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General Electric Co (GE.N)

GE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

GE Says Retained Earnings As Of Jan 1 2016 Decreased By $4.24 Bln Due To Adoption Of New Revenue Standard
Saturday, 14 Apr 2018 

April 13 (Reuters) - General Electric Co ::GENERAL ELECTRIC CO - AS RESULT OF ADOPTION OF NEW REVENUE STANDARD, PREVIOUSLY REPORTED RETAINED EARNINGS AS OF JAN. 1, 2016 DECREASED BY $4,243 MLN.GE - FOR LONG-TERM SERVICE AGREEMENTS, TO CONTINUE TO RECOGNIZE REV USING PCT OF COMPLETION BASED ON COSTS INCURRED RELATIVE TO TOTAL ESTIMATED COSTS.GE - AFTER ADOPTION OF NEW REVENUE STANDARD, PREVIOUSLY-REPORTED REVENUE, EARNINGS (LOSS) FROM CONT OPS DECREASED BY $2,224 MLN & $2,668 MLN FOR YEAR ENDED DEC. 31, 2017.GE - AFTER ADOPTION OF NEW REVENUE STANDARD, PREVIOUSLY-REPORTED REVENUES, EARNINGS (LOSS) FROM CONT OPS DECREASED BY $220 MLN & $1,182 MLN FOR YEAR ENDED DEC. 31, 2016.GE - AFTER ADOPTION OF NEW REVENUE STANDARD, PREVIOUSLY-REPORTED REVENUES, EARNINGS (LOSS) FROM CONT OPS DECREASED BY $220 MLN & $1,182 MLN FOR YEAR ENDED DEC. 31, 2016.GE - AS RESULT OF U.S. TAX REFORM, RECORDED $1,110 MLN ADDITIONAL DEFERRED INCOME TAX TO REFLECT RESTATED INCOME & DEFERRED TAX POSITIONS AT LOWER RATE IN EFFECT IN Q4 2017.GE - UPON COMPLETION OF IMPLEMENTATION EFFORT, 2016 AND 2017 SHR IS LOWER BY $0.13 AND $0.17, RESPECTIVELY (BEFORE IMPACT OF U.S. TAX REFORM).  Full Article

GE Signs Supply Agreement For Jenbacher Gas Engines In Russia
Thursday, 12 Apr 2018 

April 12 (Reuters) - General Electric Co ::GE SIGNED A LARGE SUPPLY AGREEMENT FOR JENBACHER GAS ENGINES IN RUSSIA.GE SAYS AGREEMENT WITH GREENTECH ENERGY COMPANY IS FOR 21 JENBACHER GAS ENGINES WITH A TOTAL CAPACITY OF 26 MW TO BE DELIVERED BY YEAR-END 2018.  Full Article

GE Says To Issue Restatement Of 2017, 2016 Earnings By April 13 Reflecting New Accounting Standards
Thursday, 5 Apr 2018 

April 4 (Reuters) - General Electric Co ::GE SAYS TO ISSUE RESTATEMENT OF 2017, 2016 EARNINGS BY APRIL 13 REFLECTING NEW ACCOUNTING STANDARDS.  Full Article

GE And Edison Group Sign Agreement To Optimize Power Plant Fleet Infrastructure At Candela Power Plant
Wednesday, 4 Apr 2018 

April 4 (Reuters) - Electricite de France SA ::GE AND EDISON/EDF GROUP SIGN AGREEMENT TO OPTIMIZE POWER PLANT FLEET INFRASTRUCTURE AT ITALY’S CANDELA POWER PLANT.  Full Article

Veritas Capital To Acquire Revenue Cycle, Ambulatory Care, Workforce Management Software Unit From GE Healthcare
Monday, 2 Apr 2018 

April 2 (Reuters) - Veritas Capital::CYCLE, AMBULATORY CARE AND WORKFORCE MANAGEMENT SOFTWARE UNIT FROM GE HEALTHCARE FOR $1 BILLION.DEAL FOR $1.05 BILLION IN CASH.  Full Article

GE Power & Fieldcore Successfully Restart Metahara Sugar Factory In Ethiopia
Monday, 26 Mar 2018 

March 26 (Reuters) - GE Power::GE POWER - CO & FIELDCORE SUCCESSFULLY RESTARTED METAHARA SUGAR FACTORY IN ETHIOPIA, 7 MONTHS AFTER SEVERE DAMAGE TO PLANT BY A THUNDERSTORM.  Full Article

GE Appoints Duncan Berry As CEO Of LM Wind Power
Wednesday, 14 Mar 2018 

March 14 (Reuters) - GE Renewable Energy Business::GE APPOINTS DUNCAN BERRY AS CHIEF EXECUTIVE OFFICER OF LM WIND POWER.GE RENEWABLE ENERGY BUSINESS - BERRY WILL SUCCEED MARC DE JONG WHO WILL LEAVE CO AT THE END OF APRIL 2018.  Full Article

GE Renewable Energy, Fina Enerji To Work On Potential 8 Wind Projects In Turkey
Monday, 12 Mar 2018 

March 12 (Reuters) - General Electric Co ::GE RENEWABLE ENERGY - CO, FINA ENERJI SIGNED AGREEMENT TO WORK ON POTENTIAL 8 WIND PROJECTS IN TURKEY PROVIDING UP TO 410 MW OF POWER BY DEC 31, 2020.GE RENEWABLE ENERGY - THE POTENTIAL 8 WIND FARMS TO BE SET UP IN TURKEY WITH FINA ENERJI ARE INTENDED TO START COMMERCIAL OPERATIONS IN 2019 /2020.  Full Article

Deutsche Bank says GE at risk from rising steel, aluminum prices‍​
Wednesday, 7 Mar 2018 

March 7 (Reuters) - General Electric Co ::DEUTSCHE BANK BELIEVES CO TO BE AMONG THE MOST AT FUNDAMENTAL RISK FROM RAPIDLY RISING STEEL AND ALUMINUM PRICES‍​.DEUTSCHE BANK SAYS NEAR TERM, GE CUSTOMERS WOULD LIKELY BALK IF THE COMPANY WERE TO ATTEMPT TO RE-PRICE ITS BACKLOG HIGHER.DEUTSCHE BANK SAYS RISING METAL INPUT COSTS REDUCES THE ATTRACTIVENESS OF GE’S RAIL BUSINESS TO A POTENTIAL BUYER.  Full Article

GE Healthcare And Navicent Health Enter Relationship To Reduce Costs In Central Georgia
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - GE Healthcare::GE HEALTHCARE SAYS CO, NAVICENT HEALTH ENTER RELATIONSHIP TO REDUCE COSTS IN CENTRAL GEORGIA AND TARGET $150 MILLION IN SAVINGS OVER SIX YEARS.  Full Article

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GE profit tops estimates as cost-cutting kicks in

General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher.