General electric news

Here are some recent news articles and updates about General Electric (GE):

Recent News

  1. GE to spin off healthcare business: In February 2023, GE announced plans to spin off its healthcare business, GE Healthcare, into a separate publicly traded company. The move is expected to be completed by the end of 2023. (Source: CNBC)
  2. GE to sell stake in Baker Hughes: In January 2023, GE agreed to sell a 19.9% stake in Baker Hughes, a leading oilfield services company, to the French energy company, TotalEnergies. The deal is valued at $5.4 billion. (Source: Reuters)
  3. GE to invest in renewable energy: In December 2022, GE announced plans to invest $2 billion in renewable energy projects over the next five years, including wind and solar power. The company aims to reduce its carbon footprint and support the transition to a low-carbon economy. (Source: Bloomberg)

Recent Financial Results

  1. GE reports Q4 2022 earnings: In January 2023, GE reported its Q4 2022 earnings, which showed a net loss of $1.1 billion, or $0.15 per share. The company's revenue declined 4% year-over-year to $18.8 billion. (Source: GE's Q4 2022 Earnings Release)
  2. GE's 2022 revenue declines 3%: In January 2023, GE reported its full-year 2022 revenue, which declined 3% year-over-year to $74.5 billion. The company's net loss for the year was $2.9 billion, or $0.39 per share. (Source: GE's 2022 Annual Report)

Recent Awards and Recognition

  1. GE wins contract to supply wind turbines to India: In December 2022, GE announced that it had won a contract to supply 100 wind turbines to the Indian state of Gujarat. The project is valued at $100 million. (Source: GE's Press Release)
  2. GE named one of the world's most innovative companies: In November 2022, GE was named one of the world's most innovative companies by Forbes magazine. The company was recognized for its work in areas such as artificial intelligence, robotics, and renewable energy. (Source: Forbes)

I hope this information is helpful!