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Search resuls for: "General Electric Co"


15 mentions found


” — Pam Cheng, executive vice president of global operations and IT at AstraZeneca, on building a vaccine supply chain. (The Loadstar)Hapag-Lloyd AG’s Rolf Habben Jansen and Jeremy Nixon of Ocean Network Express will head the World Shipping Council trade lobby. (TechCrunch)ABOUT USPaul Page is editor of WSJ Logistics Report. Follow the WSJ Logistics Report team: @PaulPage, @jensmithWSJ and @CostasParis. Follow the WSJ Logistics Report on Twitter at @WSJLogistics.
Persons: Joseph Walker, Jenny Strasburg, Pam Cheng, Sharon Terlep, lockdowns, Jon Emont, J.B, John Kuhlow, Dow Jones, Clarksons Platou, Lloyd AG’s Rolf Habben Jansen, Jeremy Nixon, Paul Page Organizations: AstraZeneca PLC, British, AstraZeneca, Interactive, Nautilus Inc, Nautilus, American Trucking Associations ’, Hunt Transport Services Inc, General Electric Co, Inc, Sporting Goods Inc, McCormick, Mapletree Investments, Straits Times, Blackstone, XPO Logistics, Bloomberg, Alliance, Nikkei, Shipping Co, Ocean Network Express, World Shipping Council, Loblaw Cos ., Logistics, Twitter Locations: Singapore, Cholula, Shanghai, China, Kyushu, New Jersey, Toronto
General Electric warns of more job cuts at aviation unit: WSJ
  + stars: | 2020-11-24 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: The logo of U.S. conglomerate General Electric is seen on the company building in Belfort, France, October 19, 2019. REUTERS/Vincent Kessler/File Photo GLOBAL BUSINESS WEEK AHEAD(Reuters) - General Electric Co warned employees of more job cuts at its aviation unit as the COVID-19 pandemic continues to impact commercial air travel, the Wall Street Journal reported on Tuesday, citing an internal video message.
Persons: Vincent Kessler Organizations: REUTERS, General Electric Co, Wall Street Locations: Belfort, France
FILE PHOTO: A model of C919 passenger jet by Commercial Aircraft Corp of China Ltd (COMAC) is displayed at Aviation Expo China 2017 in Beijing, China September 19, 2017. Ten days ago, he unveiled an executive order prohibiting U.S. investments in Chinese companies that Washington says are owned or controlled by the Chinese military. The pending list comes after the Commerce Department expanded the definition of “military end user” in April. Besides the 89 Chinese listings, the draft rule also designates 28 Russian entities, including Irkut, which is also aiming to break into Boeing’s market with its MC-21 jetliner development. The 117-company list is “not exhaustive,” the draft rule said, and is considered an “initial tranche.”
Persons: Trump, Stringer, Donald Trump, Kevin Wolf, Wolf, , Organizations: Reuters, Commercial Aircraft Corp of China Ltd, Aviation, REUTERS, U.S . Department of Commerce, Boeing, Airbus, Aviation Industry Corporation of China, U.S, China, Commerce Department, police, Commerce, Federal Register, General Electric Co, Honeywell International, AVIC, GE, Honeywell Locations: Beijing, China, U.S, Washington
FILE PHOTO: The General Electric Co. logo is seen on the company's corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019. REUTERS/Alwyn ScottWASHINGTON (Reuters) - General Electric Co. and a Vietnamese company on Saturday signed a memorandum of understanding to develop a liquified natural gas power plant, according to GE and a senior Trump administration official. GE said the Long Son LNG facility in Ba Ria-Vung Province would provide 3,600-4,500 megawatts of power to the country. Pacific Corp., Vietnam’s Power Engineering Consulting Joint Stock Company 2 and TTC Group, and Mitsubishi’s Corp.’s local subsidiary, also will participate in the project, GE said. O’Brien was scheduled to meet government officials and speak to students during his visit.
