GE said it has completed more than $100 billion in previously announced portfolio and business unit sales as part of its strategy to significantly reduce the size of GE Capital and apply for de-designation as a SIFI. read more

DEC 10, 2015 - 7:26 am

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Electrolux said in accordance with the terms of the transaction agreement, it will pay the termination fee of $175 million to General Electric. read more

DEC 10, 2015 - 7:08 am

General Electric said it has terminated its agreement to sell its appliances business to Electrolux. GE noted it is entitled to a break-up fee of $175 million from Electrolux. read more

DEC 7, 2015 - 7:27 am

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GE appointed four new company officers, effective December 1, including the selection of Jim Waterbury as vice president, M&A counsel for GE and general counsel for GE Capital. read more

NOV 13, 2015 - 7:18 am

GE announced a final exchange ratio of 1.0505 in connection with its previously announced offer to exchange GE common stock for common stock of Synchrony Financial presently owned by GE. read more

NOV 13, 2015 - 6:42 am

According to Bloomberg, GE and Alstom secured contracts worth $5.6 billion to build trains for India’s state-owned railway. read more

NOV 12, 2015 - 6:40 am

Reuters reported that three buyout funds are vying to buy General Electric’s banking unit in France which has approximately $6.6 billion worth of assets. read more

NOV 9, 2015 - 7:22 am

Bloomberg reported that General Electric will close the $9.3 billion acquisition of Alstom’s energy operations next week, setting November 2 as the target date. read more

OCT 30, 2015 - 7:45 am

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GE Oil & Gas has agreed to acquire Advantec, a provider of subsea intervention equipment and services. The two companies are targeting to complete the transaction by year-end 2015. read more

OCT 30, 2015 - 7:22 am

According to the Stamford Advocate, GE confirmed the $17 million sale of building in Stamford, CT that housed GE’s treasury department. read more

OCT 30, 2015 - 7:00 am

GE commenced an offer to exchange GE common stock for common stock of Synchrony Financial presently owned by GE. This exchange offer is in connection with the previously announced separation of Synchrony from GE. read more

OCT 19, 2015 - 7:06 am

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GE noted in its recent Q3/15 earnings report that it signed $126 billion of dispositions, ahead of plan and on track for goal of closing about $100 billion by year-end. read more

OCT 16, 2015 - 7:54 am

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GE said Synchrony Financial has received approval from the Fed to become a standalone savings and loan holding company and to retain control of Synchrony Bank, following completion of GE’s proposed exchange offer. read more

OCT 16, 2015 - 7:28 am

GE announced Current, a new energy startup that will integrate GE’s LED, Solar, Energy Storage and Electric Vehicle businesses with its industrial strength Predix platform to provide efficient energy solution. read more

OCT 8, 2015 - 6:58 am

Trian Fund Management disclosed that it has become a top ten shareholder of GE with a beneficial ownership of 98.5 million GE shares currently valued at approximately $2.5 billion. read more

OCT 6, 2015 - 6:51 am