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Newest GE News Posts Here you will find the Latest Articles Published ONLINE about GE
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"GE warns of profit hit in first half from supply and labor issues"From Reuters--2/18/22General Electric Co warned on Fr...
18/02/2022

"GE warns of profit hit in first half from supply and labor issues"

From Reuters--2/18/22

General Electric Co warned on Friday that a supply chain logjam coupled with a labor crunch and inflation will pressure profits through the first half of the year.

https://www.reuters.com/business/autos-transportation/ge-warns-profit-hit-first-half-supply-labor-issues-2022-02-18/

General Electric Co warned on Friday that a supply chain logjam coupled with a labor crunch and inflation will pressure profits through the first half of the year.

General Electric (GE) to Restructure Steam Power Portfolio"From Zacks Equity Research-- February 14, 2022"General Electr...
15/02/2022

General Electric (GE) to Restructure Steam Power Portfolio"

From Zacks Equity Research-- February 14, 2022"

General Electric Company (GE Quick QuoteGE - Free Report) signed a memorandum of understanding (non-binding) to divest certain operations of its nuclear activities to France-based Électricité de France S.A. (or the EDF Group). The to-be-divested business is presently part of GE Steam Power. The financial terms of the transaction have been kept under wraps.

https://www.zacks.com/stock/news/1867190/general-electric-ge-to-restructure-steam-power-portfolio?cid=CS-CNN-HL-analyst_blog|company_news_-_corporate_actions-1867190

General Electric (GE) decides to reshape its steam power portfolio by divesting certain businesses to the EDF Group. It expects to record non-cash charges related to the deal.

"Workers Protest Boston-based General Electric's plan to split into Three Companies"2/14/22BOSTON —Employees of Boston-b...
15/02/2022

"Workers Protest Boston-based General Electric's plan to split into Three Companies"

2/14/22

BOSTON —
Employees of Boston-based General Electric are holding a Valentine's Day protest against the company's plan to split into three separate entities.

Workers say executives haven't explained how the breakup of the company will impact unionized employees. They're also pointing out the influence of a hedge fund and billionaire board members with ties to private equity.

https://www.wcvb.com/article/workers-protest-boston-based-general-electrics-plan-to-split-into-three-companies/39077177

Employees of Boston-based General Electric are holding a Valentine's Day protest against the company's plan to split into three separate entities.

GE’s Larry Culp learns to say “no”Reuters--1/25/2022Here’s lots General Electric boss Larry Culp can’t control. One thin...
01/02/2022

GE’s Larry Culp learns to say “no”

Reuters--1/25/2022

Here’s lots General Electric boss Larry Culp can’t control. One thing he can do is say “no.” The $106 billion industrial conglomerate, which makes wind turbines and engines for airplanes, is going to benefit when the economy fully returns – and when it can complete its planned breakup read more . Since neither is happening soon, GE’s word of the moment is “selectivity.”

Culp said on Tuesday that supply chain issues hurt its fourth quarter revenue, which fell 3% to around $20 billion. Its onshore wind business had some technical glitches, and orders fell 23% in the quarter compared to the previous year, as they did in its power business. Aviation, the biggest division, looked better. It’s the only bit where revenue increased, and maintenance visits from customers went up too.

https://www.reuters.com/breakingviews/ges-larry-culp-learns-say-no-2022-01-25/

There’s lots General Electric boss Larry Culp can’t control. One thing he can do is say “no.” The $106 billion industrial conglomerate, which makes wind turbines and engines for airplanes, is going to benefit when the economy fully returns – and when it can complete its planned breakup . S...

"Why GE's Results Aren't as Bad as the Market Thinks"The revenue miss is disappointing, but understandable in current co...
01/02/2022

"Why GE's Results Aren't as Bad as the Market Thinks"

The revenue miss is disappointing, but understandable in current conditions. However, management deserves the benefit of the doubt over its positive-looking guidance.

Motley Fool--1-28-2022

https://www.fool.com/investing/2022/01/28/why-ges-results-arent-as-bad-as-the-market-thinks/?source=eptcnnlnk0000002&utm_source=cnnmoney&utm_medium=feed&utm_campaign=article

The revenue miss is disappointing, but understandable in current conditions. However, management deserves the benefit of the doubt over its positive-looking guidance.

"General Electric’s shares fall as supply-chain woes hit fourth-quarter revenue"CNBC--PUBLISHED TUE, JAN 25 20226:59 AM ...
01/02/2022

"General Electric’s shares fall as supply-chain woes hit fourth-quarter revenue"

CNBC--PUBLISHED TUE, JAN 25 20226:59 AM ESTUPDATED TUE, JAN 25 202210:59 AM EST

https://www.cnbc.com/2022/01/25/general-electric-ge-q4-earnings-2022-forecast.html

General Electric on Tuesday forecast higher profit and free cash flow this year after reporting stronger-than-expected earnings in the quarter through December.

