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...You look at Siemens Energy, you look at GE, you look at Vestas, the big players, we’re all losing money . . ....
...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....
...“I think from a value-for-money perspective, we’ve got to pause and look and just check that we’ve got our strategy right,” he said....
...“Stop wasting your parents’ money.”...
...“I regret buying GE . . . I was lied to . . . the numbers weren’t real,” says Peltz. In 2020 GE agreed to pay the US regulator $200mn for disclosure violations....
...Then, in January, as part of its plan to break itself up into three pieces and then to disappear as a conglomerate, GE spun-off 80.1 per cent of its healthcare division as GE HealthCare Technologies, Inc...
...Goldman Sachs board member Jessica Uhl will step down after taking on a new role as the president of GE Vernova....
...The former GE executive has overseen the Max’s return to service, which US aviation regulators approved in November 2020....
...In its core civil aerospace business, it expects to achieve operating margins of 15-17 per cent, up from 2.5 per cent in 2022, a move that would bring it closer to rivals such as GE....
...That, along with a bunch of supply-chain issues, means that US buyers of solar power are paying more money than their competitors overseas....
...CAF Bank, whose directors include former executives from Lloyds, Santander, GE Capital, HSBC and Barclays, plans to hold the bonds to maturity “in all but the most extreme scenarios”, it said in its annual...
...Welch loved the business of making money from money at GE Capital, the conglomerate’s finance arm. And why not?...
...And a lot of people blame share buybacks for one of the reasons GE is no longer the great, enormous company it once was. Michela TinderaYeah....
...AIG and GE Capital, which had both taken federal bailout money during the 2008 crisis, were released from the designation in 2016 after downsizing, and the Trump administration freed Prudential from additional...
...In short, Apollo does the kinds of things that GE Capital did once upon a time (before its demise) but without taking the existential risk of borrowing short and lending long....
...Thus far the group has raised two rounds of funding, for $22mn and $62mn respectively, from groups such as Tencent, GE Aviation, Toyota, Fortescue and JetBlue....
...Note that GE has just reported an almost 30 per cent increase in its aerospace revenues in the first half of the year. More planes flying means more cash coming in....
...(Alex laughs) And you’d say, hello, I’d like to invest my money. And he’d say, here’s some GE and some Ford; now go play golf. I don’t know if this is true, but it feels true. Alex Scaggs Exactly....
...For example, in 2008 when Goldman Sachs and GE needed capital infusions, he stepped in on very favourable terms but passed on Lehman and AIG as saw too many red flags....
...There are no offshore nacelle assembly facilities in North America, though companies including GE Renewable Energy and Vestas have recently announced US investment plans....
...Welch loved GE Capital. He told Cohan, who worked briefly there before becoming an investment banker, that fooling with money was easier than bending metal — a home run, as he put it....
...“Over the years I have made a great deal of money with money. I like to have a war chest and doing that gave me more of a war chest,” he added, referring to the margin loan....
...Hunt will also announce a competition for the construction of Britain’s first small modular nuclear reactors, which the government said is likely to see Britain’s Rolls-Royce compete with rivals such as GE...
...Kenvue makes money and is cash generative without debt. Future litigation is a worry, though....
...Somehow, even while producing sponsored videos for legacy corporations such as GE, Vice held on to its “cool” factor....
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