(Reuters) – General Electric Co (GE.N) on Monday tapped the planemaking head of Brazil’s Embraer (EMBR3.SA) to run its key aircraft engines division on Monday, as the global aviation industry grapples with disruption caused by the COVID-19 pandemic. Irishman J... More »
(Reuters) – General Electric Co (GE.N) said on Monday it was planning to cut the global workforce of its aviation unit this year by as much as 25%, or up to 13,000 jobs, including both voluntary and involuntary layoffs, citing prolonged aircraft reduction sche... More »
WASHINGTON/CHICAGO (Reuters) – A Senate Republican coronavirus stimulus package would provide financial aid to U.S. airports, transit systems and passenger railroad Amtrak, but $50 billion for struggling U.S. airlines would be a loan, not a cash payout, the pr... More »
SINGAPORE (Reuters) – Asian airlines face “drastic” cuts in their planned growth because of the coronavirus crisis, an industry group warned, adding gloom to an already depleted Singapore Airshow as more companies scaled back plans on Monday. The Singapore Air... More »
KIEV (Reuters) – Ukraine’s President Volodymyr Zelenskiy said the government was considering several possible causes of a plane crash in Iran, which killed 176 citizens of 7 countries. The Ukraine International Airline jet crashed shortly after takeoff from Te... More »
(Reuters) – French state-controlled energy group EDF has agreed to buy Pivot Power, a British start-up company that specialises in battery storage and electric vehicle charging points. EDF, which did not disclose the financial terms of the acquisition, said th... More »
(Reuters) – Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co (EMR.N) and is planning to push for changes, including a potential split-up of the U.S. industrial conglomerate, people familiar with the matter said on Friday. Emerson, which pur... More »
STUTTGART, Germany (Reuters) – Automakers around the world are pushing hard for new networks that can charge electric cars fast. In Europe, some power companies and grid operators are testing whether it might be smarter and cheaper to move into the slow lane. ... More »
ZURICH (Reuters) – ABB (ABBN.S) Chairman Peter Voser said he was convinced he had got the right man to transform the Swiss engineering group after it announced Sandvik (SAND.ST) boss Bjorn Rosengren would become its next chief executive. Rosengren will take ov... More »
ZURICH (Reuters) – ABB’s (ABBN.S) largest shareholder Investor AB (INVEb.ST) is pleased with the appointment of Bjorn Rosengren as the new chief executive of the engineering group, the Swedish investment company said on Monday. “We welcome the appointment of B... More »
PARIS (Reuters) – Energy major Total said its new supercomputer – which has propelled it to a world ranking as the most powerful computer in the sector – will enable its geologists to find oil faster, cheaper and with a better success rate. The Pangea III comp... More »
WASHINGTON (Reuters) – U.S. President Donald Trump, declaring a national emergency because of tensions with Iran, swept aside objections from Congress on Friday to complete the sale of over $8 billion worth of weapons to Saudi Arabia, the United Arab Emirates ... More »
DUBAI (Reuters) – Flydubai remains confident in the airworthiness of its Boeing 737 planes, an airline spokeswoman said on Monday, a day after an Ethiopian Airlines 737 MAX 8 crashed. Flydubai operates a fleet of Boeing 737 aircraft, including the MAX 8. China... More »
(Reuters) – Boeing Co said late Sunday it will postpone the planned ceremonial debut of its 777X widebody aircraft after Sunday’s crash of an Ethiopian Airlines plane that left 157 dead. A Boeing spokesman said there was no delay to the 777X program. Boeing sa... More »
NAIROBI/ADDIS ABABA (Reuters) – An Ethiopian Airlines passenger jet bound for Nairobi crashed minutes after take-off on Sunday, killing all 157 people on board and raising questions about the safety of the Boeing 737 MAX 8, a new model that also crashed in Ind... More »
(Reuters) – British engine maker Rolls-Royce Holdings Plc said on Sunday it had scaled back efforts to join a Turkish program to build a new fighter jet with Turkey’s Kale Group. Talks between Kale and Rolls-Royce ran into problems last year because of a dispu... More »
SEATTLE (Reuters) – Boeing’s 747 jumbo jet, an aircraft that democratized global air travel in the 1970s but fell behind modern twin-engine passenger jets, has bounced back from near death to mark its 50-year flying anniversary on Saturday, thanks to a cargo m... More »
SAN FRANCISCO (Reuters) – Halfway through 2018, investing in Wall Street’s leading S&P 500 stock index has been nothing to shout about. The index of about 500 of the largest U.S. corporations has risen 1.7 percent year to date, far short of its 8 percent incre... More »
(Reuters) – General Electric Co (GE.N) is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp (WAB.N), a U.S. maker of equipment for the rail industry, two people familiar with the matter said on Sunday. A de... More »
