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General Electric Co

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  • NEW YORK— The U.S. government is seeking to stop Electrolux from buying General Electric's appliance division, saying the combined company would dominate sales of kitchen appliances to customers like home builders, property managers, hotels, and governments. General Electric Co. says it will defend the sale in court and aims to complete the $3.3 billion deal...

  • WASHINGTON, July 1- The United States filed a lawsuit on Wednesday to stop Sweden's Electrolux AB, which owns the Frigidaire and Tappan brands, from buying General Electric Co's appliance business, the Justice Department said in a statement. "Electrolux's proposed acquisition of General Electric's appliance business would leave millions of Americans...

  • WASHINGTON, July 1- The United States filed a lawsuit on Wednesday aimed at stopping Electrolux AB from buying General Electric Co's appliance business, the Justice Department said in a statement.

  • July 1- U.S. Justice Department antitrust lawyers have opposed Electrolux AB's plan to buy General Electric Co's household appliance business, a source familiar with the investigation told Reuters. The deal would double Electrolux's U.S. sales, putting it on a par with larger rival Whirlpool Corp. "Electrolux and GE continue to work actively with the...

  • The aircraft ordered by China are current-generation A330s, which are available with a choice of engines from three manufacturers: General Electric, United Technologies' Pratt& Whitney unit and Britain's Rolls-Royce. Rolls-Royce is currently the market leader with its Trent 700 engine, but the Chinese order presents one of the largest available...

  • Rolls-Royce is currently the market leader with its Trent 700 engine, but the Chinese order presents one of the largest available opportunities for rivals, notably GE, to jump in before Airbus switches to an exclusively Rolls-powered version of the A330, with a new engine, from late 2017.. Shares in Airbus rose as much as 5 percent on the aircraft order, which eased...

  • HARTFORD, Conn.— Union workers at General Electric Co. have ratified contracts that increase compensation by $15,500 over four years, hold the line on health care contributions next year, provide pension improvements and make other changes. The agreements at the Fairfield, Connecticut- based company call for three cash payments totaling $8,000, four...

  • WASHINGTON, June 30- U.S. exporters large and small scrambled on Tuesday to urge foreign customers not to abandon deals supported by the U.S. Export-Import Bank, which will be forced to halt new business at midnight as its charter expires. Companies affected range from giants including aircraft maker Boeing Co and General Electric Co to small exporters of...

  • WASHINGTON, June 30- President Barack Obama said on Tuesday that the U.S. Congress "is taking a step backward" by failing to renew the charter for the Export-Import Bank and instead letting it lapse at midnight. "He said the White House would be working hard to get this corrected," said Don Nelson, president of Pro-Gauge Technologies Inc., a Bakersfield, California,...

  • WASHINGTON, June 30- The U.S. Export-Import Bank will stop new loans and insurance activities at midnight on Tuesday, the White House said in a statement, a lapse it said could hurt exports and jobs and benefit rivals such as China. "When Ex-Im lapses, China and other foreign rivals will pick up the slack, putting American businesses and American workers at a...

  • June 30- The head of General Electric Co's finance unit said on Tuesday he expects the pace of GE Capital asset sales to accelerate in the third quarter as part of the U.S. conglomerate's move to become a more focused industrial manufacturer. "It took us a while to get these businesses and the data and the transactions in the marketplace," GE Capital Chief Executive...

  • June 30- Wall Street was set to open higher on Tuesday, a day after the Dow and the S&P 500 registered their worst session since October, as investors hoped Greece would strike a last-minute deal to avoid an exit from the euro zone. Greece is hours away from defaulting on a 1.6 billion euro repayment to the International Monetary Fund. U.S. corporations have limited...

  • TOKYO, June 30- General Electric Co said it would sell its European private equity financing business to a unit of Japan's Sumitomo Mitsui Banking Corp for about $2.2 billion as the U.S. conglomerate sheds financial assets amid a restructuring. This makes the deal attractive to the core banking unit of Japan's third largest bank, Sumitomo Mitsui Financial...

  • TOKYO, June 30- General Electric Co is close to selling its European private equity financing unit to Japan's Sumitomo Mitsui Banking Corp for more than $2 billion, a person with direct knowledge of the matter said, as the U.S. industrial conglomerate sheds its financial assets amid a restructuring. This makes the deal attractive to the core banking unit of...

  • June 29- Japan's Sumitomo Mitsui Banking Corp is nearing a deal to buy General Electric Co's European private-equity finance unit, a source with direct knowledge of the matter told Reuters. The deal was first reported by the Wall Street Journal, which said it could be announced as soon as Tuesday. A Sumitomo Mitsui spokesman said nothing specific has been...

  • MBIA and AMAG are big market movers Monday, 29 Jun 2015 | 4:27 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. MBIA Inc., down $1.95 to $6.37. National Bank of Greece, down 31 cents to 97 cents.

  • Entrepreneurs await fate of Ex-Im Bank Monday, 29 Jun 2015 | 12:02 PM ET

    The government-backed Export-Import Bank, which helps small businesses overseas, may not be able to do new business soon.

  • TORONTO, June 29- General Electric on Monday said it agreed to sell its fleet management arm in the United States, Mexico, Australia and New Zealand to Canada's Element Financial for $6.9 billion, moving it a step further in its plan to shed financial assets. The sale is part of a plan unveiled in April to divest about $200 billion in GE Capital assets as it moves away...

  • Element to buy GE Capital's fleet ops for C$8.6B Monday, 29 Jun 2015 | 9:29 AM ET
    General Electric GE

    Canada's Element Financial said it will buy General Electric's fleet management operations.

  • Early movers: NBG, JPM, M, GCI, TWTR & more Monday, 29 Jun 2015 | 7:52 AM ET
    Traders work on the floor of the New York Stock Exchange (NYSE) on June 8, 2015 in New York City.

    Some of the names on the move ahead of the open.