General Electric (GE) Announces Completion of $1.3B U.S. Restaurant Finance Assets Sale
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General Electric (GE) Names New Company Officers
September 19, 2016 9:02 AM EDTGE (NYSE: GE) announced today the appointment of four new Company officers.
Ramesh Singaram has been promoted to Vice President, Commercial for GEs Power Services business. Ramesh joined GE in 1994 and has been promoted through a series of sales jobs at GE Power over his 22 years at the company. Ramesh earned a bachelors degree in mechanical engineering from University of Teknologi in Malaysia.
Wouter Van Wersch has been promoted to a company officer in his current role as President & CEO, GE ASEAN. Wouter joined GE in 2015 after the... More
GE brings off-the-shelf biotech drug factories to Ireland
September 19, 2016 7:10 AM EDTBy Ben Hirschler
LONDON (Reuters) - General Electric (NYSE: GE) is digging deeper into biotechnology with plans to build four prefabricated drug factories in Ireland, bringing to Europe a low-cost manufacturing concept it first pioneered in China.
The U.S. conglomerate, better known for making jet engines and turbines, said on Monday it would invest 150 million euros ($167 mln) in a biopharmaceutical campus in county Cork. The new factories on the site will be owned and run by GE customers.
The GE BioPark Cork site is expected to create 500 jobs... More
UPDATE: AHAM August Shipments Down 0.2% - Bloomberg (WHR)
September 16, 2016 1:06 PM EDT(Updated - September 16, 2016 1:09 PM EDT)
August shipments of major home appliances fell 0.2% year-over-year to 5.66 million units, according to Bloomberg, citing AHAM. Shipments of washers, dryers, dishwashers, refrigerators, freezers, ranges, and ovens declined 3.5% to 3.6 million units.
Whirlpool (NYSE: WHR) shares ticked lower following the headline.
