Content about General Electric

September 8, 2014

Electrolux has entered into an agreement to acquire the appliances business of General Electric, one of the leading manufacturers of kitchen and laundry products in the United States, for a cash consideration of $3.3 billion.

Electrolux has entered into an agreement to acquire the appliances business of General Electric, one of the leading manufacturers of kitchen and laundry products in the United States, for a cash consideration of $3.3 billion.

September 8, 2014

Electrolux has entered into an agreement to acquire the appliances business of General Electric, one of the leading manufacturers of kitchen and laundry products in the United States, for a cash consideration of $3.3 billion.

Electrolux has entered into an agreement to acquire the appliances business of General Electric, one of the leading manufacturers of kitchen and laundry products in the United States, for a cash consideration of $3.3 billion.

July 11, 2014

GE Capital is providing MerchSource with a $130 million senior credit facility providing working capital for the company’s operations in the U.S. and Hong Kong.

GE Capital is providing MerchSource with a $130 million senior credit facility providing working capital for the company’s operations in the U.S. and Hong Kong.
 
MerchSource, headquartered in Irvine, California, ideates, designs, develops and distributes a variety of consumer products in categories including electronics, toys, home décor, household accessories and pet supplies. Its products are sold in retailers such as Bed Bath & Beyond, CVS, Kohl’s, Macy’s, Target, Walgreens and Wal-Mart.
 

June 10, 2014

Target has bolstered its digital security efforts with the appointment of former General Motors and General Electric executive Brad Maiorino to the newly created role of SVP and chief information security officer.

Target has bolstered its digital security efforts with the appointment of former General Motors and General Electric executive Brad Maiorino to the newly created role of SVP and chief information security officer.

May 21, 2014

Bad weather for retail dampened sales at Lowe's, but earnings surged well into the double digits for the first quarter, the company announced Wednesday morning.

Bad weather for retail dampened sales at Lowe's, but earnings surged well into the double digits for the first quarter, the company announced Wednesday morning.

Lowe's sales increased 2.4% in the first quarter, rising to $13.4 billion. Comparable-store sales increased 0.9%.

The Mooresville, North Carolina-based retail giant reported a net earnings surge of 15.6% to $624 million for the quarter ended May 2.

April 9, 2014

First it was signage and then came the freezer case and parking lots. Now Walmart and GE are moving forward with their biggest lighting initiative to date.

First it was signage and then came the freezer case and parking lots. Now Walmart and GE are moving forward with their biggest lighting initiative to date.

The companies announced plans to use GE LED lights in ceiling fixtures in hundreds of stores throughout the U.S., Asia, Latin Amerian and the United Kingdom. The new fixtures use 40% less energy than traditional overhead lighting systems and move Walmart forward on its goal of reducing energy required to power its buildings globally by 20% by 2020. It is Walmart’s largest purchase of GE LED lighting to date.

April 2, 2014

Arysta LifeScience president and CEO Wayne Hewett will stand for election to The Home Depot’s board of directors when current director Bonnie Hill steps down.

Arysta LifeScience president and CEO Wayne Hewett will stand for election to The Home Depot’s board of directors when current director Bonnie Hill steps down.

March 31, 2014

Toy maker Jakks Pacific secured a $75 million credit facility from GE Capital.

Toy maker Jakks Pacific secured a $75 million credit facility from GE Capital.

The nine year old company based in Malibu, Calif., plans to use proceeds for working capital, capital expenditures and general corporate purposes as needed.

March 18, 2014

GE has appointed Charles Nugent as VP, manufacturing, for GE Oil & Gas, reporting to Lorenzo Simonelli, SVP and CEO of GE Oil & Gas.

GE has appointed Charles Nugent as VP, manufacturing, for GE Oil & Gas, reporting to Lorenzo Simonelli, SVP and CEO of GE Oil & Gas.

GE has 192 officers globally who lead large revenue-generating businesses or are in critical technology or functional roles, charged with helping to drive growth.

Nugent has been with the company for 30 years, holding a number of leadership roles in plant management and operations with GE Aviation. Most recently, he served as senior executive of product management at GE Aviation.

January 3, 2014

GE has launched a sweepstakes featuring its Dalmatian mascot, Artie, giving participants a chance to win a GE Artistry Series suite. The sweepstakes, which ends Tuesday, Jan. 7, is hosted on the manufacturer’s website and is designed to introduce Millennials to the brand.

GE has launched a sweepstakes featuring its Dalmatian mascot, Artie, giving participants a chance to win a GE Artistry Series suite. The sweepstakes, which ends Tuesday, Jan. 7, is hosted on the manufacturer’s website and is designed to introduce Millennials to the brand.

December 12, 2013

The Coca-Cola Company’s board of directors has named Ed Steinike as a senior VP and Robert J. Jordan Jr. as a VP. Jordan will succeed William D. Hawkins III as general tax counsel, who announced his intention to retire in March 2014 after 15 years of service with the company.

The Coca-Cola Company’s board of directors has named Ed Steinike as a senior VP and Robert J. Jordan Jr. as a VP. Jordan will succeed William D. Hawkins III as general tax counsel, who announced his intention to retire in March 2014 after 15 years of service with the company.

December 11, 2013

RadioShack has completed a new financing totaling $835 million. That figure includes a $535 million credit facility led by GE Capital, Corporate Retail Finance and a $250 million secured term loan led by Salus Capital Partners.

RadioShack has completed a new financing totaling $835 million. That figure includes a $535 million credit facility led by GE Capital, Corporate Retail Finance and a $250 million secured term loan led by Salus Capital Partners.  

