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General Electric Company

GE.N

Latest Trade

9.04USD

Change

0.14(+1.57%)

Volume

6,456,952

Today's Range

8.88

 - 

9.09

52 Week Range

6.66

 - 

12.81

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

GE Healthcare, Premier Announce Breast Cancer Diagnosis Collaboration

Oct 16 (Reuters) - General Electric Co <GE.N>::GE HEALTHCARE - CO, PREMIER ANNOUNCED A COLLABORATION TO A DEVELOP MODEL TO BRING A SAME-DAY BREAST CANCER DIAGNOSIS & TREATMENT MODEL TO U.S..

GE Announces U.S. Pension Plan Actions

Oct 7 (Reuters) - General Electric Co <GE.N>::GE ANNOUNCES U.S. PENSION PLAN ACTIONS.GE - EXPECTS TO REDUCE GE’S PENSION DEFICIT BY APPROXIMATELY $5-8 BILLION.GE - FREEZING THE U.S. GE PENSION PLAN FOR APPROXIMATELY 20,000 EMPLOYEES WITH SALARIED BENEFITS.GE - FREEZING THE U.S. GE PENSION PLAN FOR U.S. SUPPLEMENTARY PENSION BENEFITS FOR APPROXIMATELY 700 EMPLOYEES.GE - EXPECTED TO NET DEBT BY APPROXIMATELY $4-6 BILLION.GE - OFFERING LIMITED TIME LUMP-SUM PAYMENT OPTION TO ABOUT 100,000 ELIGIBLE FORMER EMPLOYEES WHO HAVE NOT STARTED MONTHLY U.S. GE PENSION PLAN PAYMENTS.GE - CO IS PRE-FUNDING APPROXIMATELY $4-5 BILLION OF ESTIMATED MINIMUM ERISA FUNDING REQUIREMENTS FOR 2021 AND 2022..GE - ON TRACK IN ITS DELEVERAGING PLAN.GE - WILL RECORD A NON-CASH, PRE-TAX CURTAILMENT CHARGE IN Q4 RELATING TO U.S. GE PENSION PLAN & SUPPLEMENTARY PENSION FREEZE:.GE - CONTINUES TO EXPECT TO MAKE SIGNIFICANT PROGRESS TOWARD ITS LEVERAGE GOAL OF <2.5X NET DEBT TO EBITDA BY THE END OF 2020.GE - WILL CONTINUE TO EVALUATE FURTHER OPTIONS TO REDUCE LEVERAGE AND STRENGTHEN ITS BALANCE SHEET..GE - THERE IS NO CHANGE FOR GE RETIREES ALREADY COLLECTING PENSION BENEFITS OR EMPLOYEES WITH PRODUCTION BENEFITS.GE - COMPANY FUNDS WILL NOT BE USED TO MAKE LUMP SUM DISTRIBUTIONS.GE - ALL DISTRIBUTIONS WILL BE MADE FROM EXISTING PENSION PLAN ASSETS IN THE GE PENSION TRUST.GE - COMPANY DOES NOT EXPECT PENSION PLAN'S FUNDED STATUS TO DECREASE AS A RESULT OF OFFER.GE - EXPECTED TO REDUCE NET DEBT BY APPROXIMATELY $4-6 BILLION.

GE, NASA Partner On $12 Mln Program To Advance Future Of Electric Flight

Sept 19 (Reuters) - General Electric Co <GE.N>::GE - GE, NASA PARTNER ON $12MM PROGRAM TO ADVANCE FUTURE OF ELECTRIC FLIGHT.GE - COLLABORATING WITH NASA AAVP TO ENABLE FUTURE OF FLIGHT FOR LARGE COMMERCIAL AIRCRAFT WITH ELECTRIC PROPULSION.GE - FUNDING ON THE PROGRAM WILL BE A 50/50 COST SHARE BETWEEN GE AND NASA.

