Apollo Global Management LLC is talking to bankers about lining up debt to buy all or part of General Electric Co.’s jet-leasing business, which could be worth as much as $40 billion, according to people familiar with the matter, Bloomberg...
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January 07, 2019, 07:28 AM
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GE announced that it has signed and closed the sale of a 14.4% limited partner interest in Penske Truck Leasing Co., L.P., a full-service truck leasing, rental, and logistics business, to Penske Automotive Group, Inc. The sale represents ending net...
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July 29, 2016, 07:19 AM
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GE today announced that it will create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial...
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April 10, 2015, 07:07 AM
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GE announced it has signed a definitive agreement to sell its Appliances business to Electrolux for $3.3 billion. As part of the transaction, GE has entered into a long-term agreement with Electrolux to continue use of the GE Appliances brand. The...
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September 08, 2014, 07:04 AM
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GE Capital, Corporate Finance announced that the teams specializing in the purchase and sale of equipment loans and leases in the secondary market will now collectively report to Lou Vigliotti, senior managing director, Capital Markets. The...
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June 18, 2013, 07:00 AM
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Bloomberg Businessweek said that according to a Wall Street Journal report, General Electric is evaluating successors to Michael Neal, who may step down as chief executive officer and chairman of GE Capital as soon as this summer. The management...
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May 30, 2013, 07:15 AM
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GE announced today first-quarter 2013 operating earnings of $4.1 billion, up 14% from the first quarter of 2012. GAAP earnings from continuing operations were $3.6 billion, up 13%. Revenues were $35.0 billion for the quarter, flat with the year-ago...
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April 19, 2013, 07:06 AM
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Bloomberg reported that General Electric distanced itself from a report that it might consider spinning off GE Capital. As reported yesterday by Dow Jones, Chief Executive Officer Jeffrey Immelt told business leaders in Sydney that he’d “never say...
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March 21, 2013, 07:20 AM
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GE announced the sale of its remaining 49% common equity interest in its joint venture with Comcast, which includes NBCUniversal (NBCU), as well as the NBCU floors in 30 Rockefeller Center, for $18.1 billion. Under the terms of the transaction, GE...
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February 13, 2013, 07:15 AM
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GE announced today fourth-quarter 2012 operating earnings of $4.7 billion, up 13% from the fourth quarter of 2011. GAAP earnings from continuing operations were $4.3 billion, up 9%. Revenues were $39.3 billion for the quarter, up 4%, and $147.4...
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January 18, 2013, 07:31 AM
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GE announced today that the Board of Directors of GE Capital Corporation (GECC) has declared a quarterly dividend of $475 million payable to its parent GE in the second quarter 2012. 2012 dividend payments, which are subject to GECC Board approval...
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May 16, 2012, 07:45 AM
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Moody's Investors Service downgraded the senior unsecured debt rating of General Electric Company (GE) to Aa3 from Aa2 and the senior unsecured rating of its wholly-owned finance subsidiary, General Electric Capital Corporation (GECC), to A1 from Aa2...
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April 04, 2012, 07:45 AM
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Wind Turbine Manufacturing industry revenue has hit a headwind. Over the five years to 2012, the industry is expected to decline at an average of 0.2% annually to $6.3 billion. According to IBISWorld industry analyst Justin Molavi “a sharp drop in...
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March 05, 2012, 06:30 AM
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