General Electric was blocked by a federal judge in Boston from making or selling its massive Haliade-X offshore wind turbines in the US, dealing a fresh blow to the conglomerate’s struggling renewable energy division.
There is a risk that offshore wind developers in “less favourable” markets could face a supply squeeze as global deployment accelerates.
Jack Welch, the champion of corporate efficiency who built General Electric Co. into one of the world’s largest companies and influenced generations of business leaders, has died. He was 84.
General Electric (GE) hired Carolina Dybeck Happe as its next chief financial officer, giving top boss Larry Culp a new partner to help tackle one of the trickiest turnaround efforts in corporate America.
Baker Hughes has officially dropped GE from its name.
International oilfield service giant Baker Hughes, a GE company (BHGE), is at the heart of “bigger than Enron” fraud claims levelled against the parent.
General Electric Co. agreed to sell a majority stake in a solar-energy business to BlackRock Inc., giving the investment giant footing in a growing market as the ailing manufacturer shifts its focus elsewhere.
A wind turbine belonging to General Electric (GE) has collapsed in the US, according to wind farm operator Enel Green Power.
General Electric Co. erasing $200 billion in market value would have seemed fantastical just a few years ago, but it has become reality amid accounting issues, weak demand, heavy debt and turmoil at the top.
Multinational energy conglomerate General Electric (GE) has removed chief executive John Flannery as the firm's financial woes worsen.
General Electric Co. agreed to sell its industrial gas-engine business to Advent International for $3.25 billion, bolstering Chief Executive Officer John Flannery’s plan to shed assets and reshape the beleaguered manufacturer.
A huge part of an offshore wind turbine has arrived at the Port of Blyth for testing in the UK.
Restructuring within energy firm GE, which is to put UK 1,100 jobs in peril, should not be done ‘too far’ or ‘too fast’, Unite the Union has warned.
GE is proposing to cut 1,100 jobs from its UK power business under an organisational restructure, the firm announced.
The UK’s export credit body will support £90million in financing for two power plants in southern Iraq.
General Electric Co., Merck KGaA, Sigma-Aldrich Corp. and Canon Inc. are the latest companies to risk hefty penalties as the European Commission clamps down on violations of its merger approval procedures.
Baker Hughes, the newly merged oil field services company, begins trading in New York today. And analysts see growth for the firm on the horizon — though perhaps not as much as Baker Hughes sees.
Today, Baker Hughes GE (BHGE) will emerge as the new kid on the block on the New York Stock Exchange (NYSE), signalling the formal merger of Baker Hughes and GE Oil and Gas. This new company packs a real punch with around 70,000 employees in over 120 countries and annual revenues of US$23 billion in 2016.
Jeff Immelt, the embattled CEO of General Electric Co., is doing the right thing by moving on. It's now up to his successor to finish what he started.
General Electric (GE) has appointed a new chief executive to replace Jeff Immelt, who will retire at the end of the year.
General Electric (GE) has opened a digital technology centre in India that will create 1,000 jobs.
General Electric (GE) yesterday announced a deal to combine its oil and gas business with Baker Hughes, creating an oilfield technology firm with combined revenues of $32billion.
General Electric (GE) is nearing a deal valued at about $30billion to combine its oil and gas business with Baker Hughes Inc., the Wall Street Journal reported.
General Electric has said it plans to invest $10billion in Argentina over the next decade.
General Electric Oil and Gas said today it is in consultation with workers in Peterhead after revealing plans to close its site in the town later this year.