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General Electric Co (GE.N)

GE.N on New York Stock Exchange

16.26USD
19 Jan 2018
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$-0.51 (-3.04%)
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Latest Key Developments (Source: Significant Developments)

Cellular Biomedicine Announces Plan To Configure Part Of Shanghai Facility
Friday, 19 Jan 2018 

Jan 18 (Reuters) - Cellular Biomedicine Group Inc ::CELLULAR BIOMEDICINE GROUP INC - ANNOUNCED PLAN TO CONFIGURE PART OF ITS FACILITY IN SHANGHAI WITH GE HEALTHCARE'S FLEXFACTORY PLATFORM.CELLULAR BIOMEDICINE-AFTER EXECUTION OF NON-BINDING LOI, SEES FLEXFACTORY TO BE OPERATIONAL IN CBMG-GE JOINT LABORATORY OF CELL THERAPY BY END OF 2018.  Full Article

GE Transportation Signs Locomotive And Service Agreements Valued Over $900 Mln In Kazakhstan
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - General Electric Co ::GE TRANSPORTATION SIGNS LOCOMOTIVE AND SERVICE AGREEMENTS VALUED OVER $900 MILLION IN KAZAKHSTAN.GENERAL TRANSPORTATION - CONTRACT IS FOR 300 SHUNTER LOCOMOTIVES AND 18-YEAR 175 PASSENGER EVOLUTION SERVICE AGREEMENT.GE TRANSPORTATION SAYS SIGNED TWO CONTRACTS WITH KAZAKHSTAN'S STATE-RUN RAILROAD KAZAKHSTAN TEMIR ZHOLY.  Full Article

GE announces appointment of Peter Stracar as CEO of European region
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - General Electric Co ::GE SAYS APPOINTMENT OF PETER STRACAR AS PRESIDENT & CEO OF GE’S EUROPEAN REGION.GE SAYS PETER STRACAR SUCCEEDS MARK HUTCHINSON WHO ANNOUNCED HIS RETIREMENT FROM GE EFFECTIVE JAN 1.  Full Article

GE Enters 3 Unsecured Revolving Credit Facilities
Wednesday, 17 Jan 2018 

Jan 16 (Reuters) - General Electric Co ::GE- ENTERED THREE UNSECURED REVOLVING CREDIT FACILITIES WITH INITIAL PRINCIPAL COMMITMENT AMOUNTS OF UP TO $5 BILLION, $4 BILLION AND $4 BILLION EACH -SEC FILING.GE- EACH OF OPERATING LINES MATURES ON JANUARY 15, 2020.GENERAL ELECTRIC CO - AT THIS TIME, GE HAS MADE NO BORROWINGS UNDER THE OPERATING LINES.  Full Article

GE CEO Says Examining Options For Company's Businesses - Conf Call‍​
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - General Electric Co ::GE EXPECTS 2017 EPS TO BE AT THE LOW END OF ITS GUIDANCE - CONF CALL‍​.GE SAYS IMPACT FROM TAX REFORM IS ABOUT A $3.4 BILLION CHARGE TO BE RECORDED IN Q4 2017 - CONF CALL‍​.GE SAYS POWER BUSINESS CONTINUES TO BE CHALLENGING; INDUSTRIAL CFOA WILL EXCEED $7 BILLION 2017 GUIDANCE - CONF CALL‍​.GE CEO SAYS EXAMINING OPTIONS FOR THE COMPANY'S BUSINESSES INCLUDING "SEPARATELY TRADED ASSETS" IN ANY ONE OF ITS UNITS- CONF CALL‍​.GE CEO SAYS EXAMINING "MANY MANY DIFFERENT PERMUTATIONS" FOR ITS BUSINESSES - CONF CALL‍​.  Full Article

