Business / Corporate Feb 23, 2021
Toshiba in talks with GE to jointly produce wind power equipment
The Japanese firm has set a goal to expand its renewable energy business to ¥650 billion in fiscal 2030 from ¥190 billion in fiscal 2019.
Business Mar 3, 2020
Jack Welch, an iconic American businessman who built General Electric Co. into one of the world's industrial flagships, died Monday, the company said. He was 84. Dubbed the "manager of the century" by Fortune magazine in 1999, Welch transformed GE into a sprawling conglomerate during ...
Business / Corporate Dec 25, 2019
New Boeing CEO David Calhoun is hardened corporate crisis manager
Beleaguered Boeing Co. is putting its future in the hands of a turnaround veteran who has led several companies in crisis, cut his teeth at engine maker General Electric Co. and has spent a decade on the board of the world's largest plane-maker. Newly appointed ...
Business Jun 18, 2019
Boeing suffered a fresh setback on the opening of the Paris Airshow on Monday as its engine supplier announced a delay for the U.S. planemaker's all-new 777X jet while Airbus launched a rival plane aimed at the middle of the market. GE Aviation said it ...
Business May 29, 2019
France pledges to fight for plant where GE plans 1,044 job cuts
French Finance Minister Bruno Le Maire said on Tuesday he would fight to save jobs at a General Electric Co. (GE) factory in eastern France where more than 1,000 posts are threatened. GE earlier on Tuesday said it was considering ways to cut costs and ...
Business Apr 15, 2019
Resolution to U.S.-China trade war not too far away, GE boss Larry Culp says
U.S.-China relations will continue to evolve as negotiations stretch over the decades, but a resolution to the current trade dispute will likely happen in the "not too distant future," General Electric Co.'s Chief Executive Officer Larry Culp said. His comments came as Treasury Secretary Steven ...
Commentary / World Jan 18, 2019
What the fall of Sears and GE teaches us about capitalism
by Robert Samuelson
We pay a high price for economic flexibility, but benefit enormously from the rising living standards it produces.
Business Nov 9, 2018
Event marks completion of large 230,000 kW solar farm in Okayama Prefecture,
One of the largest solar power plants in the country has been built in Okayama Prefecture in a project joined by a unit of General Electric Co., with a ceremony held Friday to mark its completion. The facility, made up of about 900,000 solar panels ...
Business / Corporate Jul 7, 2017
GE and Canon risk fines as EU clamps down on merger violations
General Electric Co., Merck KGaA, Sigma-Aldrich Corp. and Canon Inc. are the latest companies to risk hefty penalties as the European Commission clamps down on violations of its merger approval procedures. Months after the EU fined Facebook $125 million for giving misleading information during a ...
Asia Pacific Jun 28, 2016
North Korea fitting U.S.-made machine guns to patrol boats, report says
North Korea is fitting U.S.-made machine guns to its large fleet of border patrol boats, leaving Washington scrambling to work out how it obtained them, South Korea's Yonhap news agency said Tuesday, citing unnamed military sources. It said the cannons are thought to be 12.7 ...
Business / Tech Oct 6, 2015
Robotics rivalry in gear as Japan aims to lead fourth industrial revolution
by Michio Watanabe
Japan is set to accelerate its development of robots to secure a lead over rival nations, including the United States and Germany, as a new industrial revolution beckons. The world is "on the threshold of the fourth industrial revolution, a paradigm shift caused by robotics ...