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General Electric

GE Aviation cutting 7% of engineering workforce

EVENDALE, Ohio — GE Aviation is cutting 238 engineering jobs in southwestern Ohio and 69 at other U.S. sites as it trims more than 7 percent of its engineering workforce.

Date: 01/30/2016 | Business Wire


Airbus postpones delivery of first A320neo

TOULOUSE, France — Airbus Group postponed the first delivery of its A320neo model airliner by at least several weeks as it addresses issues with documentation for the aircraft, adding to the woes for the single-aisle plane that constitutes the majority of the company's...

Date: 12/30/2015 | Business Wire


Eight years for X-ray weapon plot that targeted Muslims

ALBANY, N.Y. — An upstate New York man who admitted building a remote control for a mobile X-ray device intended to kill Muslims has been sentenced to eight years in prison.Eric Feight, 57, of Hudson, pleaded guilty in 2014 to providing material support to terrorists.

Date: 12/17/2015 | Nation & World


Cessna plans ‘transatlantic’ business jet

Textron Inc.'s Cessna probably will introduce its largest-ever business jet next week to meet customers' demand for roomier, more-comfortable cabins and longer range, according to analysts and industry consultants.The new plane is...

Date: 11/12/2015 | Business Wire


Momentum builds for reviving Export-Import Bank

WASHINGTON — Congressional backers of the Export-Import Bank are close to reviving it four months after conservative foes ensured that its charter expired.

Date: 11/06/2015 | Business Wire


GE beats estimates with gains in aviation, transport

NEW YORK — General Electric Co. beat analysts' third- quarter earnings estimates, buoyed by gains in the aviation and transportation units, as the industrial giant re-emphasized manufacturing and accelerated a retreat from finance.The shares rallied Friday, reaching...

Date: 10/17/2015 | Business Wire


Petition assures House vote to revive Ex-Im Bank

WASHINGTON — Several dozen Republicans teamed up with Democrats Friday to assure a House vote on reviving the U.S. Export-Import Bank, giving the effort to save the bank new life more than three months after its charter lapsed.

Date: 10/09/2015 | Business Wire


New push could revive Ex-Im Bank

WASHINGTON — The federal Export-Import Bank is showing some signs of life.

Date: 10/07/2015 | Nation & World


Ex-Im Bank revival pushed, as GOP remains divided

WASHINGTON — House Majority Leader Kevin McCarthy, a candidate for speaker, is “strongly” discouraging lawmakers from signing on to a fellow Republican’s effort to force a vote to revive the U.S. Export-Import Bank, his spokesman said.

Date: 10/02/2015 | Nation & World


GE said to drop Dallas HQ over Ex-Im opposition

NEW YORK — General Electric Co. dropped the Dallas area as a site for a possible headquarters move because of concern that Texas’s political climate is unfavorable to the company’s business, people familiar with the matter said.

Date: 08/28/2015 | Business Wire


Nuclear deal has firms eyeing Iranian opportunities

DUBAI, United Arab Emirates — The nuclear deal is done. Now it’s time to talk business.While it will likely be months before sanctions on Iran ease, business and political leaders are wasting no time in trying to tap into a large and what they hope will be a lucrative Iranian market.

Date: 07/19/2015 | Business Wire


GE to move jobs overseas if Ex-Im Bank ends

WASHINGTON — General Electric Co. Chief Executive Officer Jeffrey Immelt threatened to move U.S. jobs overseas if Congress doesn’t reauthorize the Export-Import Bank’s charter, which expires at the end of June.

Date: 06/18/2015 | Business Wire


New ceramic a big boost for jet engines

NISKAYUNA, N.Y. — For nearly three decades Krishan Luthra stubbornly labored away in a General Electric research lab on a long-shot effort to cook up a new type of ceramic that few consumers will ever see or use.Now this obscure material, which is lightweight, strong...

Date: 05/16/2015 | Business Wire




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