John Flannery

French labor unions on Jan. 22 said U.S.-based General Electric (GE) will cut 468 jobs at its units in France, including some staff at Alstom Power Systems (APS). GE confirmed to Agence France Press (AFP), a French news service, that talks with its unions on staff reductions are underway. The unions said 229 jobs would […]

General Electric (GE) saw its stock price surge more than 7% on June 26 after the company said it would dissolve its stake in oil services company Baker Hughes and spin off its healthcare unit over the next few years. The announcement comes one day after GE said it would sell its Distributed Power business, […]

A report from Barclays Plc said Mitsubishi Hitachi Power Systems (MHPS) received more than half of all global orders for gas-fueled turbines in the first quarter of 2018, the company’s best-ever performance in a market that has seen traditional gas turbine manufacturers struggle in recent months. The market report from the London, UK-based multinational investment […]

Less than a week after GE struck a $2.6 billion deal with ABB for GE’s electrification business, GE Power completed the $3.4 billion sale of its lucrative water and process technologies division to multinational water management firm SUEZ. The sale of GE Water & Process Technologies, a systems and services provider of water, wastewater and […]