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Keyword: generalelectric

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  • Jack Welch, Former Chairman And CEO of GE, dies at 84

    03/02/2020 6:01:00 AM PST · by Enlightened1 · 59 replies
    CNBC ^ | 03/02/20
    Jack Welch was a railroad conductor’s son who rose to chairman and CEO of General Electric.During the 20 years he led the conglomerate, its market value grew from $12 billion to $410 billion.Fortune magazine once called him “manager of the century,” but he also was known as “Neutron Jack” for slashing tens of thousands of jobs.  Jack Welch, a railroad conductor’s son who became chairman and CEO of General Electric and led it for two decades, growing its market value from $12 billion to $410 billion, has died. He was 84.His death was announced Monday by his wife, Suzy. With...
  • Prediction 2020

    01/02/2020 10:46:53 AM PST · by SunkenCiv · 30 replies
    various | January 2nd, 2020 | various
    The wall will be begun and nearly completed by the end of 2020.Legal challenges to the construction of the wall will fail.President Trump's popularity will grow the more the wall is completed.Impeachment will either never make it to the Senate due to Pelousy's fascistic tactics, or it will arrive and be a) shredded item by item or b) called up for a vote and rejected on a bipartisan basis.President Trump's popularity will grow the longer the hoaxpeachment totters on.In Venezuela, there will be a civil war between factions of the military, one of which will initially support Maduro, then...
  • World's biggest jet engine takes to the skies: Prototype that will power Boeing's 406 seat [tr]

    03/16/2018 8:06:05 AM PDT · by C19fan · 31 replies
    UK Daily Mail ^ | March 16, 2018 | Tom Collins
    Incredible footage has revealed the moment that the world's biggest jet engine took to the skies for the first time, ahead of its planned maiden commercial flight in 2020. The huge GE9X powerplant, which is as wide and tall as the fuselage of a Boeing 737, is being built for the latest version of the firm's long-haul 777, the 777X 'megaplane'. General Electric has now begun flight trials of the prototype, after delays caused by technical problems stopped tests originally planned for late last year.
  • Avian incident knocks out 84% of massive California solar farm

    06/21/2019 1:35:46 AM PDT · by metmom · 43 replies
    LATimes ^ | June 20, 2019 | Bloomberg
    An avian incident sparked a fire at one of Californias biggest solar farms, affecting 1,200 acres and knocking out 84% of the California Valley Solar Ranchs generating capacity. The June 5 incident didnt damage solar panels at the 250-megawatt power plant, but distribution poles and cables need to be replaced, according to a regulatory filing Wednesday from owner Clearway Energy Inc. The company didnt say exactly how the blaze was ignited. We are pleased that in the aftermath of the fire at California Valley Solar Ranch, our team and first responders were able to ensure the safety of the surrounding...
  • General Electric to scrap California power plant 20 years early

    06/21/2019 5:52:28 PM PDT · by Java4Jay · 60 replies
    eneral Electric Co said on Friday it plans to demolish a large power plant it owns in California this year after only one-third of its useful life because the plant is no longer economically viable in a state where wind and solar supply a growing share of inexpensive electricity.
  • No one asks the top CEOs where they went to college (very good article)

    03/14/2019 9:24:15 PM PDT · by Beave Meister · 42 replies
    Chicago Business.com ^ | 3/14/2019 | JOE NOCERA
    The perception that only elite schools produce elite leaders needs to die. The No. 1 company in last years Fortune 500 was Walmart Inc., with $500 billion in revenue. That would make its chief executive, Douglas McMillon, a pretty important and powerful executive, dont you think? Can you guess where he went to college? The University of Arkansas. He has an MBA, too. From the University of Tulsa. Second on the list was Exxon Mobil Corp. Its CEO, Darren Woods, went to Texas A&M. Third was Berkshire Hathaway Inc., run by the man many consider the greatest investor who ever...
  • Prediction 2019 (a little late, and a total freakin' vanity)

    01/27/2019 6:08:57 PM PST · by SunkenCiv · 72 replies
    various | January 1st, 2019, Belated Happy New Year! | various
    Pretty much any subject, stupid humor is fine, general stupidity not so much, and please no snarking, that's directed at you snarky SOBs. Someone used to do a thread like this every year, but, alas, he got banned. The good news (for me, anyway) is I just noticed that a really big butthole (not the same FReeper) got banned for NeverTrumping back in 2016, and I hadn't missed the ******* at all. That got me thinking, because the predictions thread guy also got booted for NeverTrumpism, if memory serves (not sure, I think I'd already been kicked out for something...
  • The Biggest Jet Engines in History Are Finally Ready to Power Boeing's Biggest Plane

