Benchmark Monitor
After an unusual number of explosions, several Brazilian power transmission companies have started removing a piece of equipment made by General Electric Company (NYSE:GE) a blow for GE’s Brazil unit as it battles competing suppliers from China and India. The insider ownership percentage is the key indicator, can be used by investors, to measure the […]
Union workers at General Electric Company (NYSE:GE)’s steam turbine plant in Schenectady and research campus in Niskayuna are scheduled to vote next week on a new four-year contract with the company. The workers are represented by IUE-CWA Local 301 in Schenectady. GE has 6,600 union workers nationwide. General Electric Company (NYSE:GE), a Industrial Goods sector firm, traded […]
General Electric Company (NYSE:GE) has reached a tentative agreement with the unions representing its hourly workers. Specific details of the four-year deal are not being revealed publicly until after a ratification vote by union members, which is expected to take place by July 3. General Electric Company (NYSE:GE) shares slumped -0.58% to finally closed at $10.22 in […]
General Electric Company (NYSE:GE) plans to demolish a California natural gas-fired power plant it owns this year, after only one-third of its useful life, because the facility is no longer economically viable, Kallanish Energy learns. The 750-megawatt Inland Empire Energy Center (Ieec) uses two GE H-Class turbines. The closure illustrates the problems GE has experienced with its […]
Ford Motor Company (NYSE:F) has finished a $1 billion renovation at its two plants on Chicago’s far South Side. The company’s oldest continuously producing plant was transformed into a high-tech facility entrusted with building the new Ford Explorer. “When you build 350,000 vehicles a year through a facility year after year and you’re running seven […]
General Electric Company (NYSE:GE) said that the company had been working out a plan to shut down one of its largest power plants in California as early as this year after capitalizing one-third of its usual life-span, adding that the natural gas-based power plant had no longer been economically viable in a state where solar […]