Persons: Alwyn Scott WASHINGTON, Robert O’Brien, Donald Trump’s, Vietnam’s EVNGenco3, O’Brien, Michael Nguyen Organizations: General, Co, REUTERS, General Electric Co, Saturday, GE, Trump, . Pacific Corp, Power Engineering, Company, TTC Group, Mitsubishi’s Corp Locations: Boston , Massachusetts, U.S, Vietnamese, Hanoi, Vietnam, Massachusetts, Ho Chi Minh City, Son, Ba Ria, Vung Province
Analysis: U.S. manufacturing is booming - but not for these guys
  + stars: | 2020-11-18 | by ( Timothy Aeppel | ) www.reuters.com + 0.00   time to read: +6 min
A worker pours hot metal at the Kirsh Foundry in Beaver Dam, Wisconsin, U.S., April 12, 2018. Today it remains depressed, emblematic of a U.S. manufacturing economy that, for all its apparent resilience, has notable pockets of weakness. Indeed, some U.S. factories are booming, and there are even shortages of some popular consumer goods. These factories, which produce metal castings, are a good gauge for the health of the larger manufacturing sector. At one point the foundry had 19 employees - about a quarter of their reduced workforce - either sick or in precautionary quarantine.
Persons: Jim Kirsh, Timothy Aeppel, I’m, , Kirsh, He’s, Thomas Teske, EJ Organizations: Reuters, REUTERS, Foundry Inc, General Electric Co, Institute for Supply, COVID, Federal Reserve, Caterpillar Inc, 3M, Aerospace, Boeing Co, Caterpillar, Deere, Co, Cummins Inc, Iron Founders Association Locations: Wisconsin, Beaver Dam , Wisconsin, U.S, Beaver, Milwaukee, China, Midwest, Chicago, East Jordan , Michigan, Pennsylvania
(Reuters) - General Electric Co GE.N on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares 10% higher. GE said it expects industrial free cash flow to be at least $2.5 billion in the fourth quarter and positive in 2021. Culp is trying to turn around the company by improving free cash flow and cutting debt. However, the coronavirus pandemic has hit those efforts by hammering GE’s aviation unit, usually the company’s most profitable and most cash-generative segment. In response to the pandemic-induced turmoil, GE is cutting $2 billion in costs and aiming to generate $3 billion in cash savings.
Persons: Vincent Kessler, , Lawrence Culp, Culp Organizations: Reuters, General, REUTERS, GE, Revenue, Gordon Haskett Research Advisors, GE Capital, General Electric Co GE, France, GE Locations: Belfort, France, Boston, Belfort
(Reuters) - General Electric Co GE.N on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares higher in pre-market trading. GE said it expects industrial free cash flow to be at least $2.5 billion in the fourth quarter and positive in 2021. Culp is trying to turn around the company by improving free cash flow and cutting debt. In response to the pandemic-induced turmoil, GE is cutting $2 billion in costs and aiming to generate $3 billion in cash savings. Earlier this month, GE warned that it could face a civil action for possible violations of securities laws over its accounting for the insurance business.
Persons: Vincent Kessler, , Lawrence Culp, Culp Organizations: Reuters, General, REUTERS, GE, Revenue, Gordon Haskett Research Advisors, GE Capital, General Electric Co GE, France, GE Locations: Belfort, France, Boston, Belfort
(Reuters) - General Electric Co GE.N on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares 10% higher. GE said it expects industrial free cash flow to be at least $2.5 billion in the fourth quarter and positive in 2021. Culp is trying to turn around the company by improving free cash flow and cutting debt. However, the coronavirus pandemic has hit those efforts by hammering GE’s aviation unit, usually the company’s most profitable and most cash-generative segment. In response to the pandemic-induced turmoil, GE is cutting $2 billion in costs and aiming to generate $3 billion in cash savings.
Persons: Vincent Kessler, , Lawrence Culp, Culp Organizations: Reuters, General, REUTERS, GE, Revenue, Gordon Haskett Research Advisors, GE Capital, General Electric Co GE, France, GE Locations: Belfort, France, Boston, Belfort
(Reuters) - General Electric Co GE.N on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares higher in pre-market trading. GE said it expects industrial free cash flow to be at least $2.5 billion in the fourth quarter and positive in 2021. Culp is trying to turn around the company by improving free cash flow and cutting debt. In response to the pandemic-induced turmoil, GE is cutting $2 billion in costs and aiming to generate $3 billion in cash savings. Earlier this month, GE warned that it could face a civil action for possible violations of securities laws over its accounting for the insurance business.
