GE/Wabtec Drama

GE sells BioPharma life sciences unit; merges transpo with Wabtec General Electric is showing resilience yet again. The iconic company made serious noise with the assets sale of BioPharma, its life sciences unit, to Danaher for $21.4 billion on Monday, and then inked a merger of its transportation sector with Wabtec on Tuesday. Equally moving […]

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ICC Allies With Cortela

Easier access to GE motor parts for Australia, SE Asia Tennessee’s finest is heading “Outback”. ICC International and Cortela Carbon just announced a new alliance that will give Australia and Southeast Asia vastly improved access to commutators and General Electric motors and parts in the industrial space. As the OEM supplier of commutators to GE […]

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Generally Energy

GE unloads $1B energy assets portfolio to Apollo The changes continue at General Electric, and there appears to be no end in sight. It seems like we alternate every other week reporting something major from the once-revered, now-questionable industrial giant. This week’s portion: energy assets. One billion dollars worth of which were unloaded as GE […]

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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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GE Whiz

Ongoing changes at General Electric may make one’s head spin Like a jet engine emblazoned with the company’s logo being installed on a 747 aircraft, the ideology, approach, and structure of General Electric Co. remain in a constant spinning motion. Don’t be alarmed if it’s making your head do the same. GE has been in […]

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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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Holding Down The Fort

Former GE plant site being converted into innovation hub Fort Wayne, Indiana—like other Rust Belt cities during the past decade-plus— appears to be undergoing a renaissance of sorts. In April 2017, EA reported on a major expansion to the existing Alconex magnet wire plant located there. The decision was noteworthy not only because a crucial manufacturing […]

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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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