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GE Announces U.S. Pension Plan Actions
GE, NASA Partner On $12 Mln Program To Advance Future Of Electric Flight
Ørsted To Pioneer Deployment Of GE's Offshore Wind Turbine
General Electric Company is a global digital industrial company. The Company's products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
Misc. Capital Goods
41 Farnsworth St
H. Lawrence Culp
Chairman of the Board, Chief Executive Officer
David L. Joyce
Vice Chairman of General Electric Company and President and Chief Executive Officer, GE Aviation
Jamie S. Miller
Chief Financial Officer, Senior Vice President
Chief Human Resource Officer, Senior Vice President
Michael J. Holston
Senior Vice President, General Counsel, Secretary
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General Electric Co said on Monday it would freeze pensions for about 20,000 salaried U.S. employees and take other related moves to help the ailing conglomerate cut debt and reduce its retirement fund deficit by up to $8 billion.
General Electric Co said on Monday it was freezing the pension plan for about 20,000 U.S. employees with salaried benefits, as the industrial conglomerate looks to cut its huge debt pile.
Lawrence Culp has held the top job at General Electric <GE.N> for nearly one year and on Thursday one of the industrial conglomerate's biggest shareholders, activist investor Nelson Peltz, gave him a shout-out for being "fantastic."
A grand jury in Alaska this week indicted General Electric's Baker Hughes, two of its subsidiaries and an employee, for 25 felony charges of assault relating to toxic chemical releases at a construction site, according to authorities.
General Electric Co (GE) on Wednesday said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process.
General Electric Co on Wednesday said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process.
General Electric <GE.N> is looking to raise up to $3 billion in sale of majority-owned Baker Hughes <BHGE.N> shares, resulting in a reduction of the U.S industrial conglomerate's stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday.
Baker Hughes said on Tuesday it would repurchase $250 million worth of its stock from General Electric Co and the industrial conglomerate's presence in the oilfield services company's board would shrink to one from five.
Paris prosecutors are investigating allegations of what they called an improper acquisition of interest by Hugh Bailey, head of General Electric in France, who worked as an adviser to President Emmanuel Macron when he ran the economy ministry.
General Electric Co is investigating the cause of another accident involving wind power equipment it built and installed on a wind farm in Brazil operated by power company Omega, the two companies said on Thursday.
Oil prices are likely to remain range-bound for the "foreseeable future" and there will be little spending growth in North American oil and gas fields in the near to medium term, Lorenzo Simonelli, chief executive of General Electric Co's Baker Hughes <BHGE.N> said on Tuesday...
A federal judge in Manhattan on Thursday partially dismissed a lawsuit by investors in General Electric Co <GE.N> that accused the company of concealing $24 billion (19.55 billion pounds) in insurance liabilities and using fraudulent accounting to prop up its power business.
A federal judge in Manhattan on Thursday partially dismissed a lawsuit by investors in General Electric Co that accused the company of concealing $24 billion in insurance liabilities and using fraudulent accounting to prop up its power business.
New York sued the U.S. Environmental Protection Agency on Wednesday, accusing the agency of prematurely allowing General Electric Co to stop clearing the Hudson River of PCB contamination before the cleanup was finished.
New York sued the U.S. Environmental Protection Agency on Wednesday, accusing the agency of allowing General Electric Co to stop clearing the Hudson River of PCB contamination before the cleanup work was finished.
Betting against General Electric Co <GE.N> stock has increased in the last week as the stock has fallen following a report by fraud investigator Harry Markopolos that questioned the conglomerate's accounting, financial analytics firm S3 Partners said on Tuesday.
General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both a high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday.
General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud.
General Electric Co further defended itself on Monday against fraud investigators who said last week the Boston-based conglomerate had failed to put aside money to cover $29 billion in potential insurance losses and had improperly counted profit from subsidiary Baker Hughes...
General Electric Co <GE.N> shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE's new CEO.
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