Ørsted To Pioneer Deployment Of GE's Offshore Wind Turbine

Sept 19 (Reuters) - Orsted A/S <ORSTED.CO>::ØRSTED TO PIONEER DEPLOYMENT OF GE'S NEXT GENERATION OFFSHORE WIND TURBINE.SUBJECT TO FINAL AGREED AND SIGNED CONTRACT AND ALL REQUIRED PROJECT APPROVALS, ØRSTED WILL DEPLOY HALIADE-X 12MW WIND TURBINES ON TWO OFFSHORE WIND FARMS CONSTITUTING ØRSTED'S MID-ATLANTIC CLUSTER.IN US ALONE, SEVEN STATES ON EAST COAST HAVE COMMITTED TO BUILDING A TOTAL OF 20GW OF OFFSHORE WIND CAPACITY BY 2035, EMPHASISING NEED FOR A BROAD AND DIVERSE SUPPLIER BASE.ØRSTED SAYS IT HAS SELECTED GE RENEWABLE ENERGY AS THE PREFERRED TURBINE SUPPLIER FOR TWO OF ITS US OFFSHORE WIND FARMS.ØRSTED HAS BEEN AWARDED RIGHTS TO BUILD OFFSHORE WIND FARMS TO SERVE MARKETS OF MARYLAND, NEW JERSEY, RHODE ISLAND, NEW YORK, AND CONNECTICUT.THESE WIND FARMS WILL HAVE A TOTAL CAPACITY OF APPROX 2.9GW AND WILL BE COMMISSIONED BY 2024.

GE CEO Says Making 'Good Progress' On Bringing Leverage Ratio Below 2.5x - MS Conf

Sept 12 (Reuters) - General Electric Co <GE.N>::GE CEO SAYS CO HAS TALKED ABOUT A TARGET OF BRINGING BACK THE LEVERAGE RATIO DOWN BELOW 2.5X; SAYS GE IS MAKING GOOD PROGRESS THERE- MORGAN STANLEY CONF.GE CEO SAYS CHINA IS A WATCH POINT FOR CO OPERATIONALLY, PARTICULARLY IN HEALTH CARE - MORGAN STANLEY CONF.GE CEO SAYS KEEPING AN EYE ON THE RETURN TO SERVICE OF THE 737 MAX - MORGAN STANLEY CONF.GE CEO SAYS SO FAR THIS YEAR HAS SEEN LITTLE BY WAY OF ADDITIONAL NEWS OR NOISE IN GE’S BUSINESSES THAT IS OUT OF CO’S CONTROL - MORGAN STANLEY CONF.GE CEO SAYS SEE A LOT OF OPPORTUNITY FOR “LEAN” AT THE AVIATION UNIT WHICH COULD BOOST MARGINS - MORGAN STANLEY CONF.

GE Announces Tender Offers To Purchase Up To $5 Billion Of Its Existing Debt

Sept 12 (Reuters) - General Electric Co <GE.N>::GE - ANNOUNCES TENDER OFFERS TO PURCHASE UP TO $5 BILLION OF ITS EXISTING DEBT.GE - TENDER OFFERS INCLUDE PURCHASE OF CERTAIN OF ITS OUTSTANDING USD-DENOMINATED DEBT SECURITIES IN AGGREGATE PURCHASE PRICE OF UP TO $2.5 BILLION.GE - PURPOSE OF TENDER OFFERS IS TO PURCHASE CERTAIN OUTSTANDING DEBT ISSUED BY GE, TO REDUCE LEVERAGE CONSISTENT WITH PREVIOUSLY ANNOUNCED PLANS.GE - TENDER OFFERS ALSO INCLUDE PURCHASE OF CERTAIN OF ITS OUTSTANDING EUR-DENOMINATED DEBT SECURITIES IN AGGREGATE PURCHASE PRICE OF UP TO $2.5 BILLION.GE - CONTINUE TO EVALUATE POTENTIAL DELEVERAGING ACTIONS INCLUDING PENSION FUNDING & INTERCOMPANY LOAN REPAYMENT TO GE CAPITAL, RELATED THIRD-PARTY DEBT.GE - EACH OF TENDER OFFERS WILL EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON OCTOBER 9, 2019.

GE Healthcare Receives FDA Clearance Of First Artificial Intelligence Algorithms Embedded On-Device To Prioritize Critical Chest X-Ray Review

Sept 12 (Reuters) - GE Healthcare, General Electric Co <GE.N>::GE HEALTHCARE RECEIVES FDA CLEARANCE OF FIRST ARTIFICIAL INTELLIGENCE ALGORITHMS EMBEDDED ON-DEVICE TO PRIORITIZE CRITICAL CHEST X-RAY REVIEW.GE HEALTHCARE - FDA'S 510(K) CLEARANCE OF CRITICAL CARE SUITE, AN INDUSTRY-FIRST COLLECTION OF AI ALGORITHMS EMBEDDED ON A MOBILE X-RAY DEVICE.

GE Announces $2.7 bln In Net Proceeds From Reduction Of Its Ownership In Baker Hughes

Sept 11 (Reuters) - GE <GE.N>::ANNOUNCES $2.7 BILLION IN NET PROCEEDS FROM REDUCTION OF ITS OWNERSHIP IN BAKER HUGHES, A GE COMPANY, TO APPROXIMATELY 38.4%.ANNOUNCED REDUCTION OF ITS OWNERSHIP IN BAKER HUGHES, A GE COMPANY THROUGH A PUBLIC OFFERING.OFFERING OF 115 MILLION SHARES UPSIZED AND PRICED AT A PRICE TO PUBLIC OF $21.50 PER SHARE.IS SELLING TO BHGE, IN A PRIVATELY NEGOTIATED TRANSACTION, $250 MILLION OF SHARES OF BHGE CLASS B COMMON STOCK, PAR VALUE $0.0001 PER SHARE.UPON COMPLETION OF TRANSACTIONS, GE AND ITS AFFILIATES WILL HOLD ABOUT 38.4% OF BHGE'S OUTSTANDING VOTING STOCK.GE- GE WILL NO LONGER HAVE CONTROLLING INTEREST IN BHGE, EXPECTS TO CONTINUE TO DIVEST REMAINDER OF ITS BHGE HOLDINGS IN AN ORDERLY FASHION OVER TIME.UPON CLOSE OF TRANSACTION, GE WILL REDUCE NUMBER OF ITS REPRESENTATIVES ON BHGE'S BOARD OF DIRECTORS FROM FIVE TO ONE.JOHN G. RICE IS EXPECTED TO REMAIN ON BHGE'S BOARD OF DIRECTORS AS GE'S REPRESENTATIVE.

Baker Hughes Announces Pricing Of Secondary Offering By GE

Sept 11 (Reuters) - Baker Hughes A Ge Co <BHGE.N>::BAKER HUGHES, A GE COMPANY ANNOUNCES PRICING OF SECONDARY OFFERING BY GE.CO TO PRICE SECONDARY OFFERING OF 115 MILLION SHARES OF BHGE CLASS A COMMON STOCK AT A PRICE TO PUBLIC OF $21.50 PER SHARE.BAKER HUGHES- IN ADDITION, CO HAS AGREED TO REPURCHASE FROM GE, ITS AFFILIATES, IN A PRIVATE TRANSACTION, 11,865,211 SHARES OF BHGE CLASS B COMMON STOCK.BAKER HUGHES - UPON COMPLETION OF OFFERING, GE & ITS AFFILIATES WILL CEASE TO HOLD MORE THAN 50% OF VOTING POWER OF ALL CLASSES OF BHGE'S VOTING STOCK.BAKER HUGHES- GE HAS INFORMED CO IT INTENDS JOHN G. RICE TO REMAIN ON CO'S BOARD AS ITS DESIGNEE & JAMIE S. MILLER, JAMES J. MULVA TO SUBMIT RESIGNATIONS.

Baker Hughes Announces Secondary Offering Of 105 Mln Shares Of Class A Common Stock And Share Repurchase

Sept 10 (Reuters) - Baker Hughes A GE Co <BHGE.N>::BAKER HUGHES, A GE COMPANY ANNOUNCES SECONDARY OFFERING OF 105 MILLION SHARES OF CLASS A COMMON STOCK AND SHARE REPURCHASE.BAKER HUGHES A GE CO - AGREED TO REPURCHASE FROM OF GE, AFFILIATES $250 MILLION OF SHARES OF BHGE CLASS B COMMON STOCK.BAKER HUGHES A GE CO - COMPANY INTENDS TO FUND SHARE REPURCHASE WITH CASH ON HAND AND OTHER AVAILABLE SOURCES OF LIQUIDITY.BAKER HUGHES A GE CO - UPON COMPLETION, GE AND ITS AFFILIATES WILL CEASE TO HOLD MORE THAN 50% OF VOTING POWER OF ALL CLASSES OF BHGE'S VOTING STOCK.BAKER HUGHES A GE CO - ACTIONS WILL REDUCE NUMBER OF INDIVIDUALS WHO GE IS ENTITLED TO DESIGNATE TO BHGE'S BOARD OF DIRECTORS FROM FIVE TO ONE.BAKER HUGHES A GE CO - GE HAS INFORMED COMPANY THAT IT INTENDS FOR JOHN G. RICE TO REMAIN ON BHGE BOARD OF DIRECTORS AS ITS DESIGNEE.BAKER HUGHES A GE CO - GE HAS INFORMED COMPANY THAT IT INTENDS FOR JAMIE S. MILLER AND JAMES J. MULVA TO SUBMIT THEIR RESIGNATIONS.BAKER HUGHES A GE CO - LORENZO SIMONELLI AND GEOFFREY BEATTIE EXPECTED TO CONTINUE TO SERVE ON COMPANY'S BOARD OF DIRECTORS BUT NOT AS GE DESIGNEES..

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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