Shipbuilder HII has settled claims against General Electric Co. that one of its units produced faulty propulsion gears for the USS Gerald R. Ford, the US’s costliest warship, that hobbled the vessel eight months after it was delivered, the companies …
WASHINGTON/CHICAGO — General Electric Co has agreed to pay a $200 million penalty to settle charges for misleading investors over how it was generating earnings in its power and insurance businesses, the U.S. Securities and Exchange Commission said on Wednesday. …
General Electric Co. has “very high” exposure to the long-term care insurance market and is worse than average when it comes to the adequacy of reserves tied to those policies, according to Fitch Ratings. Genworth Financial Inc., which was spun …
About the photo: Fan blades of a Rolls Royce Holdings Plc Trent 1000 engine are seen on a Boeing Co. 787 Dreamliner test aircraft at the Paris Air Show in Paris, France. Photographer: Fabrice Dimier/Bloomberg Rolls-Royce Holdings Plc said it …
General Electric Co said on Thursday it is investigating a second failure of a new-generation GEnx jet engine after a Boeing Co -built 747-8 freighter aircraft had to abort a takeoff in Shanghai late Tuesday. GE spokesman Rick Kennedy said …
The U.S. National Transportation Safety Board said on Wednesday that the failure of a General Electric Co jet engine on a Boeing Co 787 Dreamliner last month was a contained incident of the sort that does not normally pose an …