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General Electric Co (GE.N)

GE.N on New York Stock Exchange

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Wed, Aug 1 2018

GE's Distributed Power unit sale backed with US$2.2bn of loans

LONDON (LPC) - General Electric’s Distributed Power business is set to launch a US$2.2bn-equivalent all-loan financing backing its buyout by Advent after the summer, banking sources said on Wednesday.

GE's Distributed Power unit sale backed with US$2.2bn of loans

LONDON, Aug 1 (LPC) - General Electric’s Distributed Power business is set to launch a US$2.2bn-equivalent all-loan financing backing its buyout by Advent after the summer, banking sources said on Wednesday.

GE wins $631 million U.S. defense contract -Pentagon

WASHINGTON, July 31 General Electric Co has been awarded a $631 million contract for repair, replacement and program support of engine components used on the F/A-18 E/F and EA 18G aircraft, the Pentagon said in a statement on Tuesday. (Reporting by Mohammad Zargham; Editing by Eric Beech)

GE hires bankers to mull sale of digital assets: WSJ

General Electric Co has hired an investment bank to organise an auction for its digital assets, the Wall Street Journal reported on Monday citing people familiar with the matter.

GE looking to sell its digital assets - WSJ

July 30 General Electric Co is looking to sell key parts of its digital business, the Wall Street Journal reported.

Exclusive: General Electric's power unit faces threat in Saudi Arabia

NEW YORK and ABU DHABI One of General Electric Co's largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation.

EXCLUSIVE-General Electric's power unit faces threat in Saudi Arabia

NEW YORK and ABU DHABI, July 19 One of General Electric Co's largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation.

CORRECTED-Investor group opposes General Electric plans for Kenyan power plant

NEW YORK, July 19 (Thomson Reuters Foundation) - A group of investors in U.S. conglomerate General Electric (GE) has publicly opposed its plans to buy a stake in a Kenyan coal-fired plant, claiming the project would damage the environment and undermine efforts to fight global warming.

UPDATE 3-Baker Hughes 2nd-qtr profit misses estimate; outlook upbeat

July 20 Baker Hughes, General Electric Co's oilfield services arm, on Friday reported a slight profit miss on weaker revenues in its oilfield equipment and turbomachinery businesses, but delivered an upbeat outlook for the second half of the year.

UPDATE 1-GE CEO says China tariffs' 'gross cost' could be $400 mln

NEW YORK, July 20 General Electric Co, a major buyer of Chinese goods, estimates new tariffs on its imports from China could raise its costs by $300 million to $400 million overall before steps to lessen the impact, Chief Executive John Flannery said on Friday.

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