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Tag: general-electric

  • Baker Hughes shares set to rise on GE deal: Barron’s

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    NEW YORK (Reuters) – Shares of oilfield services company Baker Hughes Inc could rise significantly if it completes its merger with General Electric Co's oil and gas division, according to a report in Barron's. The companies announced the deal last month, just as competition in the sector started to heat up after several years of…

  • GE wins data contract with largest public U.S. energy utility

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    By Alwyn Scott NEW YORK (Reuters) – General Electric Co said on Thursday it has been picked to supply software and analytics to New York state's public electrical system, the largest test so far of GE's ability to improve power efficiency and reliability with digital technology. The deal with the New York Power Authority covers…

  • South Korea picks GE to supply engines for homegrown fighter jets

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    South Korea has picked General Electric Co to supply engines for its homegrown KF-X fighter jet project, preferring the U.S. giant over a European consortium in a deal that could be worth an estimated $3.5 billion. The decision, announced on Thursday by the country's arms procurement agency marks the latest step in Seoul's multi-billion dollar…

  • South Korea picks GE to supply engines for homegrown fighter jets

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    South Korea has picked General Electric Co to supply engines for its homegrown KF-X fighter jet project, preferring the U.S. giant over a European consortium in a deal that could be worth an estimated $3.5 billion. The decision, announced on Thursday by the country's arms procurement agency marks the latest step in Seoul's multi-billion dollar…

  • GE to move headquarters to Boston from Connecticut

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    General Electric Co said on Wednesday it will move its global headquarters to Boston and sell its offices in Fairfield, Connecticut, and Rockefeller Plaza in New York City. The decision caps a search that began last summer as Connecticut lawmakers passed a budget that increased taxes by $1.2 billion over two years, drawing protests from…

  • GE to move headquarters to Boston from Connecticut

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    By Alwyn Scott NEW YORK (Reuters) – General Electric Co said on Wednesday it will move its global headquarters to Boston and sell its offices in Fairfield, Connecticut, and Rockefeller Plaza in New York City. The decision caps a search that began last summer as Connecticut lawmakers passed a budget that increased taxes by $1.2…

  • GE predicts up to 15 percent rise in 2016 operating income

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    General Electric Co predicted on Wednesday a double-digit rise in operating earnings in 2016 to between $1.45 and $1.55 a share and said it would return about $26 billion to shareholders, sending its stock up sharply. GE said it expected double-digit growth in operating profit at its power and energy management businesses, boosted by the…