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 ...
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 ...
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 ...
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 ...
What the fall of Sears and GE teaches us about capitalism
We pay a high price for economic flexibility, but benefit enormously from the rising living standards it produces.
Robotics rivalry in gear as Japan aims to lead fourth industrial revolution
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 ...
Mitsui, GE sign cost-cutting mining pact as prices tumble
Mitsui & Co., Japan's largest trader of iron ore and oil, will partner with General Electric Co. in exploring ways to cut costs on mining operations amid the decline in commodity prices. The initial accord will also study potential cooperation on increasing efficiencies and improving ...
GE reportedly to seek first bids for Japan leasing unit in late August
General Electric Co. will seek initial bids for its Japanese leasing business in late August, according to sources with knowledge of the situation. GE will distribute documents with information on the business to potential bidders later this month, the sources said, asking not to be ...
Looming U.S. Ex-Im halt has exporters, from Boeing to GE to Caterpillar, groping to save deals
U.S. exporters large and small scrambled on Tuesday to urge foreign customers not to abandon deals supported by the U.S. Export-Import Bank, which will be forced to halt new business at midnight as its charter expires. There are about 195 pending transactions still in its ...
Boeing bests Airbus, bags $18 billion in jet orders, commitments at start of Paris Air Show
Boeing Co. grabbed an early lead in orders and commitments at the Paris Air Show over Airbus Group SE, piling up a haul valued at almost $18 billion with help from a surprise surge in wide-body demand. Airbus's first-day tally was $15 billion, according to ...
General Electric Co., sitting atop a record backlog of more than 15,000 engines, is prodding suppliers to be sure they can handle production that's poised to surge to the fastest ever. The efforts include periodically boosting demand on various parts makers to prepare for a ...
Resurgent Hitachi goes global after painful reforms
In February, Hitachi Ltd., the nation's largest maker of electric equipment and infrastructure systems, splurged on one of its priciest acquisitions. The target was the railway vehicle and signal businesses of Italy's Finmeccanica S.p.A., a deal estimated at over ¥250 billion. The move was in ...