GE Outsourcing, Offshoring American Jobs Again--Lynn, MAFrom CWA/IUE—1/27/2022Despite receiving over $315 million in new...
29/01/2022

GE Outsourcing, Offshoring American Jobs Again--Lynn, MA

From CWA/IUE—1/27/2022

Despite receiving over $315 million in new taxpayer funds through the National Defense Authorization Act, General Electric has announced that it will be cutting jobs at its facility in Lynn, Mass. The jobs will be sent to South Korea, Canada, India, France, and China, as well as non-union facilities in the U.S.

“GE has ample space and resources in the U.S.-based facility in Lynn, Mass., to do this work efficiently, on-time, and on-budget, including a committed and highly skilled local workforce. It needs to focus on doing the work the right way in the place that makes the most sense – and that’s right here in the United States where taxpayers are already footing the bill,” said Adam Kaszynski, President of IUE-CWA Local 81201.

On Wednesday, Rep. Seth Moulton (D-Mass.) met with IUE-CWA members in Lynn to assess the situation. Moulton, a Marine Corps veteran who served in Iraq and now sits on the Armed Services Committee, has helped GE secure contracts to fund military manufacturing, including the Improved Turbine Engine Program and a contract for the creation of an additional 2,000 military helicopters.

GE recently announced plans to split into three companies, a move which is expected to cost $2 billion. IUE-CWA members have been raising the alarm about GE’s failure to invest in its U.S. workforce.

Workers in Lynn plan to protest the job cuts and continue outreach to gain support from elected officials.

"General Electric (GE) Partners Circle to Improve Health Outcome"Zacks Equity Research January 21, 2022General Electric ...
23/01/2022

"General Electric (GE) Partners Circle to Improve Health Outcome"

Zacks Equity Research January 21, 2022

General Electric Company’s business unit GE Healthcare recently entered into a 10-year collaboration deal with U.K.’s leading independent healthcare provider, Circle Health Group. The deal will involve both companies collaborating on improving health outcomes for patients across Circle Health’s network of hospitals in the U.K.

https://www.zacks.com/stock/news/1855435/general-electric-ge-partners-circle-to-improve-health-outcome?cid=CS-CNN-HL-analyst_blog|company_news_-_corporate_actions-1855435

General Electric's (GE) 10-year partnership deal with Circle Health will likely improve patient health outcomes across the latter's network of around 50 hospitals in the United Kingdom.

General Electric (GE) to Post Q4 Earnings: What to Expect?January 21, 2022--From Yahoo FinanceGeneral Electric Company G...
23/01/2022

General Electric (GE) to Post Q4 Earnings: What to Expect?

January 21, 2022--From Yahoo Finance

General Electric Company GE is scheduled to report fourth-quarter 2021 results on Jan 25, before the market open.

The company delivered better-than-expected earnings in three of the last four quarters and met estimates once. The average earnings surprise for the four quarters is 38.92%. In the last reported quarter, the company reported earnings of 57 cents per share, surpassing the Zacks Consensus Estimate of 41 cents by 39.02%.

In the past three months, shares of the company have lost 5.6% compared with the industry’s decline of 4.7%.

https://finance.yahoo.com/news/general-electric-ge-post-q4-160404222.html

General Electric (GE) Q4 results to reflect gains from solid product offerings, synergies from acquired assets and commercial wins. Supply-chain and inflation woes are likely to have ailed.

"GE's Balance Sheet Transformation Unlocks Big Upside"Jan. 20, 2022 General Electric Company (GE)Summary:Through a serie...
23/01/2022

"GE's Balance Sheet Transformation Unlocks Big Upside"

Jan. 20, 2022 General Electric Company (GE)

Summary:

Through a series of major divestitures, General Electric has dramatically reduced its debt load since 2018.

GE's pension deficit has also declined significantly over the past few years, mainly due to company contributions and strong asset returns.
https://seekingalpha.com/article/4480502-ge-stock-balance-sheet-transformation-big-upside

General Electric has dramatically reduced its debt load since 2018. See why I think GE stock is primed to deliver impressive gains over the next several years.

General Electric Names New CEO of GE Digital Ahead of Spin-OffPublished: Jan. 18, 2022 -- From MarketWatchGE Digital is ...
21/01/2022

General Electric Names New CEO of GE Digital Ahead of Spin-Off

Published: Jan. 18, 2022 -- From MarketWatch

GE Digital is a part of the industrial conglomerate that the company plans to combine with GE Renewable Energy and GE Power. The combined business units will be spun-off in early 2024, the company said in November.

https://www.marketwatch.com/story/general-electric-names-new-ceo-of-ge-digital-ahead-of-spin-off-271642516213?mod=mw_quote_news

By Will Feuer General Electric Co. on Tuesday named Scott Reese, a former Autodesk Inc. executive, as the next chief executive of GE Digital, replacing...