Persons: Vincent Kessler, , Lawrence Culp, Culp Organizations: Reuters, General, REUTERS, GE, Revenue, Gordon Haskett Research Advisors, GE Capital, General Electric Co GE, France, GE Locations: Belfort, France, Boston, Belfort
GE’s Cost Cuts Offset Troubles in Aviation Unit
  + stars: | 2020-10-28 | by ( Thomas Gryta | ) www.wsj.com   time to read: 1 min
The troubled aviation industry continued to weigh on General Electric Co., which reported another quarter of shrinking revenue, but the conglomerate posted a smaller loss and was able to generate cash from its industrial operations. Layoffs and cost cutting have helped GE weather the coronavirus pandemic’s damage to the commercial airlines that ultimately buy its jet engines. Belt tightening has also helped reverse losses in GE’s long-struggling power turbine unit.
Organizations: General Electric Co, GE, General Electric Co, GE
CFOs Using Bond Proceeds to Pay Down Credit Lines, Debt
  + stars: | 2020-10-28 | by ( Nina Trentmann | ) www.wsj.com   time to read: +5 min
During that time, Coca-Cola had about $8.8 billion in untapped credit lines, according to a spokesman. Over 40% of companies that issued bonds between March and the end of June didn’t draw down existing credit lines, while close to 60% used bond proceeds to pay back credit lines, the study said. General Electric Co. issued $13.5 billion in debt in the second quarter, using the proceeds to repay $10.5 billion in shorter-dated debt. Although finance chiefs first stored cash on balance sheets, they then turned to paying down credit lines and retiring older, more expensive debt. Companies in the high-yield space are now beginning to spend bond proceeds on leveraged buyouts and mergers and acquisitions, he added.
Persons: , , Olivier Darmouni, Kraft Heinz, Evan Friedman, Christina Padgett, Ms, Padgett, Nina Trentmann, Evan Friedman, Christina Padgett Organizations: Finance, Federal Reserve, Columbia Business School, Federal Reserve Bank of New, Chevron Corp, Chevron, General Electric Co, Moody’s, Service Inc, Companies, Columbia Business School, Chevron Corp, Coca-Cola Co, Coca-Cola, Moody’s Investors Service Inc, Moody’s Locations: Federal Reserve Bank of New York, Atlanta
CFOs Using Bond Proceeds to Pay Down Credit Lines, Debt
  + stars: | 2020-10-28 | by ( Nina Trentmann | ) www.wsj.com   time to read: +5 min
During that time, Coca-Cola had about $8.8 billion in untapped credit lines, according to a spokesman. Over 40% of companies that issued bonds between March and the end of June didn’t draw down existing credit lines, while close to 60% used bond proceeds to pay back credit lines, the study said. General Electric Co. issued $13.5 billion in debt in the second quarter, using the proceeds to repay $10.5 billion in shorter-dated debt. Although finance chiefs first stored cash on balance sheets, they then turned to paying down credit lines and retiring older, more expensive debt. Companies in the high-yield space are now beginning to spend bond proceeds on leveraged buyouts and mergers and acquisitions, he added.
