Wednesday 22 October 2014
 
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General Electric

Mubadala H1 profit up 23pc on JV income

Mubadala, the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, posted a 23 per cent increase in profit for the first half of 2014, aided by higher income from its joint ventures. Mubadala,

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Emirates signs $13bn service contract with GE

Dubai-based carrier Emirates Airlines has signed a 12-year agreement with General Electric for the maintenance, repair and overhaul of its new GE9X engines.   The $13 billion order is for engines that will power

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GE boss to meet French minister over Alstom deal

General Electric boss Jeff Immelt is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the global power arm of struggling French engineer Alstom, sources close to the matter said.

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Boeing warns of engine icing risk on 747-8s, Dreamliners

Boeing has advised airlines about a risk of engine icing problems on its new 747-8 and 787 Dreamliner planes with engines made by General Electric, urging 15 carriers to avoid flying them near high-level thunderstorms. The warning

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GE upbeat over orders despite fall in income

General Electric Company (GE) has posted a record backlog of orders that the company said positioned it well for 2014, lifting shares and overshadowing a decline in quarterly profit and revenue.   Chairman and ch

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GE among ‘Top Companies to work for in UAE’

General Electric (GE) has been officially recognised as one of the 15 ‘Top Companies to Work for in the UAE’ by Great Place to Work Institute, a global research and management consultancy. The ranking is based on the c

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GE revenue hit by exchange rates

General Electric reported weaker-than-expected third-quarter revenue, hurt by unfavourable exchange rates, and investors shrugged off an 8.3 per cent profit increase and sent the company's shares down more than 2 per cent. GE,

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GE solves turbine blade corrosion issue

GE Oil & Gas has completed a fast-track refurbishment project to eliminate corrosion of compressor blades on 14 gas turbines at Atlantic LNG Company of Trinidad and Tobago. The project will prevent blade degradation and help to maintai

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GE, Microsoft to launch healthcare joint venture

General Electric, through its healthcare IT business, and Microsoft have announced plans to create a joint venture aimed at helping healthcare professionals use real-time, system-wide intelligence to improve healthcare quality. Upon format

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GE's earnings up 22 per cent on strong demand

General Electric Company (GE) notched a better-than-expected 21.6 per cent rise in earnings, helped by strong demand for jet engines as well as equipment used in oil and natural gas production. The largest US conglomerate yesterday said it

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