    01/07/2019 8:12:07 AM PST · by C19fan · 35 replies
    Popular Mechanics ^ | January 4, 2018 | Sam Blum
    Boeing is set to debut its biggest plane ever next month, and the 777X has finally been paired with the gargantuan GE9X engine that will propel its flight. The plane is currently housed in Boeing's Everett, Washington, assembly plant, where pictures show it looming over workers as they prepare it for its maiden flight. The GE9X engine is the biggest turbine engine in the world. At roughly the size of an entire Boeing 737's fuselage, it was subjected to test flights last March when a single turbine was hitched to a 747 testbed. The engine includes a composite fan more...
  • General Electric Will Rise Again Heres Why

    12/07/2018 7:05:57 PM PST · by SeekAndFind · 14 replies
    Banyan Hil ^ | 12/05/2018 | Jeff Yastine
    One thing I’ve seen over and over again in my career as a journalist and investor is the well-documented phenomenon of Wall Street analyst “pile-ons.”You know, where a stock is headed unsustainably higher and higher — and analysts outdo each other raising their price targets.It happens in the other direction too, where analysts come up with all sorts of reasons to justify why a company’s stock will head lower and lower.That’s certainly the case with General Electric Co. (NYSE: GE) these days.A shareholder would seemingly have to be stupid, crazy or “very, very brave” (as Vanity Fair’s finance writer...
  • NYU student gov passes anti-Israel resolution by secret ballot

    12/07/2018 11:16:51 AM PST · by C19fan · 9 replies
    Campus Reform ^ | December 7, 2018 | Andrew Lawrence
    New York University student senators passed a resolution Thursday in support of the university divesting from three companies associated with the Israeli government and instituting a socially responsible investment policy. Israeli-affiliated companies named in the resolution included Caterpillar, General Electric, and Lockheed Martin. Only NYU students were allowed to attend the senate meeting, each senator's vote remained anonymous, and those who wished to address the room were limited to two minutes when speaking. The meeting, which was expected to last for about two hours, was ultimately extended until it spanned nearly three-and-a-half hours.
  • Dow jumps more than 250 points after the US and Canada secure a deal to replace NAFTA

    10/01/2018 8:34:29 AM PDT · by Red Badger · 73 replies
    CNBC ^ | 10/01/2018 | Fred Imbert
    Stocks rose sharply on Monday as investors cheered news of Canada joining a trade deal with the United States and Mexico. The Dow Jones Industrial Average rose 264 points as American Express and Boeing outperformed. The S&P 500 gained 0.8 percent, led by 1 percent jumps in materials and industrials. The Nasdaq Composite advanced 0.7 percent as Amazon and Apple both climbed more than 1 percent. "The biggest risk factor [in the market] is a trade war and we've dialed that down a bit," said Mike Bailey, director of research at FBB Capital Partners. Bailey noted, however, the market may...
  • General Electric Drops on Confirmation of Issue with Turbine Component

    09/20/2018 3:38:04 PM PDT · by BenLurkin · 7 replies
    TheStreet.com ^ | 09/20/2018 | Anders Keitz
    The Boston-based company discovered an "oxidation issue" that could cause distress on blade components of the HA gas turbine. GE launched the HA turbine in 2016 and has received orders for more than 80 turbines, more than half of which have already shipped to customers in the U.S., Europe and Asia. "Obviously, this was a frustrating development, for us, as well as for our customers," GE Power CEO Russell Stokes wrote in a LinkedIn post. "But we have identified a fix and have been working proactively with HA operators to address impacted turbines." "A few weeks ago, there was an...
  • GE shares pop after plans to spin off health-care unit, on pace for its best day in 3 years

    06/26/2018 12:39:26 PM PDT · by SeekAndFind · 16 replies
    CNBC ^ | 06/26/2018 | Tae Kim
    GE on path to reduce debt by $25 billion GE's turnaround strategy is becoming clear. The company announced plans on Tuesday to spin off its health-care unit and separate its stake in oil services company Baker Hughes over the next two to three years. GE will focus its operations on the aviation, power and renewable energy businesses. Today marks an important milestone in GEs history. We are aggressively driving forward as an aviation, power and renewable energy company three highly complementary businesses poised for future growth. We will continue to improve our operations and balance sheet as we make...
  • General Electric shareholders should rejoice at the Dow removal

    06/20/2018 7:56:38 AM PDT · by Red Badger · 30 replies
    CNBC ^ | 06/20/2018 | Tae Kim
    After more than a hundred years as a component in the Dow Jones industrial average, General Electric will be replaced by drugstore chain Walgreens Boots Alliance next week. But GE investors may take solace in the recent history of stock price out performance from the companies booted from the Dow. On Tuesday David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, said in a statement adding Walgreens to the Dow Jones industrial average will make the index "more representative of the consumer and health-care sectors of the U.S. economy." "Today's change to the (Dow...
  • General Electric gets booted from the Dow

