Bookmark

Add to MyYahoo RSS

General Electric News

News on General Electric (Ticker: GE) continually updated from thousands of sources around the net.

14 hrs ago | The Fairfield Daily Voice

GE's Sale Of Appliances Business To Electrolux Tops Fairfield Week's News

Fairfield-based General Electric has signed a definitive agreement to sell its signature appliances business to Electrolux for $3.3 billion. The Fairfield Board of Selectmen is conducting its 11th annual Town Employee and Fairfielder of the Year Awards and is seeking nominations for the honors.

Comment?

Related Topix: Fairfield, CT, Financial Services, Aerospace-Defense, Sacred Heart University, Bridgeport, CT

19 hrs ago | Nerve News

TCS opens all-women back office in Saudi Arabia

Indian IT bellwether TCS Sunday opened the first all-women back office centre in Riyadh, Saudi Arabia, in partnership with GE and Saudi Aramco. The 3,200-square metre business process centre will offer jobs for 3,000 Saudi women for customers like oil major Saudi Aramco and the US-based General Electric in the desert kingdom over the next three years.

Comment?

Related Topix: World News, Middle East, Saudi Arabia, Financial Services, Aerospace-Defense

23 hrs ago | Foster's Daily Democrat

GE, home appliance pioneer, gives up on consumers

General Electric, a household name for more than a century in part for making households easier to run, is leaving the home. The company is selling the division that invented the toaster in 1905 and now sells refrigerators, stoves and laundry machines.

Comment?

Related Topix: Financial Services, Aerospace-Defense, Thunderbird School of Global Management, Fairfield, CT

Sat Sep 13, 2014

Seeking Alpha

GE Sells Appliance Division; Long-Term Play Becomes Clearer

In its latest strategic move, GE announced it was selling off its appliance division to Electrolux for $3.3 billion. While not unprofitable, the division earned less than 4% of GE's total $146 billion; GE will focus on more profitable and larger growth sectors, such as energy .

Comment?

Related Topix: Honeywell International, Manufacturing, 3M, Aerospace-Defense, Honeywell, Chemicals, Financial Services, TV, Electronics, Jack Welch

Seeking Alpha

General Electric Is Making The Right Moves To Grow

The growth in the oil and gas segment has been impressive for the company and it will be an extremely important area for GE. The growth in oil and gas exploration will result in substantial growth in sales for GE's oil and gas segment.

Comment?

Related Topix: Financial Services, Aerospace-Defense, Exxon Mobil, Energy, Oil & Gas

The Globe and Mail

There's light at the end of GE's dark decades

Two crashes later, the stock hasn't come close since - and may not for several more years. "You can think about it as the two lost decades at GE," says analyst Nicholas Heymann of William Blair & Co.

Comment?

Related Topix: Financial Services, Aerospace-Defense, Whirlpool Corporation, Appliances

Fri Sep 12, 2014

News Times

Selection of firms to design and build Newtown community center gets underway

Progress toward a $10 million community center on the grounds of the Fairfield Hills campus has begun, with the town building committee's listing of architects and contractors to be interviewed for the job later this month. Town leaders expect the community center, to be paid for with part of a $15 million from General Electric, to include swimming pools and recreation spaces for youth and seniors.

Comment?

Related Topix: Financial Services, Aerospace-Defense

Seeking Alpha

General Electric: A Cyclical Conglomerate Play With 40% Upside Potential

When it comes to the conglomerate sector, there is no other company I like as much as General Electric . Unfortunately for investors, shares of the giant diversified company, currently under stewardship of Jeffrey Immelt, have actually lost 5% of their value since the beginning of the year - and that is in spite of improving economic conditions, which should generally be supportive of conglomerate earnings in the future.

Comment?

Related Topix: Financial Services, Aerospace-Defense, Honeywell International, Manufacturing, Industrial Machines, Security, United Technologies Corporation

Business Journal

GE-Electrolux deal is positive for this Louisville ad agency

Washing machinces are among the products made at Appliance Park in Louisville. General Electric Co.

Comment?

Related Topix: Louisville, KY, Financial Services, Aerospace-Defense, Advertising

The Weekly Standard

EV 2: Electric Boogaloo

Back in the Edenic days when the rise of the oceans began to slow and the planet began to heal and the people of this great nation were as one-way back in January 2011, that is-President Obama called on Americans to put one million electric cars on the road by 2015. It was a typically Obamian diktat, addressed to both producers and consumers, greasing both sides with other people's money, and bearing no relation-none at all-to reality.

Comment?