NEW YORK (Reuters) – Three-dimensional printers are letting doctors in Minnesota make simulated body parts in a hospital and a Brooklyn startup create rocket engines designed to put satellites into orbit, executives said Thursday at an event hosted by General ... More »
(Corrects April 27 story in paragraph 10 to say production at a plant in Belgium is planned to start in 2019, and sales are planned to begin in 2020.) By Joseph White ZHANGJIAKOU, China (Reuters) – While auto workers in Germany and South Korea fight to save th... More »
PARIS (Reuters) – Airbus bowed to weak demand for its A330 passenger jet on Friday, announcing a cut in production for 2019 after a series of bruising defeats to Boeing in contests for wide-body jets. Europe’s largest aerospace group said it was reducing deliv... More »
LONDON (Reuters) – General Electric is raising its bet on biotechnology with the launch of prefabricated manufacturing units for producing virus-based gene and cell therapies, novel anti-cancer treatments and vaccines. Interest in such medicines, which use eng... More »
FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File Photo (Reuters) – General Electric Co (GE.N) on Mond... More »
FILE PHOTO – Nelson Peltz founding partner of Trian Fund Management LP. speak at the WSJD Live conference in Laguna Beach, California October 25, 2016. REUTERS/Mike Blake/File Photo NEW YORK (Reuters) – Billionaire investor Nelson Peltz has a message for Ameri... More »
FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, U.S., December 28, 2016. REUTERS/Andrew Kelly/File Photo SAN FRANCISCO (Reuters) – Investors saddled in 2017 with the market’s worst performers, incl... More »
An artist’s impression shows Boom’s 55-seat supersonic aircraft (below) and Boom’s XB-1 supersonic demonstrator in this undated handout obtained by Reuters December 4, 2017. REUTERS/Boom Supersonic Handout via REUTERS (Reuters) – Supersonic passenger travel, w... More »
A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – The head of Japan’s Hitachi Ltd (6501.T) said the company wa... More »
An Airbus A380, the world’s largest jetliner, takes part in flying display, during the 52nd Paris Air Show at Le Bourget Airport near Paris, France June 25, 2017. REUTERS/Pascal Rossignol DUBAI (Reuters) – A preliminary deal to sell 36 A380s to Emirates blew u... More »
General Electric Co's (GE.N) new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company's shares to a five-year low. More »
A U.S. Republican tax bill unveiled on Thursday offers big multinational companies more benefits than minuses, and could free up extra cash for investments, dividends or improving balance sheets. More »
General Electric Co (GE.N) executives did not tell the multinational conglomerate's board until October about a spare business jet that routinely flew for its now-retired chief executive, the Wall Street Journal reported on Sunday, citing people familiar with ... More »
Apple Inc and General Electric Co released app-making tools on Thursday tailored to GE's Predix platform for connecting power plants, jet engines and other industrial equipment to the internet. More »
The revelation that Japan's third-biggest steelmaker Kobe Steel Ltd (5406.T) fabricated data for some of its aluminum and copper and other products has left affected manufacturers scrambling to pin down the potential impact. More »
Bayliss and Rachit Vats More »
Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion on a bet that it can improve lackluster margins at the unit over the next five years, the Swiss engineering company said on Monday. More »
General Electric Co (GE.N) wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people fa... More »
Uber Technologies Inc [UBER.UL] chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive on Sunday, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company ... More »
The Uber Technologies Inc [UBER.UL] board of directors said on Sunday it had voted on its pick for a new chief executive officer, but declined to disclose its choice publicly until informing employees. More »
Two lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies including financial firms Goldman Sachs Group Inc (GS.N) and Wells Fargo & Co (WFC.N) that could complicate efforts to regulate them, according to ... More »
Trian Partners cut its stake in snack maker Mondelez International Inc. during the last quarter, and boosted its shares in conglomerate General Electric, according to the activist fund's latest securities filing. More »
A new Boeing 737MAX sits parked under a canopy at Boeing Field after coming off the production line in Seattle, Washington, May 9, 2017. Picture taken May 9, 2017. REUTERS/Jason Redmond Boeing Co (BA.N) said on Wednesday it had temporarily halted test flights ... More »
FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S., May 21, 2016. REUTERS/Lucy Nicholson/File Photo Hydrogen fuel cell maker Plug Power Inc (PLUG.O) said on Wednesday Amazon.com Inc (AMZN.O) had acquir... More »
