GE will buy the outstanding shares from those owned by Elliott Management and the Polygon Investment Group. On Wednesday, GE disclosed it will increase its stake in Arcam AB, a Swedish 3D printer maker, to more than 90%, from 77%…. Read More ›
General Electric
Schlumberger NV betting big money on oil and gas projects
Its new business model involves the company in decision making capacptity throughout the oilfield management supply chain, thus sparking interest in its rivals who are wondering whether to follow suit. In a significant development, Schlumberger NV, the world’s largest oilfield… Read More ›
GE resumes talks with ABB over divesting its non-core industrial assets
The likelihood of a deal taking place is higher at this time since GE has lowered its expected selling price to around $2 billion, from its earlier $3 billion plus. As per sources familiar with the matter at hand, GE… Read More ›
GE CEO’s $2.7 million GE stock purchase underscores his confidence in the company
John Flannery is pushing to improve Ge’s overall profitability. The move highlights his confidence in the company’s future. As per a regulatory filing, John Flannery, General Electric Co’s new CEO has been buying nearly $2.7 million in GE stock in… Read More ›
Halliburton in advanced talks to acquire Summit ESP Inc
The U.S. No. 2 oil producer is looking to fill a gap in its artificial lift business. According to sources familiar with the matter at hand, U.S. oil giant Halliburton Co is said to be in the midst of advanced… Read More ›
GE could potentially prop up Nigeria’s oil assets
The development has manifold potential for Nigeria – not only will it substantially slash its oil import bill but it could also strengthen its creaking power grid. In a strategic move aimed at recouping sunken cost in Nigeria’s oil refineries,… Read More ›
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