General Electric expects healthy growth in China this year, despite mounting concerns about the economy, its CFO said.» Read More
WASHINGTON, April 7- Pratt& Whitney, the engine-making unit of United Technologies Corp, must redouble efforts to lower the cost of the single F135 engine it builds for the Lockheed Martin Corp F-35 fighter jet, a top U.S. military official said on Monday.
NEW YORK— Microsoft will end support for the persistently popular Windows XP on Tuesday, and the move could put everything from the operations of heavy industry to the identities of everyday people in danger.
NISKAYUNA, New York, April 7- Carbon dioxide, used for years to force crude oil out of old wells, likely will not replace water in fracking anytime soon because of technical challenges and limited infrastructure, says General Electric Co, which is studying the issue under a $10 billion research program.
Rear Admiral Randy Mahr, deputy director of the Pentagon's $392 billion F-35 program, said Pratt had slowed its cost-cutting after Congress in 2011 canceled an alternate engine being developed by General Electric Co..
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. AT&T Inc. rose. 5 percent to $35.72 with 17,267,100 shares traded. Advanced Micro Devices Inc. fell 3.4 percent to $3.87 with 15,166,900 shares traded.
General Electric Co. fell$. 18 or. 7 percent, to $25.84. Snap-On fell $1.96 or 1.8 percent, to $109.84. Whirlpool Corp. fell $3.78 or 2.5 percent, to $148.22.
WASHINGTON/ PARIS, April 4- Boeing Co, the world's biggest airplane maker, and engine maker General Electric Co said on Friday they had received licenses from the U.S. Treasury Department to export certain spare parts for commercial aircraft to Iran under a temporary sanctions relief deal that began in January.
WASHINGTON, April 4- General Electric Co on Friday said it had received permission from the U.S. government to overhaul 18 engines sold to Iran in the late 1970 s under a temporary sanctions relief deal reached in January. He said GE officials would meet with officials from Iran flag carrier Iranair and MTU in Istanbul next week to discuss Iran's needs.
Hedge funds and other Wall Street firms have used an unlikely counselor for the past year: a former top economist for President Obama.
HONG KONG, April 4- Aircraft leasing company GE Capital Aviation Services plans to raise about $700 million in an initial public offering in Hong Kong, IFR reported on Friday, citing sources familiar with the plans. GECAS has already filed a listing application with the Hong Kong stock exchange, IFR said. Citigroup was hired to manage the GECAS IPO.
"Companies are really digging in on identifying what areas it makes sense to focus their benefits programs," said Robert Newbury, director at pay consulting firm Towers Watson.
*Manufacturers in price war for standard LED light bulbs. FRANKFURT, April 3- Lighting companies like Philips and Osram are scrambling to develop more advanced technology as a price war for LED bulbs threatens to eat into profits and bring on a period of low growth as the long-life bulbs become more common.
Ben Kaufman, Quirky founder and CEO, and Garthen Leslie, "AROS" inventor, demonstrate how this reinvented air conditioner can predict household usage and save money.
*Weir seeks Metso deal, but key Metso shareholder against. Britain's IMI, Switzerland's Sulzer and Metso all have market values of between $5 billion and $7 billion, while Weir is just a bit bigger at $9 billion.
Some of the names on the move ahead of the open.
April 1- Wells Fargo& Co said on Tuesday that it agreed to issue and service credit cards for retailer Dillard's Inc, the latest move by the fourth-largest U.S. bank to boost its card business.
WASHINGTON, March 31- General Electric Co has lobbied more aggressively than any other corporation to preserve a tax loophole that lets multinationals shelter offshore financial profits from U.S. taxes, an activist group said on Monday.
LONDON/ STOCKHOLM, March 31- U.S. conglomerate General Electric Co is exploring the sale of its GE Money Bank unit in the Nordic region, which could fetch up to 2 billion euros, as it retreats from the finance sector, sources close to the matter told Reuters.
LONDON/ STOCKHOLM, March 31- U.S. conglomerate General Electric is exploring the sale of its GE Money Bank unit in the Nordic region, which could fetch up to 2 billion euros, as it retreats from the finance sector, sources close to the matter told Reuters.
John Rice, Vice Chairman at General Electric, says the firm is engaged in discussions with Japan on a range of technical options for the country's power generation sources.