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Press Release

GE to Move Production and Jobs for Turbines and Generators to Europe; Secures Financing from COFACE and Others

September 15, 2015
  • With no U.S. export financing available, GE has pursued non-U.S. options to meet customer requirements.
  • Total of 500 GE jobs moving outside the U.S.
  • French export credit agency, COFACE, has agreed to provide a line of credit for power deals that will result in the move of more than 400 jobs from U.S.
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Press Release

GE Oil & Gas Partners with Avanzia Group to Revitalize Fertilizer Production in Mexico for Pemex

September 15, 2015

·         GE will upgrade 40 year old equipment at the nitrogen-based Pemex’s fertilizer facility formerly known as Agro-Nitrogenados facility

·         Delivery time will be significantly reduced with upgrading rather than replacing of tequipment

·         Facility will produce 1 million tons of Urea per year, meeting 75% of Mexico’s domestic demand

 

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Press Release

Creation of GE Digital

September 14, 2015

Bill Ruh named Chief Digital Officer; Mark Begor retires from GE and is succeeded by Russell Stokes as CEO of Energy Management; and Jamie Miller named CEO of GE Transportation

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Press Release

GE Board of Directors Authorizes Regular Quarterly Dividend

September 11, 2015

FAIRFIELD, Conn.-September 11, 2015-The Board of Directors of GE (NYSE: GE) today declared a $0.23 per share dividend on the outstanding common stock of the Company payable October 26, 2015 to shareowners of record at the close of business on September 21, 2015. The ex-dividend date is September 17, 2015.

 

 

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Press Release

GE To Sell Transportation Finance Unit To Bmo Financial Group

September 10, 2015
  • Strong Execution on Divestiture Plan Continues; Announced Sales Reach $85 billion 

FAIRFIELD, Conn. - September 10, 2015 - GE [NYSE:GE] announced today that it has reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO).

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Press Release

GE To Explore Sale Of GE Asset Management To Another Leading Investment Management Firm

September 10, 2015
  • Aligns with GE’s plans to reduce the size of its financial businesses
  • Will integrate GEAM into a premier industry firm with scale and competitive advantage
  • Buyer to possess considerable experience managing retirement assets and strong fiduciary expertise
  • New asset manager will provide potential for expanded investment choices for GE benefit plans
  • Buyer to enhance GEAM’s strong existing distribution network
  • Buyer to assume responsibility for management of GEAM’s third-part
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Press Release

PEMEX and GE signed a Memorandum of Understanding to fuel the future of the Mexican Energy Sector

September 10, 2015

·The Memorandum establishes a framework for GE and PEMEX to encourage a mutually beneficial relationship to develop and finance projects across the Oil and Gas value chain, as well as exchange skills, experience and knowledge

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Miming living organisms processes for biorefineries

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Miming living organisms processes for biorefineries

Membranes play a key role in the human body, filtering out bacteria and viruses and also ensuring cells absorb essential nutrients. They are immensely efficient. For example, the total absorptive surface area of the small intestine membranes is roughly 250 square meters -- the size of a tennis court!

Press Release

GE Oil & Gas and Statoil Sign Global Subsea Exploration Wellhead Frame Agreement

September 10, 2015
  • GE will be providing wellhead equipment to Statoil with improved fatigue resistance for harsh offshore applications
  • Frame Agreement is for four years with option of two, two-year extensions
  • Recent Recommended Practice from DNV GL  encouraging product standardization used on this project

Aberdeen, UK - 10 September, 2015.  GE Oil & Gas (NYSE:GE) has been awarded a four-year framework agreement to provide wellhead equipment and associated services to Statoil with the option of two, two-year extensions.

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Press Release

GE Strategic Transformation Accelerating

September 08, 2015

EC and DoJ decisions pave the way to complete GE’s largest-ever industrial acquisition

Brussels, Belgium - September 8, 2015 - GE [NYSE:GE] was informed today that the European Commission (EC) has approved the proposed Alstom power and grid deal and that the Department of Justice has also filed a proposed consent decree that would permit the acquisition to close.  These clearances pave the way for GE to complete the transaction as early as possible in the fourth quarter.

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