GE forms digital unit, says energy management head to retire

Last Updated: Tuesday, September 15, 2015, 08:50

GE, which under Chief Executive Jeff Immelt has made a big bet on marrying software and analytics with its industrial products, will bring all of the digital capabilities from across the company into one organisation, it said.

GE to sell transportation finance unit to BMO

Last Updated: Friday, September 11, 2015, 09:14

US industrial conglomerate General Electric said Thursday it would sell the transportation finance unit of its GE Capital to Canada`s BMO Financial Group.

GE-Alstom's $14-billion deal gets okay from EU, US

Last Updated: Wednesday, September 9, 2015, 13:15

US-based General Electric in April last year had offered to buy France's Alstom energy business for USD 13.9 billion.

EU approves $13.4 billion GE's Alstom buyout

Last Updated: Tuesday, September 8, 2015, 23:26

The EU announced Tuesday it had approved a deal under which US giant General Electric will acquire the energy business of French company Alstom for 12 billion euros (USD 13.4 billion), after Alstom agreed to sell some assets to an Italian rival.

EU regulators have approved GE-Alstom deal: Source

Last Updated: Monday, September 7, 2015, 23:00

The European Union has approved a deal under which General Electric will acquire the energy business of French company Alstom for USD 12 billion, a source close to the transaction said Monday.

GE to sell Healthcare Financial Services for $9 bn

Last Updated: Wednesday, August 12, 2015, 03:40

General Electric said Tuesday it has agreed to sell its Healthcare Financial Services and related loans to US bank Capital One for $9 billion.

GE reports loss due to charge; industrial profits up

Last Updated: Friday, July 17, 2015, 17:14

General Electric reported a loss Friday for the second quarter due to restructuring costs, although profits from industrial businesses rose.

US sues to block Electrolux buy of GE appliance business

Last Updated: Thursday, July 2, 2015, 03:31

US antitrust officials filed suit on Wednesday to block the sale of General Electric`s appliance business to Sweden`s Electrolux, saying the $3.3 billion deal would harm consumers.

GE to sell fleet services to Element for $6.9 bn

Last Updated: Monday, June 29, 2015, 21:19

General Electric said Monday it had agreed to sell its vehicle fleet management and financing services in the United States and three other countries to Canadian firm Element Financial for $6.9 billion.

Google, GE get the most face time when lobbying the EU

Last Updated: Thursday, June 25, 2015, 08:36

General Electric, which is trying to get EU approval for its bid for Alstom`s power division, had 26 meetings with senior officials, according to the report.

GE in talks with Element Financial on fleet assets sale

Last Updated: Wednesday, May 27, 2015, 08:48

While a deal has not yet been reached, GE hopes to draw up terms of a sale by the end of the quarter, Bloomberg reported.

GE unveils digital wind farms in power push

Last Updated: Thursday, May 21, 2015, 16:29

US-based General Electric on Thursday rolled out digital wind farms (DWFs) that can boost power production by up to 20 percent and help generate about USD 50 billion of value for the wind industry.