Latest General Electric Co News

Stocks retreat in Asia as China inflation pushes higher

Nov. 09, 2021 23:18 PM EST

Asian shares fell Wednesday, tracking Wall Street’s retreat, with Chinese benchmarks leading the decline after the government reported a surge in inflation in October. China's consumer price index, a main measure of inflation, rose 1.5% in October, up from 0.7% the...

GE to end its run as a conglomerate, split into 3 companies

Nov. 09, 2021 16:52 PM EST

General Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will divide itself into three public companies focused on aviation, health care and energy. The company’s announcement Tuesday is...

PayPal, TripAdvisor fall; General Electric, Zynga rise

Nov. 09, 2021 16:28 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: PayPal Holdings Inc., down $24 to $205.42. The technology platform and digital payments company cut its profit and revenue forecasts. Zynga...

Jury convicts Chinese national in aviation espionage case

Nov. 05, 2021 17:42 PM EDT

CINCINNATI (AP) — A jury on Friday convicted a Chinese national of trying to steal trade secrets from multiple U.S. aviation and aerospace companies, including the theft of proprietary airplane engine fan technology. The government alleged that beginning in December...

GE Appliances announces $450 million investment in Kentucky

Oct. 28, 2021 15:59 PM EDT

LOUISVILLE, Ky. (AP) — GE Appliances announced plans Thursday to add more than 1,000 jobs at its sprawling Kentucky operations as part of a $450 million investment to boost capacity and launch new products. The Kentucky-based home appliances business signaled that it's...

Industry shows interest in NJ wind, solar energy projects

Oct. 28, 2021 14:45 PM EDT

ATLANTIC CITY, N.J. (AP) — Private companies are showing interest in becoming part of New Jersey's burgeoning clean energy industry, with wind and solar-powered projects becoming more attractive to their firms. The state showed progress on both fronts Thursday,...

Federal trial underway in aviation espionage case

Oct. 20, 2021 10:37 AM EDT

CINCINNATI (AP) — The trial of a Chinese national charged with trying to steal trade secrets from multiple U.S. aviation and aerospace companies is underway in federal court in Cincinnati. The government alleges that beginning in December 2013, Yanjun Xu recruited...

GM, GE look to develop rare earth materials supply chain

Oct. 06, 2021 10:16 AM EDT

General Motors and General Electric are looking at developing a supply chain of rare earth materials that help make electric vehicles and renewable energy equipment. The companies said Wednesday that the memorandum of understanding between the automaker and GE Renewable...

US will give aircraft companies $482 million for pandemic

Sep. 13, 2021 07:41 AM EDT

The Biden administration is making $482 million available to aviation industry manufacturers to help them avert job or pay cuts in the pandemic. The taxpayer-funded relief will cover up to half of the payroll costs at 313 companies, according to the Transportation...