Tag Archives: GE

GE Gives Estimations

Staff cuts, divestment, and more: CEO Flannery announces GE’s new game plan General Electric delivered its expected overhaul Monday, a full makeover for a company with an illustrious history despite wave upon wave of recent tumult. New CEO John Flannery, who was named to the position August 1 in succession of Jeff Immelt and who […]

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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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GE Shake-Up

Immelt out; Flannery in, power and energy units combined General Electric announced Monday that John Flannery, current President and CEO of GE Healthcare, has been named CEO of the company by the GE Board of Directors. The move will be effective August 1, 2017. Jeff Immelt, current Chairman and CEO, will remain Chairman of the […]

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“Coop” Retires

Rotating equipment expert Michael Cooper retires Esteemed engineer and rotating equipment specialist Michael Cooper, most recently a market manager at The Gund Company, retired Thursday. Mr. Cooper has been working with rotating equipment since his days in the U.S. Navy’s Nuclear Submarine engine rooms in 1977. “We are both delighted and disheartened,” Mike Moran, VP of […]

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GE in 3-D

Multi-industrial company purchases additive groups The emerging technology of 3-D printing continues to permeate more traditional manufacturing industries. The latest example of this happened September 6, when GE announced it would acquire two suppliers of metal-based 3-D printing manufacturing equipment for $1.4 billion. Those two companies are Arcam AB, based in Sweden, and SLM Solutions Group […]

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Directly Connected

Don’t Call it a comeback… DC has been here for years, but it’s currently approaching a revival. The variety of electrical current is often viewed as secondary to the longtime dominance of AC (alternating current) in most mainstream applications. But it’s been here, under the radar. Besides being a useful source of wordplay for some journalists’ […]

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STEP Ahead Awards

130 female honorees announced by Manufacturing Institute In manufacturing news, The Manufacturing Institute has announced the 2016 STEP Ahead Award Honorees and Emerging Leaders for women in the manufacturing industry. STEP stands for Science, Technology, Engineering, and Production. Women account for 47 percent of the national workforce, but only 27 percent of the manufacturing quota. Honorees “have […]

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GE’s Grudging Exodus

Power giant blames Congress’ Ex-Im Bank decision In a widely publicized move, General Electric plans to relocate 500 of its incoming jobs to overseas locations, instead of the four U.S. sites they were initially slated for. The four casualties of the decision: Houston, TX; Greenville, SC; Schenectady, NY; and Bangor, ME. The presumable foreign benefactors: […]

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GE teams up with The Tonight Show Starring Jimmy Fallon

General Electric and The Tonight Show Starring Jimmy Fallon have teamed up for a segment called “GE Fallonventions” where young inventors showcase their innovations. Some of the inventions the young inventors have created are Power Paws–a device that charges a battery–and Steth IO, a digital stethoscope that clips onto a smart phone. At the end […]

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GE and XD Electric form global transmission partnership

General Electric and XD Electric Group, one of China’s largest manufacturers of electricity transmission and distribution equipment, announced the formation of a new global partnership. The union combines GE’s grid automation capabilities with XD Electric’s portfolio of high-voltage power equipment. GE now owns 15% of XD Electric and holds one seat of the board. Another […]

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