General Electric was blocked by a federal judge in Boston from making or selling its massive Haliade-X offshore wind turbines in the US, dealing a fresh blow to the conglomerate’s struggling renewable energy division.
General Electric (GE) hired Carolina Dybeck Happe as its next chief financial officer, giving top boss Larry Culp a new partner to help tackle one of the trickiest turnaround efforts in corporate America.
General Electric Co. agreed to sell a majority stake in a solar-energy business to BlackRock Inc., giving the investment giant footing in a growing market as the ailing manufacturer shifts its focus elsewhere.
General Electric Co. erasing $200 billion in market value would have seemed fantastical just a few years ago, but it has become reality amid accounting issues, weak demand, heavy debt and turmoil at the top.
General Electric Co. agreed to sell its industrial gas-engine business to Advent International for $3.25 billion, bolstering Chief Executive Officer John Flannery’s plan to shed assets and reshape the beleaguered manufacturer.
General Electric Co., Merck KGaA, Sigma-Aldrich Corp. and Canon Inc. are the latest companies to risk hefty penalties as the European Commission clamps down on violations of its merger approval procedures.
Today, Baker Hughes GE (BHGE) will emerge as the new kid on the block on the New York Stock Exchange (NYSE), signalling the formal merger of Baker Hughes and GE Oil and Gas. This new company packs a real punch with around 70,000 employees in over 120 countries and annual revenues of US$23 billion in 2016.