GE- Review For GE Capital’S Run-Off Insurance Portfolio, Nalh, Will Result In An After-Tax GAAP Charge Of $6.2 Bln For Q4 2017
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - General Electric Co ::GE- REVIEW FOR GE CAPITAL’S RUN-OFF INSURANCE PORTFOLIO, NALH, WILL RESULT IN AN AFTER-TAX GAAP CHARGE OF $6.2 BILLION FOR Q4 2017.GENERAL ELECTRIC CO - INSURANCE REVIEW TO HAVE NO IMPACT TO INDUSTRIAL BUSINESS AND 2018 CAPITAL ALLOCATION PLAN‍​.GE- GE CAPITAL EXPECTS TO MAKE STATUTORY RESERVE CONTRIBUTIONS OF ABOUT $15 BILLION OVER SEVEN YEARS.GENERAL ELECTRIC CO - GE CAPITAL TO FUND CONTRIBUTIONS AND SUSPEND DIVIDEND TO GE FOR "FORSEEABLE FUTURE".GE- NALH’S PRIMARY REGULATOR APPROVED A PHASED CONTRIBUTION OF ABOUT $3 BILLION IN 1Q’18 AND ABOUT $2 BILLION ANNUALLY FROM 2019 THROUGH 2024.GE - ONGOING ACTIONS OVER NEXT TWO YEARS "TO MAKE GE CAPITAL SMALLER, MORE FOCUSED AND RESTORE ITS CAPITAL RATIOS TO APPROPRIATE LEVELS".GE - GOODWILL AND OTHER NON-CASH IMPAIRMENTS OF $1.8 BILLION AFTER-TAX RELATED TO GE CAPITAL ACTIONS‍​.GE - EXPECTS $9.5 BILLION PRE-TAX, $6.2 BILLION AFTER-TAX GAAP CHARGE IN Q4; $7.5 BILLION AFTER-TAX IMPACT AT 21% TAX RATE (POST U.S. TAX REFORM).GE CEO SAYS "CHARGE OF THIS MAGNITUDE FROM A LEGACY INSURANCE PORTFOLIO IN RUN-OFF FOR MORE THAN A DECADE IS DEEPLY DISAPPOINTING".  Full Article

Last day of trading in Arcam will be Jan. 26 following GE deal
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Arcam Ab (Publ) ::THE BOARD OF ARCAM APPLIES FOR DE-LISTING AND GE INITIATES COMPULSORY REDEMPTION.ARCAM SAYS ‍LAST DAY OF TRADING IN ARCAM SHARE WILL BE FRIDAY, JANUARY 26​.  Full Article

GE - Harbin Electric Corp Awarded GE Power Order For 2 9F.05 Gas Turbines For State Power Investment Corporation's Langfang Power Plant
Monday, 8 Jan 2018 

Jan 8 (Reuters) - General Electric Co ::GE - HARBIN ELECTRIC CORPORATION AWARDED GE POWER ORDER FOR 2 9F.05 GAS TURBINES FOR STATE POWER INVESTMENT CORPORATION’S LANGFANG POWER PLANT.  Full Article

Willis Lease Finance Says Entered Agreement With GE For Purchase Of 5 Modern Technology GE Aircraft Engines ‍​
Saturday, 30 Dec 2017 

Dec 29 (Reuters) - Willis Lease Finance::WILLIS LEASE FINANCE - ON DEC 22, ENTERED DEFINITIVE AGREEMENT WITH GENERAL ELECTRIC FOR PURCHASE, DELIVERY OF 5 MODERN TECHNOLOGY GE AIRCRAFT ENGINES ‍​.WILLIS LEASE FINANCE - AGREEMENT WITH GE INCLUDES AN OPTION FOR CO TO BUY & HAVE DELIVERED 1 ADDITIONAL MODERN TECHNOLOGY GE AIRCRAFT ENGINES​.WILLIS LEASE FINANCE - ON DEC 22, ENTERED AGREEMENT WITH CFM INTERNATIONAL FOR PURCHASE & DELIVERY OF 8 MODERN TECHNOLOGY CFM AIRCRAFT ENGINES.WILLIS LEASE FINANCE SAYS VALUE OF GE DEAL INCLUDING OPTION IS $162.6 MILLION AT GE'S 2017 LIST PRICES​; ‍ALL PURCHASES, DELIVERIES BY JUNE 30, 2018.WILLIS LEASE FINANCE SAYS AGREEMENT WITH CFM INTERNATIONA INCLUDES OPTION FOR CO TO PURCHASE UP TO TWO ADDITIONAL ENGINES - SEC FILING.WILLIS LEASE FINANCE - VALUE OF CFM TRANSACTION, INCLUDING CO'S OPTION, IS $148.5 MILLION AT CFM'S 2017 LIST PRICES.  Full Article

Arcam Says GE To Hold Around 95 Pct Of Shares After Acquisitions
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Arcam ::GE <<>> INCREASES ITS SHAREHOLDING IN ARCAM TO MORE THAN 90 PER CENT​.SAYS ‍UPON COMPLETION OF ACQUISITIONS ON 29 DECEMBER 2017, GE WILL HOLD APPROXIMATELY 95 PER CENT OF SHARES IN ARCAM.For story after GE announced the deal earlier on Wednesday, click on nL4N1OR2MY​.  Full Article

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GE shares stumble to worst week since financial crisis

NEW YORK General Electric shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges earlier in the week.