 Oct 2016
Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry
GE to buy 75% in German 3D printing maker Concept Laser for $599 mn
28 Oct 2016
The move comes a day after GE abandoned its €683-million takeover offer for German 3D printer maker SLM Solutions Group
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