Persons: , , Olivier Darmouni, Kraft Heinz, Evan Friedman, Christina Padgett, Ms, Padgett, Nina Trentmann, Evan Friedman, Christina Padgett Organizations: Finance, Federal Reserve, Columbia Business School, Federal Reserve Bank of New, Chevron Corp, Chevron, General Electric Co, Moody’s, Service Inc, Companies, Columbia Business School, Chevron Corp, Coca-Cola Co, Coca-Cola, Moody’s Investors Service Inc, Moody’s Locations: Federal Reserve Bank of New York, Atlanta
CFOs Using Bond Proceeds to Pay Down Credit Lines, Debt
  + stars: | 2020-10-28 | by ( Nina Trentmann | ) www.wsj.com   time to read: +5 min
During that time, Coca-Cola had about $8.8 billion in untapped credit lines, according to a spokesman. Over 40% of companies that issued bonds between March and the end of June didn’t draw down existing credit lines, while close to 60% used bond proceeds to pay back credit lines, the study said. General Electric Co. issued $13.5 billion in debt in the second quarter, using the proceeds to repay $10.5 billion in shorter-dated debt. Although finance chiefs first stored cash on balance sheets, they then turned to paying down credit lines and retiring older, more expensive debt. Companies in the high-yield space are now beginning to spend bond proceeds on leveraged buyouts and mergers and acquisitions, he added.
Persons: , , Olivier Darmouni, Kraft Heinz, Evan Friedman, Christina Padgett, Ms, Padgett, Nina Trentmann, Evan Friedman, Christina Padgett Organizations: Finance, Federal Reserve, Columbia Business School, Federal Reserve Bank of New, Chevron Corp, Chevron, General Electric Co, Moody’s, Service Inc, Companies, Columbia Business School, Chevron Corp, Coca-Cola Co, Coca-Cola, Moody’s Investors Service Inc, Moody’s Locations: Federal Reserve Bank of New York, Atlanta
CFOs Using Bond Proceeds to Pay Down Credit Lines, Debt
  + stars: | 2020-10-28 | by ( Nina Trentmann | ) www.wsj.com   time to read: +5 min
During that time, Coca-Cola had about $8.8 billion in untapped credit lines, according to a spokesman. Over 40% of companies that issued bonds between March and the end of June didn’t draw down existing credit lines, while close to 60% used bond proceeds to pay back credit lines, the study said. General Electric Co. issued $13.5 billion in debt in the second quarter, using the proceeds to repay $10.5 billion in shorter-dated debt. Although finance chiefs first stored cash on balance sheets, they then turned to paying down credit lines and retiring older, more expensive debt. Companies in the high-yield space are now beginning to spend bond proceeds on leveraged buyouts and mergers and acquisitions, he added.
Persons: , , Olivier Darmouni, Kraft Heinz, Evan Friedman, Christina Padgett, Ms, Padgett, Nina Trentmann, Evan Friedman, Christina Padgett Organizations: Finance, Federal Reserve, Columbia Business School, Federal Reserve Bank of New, Chevron Corp, Chevron, General Electric Co, Moody’s, Service Inc, Companies, Columbia Business School, Chevron Corp, Coca-Cola Co, Coca-Cola, Moody’s Investors Service Inc, Moody’s Locations: Federal Reserve Bank of New York, Atlanta
CFOs Using Bond Proceeds to Pay Down Credit Lines, Debt
  + stars: | 2020-10-28 | by ( Nina Trentmann | ) www.wsj.com   time to read: +5 min
During that time, Coca-Cola had about $8.8 billion in untapped credit lines, according to a spokesman. Over 40% of companies that issued bonds between March and the end of June didn’t draw down existing credit lines, while close to 60% used bond proceeds to pay back credit lines, the study said. General Electric Co. issued $13.5 billion in debt in the second quarter, using the proceeds to repay $10.5 billion in shorter-dated debt. Although finance chiefs first stored cash on balance sheets, they then turned to paying down credit lines and retiring older, more expensive debt. Companies in the high-yield space are now beginning to spend bond proceeds on leveraged buyouts and mergers and acquisitions, he added.
Persons: , , Olivier Darmouni, Kraft Heinz, Evan Friedman, Christina Padgett, Ms, Padgett, Nina Trentmann, Evan Friedman, Christina Padgett Organizations: Finance, Federal Reserve, Columbia Business School, Federal Reserve Bank of New, Chevron Corp, Chevron, General Electric Co, Moody’s, Service Inc, Companies, Columbia Business School, Chevron Corp, Coca-Cola Co, Coca-Cola, Moody’s Investors Service Inc, Moody’s Locations: Federal Reserve Bank of New York, Atlanta
Total: 15