Thousands of people will be able to be in the same room while running internet apps on their mobile devices without experiencing any delays.
General Electric’s revenue fell 12% to $17.1 billion, reflecting a 28% decline in its aviation unit and a 9% drop in its healthcare unit after selling off part of the business.
General Electric CEO Larry Clup uses AerCap in company's long makeover.
Co-conspirators including a GE engineer pitched their startup to Chinese investors, the Department of Justice said.
The plane was a 15-year-old 777-300ER with General Electric engines
The manufacturing conglomerate's shares rose 4.8% as it reported free cash flow from industrial operations of $4.37 billion, GE said.
Mr. Immelt didn't receive any severance when he left GE in the middle of 2017, a year when his compensation totaled $8.1 million. He received $21.3 million in compensation in 2016, his last full year as chairman and CEO.
General Electric is ramping up its efforts to decarbonize the power sector.
According to General Electric's 2020 Global Innovation Barometer, business leaders believe innovation is both crucial to addressing the world's challenges caused by COVID-19 and under threat due to the pandemic itself.
The app is expected to undergo a three-month trial at the Albany airport before a brainstorming session on how to improve it or expand its scope.
General Electric Co. on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares 10% higher.
Uber and GE announced a new partnership Wednesday to transform the world through aerial ridesharing on the largescale, as the aviation industry is reimagined for the post-pandemic era.
Former General Electric CEO Jeff Immelt has dropped $1 million on 70,000 shares of Bloom Energy at an average share price of $14.86, according to an Securities and Exchange Commission filing on August 14.
The aviation business, once a profit engine for GE, swung to a loss in the June quarter as both revenue and orders plunged. The unit produces engines for Boeing Co. and Airbus SE planes but has had to cut production and jobs as airlines delay orders.
GE is 128 years old but the most interesting CEOs have been the last four.
GE Aviation has approximately 52,000 employees worldwide.
The Boston-based conglomerate earned $6.16 billion, or 72 cents a share, as total revenues fell 8 percent to $20.52 billion.
General Electric Co entered into a revolving credit agreement for $15 billion, according to a regulatory filing on Monday.
GE's healthcare business says it has already doubled ventilator production.
'His legacy will be all about leadership and accountability.'