FILE PHOTO: The General Electric Co. logo is displayed in the company’s headquarters building in Boston, Massachusetts, US July 23, 2019. Image taken July 23, 2019. REUTERS / Alwyn Scott (Reuters) – General Electric Co (GE.N) said it had valued two new agreements worth more than $ 1.2 billion with …
Read More »GE will sell its stake in Baker Hughes in the next 3 years
General Electric Co. GE, + 2.68% said Wednesday, reporting the second quarter results, that it is launching a program to fully monetize its ownership position in oil services company Baker Hughes Co. BKR, -2.81% for about three years. GE revealed Wednesday that it owned 377.4 million Baker Hughes shares, which …
Read More »Boeing killed its 747 Jumbo Jet. This is why.
Text size Photograph by KAMIL KRZACZYNSKI / AFP via Getty Images Bloomberg reported Thursday that defense and aerospace business giant Boeing is unplugging its iconic double-decker 747 jumbo jet. It is a decision that has taken a long time to arrive. But it is not a surprise. The move was …
Read More »Germany is the first major economy to phase out coal and nuclear power
German lawmakers passed new legislation ending the long-awaited removal of coal from the country, due to objections from environmental groups, the plan is not ambitious enough By FRANK JORDANS Associated Press July 3, 2020, 3:53 PM 4 min read Share on FacebookShare on TwitterEmail this article BERLIN – German lawmakers …
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