Thyssenkrupp shortlists buyout firms for elevator unit, Kone out
FRANKFURT/DUESSELDORF, Germany (Reuters) – Germany’s Thyssenkrupp (TKAG.DE) has shortlisted two private equity consortia in the sale of its 16 billion…
Boeing suspends load test for new 777X aircraft
FILE PHOTO: Several Boeing 777X aircraft are seen in various stages of production during a media tour of the Boeing…
After explosions, Brazil power transmission companies remove GE equipment
SAO PAULO (Reuters) – After an unusual number of explosions, several Brazilian power transmission companies have started removing a piece…
General Electric to scrap California power plant 20 years early
NEW YORK (Reuters) – General Electric Co said on Friday it plans to demolish a large power plant it owns…
Exclusive: Exxon’s $53 billion Iraq deal hit by contract snags, Iran tensions – sources
BASRA, Iraq/BAGHDAD (Reuters) – Just weeks ago, U.S. energy giant ExxonMobil looked poised to move ahead with a $53 billion…
CFM erases jet engine output delay, cautious on rate increases
FILE PHOTO: Gael Meheust, President and CEO of CFM poses in front of LEAP-1A engine of an Airbus A321neo, during…
GE poised for significant power orders in Iraq after U.S. push -sources
NEW YORK/BAGHDAD/WASHINGTON (Reuters) – General Electric Co potentially stands to win a large share of multibillion-dollar contracts to rebuild Iraq’s…
CFM wins blockbuster jet engine order from IndiGo: sources
FILE PHOTO: A logo of IndiGo Airlines is pictured on passenger aircraft on the tarmac in Colomiers near Toulouse, France,…
GE’s rising bonds offer another endorsement of CEO Culp
NEW YORK (Reuters) – General Electric Co shareholders offered their latest endorsement of new Chief Executive Larry Culp this week…
Industrials’ gains put to test as earnings ramp up
NEW YORK (Reuters) – Investors betting on industrial stocks this year have been rewarded, with the group among the best-performing…
Boeing prepares for MAX 737 jets sitting outside factory as deliveries halted
SEATTLE (Reuters) – Boeing Co confirmed suspension of deliveries of 737 MAX aircraft on Thursday but continues to produce its…
EU suspends Boeing 737 MAX flights, U.S. senators suggest similar move
ADDIS ABABA/PARIS (Reuters) – The European Union’s aviation safety regulator on Tuesday suspended all flights in the bloc by Boeing…
GE explores stake sale in Enel renewables joint venture: sources
(Reuters) – General Electric Co is exploring a sale of its 50 percent stake in a renewable energy joint venture…
GE’s CEO warns of negative industrial cash flow in 2019, shares drop
(Reuters) – General Electric Co’s chief executive surprised investors on Tuesday by forecasting a net cash outflow from its industrial…
Will $14.5 billion plug GE’s long-term care insurance hole? Some experts say ‘No’
NEW YORK (Reuters) – General Electric Co is setting aside one of the largest amounts ever to cover potential losses…
Airbus A380 under threat as Emirates weighs rejigged order: sources
PARIS/DUBAI (Reuters) – Dubai’s Emirates is exploring switching some orders for the world’s largest jetliner, the Airbus A380, to the…
General Electric stock buyers preach patience, eye progress
NEW YORK (Reuters) – Investors who have scooped up decimated shares of General Electric Co are willing to wait years…
U.S. oil edges up after tumbling to lowest since June 2017 on economy fears
SEOUL (Reuters) – Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous…
France to press General Electric on job pledges: minister
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday he would press General Electric’s new chief executive…
Exclusive: General Electric’s power unit faces threat in Saudi Arabia
NEW YORK and ABU DHABI (Reuters) – One of General Electric Co’s (GE.N) largest and most valuable customers, Saudi Arabia,…
Thyssenkrupp in leadership turmoil as chairman quits
DUESSELDORF/FRANKFURT (Reuters) – The chairman of Germany’s Thyssenkrupp (TKAG.DE) has resigned, following the company’s chief executive under pressure from activist…
Boeing’s engine proposal deadline looms for new mid-market jet: report
SEATTLE (Reuters) – Three of the largest engine makers face a Wednesday deadline to provide Boeing Co (BA.N) with formal…
Emirates sees oil, dollar ‘double whammy’, but demand strong
SYDNEY (Reuters) – The president of Emirates airline said the rare combination of higher oil and a stronger dollar, which…
GE merges transportation unit with Wabtec in $11.1 billion deal
(Reuters) – General Electric Co (GE.N) confirmed on Monday it was unloading the bulk of its transportation business which makes…
Exclusive: GE nears deal to merge transportation unit with Wabtec – sources
(Reuters) – General Electric Co (GE.N) is nearing a deal to merge its transportation business, which manufactures train engines, with…
Printing body parts in hospital shows 3D tech’s growing reach
NEW YORK (Reuters) – Three-dimensional printers are letting doctors in Minnesota make simulated body parts in a hospital and a…