Related Topix: Financial Services, Aerospace-Defense

Thu Sep 11, 2014

Seeking Alpha

GE: 40% Upside Potential With Limited Downside Risk

The PIT Strategy will lead to renewed revenue growth, and if it does not, we all have more to worry about than a poor investment in GE. When the Sage of Omaha announced that his Berkshire Hathaway would buy $3 billion worth of General Electric's preferred shares after the Lehman Shock of 2008, Buffett was quoted as saying that GE was "the symbol" of American business.

Comment?

Related Topix: Business Wire, Construction, Berkshire Hathaway , Startups, Berkshire Hathaway, Insurance, Empire Group, Investment Services, Financial Services, Aerospace-Defense, Jack Welch

GuruFocus.com

GE's Upcoming Focus Area - Oil and Gas

General Electric has been a surprise winner in the on-going U.S. energy revolution and has currently grown into one of the major equipment suppliers for oil and gas companies. In the oil and gas conference held on September 10, the management discussed the future prospects of the oil and gas industry sector.

Comment?

Related Topix: Financial Services, Aerospace-Defense, Oil & Gas, Construction, Lufkin Industries, Energy

News Max

Megan McArdle: Why General Electric Is Abandoning Your Kitchen

General Electric Co. is selling its appliances unit to Sweden's Electrolux AB. As an electrical-appliance hobbyist, I can't help but feel a little wistful.

Comment?

Related Topix: Financial Services, Aerospace-Defense

Sys-Con Media

TAS Energy Settles Patent Suit

In the suit, TAS Energy alleged that the chilling system at Palomar, which SDG&E purchased from General Electric Company, infringed a number of TAS Energy patents. TAS Energy's CEO JT Grumski is quoted as being "very pleased to achieve this constructive settlement with GE and SDG&E.

Comment?

Related Topix: Energy, San Diego Gas and Electric, Financial Services, Aerospace-Defense

Insider Monkey

General Electric Company (GE) Growth Car is Driven By Oil & Gas

The fuel that General Electric Company 's growth has been driving on is as obvious as it sounds, provided by its Oil & Gas division. CNBC 's Mary Thompson tried to unlock the secret edge that the company has over its competitors in an interview with GE Oil & Gas' CEO, Lorenzo Simonelli.

Comment?

Related Topix: Free Flow Power, Go Smart Solutions, Startups, Intelligent Systems, Direct Flow Medical, GE Global Research, Financial Services, Aerospace-Defense, Investment Services

Wed Sep 10, 2014

TheStreet.com

General Electric Unplugs Appliance Unit and Nets a Higher Premium

Your browser is not supported. Please upgrade to one of the following browsers: Google Chrome Mozilla Firefox Apple Safari Microsoft Internet Explorer 8+ You may proceed to the site by clicking here , however some pages might not work correctly.

Comment?

Related Topix: Financial Services, Aerospace-Defense, Mozilla, Financial Markets, Business News

Seeking Alpha

General Electric: A Surprise Winner In The Oil And Gas Arena

General Electric has been a surprise winner in the ongoing US energy revolution. Despite being only a niche player a few years ago, the company has now grown into one of the major equipment suppliers and servicers for oil and gas companies.

Comment?

Related Topix: Financial Services, Aerospace-Defense, Schlumberger, Energy, Oil & Gas, Halliburton, Weatherford International, Baker Hughes

Seeking Alpha

General Electric Has Focus, Upside And Is Defensive

I am a recent convert to General Electric , first seriously investigating the stock in July and shortly thereafter initiating a material position . Recent events, both GE-specific and macro, while not positively reflected in the stock price, lead me to be even more bullish on the company.

Comment?

Related Topix: Financial Services, Aerospace-Defense

Tue Sep 09, 2014

Worcester Telegram & Gazette

End of an eraElectrolux buys GE appliance for $3.3B

Two of the biggest names in home appliances are joining forces after General Electric agreed on Monday to sell its century-old appliance division to Electrolux of Sweden for $3.3 billion in cash. The deal will combine Electrolux's Frigidaire, one of the best-known brands for refrigerators, with G.E.'s stable of products, including its Monogram line of luxury appliances.

Comment?

Related Topix: Financial Services, Aerospace-Defense

Erie Times News

In Brief: GE to shed appliance division

General Electric Co., parent company of GE Transportation, plans to sell its appliance division to Sweden's Electrolux for $3.3 billion. The acquisition is the largest ever for Stockholm-based Electrolux, ranked as the world's second biggest home appliance maker after U.S. rival Whirlpool.

Comment?

Related Topix: Financial Services, Aerospace-Defense, Hollywood, FL

•••
•••
•••
•••
•••

Ashburn Jobs

•••
•••
•••
•••