Tag Archives: General Electric

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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Blackstone Forms Repair Division

BHGE subsidiary continues to expand in 2018 It’s been a while since a Canadian company has graced this newsletter. It just so happens this one is a familiar name; one that’s been here before. Blackstone Industrial Services, the Alberta-based rotating equipment services company, has expanded its role in support of its customers and BHGE for […]

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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: 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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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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On The Rails

GE and Wabtec combine forces on transportation Wabtec Corporation has entered into a definitive agreement to combine with GE Transportation, a unit of General Electric. The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services, with operations in more than 50 countries. Under the agreement, which has been […]

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Storage Wars

Let the games begin in emerging branch of energy sector With a year of drama behind it, the Federal Energy Regulatory Commission made its most important concrete decision of 2018 last week with unanimous approval of an order that facilitates energy storage’s role in wholesale power markets. FERC’s final rule on the order, issued February […]

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