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Press Release

GE Agrees to Sell Appliances Business to Electrolux for $3.3B

September 08, 2014
  • Furthers GE’s strategic focus on infrastructure and technology, and reshaping of portfolio
  • Deal valued at 8.0x EBITDA (last 12 months), gain of $0.05-$0.07 per share at closing
  • Electrolux will continue use of the GE Appliances brand
  • Global reach, quality, innovation make Electrolux the right partner for growth of GE Appliances

FAIRFIELD, Conn - September 8, 2014 - GE [NYSE: GE] announced today it has signed a definitive agreement to sell its Appliances business to Electrolux for $3.3 billion.


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Press Release

GE Board Of Directors Authorizes Regular Quarterly Dividend

September 05, 2014

FAIRFIELD, Conn. -- September 5, 2014 -- The Board of Directors of GE [NYSE: GE] today declared a $0.22 per share dividend on the outstanding common stock of the Company payable on October 27, 2014, with a record date of September 22, 2014 and an ex-dividend date of September 18, 2014.


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Why it Pays for Businesses to Boost Sustainability

Submitted by admin on

Why it Pays for Businesses to Boost Sustainability

In recent weeks, Samsung suspended its operations with a key supplier in China because of allegations of child labor in its production facilities. Major oil companies faced environmental challenges in the fields where they operate, from the Amazon to West Africa, and internet providers continued to respond to intense public pressures to enhance privacy protections for their users in the aftermath of the Snowden/NSA disclosures.

Press Release

Motorsports Market Is Healthy and Growing, Says GE Capital

September 04, 2014

CHICAGO, IL -- The motorsports industry, which includes motorcycles, all-terrain vehicles (ATV), utility-terrain vehicles (UTVs), snowmobiles, and personal watercraft, is healthy and growing, according to performance data from GE Capital, Commercial Distribution Finance (CDF), a leading provider of financing to motorsports dealers. Dealer financing volume is up almost 13% through June, reflecting healthy, more confident dealers, and steady improvement in the overall economy.


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Press Release

FirstBuild Joins AllSeen Alliance, Pioneers Appliance Innovation Manufacturer first to enable appliance hacking with the Green Bean

September 04, 2014

Louisville, Ky.---September 4, 2014---FirstBuild, a new model for the appliance industry, today announces that it has joined the AllSeen Alliance, a nonprofit consortium dedicated to enabling the widespread adoption of products, systems and services that support the Internet of Things (IoT) through open development. Other members of the Alliance include notable brands such as Local Motors, HTC and Cisco.


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