NEW (UPDATED) GE Website--The Plans Going ForwardGE TODAY--AVIATION, POWER, HEALTHCARE, RENEWABLE ENERGYThe Road Ahead: ...
15/01/2022

NEW (UPDATED) GE Website--The Plans Going Forward

GE TODAY--AVIATION, POWER, HEALTHCARE, RENEWABLE ENERGY

The Road Ahead: Culp Outlines GE Priorities For 2022
Tomas Kellner--January 10, 2022

GE announced in November that it will go forward as three separate companies. Today, GE Chairman and CEO Larry Culp published a note to employees that outlines the steps the company plans to take to get there. “For GE in 2022, our destination is clear,” he wrote. “We are on a path to become three stronger, more focused companies positioned to lead in the important high-growth sectors of aviation, healthcare and energy.”

https://www.ge.com/

Found This Very Interesting--Watch This Video--SHARE"100 Years of Storytelling at GE"https://www.youtube.com/watch?v=xz3...
15/01/2022

Found This Very Interesting--Watch This Video--SHARE

"100 Years of Storytelling at GE"
https://www.youtube.com/watch?v=xz3vo4ZB5xM

The GE News Bureau opened its doors 100 years ago, in October 1921, under the guidance of newspaperman Chester Lang. Lang’s idea of telling “genuine news sto...

GE's Energy Transition--  GE 2021: Meeting the Future Energy ChallengeEnd of 2021 Videohttps://www.youtube.com/watch?v=E...
15/01/2022

GE's Energy Transition-- GE 2021: Meeting the Future Energy Challenge

End of 2021 Video

https://www.youtube.com/watch?v=ErI_TE79eNU

In 2021, GE leaders across the company shared how we can rise to the future energy challenge, using our technologies to build a world that works.Subscribe to...

"Administration plan would help GE Aviation with more sustainable jet fuel, cabinet secretary says"By Chris Wetterich  –...
15/01/2022

"Administration plan would help GE Aviation with more sustainable jet fuel, cabinet secretary says"

By Chris Wetterich – Staff reporter and columnist, Cincinnati Business Courier

https://www.bizjournals.com/cincinnati/news/2021/12/09/biden-plan-would-help-ge-aviation-with-more-sustai.html

President Joe Biden’s Build Back Better plan would aid General Electric Aviation and the agriculture and aviation industries by providing a key tax credit to drive down the cost of sustainable aviation fuel, U.S. Agriculture Secretary Tom Vilsack said Thursday in a visit to the company’s Evendal...

"Where Will General Electric Stock Be In 10 Years?"Jan. 07, 2022 Summary:GE is currently trading slightly below the lowe...
12/01/2022

"Where Will General Electric Stock Be In 10 Years?"

Jan. 07, 2022

Summary:

GE is currently trading slightly below the lowest target price on the Street, and this suggests that its shares may have bottomed out.

But there is significant uncertainty over General Electric's long-term, 10-year outlook.

GE's split will be key in the first five years of the next decade; while the spotlight is on GE's growth as an aviation-focused company in the latter five years.

I rate General Electric as Hold, considering both its current stock price levels and its long-term prospects.

https://seekingalpha.com/article/4478489-general-electric-stock-10-years?messageid=2800&utm_campaign=4478489&utm_medium=email&utm_source=seeking_alpha&utm_term=RTA+Article+Smart

GE is trading slightly below the lowest target price on the Street, suggesting that its shares may have bottomed out. Find out where GE will be in 10 years.

Seniors/Retirees Are ALWAYS Concerned About Inflation--It always disrupts Our Buying Power, Our Budgets, Our Health Choi...
12/01/2022

Seniors/Retirees Are ALWAYS Concerned About Inflation--It always disrupts Our Buying Power, Our Budgets, Our Health Choices.

"Inflation Nation: Traders brace for CPI to hit another 40-year High!"

Jan. 12, 2022 By: Yoel Minkoff, SA News Editor

https://seekingalpha.com/news/3787393-inflation-nation-traders-brace-for-cpi-to-hit-another-40-year-high?lctg=60c1e511dba83e59149ab729&mailingid=26339367&messageid=wall_street_breakfast&serial=26339367.1039594&userid=49793403&utm_medium=email&utm_source=seeking_alpha

Another bad inflation report is on tap this morning, with consumer prices expected to have jumped 7% in December from a year ago

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