General Electric

Jeff Immelt urges Congress to reauthorize Ex-Im Bank’s charter that expires on June 30

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 plans major change in portfolio

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

Electrolux acquires General Electric’s Appliances Business for $3.3bn

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

General Electric Co Wins FDA Approval for its 3D Breast Imaging Technology

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 Reports 13 Percent Increase in Net Profit; Outlook Bullish

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 Supports GE Bid for Alstom

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

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