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General Electric intends to allocate medical assets to a separate company and sell a stake in the oil service company Baker Highes. According to the American corporation, these steps will allow it to focus its efforts on such business areas as aviation, traditional and renewable energy. It is planned that GE Healthcare will be separated in the next 12-18 months, and the share in Baker Hughes will be sold in the next 2-3 years. The revenue of the GE medical unit, engaged in the production of diagnostic imaging equipment, amounted to 19 billion 110 million dollars in 2017, which exceeds 15% of the company's annual sales. General Electric expects that the net debt of industrial units by 2020 will be reduced to about $25 billion.
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
Asian share markets advanced on Wednesday as growing hopes about a coronavirus vaccine supported risk appetite. Meanwhile, the euro reached its four-month peak backed by the prospect of stimulus ahead of a crucial EU meeting. MSCI’s ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
Berkshire Hathaway Inc.’s (BRK.A, BRK.B) Chief Executive Officer Warren Buffett announced on Monday that its energy unit agreed to purchase the natural gas transmission and storage assets of utility company Dominion Energy Inc. (D.N) ...
BMW’s head of influential work council said that they must head toward a technology platform specifically for electric cars, moving away from only developing cars that can be refitted with either electric or combustion engines. "Only ...
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