Why GE Is Betting On Wind Energy For Its Future


General Electric (GE) caught some investors by surprise with its announcement that the “GE of the future” will include renewable energy ‘ Aviation,

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General Electric (GE) caught some investors by surprise with its announcement that the “GE of the future” will include renewable energy, in addition to power and aviation.

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The decision was a reversal from November 2017, when reports arose that a post-restructuring GE would focus on power, aviation and health‘ its three biggest industrial segments in terms of revenue and profit.

Morningstar equity analyst Joshua Aguilar considers the decision last month to keep renewable energy instead of health to be “a bit of a pivot,” but one that actually makes sense.

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  • Publisher: Investor's Business Daily
  • Date: 2018-07-10T08:40:10-07:00
  • Author: pages Aparna Narayanan 1540664736146509
  • Twitter: @IBDinvestors
  • Citation: Web link

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Many things are taking place:

The Big Threat To GE Aviation Isn’t Corporate Breakup –

When General Electric announced what amounts to a corporate breakup on June 26, it came as little surprise that one business management wants to hold onto is GE Aviation. The press release describing the new strategy said that Aviation’s jet and turboprop engines share similar technology with power systems and wind turbines, and thus that the three business lines together can provide the nucleus for a smaller, more manageable enterprise.

Well maybe, but Aviation clearly is the biggest prize in GE’s portfolio — a business that could just as easily have been spun off as a free-standing enterprise the way GE Healthcare will be. Aviation’s LEAP replacement of its highly successful CFM-56 turbofan is the fastest-growing narrowbody engine in history. The unit has a diverse military portfolio. Revenues have grown steadily since the beginning of the decade, and the unit’s profit margin last year was a respectable 24%.

  • Publisher: Forbes
  • Date: 2018-07-02
  • Author: Loren Thompson
  • Twitter: @forbes
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GE will spin off its healthcare business and split from oil giant Baker Hughes in a massive reorganization

General Electric said on Tuesday that it will spin off its healthcare business and divest its stake in oil-services company Baker Hughes as part of a sweeping corporation reorganization.

The company is making these moves in order to focus on aviation, power, and renewable energy, according to a statement. The announcement comes on the heels of a lengthy managerial review conducted by GE management, including newly appointed chief executive officer John Flannery.

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  • Publisher: Connecticut Post
  • Date: 2018-06-26T12:55:25Z
  • Twitter: @ConnPost
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General Electric plans healthcare and oilfield services spin-off

General Electric is to spin off its healthcare division and exit its oilfield service business in the most significant divestments since it began a turnaround plan last year.

The industrials group will narrow its focus to aviation, power and renewable energy as it tries to cut debt, reduce costs and improve profit.

GE has struggled because of bad bets made before the financial crisis. It overexpanded through a series of acquisitions that are now being unwound by Jeff Flannery, who was appointed as chief executive about a year ago.

The company emerged from Thomas Edison’s lightbulb business, which was founded in 1878, to become America’s largest company at one point. Mr Flannery warned in January that the company could eventually be broken up after a…

  • Author: James Dean US Business Editor
  • Citation: Web link

US-China Trade War: How We Got Here

And they are not working, rather consciously, fully within the framework of the World Trade Organization. The big cases’the 301 versus China, the (coming?) 232 versus autos’are being pursued through U.S. law, and they will be subject to a challenge in the WTO. An alternative strategy’challenging China in the WTO for violation of its WTO commitments’hasn’t been the administration’s focus.
Break.
And I think there are three papers that constitute essential reading for understanding the Administration’s choices.
All three articles are informed by a sense of disappointment that China’s WTO accession didn’t do more to transform the rules of the game inside China’s own market

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  • Publisher: Council on Foreign Relations
  • Twitter: @CFR_org
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