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Related Special Reports
...He spent more than a decade at GE Capital, in Asia and the UK, before a stint at the National Commercial Bank in the Middle East, Tesco Bank and Sainsbury’s Argos Financial Services....
...GE reported last week that it sold $42.4mn worth of spare parts a day during the third quarter — up 44 per cent from this period last year....
...The business, which makes and services commercial and military jet engines, reported a 25 per cent jump in revenues for the third quarter. Orders and profits were both up by about a third....
...Its characters, such as they are, speak mostly in exposition. The Trumpian overtones of its focus on “Truthers” can feel less than subtle....
...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...
...She spent almost 14 years at GE in various finance roles, including latterly as chief financial officer....
...Some 22,600 remain in service. CFM said in October it had found 145 engines in the global fleet that were fitted with parts linked with AOG. More than half of these had been removed from service....
...Although the FAA also cleared the grounded Max 9 jets to return to service, the intervention on the ramp-up hit Boeing’s shares....
...Instead, they say that India should leverage its expertise in direct services exports, from IT to education, as well as services embedded within the manufacturing sector....
...Blackstone took control of the trust in 2013 and two years later dramatically expanded it with the purchase of a $4.6bn portfolio of commercial mortgage loans from GE Capital....
...A Russian doll I won’t provide an endless exposition of the project here, but if you’re interested in the broad concerns that led to the government’s independent assurance review, this piece from last summer...
...And then there is what the GE board of directors gave Larry Culp in August 2020 to retain his services....
...But any attempt to tackle thorny themes is undermined by a lack of nuance and naturalism in the writing; dialogue is often in service of narrative exposition....
...Here’s what else I’m keeping tabs on today: Results: Eli Lilly, the maker of weight loss drug Mounjaro, reports this morning alongside KKR, Spotify, GE Healthcare and Hertz....
...“While inflation remains a factor, we are seeing the supply chain environment continue to improve with demand for our products and services growing in 2023.”...
...Of course we’ll pay lip-service to our colleagues. But in our confirmed self-belief, we are as likely to make the same mistakes as repeat the old brilliance....
...Erginbilgic said he expected to leverage Rolls-Royce’s new UltraFan programme of engine technologies for when the next generation of narrow-body aircraft is due to enter service around 2035....
...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....
...It is unclear whether engineers from either Boeing or GE — both US companies — would be allowed to travel to Russia to service the aircraft, given US sanctions against the country following its full-scale...
...The former GE executive has overseen the Max’s return to service, which US aviation regulators approved in November 2020....
...The US State Department said it could not confirm if any American citizens were on board the service, adding that it was “monitoring the situation closely”....
...The best tale the former mentee to GE’s “Neutron” Jack Welch could drum up involved bean counting....
...In 2014, the port had a banner year shifting GE generators produced in nearby Schenectady and bound for Africa....
...Disability commits John to narration as “the infinitely slow exposition of events”. It also brings our super-observant hero closer to everyone he touches (literally) in his daily battle to get around....
...Foreigners dominate large-scale modern industry and services. The exports they “drag out” are mostly mid-tech....
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