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LOUISVILLE, Ky. — One of Louisville's biggest employers is making a massive investment, bringing hundreds of jobs into the Commonwealth from overseas. According to Kentucky Gov. Andy Beshear, GE Appliances is going to invest $490 million into its global corporate headquarters at Appliance Park in Buechel. It's the largest investment in the company's history. Advertisement GE Appliances will be bringing laundry production to Louisville as they reshore some production from China. “Today’s announcement brings more appliance manufacturing back to the United States and solidifies Kentucky and Louisville as the global headquarters of GE Appliances,” Beshear said. “GE Appliances is one...

June 26 (Reuters) - Chinese-owned GE Appliances said on Thursday it will spend $490 million to shift production of some washing machines to the U.S. from China as it rebalances its factory footprint amid extreme trade tensions between the world’s two largest economies. The washers will be built at the company’s "Appliance Park" in Louisville, Kentucky, a sprawling complex of factories that serves as its U.S. hub. The company, a division of China’s Haier, said it will add 800 workers after U.S. production begins in early 2027. The Kentucky government will provide up to $113.5 million in tax incentives for...

Boeing has been forced to ground its entire 777X test fleet due to a failed engine component - the latest in a series of blows to the embattled manufacturer. The 777X, Boeing's latest and most state-of-the-art aircraft, first took to the sky in 2020 but faced delays in certification by the Federal Aviation Administration... The FAA this summer gave the plane the go-ahead for test flights needed before launching passenger service. Boeing had planned to deliver the fleet in 2025, but the discovery of a failed component connected to the jet's engine has some buyers not expecting the jet until...

I made an order with GE August 5. Paid for a combo microwave/oven. Mine is 12 years old and the microwave stopped working. I had the tech out and he told me he can repair it but when the stove goes they do not make parts for it anymore. Suggested I might just get a new one. My kitchen has it such that my old combo microwave/oven is set in a cabinet that has no room for expansion on either side. Hence I am forced to buy the only combo microwave/oven that fits, and that is GE's product. So I...

General Electric is laying off 20 percent of its U.S. onshore wind workforce, which equates to hundreds of jobs, according to a person familiar with the matter who declined to be named.

General Electric Suspends Vaccine Requirement After Supreme Court RulingGeneral Electric, one of America’s largest employers, announced on Friday that it has suspended its coronavirus vaccine or test requirement for its employees after the U.S. Supreme Court blocked Joe Biden’s vaccine mandate for large businesses this week. “The maker of jet engines, wind turbines and medical scanners confirmed the decision Friday via email,” Bloomberg News reported. “GE is the first major company to announce a halt after the court’s decision Thursday to block the centerpiece of President Joe Biden’s push to boost Covid-19 vaccinations.”

Following the Supreme Court’s decision to block President Biden’s vaccine-or-testing rule for large companies, General Electric said it would suspend the implementation of the mandate for its employees. The Boston-based maker of jet engines, wind turbines, and medical scanners confirmed the decision Friday via e-mail. GE is the first major company to announce a halt after the court’s decision to block the centerpiece of Biden’s push to boost COVID-19 vaccinations. GE holds a number of government contracts, so its 56,000 employees in the US originally fell under a separate vaccination mandate for federal contractors. The company paused that requirement in...

General Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will divide itself into three public companies focused on aviation, healthcare and energy. It is the culmination of an arduous, yearslong reshaping of a symbol of American manufacturing might that could signal the end of conglomerates as a whole. “It’s over now," said Nick Heymann of William Blair, who has followed GE for years. "In a digital economy, there’s no real room for it.” The company has already rid itself of the products most Americans know including its appliances and last...

General Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will divide itself into three public companies focused on aviation, health care and energy. The company’s announcement Tuesday is the culmination of an arduous, yearslong reshaping of a symbol of American manufacturing might that could signal the end of conglomerates as a whole.

BROOMFIELD, Colo. (KDVR) — Large chunks of metal rained down on northwest Denver metro neighborhoods Saturday afternoon after a United Airlines plane reported engine trouble. United Airlines confirmed flight 328 departed Denver International Airport for Honolulu at 12:15 p.m.

White House economic adviser Larry Kudlow said Wednesday that General Motors CEO Mary Barra offered the automakers’ shuttered factories to produce ventilators to address the coronavirus crisis. Barra reportedly made several suggestions for how GM could assist the government, including using factory space for ventilator production, a person familiar with the matter told Bloomberg, adding that the government has yet to formally request the use of GM facilities. The automaker “is working to help find solutions for the nation during this difficult time and has offered to help, and we are already studying how we can potentially support production of...

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...

The perception that only elite schools produce elite leaders needs to die. The No. 1 company in last year’s Fortune 500 was Walmart Inc., with $500 billion in revenue. That would make its chief executive, Douglas McMillon, a pretty important and powerful executive, don’t 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...

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...

CATCH THE FALLING NUCLEAR knife in the BACK;; G.E., C.N.B.C. THE greatest Ponzi Scheme IN U.S. history;; Kevin d. blanch Ph.D. Son of CASSANDRA, Crammer and C.N.B.C. CRIMINAL GAND WORKED FOR G.E. the C.N.B.C., General electric CRIMINAL Ponzi scheme pomp pomp team FROM HELL;; 2000-2018 THE GREAT U.S. B.O.T. years;; DEBT, WAR, CONSUME, KILL the ECOLOGY & PROUD BUSH OBAMA TRUMP

General Electric took a $22.8 billion loss in the third quarter, with the conglomerate disclosing a criminal investigation by the U.S. Department of Justice over its financial reporting. Under its new chairman and CEO, General Electric is cutting its quarterly dividend to a penny a share next year, after paying out 12 cents over four successive quarters and 24 cents in the prior year.

During a news conference in Louisville, Gov. Matt Bevin joined elected officials and Kevin Nolan, president and chief executive officer of GE Appliances, a Haier company, to announce the appliance manufacturer will create 400 new jobs with a $200 million-plus investment in its laundry and dishwasher production facilities. GE Appliances has long been an exemplary corporate partner for Louisville and the commonwealth, Gov. Bevin said. This iconic company has employed many thousands of Kentuckians for generations, and we are grateful for their most recent investment in the Bluegrass State. As GE Appliances continues to adapt to a changing marketplace, we...

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 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 GE’s 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...

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...