General Electric ousts CEO in surprise move, warns on 2018 earnings

2018-10-01 20:37

H. Lawrence Culp has assumed the helm of General Electric in a surprise move meant to stem a two-year decline that has humbled the once-mighty conglomerate and roiled investors.

General Electric on scouting expedition in Zim

2018-02-13 22:00

General Electric South Africa representatives are currently in Zimbabwe to explore investment opportunities, following the country's declaration that it is open for business.

BREAKING: Court halts R4bn Eskom tender

2017-06-30 13:50

General Electric and Murray & Roberts have been granted an interdict to stop a controversial R4bn Eskom tender to replace a boiler at Duvha power station in Mpumalanga.

GE seeks removal of 'too big to fail' label

2016-03-31 15:48

General Electric has requested that US regulators drop its designation as a systemically important financial institution in light of significant divestitures over the last year.

GE launches energy efficiency subsidiary

2015-10-07 20:30

General Electric has reshuffled several energy management and research operations into a new subsidiary called "Current" aimed at new energy technologies.

GE books R31.6bn African orders from oil to trains

2015-07-26 12:00

General Electric booked R31.6bn of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment and locomotives.

Quartz to in Africa: Journalists needed in SA, Nigeria and Kenya

2015-03-19 10:43

Quartz Africa’s funding partner is General Electric and it will have region-specific content and targeted native ads – it is also looking for freelance and full-time journalists in SA, Nigeria and Kenya.

Transnet, China seal deals

2014-12-05 07:43

President Jacob Zuma and his Chinese counterpart have signed an agreement regarding the manufacture of locomotives and the establishment of a training centre.

GE third quarter profits rise 10.8%

2014-10-17 15:15

General Electric has reported higher earnings for the third quarter, with especially strong profit gains coming in its aviation and oil and gas divisions.

Transnet secures R6bn funding guarantee

2014-08-07 08:33

Transnet has secured a R6bn funding guarantee from a United States export credit agency for the locomotives it is buying from General Electric.


Auditors KPMG, under fire in SA, now face US shareholder protests

2018-04-24 17:34

KPMG, which has been under fire in SA for its audits of Gupta-owned firms and its role in the so-called rogue unit report, is facing possible shareholder protests in the US, according to the Financial Times.

Eskom told to restart R4bn Duvha tender

2017-06-30 15:28

The Johannesburg high court has interdicted Eskom from continuing with a controversial R4bn tender to replace the damaged boiler of power station Duvha.

Alstom, GE accused of decade-old bribes

2016-06-08 09:47

One of the highest-ranking ex-executives at Petrobras has told investigators that Alstom SA and General Electric paid bribes to win contracts more than a decade ago.

GE seeking to export locomotives from SA to continent

2015-10-14 07:34

General Electric sees the potential to supply more locomotives built in SA to customers in the rest of Africa, as governments seek to expand and upgrade railways.

US regulators give GE green light for Alstom buyout

2015-09-10 20:30

US antitrust regulators have approved General Electric's purchase of Alstom's energy assets after it agreed to divest some of the French company's key gas turbine assets.

EU halts review of Alstom deal - GE

2015-05-13 14:03

European competition officials have suspended their review of General Electric's proposed $14.1bn acquisition of the energy business of French rival Alstom.

Alstom pleads guilty of global bribery

2014-12-22 20:30

The French firm Alstom SA has pleaded guilty and will pay $772m in criminal penalties to settle charges with the US justice department.

France approves takeover of Alstom energy assets

2014-11-05 15:45

The French government has authorised the sale of most of Alstom's energy assets to US group General Electric.

Electrolux takes on Whirlpool with $3.3bn buy

2014-09-08 12:15

Sweden's Electrolux says it will buy General Electric's appliances business to double sales in North America and take on rival Whirlpool in its biggest ever deal.

GE to invest $2bn in Africa

2014-08-04 21:00

General Electric has announced $2bn in new investments in Africa as Washington kicked off the US-Africa Summit, aimed at boosting commercial relations.

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