    06/19/2018 3:50:31 PM PDT · by Magnatron · 52 replies
    CNN Fake News ^ | 19 June 2018 | Matt Egan
    For the first time in 110 years, General Electric will not be a member of the elite Dow Jones Industrial Average. S&P Dow Jones Indices announced on Tuesday that the iconic maker of light bulbs and jet engines will be replaced in the 30-stock index by Walgreens Boots Alliance. GE (GE) was an original member of the Dow in 1896 and has been in it continuously since November 7, 1907. Being ousted from the Dow is the latest indignity for GE, which is dealing with a serious cash crisis caused by years of bad deals. GE has replaced its CEO,...
  • GE Aviation Gets Win as Rolls-Royce Dreamliner Engine is Grounded (Bright spot for troubled company)

    06/11/2018 2:12:43 PM PDT · by SeekAndFind · 18 replies
    The Street ^ | 06/11/2018 | Taylor Nicole Rogers
    General Electric's (GE - Get Report) Aviation unit, one of the few businesses in which the troubled conglomerate is making money, is poised to take advantage of the engine problems suffered by a chief rival. Rolls-Royce Holdings PLC, GE's biggest competitor in airplane engines, said Monday that all 166 of the engines it built for Boeing's fleet of 787 Dreamliners must be grounded pending inspection of a faulty part. The British manufacturer's misfortune provides a rare opportunity for a win for GE, who makes the only engine interchangeable with Rolls-Royce's Trent 1000. "It's hard to make the direct connection to...
  • What the Hell Happened at General Electric?

    05/25/2018 9:03:43 AM PDT · by SeekAndFind · 51 replies
    Fortune ^ | 05/25/2018 | Geoff Colvin
    Its a bad day for a CEO when he announces hes retiring and the stock goes up. That was Jeff Immelts day on June 12, 2017. The news of his departure was in one sense no surprisesome investors and analysts had been urging his ouster for years;but it was also a shock. Hed been General Electrics CEO for almost 16 years, and outsiders were unaware of any specific succession plans or that Immelt, at age 61, had any intention of stepping down. Suddenly they were told that in just seven weeks hed be gone as CEO (he remained nonexecutive board...
  • Reckoning at Hand for General Electric? (The company might not survive a financial crisis intact)

    02/19/2018 6:31:29 PM PST · by SeekAndFind · 16 replies
    American Thinker ^ | 02/19/2018 | Charles Ortel
    If your hackles are not yet up concerning the outlook for highly indebted multinational companies such as GE in a possible looming crisis of 2018, they ought to be.  From September 2008 until recently, we operated in a new world without traditional controls, prepared to believe everything and happy to own almost anything.  Skeptics were mocked, as markets rocked. However, in recent months, benchmark interest rates in the United States – the largest market in the world – are trending upward after ten years at historic low levels.  As interest rates rise, most asset values will fall.  Declining asset values are especially worrying for complex...
  • General Electric cuts 12,000 jobs, blames lagging coal demand

    12/07/2017 9:49:52 AM PST · by Oshkalaboomboom · 24 replies
    Washington Examiner ^ | Dec 7, 2017 | John Siciliano
    General Electric Co. announced Thursday that it will cut 12,000 jobs from power division amid a global softening of electricity demand and the switch from coal and other fossil fuels. "The plans announced today are driven by challenges in the power market worldwide," the manufacturing giant said. "Traditional power markets including gas and coal have softened. Volumes are down significantly in products and services driven by overcapacity, lower utilization, fewer outages, an increase in steam plant retirements, and overall growth in renewables." The company said Thursday that the cuts will "right-size" GE Power amid the transition taking place in the...
  • A Real Life "House of Cards" - The Most Striking WikiLeaks Revelations From The "Podesta Files"

    10/08/2016 3:04:40 PM PDT · by Rockitz · 35 replies
    ZeroHedge.com ^ | 8 October 2016 | Tyler Durden
    They say that "life imitates art"...or is it the other way around...the lines are getting so blurred. In any event, we thought we would take this opportunity to highlight some of the most startling discoveries we found so far in Doug Stamper's...sorry, John Podesta's emails. You have to admit there are some similarities there and they even have the same position...hopefully the Clinton Foundation is receiving royalties from HBO... Yesterday we pointed out the many amazing one-liners offered up by Hillary as she was out collecting millions of dollars for her "Wall Street speeches." Here is an expanded sample: Hillary...