Boeing Co’s logo is seen above the front doors of its largest jetliner factory in Everett, Washington, U.S. January 13, 2017. REUTERS/Alwyn Scott Boeing Co (BA.N) said on Wednesday it had launched a venture capital arm and invested in two tech startups, a fres... More »
A Caterpillar corporate logo is pictured on a building in Peoria, Illinois, U.S. March 19, 2017. REUTERS/Carlo Allegri Caterpillar Inc (CAT.N) said on Friday it will shut its Aurora, Illinois, plant, costing about 800 employees their jobs as the world’s larges... More »
The logo of Dow Jones Industrial Average stock market index listed company Boeing (BA) is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisio... More »
CEO of Unified Inbox Toby Ruckert demonstrates how he uses his smartphone to control electrical appliances in a simulation software in Singapore March 3, 2017. REUTERS/Edgar Su In today’s so-called smart home, you can dim the lights, order more toothpaste or t... More »
A Bank of America logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Warren Buffett said on Saturday he plans to stick with the shrewd bet that his Berkshire Hathaway Inc (BRKa.N) made on Bank of America Corp (BAC.N), but might event... More »
President Donald Trump is interviewed by Reuters in the Oval Office at the White House in Washington, U.S., February 23, 2017. REUTERS/Jonathan Ernst U.S. President Donald Trump on Thursday spoke positively about a border adjustment tax being pushed by Republi... More »
Employees work on a turbine at the General Electric plant in Belfort, France, February 22, 2017. REUTERS/Vincent Kessler President Donald Trump, who has vowed to stop U.S. manufacturing from disappearing overseas, will seek job-creation advice on Thursday from... More »
A woman walks past the logo of Swiss power technology and automation group ABB ahead of a news conference to present the company’s full-year results in Zurich, Switzerland February 8, 2017. REUTERS/Arnd Wiegmann Swiss engineering group ABB (ABBN.S) revealed th... More »
The Reserve Bank of India (RBI) Governor Urjit Patel speaks during a news conference after the bimonthly monetary policy review in Mumbai, India December 7, 2016. REUTERS/Danish Siddiqui/File Photo Denny Jose, a small-town caterer in the southern Indian state ... More »
Siemens logo is pictured on a CT scan in the manufacturing plant of Siemens Healthineers in Forchheim near Nuremberg, Germany, October 7, 2016. REUTERS/Michaela Rehle German engineering group Siemens has run a successful test of power generation gas turbine bl... More »
U.S. President-elect Donald Trump sits with PayPal co-founder and Facebook board member Peter Thiel, Apple Inc CEO Tim Cook, Oracle CEO Safra Catz and Tesla Chief Executive Elon Musk during a meeting with technology leaders at Trump Tower in New York U.S., Dec... More »
The ticker and logo for General Electric Co. is displayed on a screen at the post where it’s traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2016. REUTERS/Brendan McDermid Shares of oilfield services company Baker Hug... More »
General Electric employee Ron Carlson inspects a CF6-80C engine at the GE Aviation Peebles Test Operations Facility in Peebles, Ohio, November 15, 2013. REUTERS/Matt Sullivan FedEx Corp is grounding one of its planes temporarily that has an engine General Elec... More »
Mechanic Andrew Newingham uses a wireless headset and voice-controlled computer to quickly input details about an auxiliary power unit engine needing repairs at a Honeywell Aerospace service center in Phoenix, Arizona September 6, 2016. REUTERS/Alwyn Scott In ... More »
United Parcel Service air craft are being loaded with air containers full of packages bound for their final destination at the UPS Worldport All Points International Hub during the peak delivery month in Louisville, Kentucky December 3, 2015. REUTERS/John Somm... More »
The company’s logo is seen on protection grids of a traction transformer at a plant of Swiss engeneering group ABB in the town of Turgi west of Zurich June 9, 2010. REUTERS/Arnd Wiegmann/File Photo ABB has appointed Guido Jouret as its first chief digital offi... More »
FARNBOROUGH, England Airbus (AIR.PA) bagged deals worth $20 billion to seize the initiative at a rain-soaked Farnborough Airshow on Tuesday, but industry executives said the mostly lackluster event confirmed a recent boom in aircraft orders was finally fizzlin... More »
MUNICH, Germany Robots that work as assistants alongside people are set to upend the world of industrial robotics by putting automation within reach of many small and medium-sized companies for the first time, industry players said this week. Collaborative rob... More »
BERLIN Germany denied interfering in Chinese home appliance maker Midea’s 4.5 billion euro ($5 billion) bid for industrial robot maker Kuka on Friday, saying it was not organising a rival offer. German media have reported that German Economy Minister Sigmar Ga... More »
