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GE

GE’s Third-Quarter Results Highlight Pace of Change, Focus on Industrial Core

October 16, 2015
GE’s third-quarter results, released today, put in focus the rapid change taking place at the company as it races to sell most of its financial businesses and embrace its industrial core and software.
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finance

GE Will Sell its Commercial Lending and Leasing Units to Wells Fargo in the Largest Deal to Date

Kathryn Stanek
October 13, 2015
GE’s journey to exit the banking sector and transform itself into the world’s largest digital industrial company crossed a major milestone today when the company announced it signed an agreement to sell financial assets valued at $30 billion to Wells Fargo & Co.
This is the largest deal yet since last April, when GE said it would sell the majority of GE Capital’s holdings.
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GE

GE: A Simpler, More Valuable Digital Industrial Company

October 05, 2015
Today, Trian Partners announced a $2.5 billion investment in GE. Read Jeff Immelt’s statement on the investment.
The investment underscores GE’s focus on improving margins and returns, reducing costs and the size of corporate, returning capital to shareholders and realigning its portfolio.

Here’s a snapshot of GE’s strategy, portfolio actions, and how the company is performing.

 Strategy - The GE Store
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capital

GE Capital Nears $100 Billion in Asset Sales As GE Transforms

October 05, 2015
GE Capital has signed nearly $95 billion in deals to reduce its size as of the end of the third quarter, the company reported on Wednesday. The news comes less than six months after Jeff Immelt told investors that GE would become a more focused digital industrial company and sell most of its banking operations.
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Aerospace

Touching Down on “This Cursed Rock”: First Plane Lands in Napoleon’s Last Exile

September 21, 2015
 
The island of Saint Helena is one of the world’s most remote places. Surrounded by the deep, cold waters of the South Atlantic, the British territory is famous for serving as the final exile of the French emperor Napoleon Bonaparte and the place where he drew his last breath. There are 4,250 people living on the volcanic outcrop, which Napoleon dubbed “this cursed rock.” Their only link to the world has been a five-day ride on packet ship that arrives once every three weeks.
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GE Capital

Behind GE’s Capital Exit: Hard Work in a Yield-Starved World

July 17, 2015
GE is on target to divest banking assets valued at $100 billion this year, as it focuses on growing its industrial businesses, the company said today during its quarterly earnings announcement.
GE also said that the financial assets the company will retain, like its aircraft financing and leasing arm, GE Capital Aviation Services, boosted second quarter profits by 19 percent compared to the previous year, illustrating the value they bring to GE’s industrial core.
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GE Aviation

GE Capital Ends Second Quarter with $68 Billion in Announced Deals, Focuses on Industrial Core

June 30, 2015
GE engineers test an indoor lightning generator for the 1939 - 1940 New York World’s Fair. Image courtesy of the New York Public Library archives and brought to life by Kevin Weir / flux machine.
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GE Aviation

Napoleon Missed His Shot at Frequent Flier Miles, But St. Helena, His Faraway Island Exile, is Finally Getting an Airport

June 11, 2015
The only way to reach Saint Helena, a rugged volcanic island in the middle of the South Atlantic slightly larger than Manhattan, is by catching a five-day ride on the Royal Mail Ship St. Helena. The vessel visits the British territory about once every three weeks from Cape Town, but that timetable is about to change.
That’s because St. Helena, a place so remote that European powers permanently exiled Napoleon Bonaparte there in 1815, is finally getting an airport.
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GE Capital

GE Sells Another Banking Unit to Sharpen Focus on Industrial Businesses

June 08, 2015
GE said today it would sell its U.S. Sponsor Finance business for approximately $12 billion to Canada Pension Plan Investment Board. The deal marks another big milestone on GE’s path to sell most of its banking businesses and return to industrials, a strategic shift the company announced in April.
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GE Capital

Industrial Evolution: GE Details 2014 Results

January 22, 2015

GE announced its 2014 results this morning, capping a year in which the company launched the biggest acquisition bid in its history for Alstom, took public its consumer lending business, Synchrony, and announced the sale of its Appliances business to Electrolux.

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