Tag Archives: General Electric

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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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 Will Cut 12,000 Jobs

Cuts will come from GE Power; at least half will be in Europe General Electric will eliminate approximately 12,000 positions from its power division, GE Power, affecting both professional and production employees, the company announced today. The “headcount reductions,” as GE calls them, are a result of prior miscalculations of the sectors demand for coal […]

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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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Atlanta Supply Auction

USESCO (ATL) closing after 30 years, auctions supplies Atlanta-based electrical wholesaler U.S. Electrical Supply is closing its doors after more than 30 years and will be selling its remaining inventory in an auction, the date of which has been pushed back due to hurricane-related weather in the southeast. The original two-day auction was set for September […]

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MAC Exodus

Manufacturing Advisory Council disbanded, plants continue to close The Manufacturing Advisory Council was one of two such business advisory assemblies disbanded Wednesday afternoon following the departure of multiple CEOs over the previous two days. These departures included Inge Thulin, CEO of St. Paul, Minnesota-based 3M, and Rich Kyle of The Timken Company (headquartered in North Canton, […]

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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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