KABUL Thousands of demonstrators from Afghanistan’s Hazara minority marched in protest through Kabul on Monday saying that they are missing out on a multi-million dollar power transmission line, posing a major challenge to the government of President Ashraf Gh... More »
SEATTLE General Electric Co (GE.N) has agreed to buy a unit of South Korea’s Doosan Engineering and Construction Co (011160.KS) that produces key components of combined-cycle power plants, the head of the U.S. company’s power division said on Tuesday. The $250... More »
WASHINGTON The U.S. government has approved the sale of up to nine Boeing Co (BA.N) P-8A Poseidon maritime patrol planes to Britain in a deal valued at up to $3.2 billion, the U.S. Defense Department said Friday. The Pentagon’s Defense Security Cooperation Age... More »
JAKARTA A consortium made up of Indonesia’s state energy firm PT Pertamina and Japan’s Marubeni Corp (8002.T) has signed a deal with General Electric (GE.N) for the U.S. firm to provide gas turbines for a $2 billion power plant in Java, Pertamina said. The con... More »
NEW DELHI A doctor at a hospital in India’s capital, New Delhi, was recently tracking a wall of monitors displaying the vital signs of intensive care patients admitted hundreds of miles away when red-and-yellow alerts rang out. The oxygen flow to a 67-year-old... More »
Alcoa Inc said on Monday it had signed a $1.5 billion long-term contract with General Electric Co’s aviation unit to supply components used in aircraft engines. The aluminum producer will provide advanced nickel-based superalloy, titanium and aluminum componen... More »
STOCKHOLM Swedish home appliance maker Electrolux said on Monday its CEO Keith McLoughlin would retire and be replaced by senior executive Jonas Samuelson, just a month after the biggest deal in the company’s history collapsed. McLoughlin will hand over on Feb... More »
General Electric Co (GE.N) expects to announce a decision next month about whether it will move its headquarters out of Connecticut, a spokesman said on Sunday. GE Chief Executive Jeff Immelt had previously said the U.S. conglomerate planned to decide the futu... More »
STOCKHOLM Sweden’s Electrolux (ELUXb.ST) said on Monday its deal to buy General Electric’s (GE.N) appliance business had fallen through after GE terminated the $3.3 billion agreement. The U.S. Department of Justice asked a federal court in July to stop Electro... More »
SAN FRANCISCO Snapchat, maker of a free mobile app that lets users send videos and messages that disappear in seconds, is struggling to gain traction with advertisers, fuelling investor concern that its $16 billion valuation isn’t justified by a business that ... More »
LONDON The Western-backed Free Syrian Army said on Monday it had not refused an offer of military support from Russia and that Moscow needs to stop targeting its bases in Syria. Russian Foreign Minister Sergei Lavrov said in an interview broadcast on Saturday ... More »
Nelson Peltz’s Trian Fund Management has accumulated $2.5 billion in General Electric (GE.N) shares since May — a roughly 1 percent stake — making it one of the company’s top 10 shareholders, the Wall Street Journal reported. In a white paper Trian plans to di... More »
Rolls-Royce Holdings PLC (RR.L) may announce a reduction of 400 management jobs in its marine division this week, the Financial Times reported, citing people familiar with the matter. Chief Executive Warren East’s aim with the marine restructuring will be to s... More »
TORONTO Royal Bank of Canada led a rise in the value of Canadian equity issues for the first nine months of 2015, overcoming a slowdown in the third quarter due to increased choppiness in equity markets. Equity financings rose to C$36 billion ($27.23 billion) ... More »
In a sign that what is old is new again, U.S. conglomerate General Electric Co is producing its own science fiction podcast series in an effort to raise its profile among a younger, tech-savvy audience. GE, in partnership with The Slate Group’s podcast network... More »
DALIAN, China In a cavernous showroom on the outskirts of this port city in northeastern China, softly whirring lathes and svelte robot arms represent Dalian Machine Tools Group’s (DMTG) vision of an automated future for Chinese manufacturing. On closer inspec... More »
General Electric Co (GE.N) said on Monday it was cutting 262 more jobs at its Lufkin oil unit in Texas and closing a foundry as it grapples with the plunge in global oil prices. GE earlier this year said it planned to eliminate some 575 jobs from Lufkin, bring... More »
LONDON The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts. Double digit growth rates during the first decade of th... More »
A clothing designer area is pictured at TechShop in the South of Market neighborhood in San Francisco, California April 24, 2014. REUTERS/Robert Galbraith In the shadow of Internet monoliths such as Facebook, Google and Twitter, it’s easy to forget that Silico... More »
