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More delays in GE power plants a worry for Pakistan's ruling party

ISLAMABAD (Reuters) - A pledge by Pakistan's ruling party to end electricity outages ahead of a general election in mid-2018 is being undermined by the possibility of further delays in new power plants..
Reuters India

Wipro's Rishad Premji appointed as new Nasscom chairman

wipro's rishad premji appointed as new nasscom chairman
Global software major Wipro's Chief Strategy Officer Rishad Premji has been appointed the new Nasscom Chairman for 2018-19, said the Indian IT industry's apex body on Tuesday. "Rishad Premji, the..
Mid-Day

GE starts flight trials for world's largest jet engine

SEATTLE (Reuters) - General Electric has begun flight trials of the world's largest jet engine after delays caused by technical problems, the U.S. conglomerate said on Wednesday.
Reuters India

GE begins flight trials for GE9X engine after delays

(Reuters) - General Electric Co has begun flight trials of the world's largest jet engine after delays caused by technical problems, according to a bulletin to airlines seen by Reuters.
Reuters India

General Electric axes top-executive bonuses for first time

NEW YORK (Reuters) - General Electric Co last year eliminated bonuses for its senior managers for the first time in its 126-year history, saving millions of dollars after losing money in 2017, the..
Reuters India

SpiceJet inks $12.5 billion deal with Safran for aircraft engines

No-frills airline SpiceJet today inked USD 12.5 billion deal with French major Safran Group for CFM aircraft engines. At current exchange rate, the deal is worth more than Rs 81,000 crore and is one..
Deccan Herald

Focus: How General Electric gambled on fossil fuel power, and lost

NEW YORK (Reuters) - Last March, executives at General Electric Co's power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite flat demand for new natural gas power..
Reuters India

Exclusive - GE exploring industrial gas engine business sale: sources

(Reuters) - General Electric Co is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion, according to people familiar with the matter.
Reuters India

Sorties by defence chiefs: LCA brand name takes to the skies

By flying a sortie in the Made in India light combat aircraft (LCA) from the Jodhpur airbase, Chief of staff of the US Air Force and Chief of staff of the French Air Force somehow did a worldwide brand..
DNA

Wall Street boosted by bank stocks; probe drags GE

(Reuters) - U.S. stocks rose on Wednesday, driven by gains in bank stocks, while shares in General Electric fell after the company revealed a regulatory investigation of a multibillion-dollar insurance..
Reuters India

GE says SEC investigating charge behind $10 billion loss

(Reuters) - General Electric Co disclosed on Wednesday that U.S. securities regulators had begun probing a multibillion-dollar insurance charge it announced last week, a write-off that produced a..
Reuters India

Wall Street opens at record as industrials, healthcare gain

(Reuters) - Wall Street's main indexes opened at record levels on Wednesday following a spate of earnings reports from companies such as General Electric, Abbott Labs and United Technologies.
Reuters India

Wall Street set to open higher after GE results

(Reuters) - The S&P and Dow were on track for a record open on Wednesday following a string of earnings from industrial giants including General Electric and United Technologies.
Reuters India

GE posts $10 billion loss, sales drop as power weakens

(Reuters) - General Electric Co forecast further weakening of its troubled power business on Wednesday as it reported a $10 billion loss and a 5-percent fall in revenue in the fourth quarter, driven by..
Reuters India

Pakistan's PM says confident GE will fix 'technical' issues with gas turbines

ISLAMABAD (Reuters) - Prime Minister Shahid Khaqan Abbasi said on Monday that some of General Electric's flagship new gas turbines in Pakistan were still suffering from technical issues such as..
Reuters India

Dow under pressure as industrial stocks weigh

(Reuters) - The S&P and the Nasdaq were marginally higher on Monday, while losses in industrial stocks such as General Electric and Boeing as well as Apple weighed on the Dow.
Reuters India

S&P opens lower as U.S. shutdown extends

(Reuters) - The benchmark S&P 500 index opened lower on Monday, weighed down by losses in Boeing, Apple and General Electric, and as a U.S. government shutdown entered its third day.
Reuters India

General Electric shares drop for fifth straight session

NEW YORK (Reuters) - General Electric shares tumbled for a fifth straight session on Friday, flirting with their biggest weekly percentage drop since the financial crisis, after the company flagged a..
Reuters India

GE reignites break-up talk after $11 billion insurance, tax hit

NEW YORK (Reuters) - General Electric Co indicated it is looking closely at breaking itself up on Tuesday as the conglomerate announced more than $11 billion in charges from its long-term care..
Reuters India

GE to take $6.2 billion hit from insurance portfolio

(Reuters) - General Electric Co will take a $6.2 billion charge in its fourth quarter results for a more than decade-old insurance portfolio covering long-term healthcare costs, the company said on..
Reuters India

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