October 3, 2013

Walmart was an early proponent of compact fluorescent light bulbs and now, thanks to a collaboration with GE, it plans to introduce low cost LED light bulbs under its Great Value store brand.

Walmart was an early proponent of compact fluorescent light bulbs and now, thanks to a collaboration with GE, it plans to introduce low cost LED light bulbs under its Great Value store brand.

September 3, 2013

Lowe’s has appointed Michael P. McDermott to the newly created position of SVP and general merchandising manager-building and maintenance.

Lowe’s has appointed Michael P. McDermott to the newly created position of SVP and general merchandising manager-building and maintenance.

McDermott will be responsible for the Lumber & Building Materials, Millwork, Hardware & Tools and Rough Plumbing & Electrical divisions. He will report to chief merchandising officer Michael A. Jones.

August 20, 2013

GE is leveraging social media as part of its Reimagining Home brand campaign, and holding a contest on its Tumblr page.

LOUISVILLE, Ky. — GE is leveraging social media as part of its Reimagining Home brand campaign, and holding a contest on its Tumblr page.

The brand is inviting consumers to submit their best cooking failure story to its Cooking Fail Redemption Tumblr page for a chance at redemption at GE’s headquarters, where the winner will re-create the same dish under the guidance of Chef Jeffrey Saad. Saad hosts United Tastes of America on the Cooking Channel. 

July 12, 2013

GE Capital Retail Bank’s second annual Major Purchase Shopper Study has found that a growing number of consumers extensively research and compare prices and financing offers before making major purchases.

STAMFORD, Conn. — GE Capital Retail Bank’s second annual Major Purchase Shopper Study has found that a growing number of consumers extensively research and compare prices and financing offers before making major purchases.

June 17, 2013

STAMFORD, Conn. — With the housing market rebounding and home improvement on the upswing, GE Capital Retail Bank is looking to help contractors with a new business-building program called “Think Outside the Toolbox.”

May 20, 2013

Speaking to the collected body of Do it Best Dealers during the co-op's Merchandising Market Preview here, Steve Markley described light bulbs as a high-interest, high-reward category.

INDIANAPOLIS — Speaking to the collected body of Do it Best Dealers during the co-op's Merchandising Market Preview here, Steve Markley described light bulbs as a high-interest, high-reward category. 

He encouraged dealers to visit the GE booth, as well as that of new vendor TCP. Vendors and Do it Best executives say that as more options -- and more questions -- hit the light bulb category, the more the hardware store format will benefit. If they have the right products and the right product knowledge, light bulbs can result in big gains. 

April 16, 2013

Assurant Solutions, a leading provider of extended protection programs and services, has appointed Jeff Unterreiner as SVP of its extended protection solutions business.

Assurant Solutions, a leading provider of extended protection programs and services, has appointed Jeff Unterreiner as SVP of its extended protection solutions business. 

Unterreiner now has overall management responsibilities for the company’s extended service contract and vehicle service contract business. 

March 11, 2013

The board of directors of the General Electric Company nominated former Securities and Exchange Commission chairman Mary Schapiro to serve on its board.

The board of directors of the General Electric Company nominated former Securities and Exchange Commission chairman Mary Schapiro to serve on its board.

Schapiro will stand for election at GE’s annual meeting on April 24, the company said.

February 13, 2013

GE Capital Retail Bank, a consumer lending unit of General Electric Company (GE), has renewed its private label credit card program with JCPenney.

STAMFORD, Conn. -- GE Capital Retail Bank, a consumer lending unit of General Electric Company (GE), has renewed its private label credit card program with JCPenney.

The JCP consumer card program provides credit to millions of consumers who shop at more than 1,100 JCPenney stores in communities across the United States and Puerto Rico, as well as online at JCP.com. 

December 4, 2012

Home Depot has added Samsung to its portfolio of leading appliance brands, which already includes Whirlpool, LG, GE, GE Profile, Maytag, Frigidaire, Electrolux and Adora.

ATLANTA — Home Depot has added Samsung to its portfolio of leading appliance brands, which already includes Whirlpool, LG, GE, GE Profile, Maytag, Frigidaire, Electrolux and Adora.

The home improvement retailer will carry Samsung appliances at its more than 2,000 stores nationwide and online beginning Sunday, December 9.

November 5, 2012

In response to Hurricane Sandy, GE today gave $1.1 million to support relief and recovery efforts throughout the Northeast of the United States.

FAIRFIELD, Conn. — In response to Hurricane Sandy, GE today gave $1.1 million to support relief and recovery efforts throughout the Northeast of the United States. One million dollars was given to the American Red Cross Disaster Relief Fund. The additional $100,000 dollars was given to the United Way of America for them to direct to local communities where they determine the need is greatest.

October 18, 2012

GE's Brillion-enabled products have made their retail debut at Sears.

LOUISVILLE, Ky. — GE's Brillion-enabled products have made their retail debut at Sears.

Starting Thursday, more than 100 Sears stores in the Northeast will offer the GE Get Connected Starter Kit, plus the GE programmable thermostat and GE’s award-winning GeoSpring Hybrid Water Heater, all with Brillion technology, in one location.

October 8, 2012

GE Lighting has named John Strainic, a leader with a as head of the business’s North America Consumer Lighting operation.

EAST CLEVELAND, Ohio — GE Lighting has named John Strainic, a leader with a as head of the business’s North America Consumer Lighting operation. In this newly created role, Strainic will be responsible for driving growth for GE Lighting’s North America consumer business.