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GE sells transportation unit for $11 bln

General Electric confirmed it was unloading the bulk of its transportation business which makes train engines to Wabtec, a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11 billion. Aleksandra Michalska reports......»»

Category: videoSource: reutersMay 21st, 2018

GE to merge transportation unit with Wabtec in $11.1 billion deal

(Reuters) - General Electric Co announced a $11.1 billion deal on Monday to merge its transportation business with U.S. rail equipment manufacturer Wabtec Corp , with GE and its shareholders owning just over half of the combined business......»»

Category: topSource: reutersMay 21st, 2018

GE to Merge Rail Division With Wabtec in $11 Billion Deal

General Electric agreed to merge its railroad business with Wabtec, in a deal valued at about $11 billion, letting GE raise some cash to fund its turnaround and shed one of its oldest operations......»»

Category: smallbizSource: wsjMay 21st, 2018

General Electric continues transformation; $11B rail deal

General Electric's train engine division will tie up with railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate......»»

Category: topSource: foxnewsMay 21st, 2018

GE to Receive $11 Billion for Its Transportation Business

General Electric has struck a deal with Wabtec to merge the conglomerate's transportation division into a new subsidiary of Wabtec in exchange for $2.9 billion in cash in a deal valued at more than........»»

Category: blogSource: 247wallstMay 21st, 2018

GE merges its locomotive business with Pennsylvania company in $11B deal

General Electric Co. (NYSE: GE) agreed to merge its transportation business, which includes its locomotives manufacturing operations, with Wabtec Corp. (NYSE: WAB) in a $11.1 billion deal, the companies announced Monday morning. One of GE's major .....»»

Category: topSource: bizjournalsMay 21st, 2018

GE is merging its transportation business with Wabtec in an $11.1 billion deal (GE, WAB)

Wikimedia Commons General Electric's transportation business will merge with Wabtec in an $11.1 billion deal. GE shareholders will own 50.1% of the combined company. (Reuters) - General Electric Co confirmed on Monda.....»»

Category: topSource: businessinsiderMay 21st, 2018

GE"s transportation unit to merge with Wabtec in a deal valued at $11.1 billion

Shares of General Electric Co. surged 2.0% in premarket trade Monday, after the industrial conglomerate agreed to merge its GE Transportation unit with rail opera.....»»

Category: topSource: marketwatchMay 21st, 2018

GE nears $20 billion deal to sell transportation unit to Wabtec: report

General Electric Co. is close to a deal to sell its transporta.....»»

Category: topSource: marketwatchMay 20th, 2018

Retirement Shock: Need to Find a Job After 40 Years at General Electric

GE’s unraveling has wiped out roughly $140 billion in stock-market wealth in the past year, not just for big Wall Street firms but among former employees who, like many small investors, long believed the company invincible......»»

Category: smallbizSource: wsjApr 22nd, 2018

General Electric 1Q performance beats analysts" expectations

General Electric Co. Friday reported a first-quarter loss of $1.15 billion, after reporting a profit in the same period a year earlier......»»

Category: topSource: foxnewsApr 20th, 2018

GE: 1Q Earnings Snapshot

General Electric Co. Friday reported a first-quarter loss of $1.15 billion, after reporting a profit in the same period a year earlier......»»

Category: topSource: foxnewsApr 20th, 2018

Earnings Scheduled For April 20, 2018

Companies Reporting Before The Bell General Electric Company (NYSE: GE) is projected to report quarterly earnings at $0.12 per share on revenue of $27.39 billion. read more.....»»

Category: blogSource: benzingaApr 20th, 2018

General Electric Q1 sales $28.66 billion vs. $26.88 billion year ago

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchApr 20th, 2018

GE takes $4.2 billion charge, restates earnings

NEW YORK (Reuters) - General Electric Co said on Fri.....»»

Category: topSource: reutersApr 13th, 2018

General Electric Exits the Dow as Year’s Worst Performing Stock

General Electric is being dropped from its spot on the Dow Jones industrial average index and it leaves with the dubious distinction of being the worst performing Dow stock for the year to date......»»

Category: blogSource: 247wallst8 hr. 40 min. ago

Tesla to close a dozen solar facilities in nine states

Electric car maker Tesla's move last week to cut nine percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to Reuters sources. Roselle Chen reports......»»

Category: videoSource: reutersJun 22nd, 2018

News From This Week"s Trending Stocks: AMZN, SBUX, CRON, GE, & More

Ryan McQueeney and Maddy Johnson take on this week's biggest stories, including General Electric's (GE) departure from the Dow, Canada's marijuana legalization vote, the new tax policies affecting Amazon (AMZN), and many more! (2:35) - Dis.....»»

Category: personnelSource: nytJun 22nd, 2018

General Electric (GE) Secures Order for 50 New Locomotives

InvestorPlace - Stock Market News, Stock Advice & Trading Tips General E.....»»

Category: topSource: investorplaceJun 22nd, 2018

Why GE might need to stop paying its dividend after 119 years

General Electric has paid a dividend for 119 consecutive years, including during the Great Depression and the 2008 financial meltdown. Goldman Sachs thinks that streak needs to come to an end......»»

Category: topSource: moneycentralJun 22nd, 2018