Tag: General Electric Co.

Cement giant LafargeHolcim is teaming up with GE’s renewables unit on wind turbine recycling 

Daniel Acker | Bloomberg | Getty Images General Electric’s renewables unit and LafargeHolcim, the world’s biggest cement manufacturer, have struck a deal to explore the recycling of wind turbine blades. A memorandum of understanding will see the companies focus on exploring “circular economy solutions.” Business practices connected to the notion of a circular economy have […]

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Taxes and inflation will be key themes for markets in the week ahead

Traders on the floor of the New York Stock Exchange. Source: NYSE The final week of April is going to be a busy one for markets with a Federal Reserve meeting and a deluge of earnings news. Hot topics in markets will continue to be inflation and taxes. President Joe Biden is expected to detail […]

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GE stock rallies after tough week as bullish analysts defend airline leasing deal

Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric stock surged more than 5% Monday as bullish analysts defended the company’s decision last week to sell its jet-leasing business to rival AerCap and new financial guidance. On Wednesday, the Boston-based conglomerate announced of the sale of GE Capital Aviation Services, or Gecas, the largest remaining asset […]

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GE sheds finance assets as it focuses on industrial business and seeks to strengthen balance sheet

Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric‘s announcement Wednesday that it will sell its jet-leasing business to rival AerCap and fold a substantially slimmed down GE Capital into its balance sheet is the latest indication that CEO Larry Culp is simplifying operations as it leans into its core industrial business. GE Capital Aviation […]

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United takes 24 Boeing 777s out of service as the FAA orders inspections following engine failure

Residents take pictures of debris fallen from a United Airlines airplane’s engine on the neighborhood of Broomfield, outside Denver, Colorado, on Feb. 20, 2021. A United Airlines flight suffered a fiery engine failure Feb. 20, shortly after taking off from Denver on its way to Hawaii, dropping massive debris on a residential area before a […]

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