FAIRFIELD, Conn. (AP) — General Electric is reporting larger profits in the second quarter as orders and backlog both improved for the Connecticut-based company. The industrial segment’s operating profit, which is its primary focus with […]
GE recently announced it would sell most of GE Capital over the next two years for about $26.5 billion.
HARTFORD, Conn. (AP) _ Labor unions and advocacy organizations are challenging General Electric Co.’s warning that it might leave the state if Connecticut enacts a new, two-year state budget that increases various business-related taxes. The […]
The chief executive officer of General Electric Co. has told employees the company has begun looking at the possibility of relocating its Fairfield headquarters in response to the Connecticut legislature’s adoption of a two-year budget that again raises business taxes.
HARTFORD, Conn. (AP) – Connecticut’s Senate president says he believes General Electric may be using the just-passed state budget as “cover” for layoffs the company has been planning. Martin Looney made his comment Thursday morning, […]
STORRS, Conn. (AP) _ The chief executive officer of General Electric Co. will receive an honorary degree and be keynote speaker at the University of Connecticut’s commencement in May. Jeffrey Immelt will receive an honorary […]
GE Aviation has abandoned efforts to keep alive development of its alternative engine for the F-35 Joint Strike Fighter. The move leaves East Hartford-based Pratt & Whitney as the sole supplier.
The House Armed Services Subcommittee has voted to require the Pentagon to re-open its engine competition if it asks for more money for the engine for the F-35 fighter. Pratt & Whitney is the current engine supplier.
In a victory for East Hartford-based Pratt Whitney Aircraft, which makes the main engine for the military’s F-35 fighter, the Pentagon has notified General Electric that it has terminated GE’s contract for an alternative engine.
The Defense Department has ordered a stop to work on an alternate engine for the military Joint Strike fighter. Pratt & Whitney Aircraft is the engine’s primary supplier.