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GE: Flannery Out; Culp In

30-year GE man lasts merely one year in precarious top spot Welp, that was quick. John Flannery lasted merely one year at the helm of General Electric Co., replaced yesterday by H. Lawrence Culp, Jr., as the embattled company’s CEO. Culp is a GE board member and the former chief of the Danaher Corporation, a […]

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Stay At The USMCA

Congressional approval still awaits as President touts ‘historic’ deal Updating a previous item, the United States, Mexico, and Canada inked a three-way agreement on North American trade on Monday. Colloquially being referred to as “the New NAFTA” by news outlets around the world, the agreement will officially be called the United States-Mexico-Canada Agreement (USMCA). First, […]

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ISM Report

A manufacturing record punctuates sector’s hot streak The Institute of Supply Management, headquartered in Tempe, Arizona, released its latest report on American economic activity, and it contains a manufacturing record that punctuates the sector’s recent hot streak. According to the latest Manufacturing ISM Report on Business, economic activity in the manufacturing sector expanded in August, […]

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Drones & EVs

Are the most robust markets for electric motor applications, says report Due to miniaturization in engine technologies, passing regulations for drone usage from the FAA (Federal Aviation Association) and the emergence of battery-powered plug-ins for automobiles, the global market for electric motors is advancing, according to a new report from BCC Research released Wednesday. Drones […]

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GE: Trust The Process

Despite headlines, it’s not all bad for General Electric You might have seen that General Electric just laid off over 200 workers from its GE Power branch in Schenectady, NY. Perhaps you noticed July 30, when GE Digital, a promising standalone cousin created in 2015, announced it would be selling off its assets. Possibly you’ve […]

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Drone Zone

The drone market is growing faster and larger than expected The drone market is growing faster and larger than expected. A new report from Navigant Research expects it to reach at least $13 billion by 2026. The report examines the use of drones and robotics for electric transmission and distribution (DRTD) operations, with global market […]

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Dow and Out

GE dropped from Dow Jones Industrial Average after over 100 years General Electric was removed from the Dow Jones Industrial Average June 15. It was replaced by the parent company of the Walgreens chain of pharmacies. General Electric was off and on the average repeatedly in its early years, but had been a fixture since […]

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Century Mark

Fraba Group turns 100, celebrates growth with earnings The Fraba Group, pioneers of electric control systems and encoders, turns 100 this year. The Holland-based company with U.S. headquarters in Hamilton, N.J., gets to celebrate with strong recent financial growth. In 2017, turnover increased by 21 percent over the previous year, with total sales revenues of […]

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Recharge, Rethink

ABB news of both varieties: power grids, EV stations When you have 136,000 employees across 100 countries, I guess you grow to expect the good and the bad. Weathering the unexpected—and filtering negative outcomes—are probably woven into the company mantra. Heck, it’s sometimes even calculated to release one as a counterweight to the other. So […]

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Power Move

ABB buys GE’s industrial solutions unit for $2.6 billion Swiss power firm ABB said it will buy General Electric’s industrial solutions unit for $2.6 billion, the companies announced Monday. For ABB, the acquisition targets a number one spot in the electrification market, where it currently competes with Schneider in utilities equipment services and power grid […]

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