General Electric Related Content

GE, Baker Hughes Form 2nd Largest Player in Oilfield Services Sector

GE and Baker Hughes have entered into an agreement to combine GE’s oil and gas business and Baker Hughes to create the second largest player in the oilfield equipment and services industry. read more

Fitch Affirms GE, GE Capital at ‘AA-/F1+’ Following Baker Hughes Deal

Fitch Ratings affirmed the ‘AA-/F1+’ Long-and Short-Term Issuer Default Ratings for GE and GE Capital Global Holdings following the agreement to combine GE Oil & Gas with Baker Hughes. read more

S&P Cuts GE Ratings on Possible Acquisition-Related Debt

Bloomberg reported that due to concerns that GE may add debt in order fo fund future acquisitions, S&P Global Ratings cut the company’s credit rating. read more

Fitch Publishes GE & GE Capital’s ‘AA-/F1+’ Ratings; Outlook Stable

Fitch Ratings published ‘AA-/F1+’ Long-and Short-Term Issuer Default Ratings for GE and GE Capital Global Holdings. Fitch has also published debt ratings for GE and GE Capital, including those of certain GE Capital subsidiaries. read more

GE: $168B Financial Asset Sales Closed Through July

General Electric reported through July, $168 billion in financial asset sales were closed out of $183 billion that were signed. GE also noted its SIFI de-designation was effective June 28. read more

GE Sells Equipment Finance, A/R Businesses to French Bank

GE completed the sale of its equipment finance and receivable finance businesses in France and Germany, with an ending net investment of $6.8 billion, to a French bank. read more

GE Completes Sale of Appliances Business to Haier

GE completed the sale of GE Appliances to Qingdao Haier for $5.6 billion. read more

GE Completes Sale of Lending/Leasing Assets in AU & NZ to Bain Capital

GE completed its agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand to Bain Capital Credit. read more

GE Closes Sale of Franchise Finance U.S. Hotel Business

GE completed the sale of GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank. The sale includes $1.3 billion in ENI and the majority of the hotel business employees. read more

GE Finalizes HQ Move to Boston 

GE’s new headquarters will be located in the Seaport District of Boston along Necco Street. read more

GE Releases 2015 Annual Report

In his letter to shareowners, GE Chairman and CEO Jeff Immelt discussed the importance of leading what he believes will drive the “next great wave of productivity.” read more

State Street Nears Deal for GE’s Asset Management Business

Reuters reported State Street is nearing a deal to acquire GE’s $115 billion asset management business. read more

Cerberus Aims to Buy GE Money Bank in France

According to French newspaper Les Echos, Cerberus has entered into exclusive talks with GE to continue GE Money Bank, GE’s French banking unit. read more

GE Agrees to Sell Appliances Business for $5.4 Billion

GE has signed an agreement to sell its appliances business to Qingdao Haier for $5.4 billion. Haier will continue to use the GE Appliances brand. read more

Bloomberg: GE to Return $26B to Shareholders Following Industrial ‘Pivot’

Bloomberg reported that GE will return $26 billion through dividends and stock repurchases in 2016 to shareholders following the implementation of its plan to sell of financial assets and focus on the industrial side of the business. read more

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