On Wednesday, CEO of the General Electric Chief Executive Jeff Immelt said that it makes no sense to shut down the Export-Import (Ex-Im) Bank, which provides loans, loan guarantees and insurance to aid overseas sales by US companies.
Immelt has been a vocal supporter and in favor of re-...read more
General Electric management has planned a major shift in its portfolio to concentrate on manufacturing and industrial units. GE plans to exit its interest in GE Capital and CEO Jeffrey Immelt plans to spend around $5 billion on expansion of manufacturing units. GE is also in advance talks with...read more
Swedish company Electrolux announced that it would buy General Electric's household appliances business for $3.3bn. It is Electrolux's biggest deal ever that will help it in the US market to take on rival Whirlpool Corp.
Electrolux is already the world's second-largest home appliance...read more
The U. S. Food and Drug Administration has given green signal to General Electric Co's healthcare unit for its mammography device. The device called as SenoClaire produces three-dimensional images to identify breast cancer.
SenoClaire has a unique working process as it uses imaging...read more
General Electric has registered 13 percent increase in the quarterly net profit as the company registered strong demand in jet engines and recovery in the oil & gas units. The company has announced bullish outlook for the coming quarters.
GE also announced that the private label...read more
France has selected General Electric for as a partner for Alstom SA with a condition of 20 percent stake in the venture. Economy Minister Arnaud Montebourg announced that the state would support GE bid for the Paris-based Alstom’s gas turbine operations.
France has rejected the offers...read more
The overall ‘asthma epidemic’ among children has...Read More
People in huge numbers gathered in the Mount Lofty...Read More
As New Year is approaching, people have already...Read More
Alzheimer’s disease, the commonest cause of...Read More
Cases of opioid abuse have been increasing and...Read More
In an announcement made on December 22, cable giant...Read More