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GE

General Electric Company

6/18/2013, 1:11 AM ET

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Monday, June 17, 6:23 AM Paris Air Show: GE Capital Aviation Services, GE's (GE) aircraft leasing arm, has confirmed that it has committed to purchasing 10 Boeing (BA) 787-10X aircraft in a deal valued at$2.9B at list prices, pending the launch of this larger version of the Dreamliner. SkyMark Airlines plans to buy at least four Boeing 737 MAX aircraft, making the carrier the first from Japan to commit to the latest variant of the 737. 6 Comments
Monday, June 17, 4:33 AM Paris Air Show: GE Capital Aviation Services, GE's (GE) aircraft leasing arm, is reportedly likely to order 10 Boeing 787-10 jets when the planemaker launches the latest version of its Dreamliner tomorrow. Meanwhile, TUI Travel (TUIVY.PK) has confirmed a booking to acquire 60 737 Max jets, with the deal worth $6.1B at list prices. Comment!
Friday, June 14, 12:54 PM General Electric Company (GE) declares $0.19/share quarterly dividend, in line with previous. Forward yield 3.22%. For shareholders of record June 24. Payable July 25. Ex-div date June 20. (PR) 21 Comments [Dividends]
Thursday, June 13, 9:45 AM GE's (GE -0.3%) aviation unit expects to increase the production of commercial aircraft engines, alone and with its partners, to 3,800 in 2014 from a projected 3,600 this year and 3,300 in in 2012. About 13% of production in 2014 will be for new products vs 9% in 2013 and 2% in 2010. GE's engine partners include United Tech (UTX) unit Pratt & Whitney. Comment!
Thursday, June 13, 5:07 AM GE (GE) has offered concessions to try to persuade the EU to approve the conglomerate's $4.3B acquisition of Italian plane components maker Avio. The EU has extended the deadline for its decision until July 2 from June 18. Avio makes parts for the GE engine used on the Boeing 787, although the the Italian firm also counts GE rival Rolls Royce as a customer. Comment! [M&A]
Wednesday, June 12, 8:49 AM GE (GE +0.4%) shuffles the pack and names CFO Keith Sherin as Chairman and CEO of GE Capital to replace Mike Neal, who is retiring. GE Capital CFO Jeff Bornstein will replace Sherin as CFO of the parent company. Sherin has been on GE Capital's board for 14 years, and so should be fairly well acquainted with the unit. (PR) 1 Comment
Tuesday, June 11, 8:08 AM GE Healthcare (GE) plans to invest $2B over the next five years on developing software for healthcare systems and applications. The focus will be on improving hospital operations management and clinical effectiveness, optimizing care across entire populations, and lowering costs. The investment is part of GE's "Industrial Internet" strategy of using analytics to improve performance. (PR) 2 Comments [Healthcare, Tech]
Saturday, June 8, 8:25 AM Jeff Immelt believes China is serious about cleaning up its environment, and the GE CEO says he will "double down" his clean energy investments there. But Immelt worries that western CEOs who throw around terms like "green" and "sustainability" are hurting their own cause: "When a Chinese CEO hears the word sustainability, he thinks they're being lectured to by the U.S. on how to do things in an uneconomical way." 9 Comments [Energy, Global & FX]
Friday, June 7, 6:23 PM Chart Industries (GTLS) is "close to a pure play on the natural gas boom," and it boasts the added allure of being talked as a potential takeover target for GE, which is bulking up its oil and gas equipment division. Shares are relatively expensive after doubling over two years, but Bedlam Asset's John Compton says investors shouldn't underestimate GTLS' earnings potential during the next three years. 1 Comment [Energy, Quick Ideas]
Friday, June 7, 3:05 PM General Electric's (GE +1.4%) CFO Keith Sherin will become CEO of GE Capital this summer, replacing Michael Neal, WSJ says. 8 Comments
Tuesday, June 4, 2:05 AM As expected, the Financial Stability Oversight Council has proposed to designate AIG (AIG) Prudential Financial (PRU) and GE Capital (GE) as systemically important. Prudential says it is evaluating whether to appeal the determination, although AIG won't. The Fed has yet to finalize its requirements for systemically important non-bank financial companies, but they're expected to include stress tests and higher capital holdings. 6 Comments [Financials, Top Stories]
Monday, June 3, 8:20 AM GE Capital (GE) has agreed to sell 986 retail properties to American Realty Capital Trust IV for $1.45B as GE continues its strategy of paring down its finance arm. The deal is the second between the companies in the space of three days, with American Realty agreeing to acquire 471 net lease properties for $807M. GE also recently said that it's selling its Canadian vehicle leasing business for around $553M. 5 Comments [M&A, Financials]
Saturday, June 1, 8:25 AM GE doesn't produce oil or gas but it's betting big on the U.S. energy production boom, planning to invest billions to develop improved methods in fracking and horizontal drilling. It's an energy agenda even environmentalists can love, especially GE's planned new research facility in Oklahoma that seeks to use cutting-edge energy science to improve fracking wastewater cleanup and cut drilling-related air pollution. 4 Comments [Energy]
Friday, May 31, 4:15 AM The Financial Stability Oversight Council could reportedly decide on Monday which non-bank financial companies will be designated as systemically important, and thereby subject to Fed stress tests and higher capital requirements. The top candidates include Prudential (PRU), AIG (AIG) and GE Capital (GE). Investors fear that the classification could make it harder for companies to distribute their cash, although it could also lead to lower borrowing costs. Comment! [Financials, Top Stories]
Friday, May 31, 3:18 AM Boeing (BA) receives an order for 60 737 MAX aircraft from British holiday company TUI Travel (TUIVY.PK) in a deal worth $6.1B at list prices, with the booking also including an option for another 90 planes. The order is so large that it will require the consent of TUI's shareholders. The jets will use LEAP-1B engines, which are made by CFM International, the joint venture partly owned by GE (GE). (PR) 3 Comments [Consumer]
Thursday, May 30, 2:29 PM GE CEO Jeffrey Immelt says he would like to see 3-D printing used to build jet engines someday. He feels the practice has some practical applications, not so much in printing jet engines themselves, but in manufacturing their biggest parts. 3-D printing essentially eliminates the waste of excess material, Immelt says, and the efficiencies of the process would cut down on engine design and development times by half. 9 Comments [Consumer, Tech]

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