Airon Corp Licenses Design Of Ventilators To GE Healthcare, A Subsidiary Of General Electric Company (NYSE:GE) For Bulk Production

Airon Corp has licensed its design of ventilators to GE Healthcare, a subsidiary of General Electric Company (NYSE:GE). In 100 days, GE healthcare will produce 50,000 ventilators in alliance with Ford Motor Company (NYSE:F). The requirement of ventilators surges significantly The need for ventilators has significantly increased worldwide because the coronavirus has infected 1.85 million […]

Jim Baumbick Of Ford Motor Company (NYSE:F) Partners With Airon Corp And General Electric Company (NYSE:GE) To Produce Compressed Oxygen Operated Ventilators

Jim Baumbick, Vice President (Enterprise Product Line Management) of Ford Motor Company (NYSE:F) said Airon Corp and General Electric Company (NYSE:GE) to manufacture 50,000 ventilators in their fight against the COVID-19 pandemic. The three companies are the first responders to help the patients at this difficult juncture. New Ventilators in just 100 days Jim while […]

General Electric (NYSE:GE) Freezes The Pension Of Its Workers

General Electric (NYSE:GE) says that about 20,000 of its employees won’t be receiving their pension benefits. The company says it will be necessary to freeze these pension benefits in a bid to cut down its debt pile. This move is also targeted towards improving the company’s balance sheet. A close look into the matter An […]

General Electric Company (NYSE:GE) Will Give $86 Million Of The Proceeds From Fort Point HQ sale To Massachusetts For Middle Income Housing Development

General Electric Company (NYSE:GE) managed to divest its Fort Point property which acted as its Boston headquarters for an impressive $252 million and $86 Million of the proceeds will go to the state of Massachusetts. The sale includes the land located at Fort Point, and also a permit that the GE planned to use to […]

Materialise NV (ADR)(NASDAQ:MTLS) Gets NSE Letter From Food and Drug Administration (BA, GE)

Materialise NV (ADR)(NASDAQ:MTLS), a well-known brand that provides 3D surgical planning solutions to healthcare professionals, announced that it received Non Substantially Equivalent (NSE) letter from FDA regarding 510(k) submission of its X-ray knee guide system. Reports claim that this system is likely to be used as a surgical instrument, providing assistance in the knee replacement […]

General Electric Company (NYSE:GE) To Comply With EU On Alstom Acquisition

General Electric Company (NYSE:GE) has one week to offer concessions with regards to EU regulatory concerns. The company has been given a one-week window to come up with a solution that will satisfy the EU Regulatory Commission with regards to the 12.4-billion-euro ($13.7 billion) acquisition of Alstom’s power unit. The situation arose after Alstom selected […]

General Electric Company (NYSE:GE) Receives Antitrust Concerns From EU Commission on Alstom Deal

General Electric Company (NYSE:GE) has received a series of antitrust concerns from the EU Commission with regards to its plans to acquire the Alstom energy business. GE’s intent to purchase Alstom’s energy business was confirmed in 2014 after Alstom’s board unanimously selected General Electric as the successful contender. The subject business is a power and […]

Japan’s SMBC Acquires General Electric Company (NYSE:GE) European Unit For for $2.2B

Japan’s Sumitomo Mitsui Banking Corp. has acquired the European private equity finance unit of General Electric Company (NYSE:GE). The Japanese firm acquired the unit for $2.2 billion. General Electric announced the sale on Tuesday thus marking the company’s latest efforts in backing out of the banking sector. The European private equity finance unit acted as […]

Leasing Business of General Electric Company (NYSE:GE) in Japan Draws Attention From Shinsei Bank Ltd.

With an objective to diversify its offerings from traditional banking, Shinsei Bank Ltd. is looking forward to investing in promising businesses. And General Electric Company (NYSE:GE)‘s leasing asset in Japan seems to be on top of its list. As per the reports, the announcement was made by Shinsei’s incoming CEO Hideyuki Kudo. He will take […]

General Electric Company (NYSE:GE) OPEN TO CHANGES IN THE PURCHASE OF ALSTOM India Ltd (NSE:AIL) As EU Pauses Review

General Electric Company (NYSE:GE) announced that it will consider a few negotiations in order to obtain consent in its mission to acquire a big proportion of ALSTOM India Ltd (NSE:AIL). The Chief Executive Officer of General Electric Steve Bolze spoke in a telephone interview where he said that his company is open to alternative solutions […]

General Electric Company (NYSE:GE) Seeks Engineers Who ‘Get Viscerally Ill’ At Inefficient Processes

General Electric Company (NYSE:GE) is on the search for new engineers who are oriented towards efficiency and changing technology fronts. Following the company’s embrace of cloud-based business and technology, more job opportunities have opened up. This is because the company no longer uses its old developer strategies. Therefore, GE is now in the need for […]

KKR And Blackstone Group LP (NYSE:BX) Join Hands For General Electric Company (NYSE:GE) Unit

As soon as General Electric Company (NYSE:GE) announced the sale of one of its lending units, a lot of firms had shown their interest in buying it. As per the reports, KKR and Blackstone Group LP (NYSE:BX) have decided to join hands together for this lending unit. KKR, Blackstone, Ares and Apollo are among five […]

Siemens AG (ADR) (OTCMKTS:SIEGY) To Drop 4,500 Jobs, Retain Unprofitable Units

German industrial group Siemens AG (ADR) (OTCMKTS:SIEGY) will slash a further 4,500 jobs as it struggles with low economic growth and weak demand from energy customers. The cuts follow 7,400 job losses already declared and were disclosed on Thursday with a 5% decline in first-quarter profit at its industrial businesses. The trains-to-turbines group presently has […]

General Electric Company (NYSE:GE), QUALCOMM, Inc. (NASDAQ:QCOM) And Apple Inc. (NASDAQ:AAPL) Come Together

General Electric Company (NYSE:GE) has joined hands with QUALCOMM, Inc. (NASDAQ:QCOM) and Apple Inc. (NASDAQ:AAPL) for extending its light bulb technology to smart devices. Qualcomm will aid GE in connecting with the smartphone users by providing customized coupons. GE spokesperson said that company would work with Qualcomm to devise a technology to provide commercial lighting […]

American International Group Inc (NYSE:AIG) Plans to Take Steps To Reduce Regulatory Oversight

American International Group Inc (NYSE:AIG) the insurance company that received $182 billion from the government as bailout is planning to reshape the company. The move comes as an effort by the company to escape the American government risk tag that brings greater regulatory oversight. Peter Hancock, the CEO of AIG said that the discussion of […]