General Electric

COVID-19 double-edged sword for health care innovation

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. 

GE hammered by steep declines in jet-engine business

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 venture to build more Airbus engines to help offset Max shutdown

General Electric Co. and France’s Safran SA have struck a deal to increase production of engines for Airbus SE’s rival to the 737 MAX, helping the pair deal with Boeing Co.’s production halt of its embattled plane, according to people familiar with the matter.