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...Munson, who previously worked for GE Capital and Goldman Sachs, could not be reached for comment. NYCB said: “We can confirm that Nick Munson left the company in early 2024.”...
...Shares in energy unit GE Vernova, GE Aerospace and GE Healthcare all declined more than the S&P 500 on Tuesday....
...The latter — now known as GE Aerospace, but still trading under the classic GE stock ticker — sank 2.4 per cent. GE Healthcare, which was spun off at the start of 2023, fell 1.6 per cent....
...The following day, GE completed the final stage of a long-planned three-way split, separating into GE Aerospace and energy unit GE Vernova....
...The company said it was ready for GE Vernova, its energy division, and GE Aerospace to be operating as separately listed companies in early April....
...GE said it its two remaining units — GE Aerospace and energy business GE Vernova — would separate in the second quarter of next year....
...They will combine, rebrand as GE Vernova and spin out next year. The great unshackling is doing wonders for GE’s share price....
...Former GE chief executive Jeff Immelt invited Peltz to buy stock in GE after Immelt announced his decision, in 2015, to get rid of GE Capital....
...GE has increased its profit forecast for the year after strong demand from commercial and defence customers boosted its aerospace business....
...Relative to a matched sample of non-GE- backed firms, we observe strong outperformance in GE target firms in terms of their growth in sales, assets, employment, and earnings....
...Other companies: KKR, Spotify, GE Healthcare, and Hertz are also reporting before the bell. Amgen, Gilead Sciences, Chipotle, Ford and Snap are reporting after the bell....
...In a road to Damascus moment, the legendary former chief executive of GE told the FT in an interview in 2009: “On the face of it, shareholder value is the dumbest idea in the world....
...Melrose: Shares rose 3.8 per cent after it signed an agreement with GE Aerospace, which it said would bring in sales of about $5bn over the 30-year lifespan of GE’s GEnx engines....
...Other earnings: Johnson & Johnson, Procter & Gamble, Lockheed Martin, RTX, Halliburton, 3M, Verizon, GE and DR Horton will also report earnings....
...The company has restructured the business, reducing its number of sites, while also investing in new initiatives, including in its engines business which makes components for, among others, GE Aerospace...
...GE now expects “high-single-digit revenue growth” for 2023, with adjusted earnings per share of $1.70 to $2.00, up from $1.60 to $2.00 previously....
...Calhoun is the third ex-GE executive to lead Boeing — following Harry Stonecipher and Jim McNerney — which largely explains the company’s intense focus on financial metrics, especially Rona (return on net...
...The only effective sanctions are for the original equipment manufacturers or OEMs (Boeing, Airbus, Rolls-Royce, Pratt & Whitney and GE) to stop issuing updates to the flight and maintenance manuals....
...Calhoun, a former GE executive, stabilised the company and repaired relations with regulators after the 737 Max 8 crashes....
...Local head Isabel Ge Mahe said the company was “proud to deepen our roots in China and expand our world-class facilities here”....
...International rivals such as GE and China’s Mingyang are working on machines in the region of 18MW....
...TerraPower’s Natrium reactor, which is developed in partnership with GE Hitachi Nuclear Energy, is slightly larger than most SMRs with a power capacity of 345MWe....
...Other earnings: Caterpillar, Amgen and GE Healthcare report results before the market opens. Chesapeake Energy, Match Group and AMD report after Wall Street’s closing bell....
...But it's only recently that a handful of household names like Rolls-Royce, Westinghouse, GE, Hitachi, and others have started pitching or developing SMR projects to generate electricity for commercial use...
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