25 result(s) displayed (1 - 25 of 26):
With General Electric Co. (NYSE:GE) nearing a sale of its GE Security Inc. unit to United Technologies Corp. (NYSE:UTX), according to Bloomberg, it's worth drawing a contrast with another security unit that has recently made news in the deal world: the Stanley Security Solutions unit of Stanley Works (NYSE:SWK). It...
Posted on November 11, 2009 12:48 PM
In a conference call Monday on Dell Inc.'s (NASDAQ:DELL) acquisition of Perot Systems Corp. (NYSE:PER) for about $3.9 billion, CEO Michael Dell said something that took us by surprise, and also reminded us of a couple of lessons we never seem to tire of relearning.The surprise was that David Johnson,...
Posted on September 22, 2009 12:33 PM
General Electric Co. (NYSE:GE) said Tuesday it intends to dissolve its joint venture with Japan's Fanuc Ltd. by the end of the year as a result of changes in the two companies' focuses. The two companies formed GE Fanuc Automation in 1986 to supply hardware and software services, automation and...
Posted on August 18, 2009 2:40 PM
GE Healthcare, a subsidiary of General Electric Co. (NYSE:GE), and Fujifilm Corp. (NASDAQ:FUJI) have announced a strategic alliance to develop biomolecular imaging systems. Fujifilm will supply image analyzing systems for bioscience research, and GE Healthcare will market and sell them under the GE brand. The companies will also collaborate to...
Posted on May 29, 2009 11:44 AM
Last July, when the NBC-Universal unit of General Electric Co. (NYSE:GE) teamed up with Blackstone Group LP and Bain Capital LLC, we wondered about GE's reasons for bringing in the private equity partners.Not having devoted much attention to the topic since then, we're still wondering. But as of Wednesday, we're...
Posted on May 6, 2009 1:38 PM
General Electric Co. (NYSE:GE) chief executive Jeff Immelt spent Tuesday in Louisville, Ky., meeting with executives at the company's consumer and industrial unit. The meeting was part of Immelt's annual review of the unit, known to locals as Appliance Park. But given GE's unsuccessful efforts in the past year to...
Posted on April 29, 2009 4:30 PM
There's plenty to parse in a quarterly earnings release from General Electric Co. (NYSE:GE). The headline for the company's first-quarter results, released on Friday, was the 35% profit drop on a 9% decline in revenue, to $38.4 billion, comparatively good news, since it was less than analysts had expected. Bloomberg...
Posted on April 17, 2009 12:28 PM
We're playing catch-up here, with a little help from CFO.com, on the several dividend cuts announced Monday. Coming on the heels of the General Electric Co. (NYSE:GE) cut announced Friday were cuts by two banks (PNC Financial Services Group Inc. [NYSE:PNC] and HSBC Holdings plc) and International Paper Co. (NYSE:IP),...
Posted on March 3, 2009 5:28 PM
The board at Procter & Gamble Co. is definitely pleased with how P&G's 2005 purchase of Gillette for $54 billion is turning out. A Wednesday report in the Dayton Business Journal, citing SEC filings, says the board is awarding CEO A.G. Lafley (pictured) a $3.5 million bonus for his work...
Posted on February 18, 2009 10:31 AM
President Obama introduced his Economic Recovery Advisory Board Friday morning. Chaired by former Fed Chairman Paul Volcker, the group is intended to give the president independent, real-world advice about the economy. As we've come to expect from this president, the board is packed with big names -- in this case,...
Posted on February 6, 2009 11:23 AM
There's still plenty of money over there in China, and some ambitious manufacturing companies with obvious strategic needs. So lately, whenever a U.S. company needs to sell something big, Chinese buyers feature prominently on the list of prospects.That was the case for General Electric Co.'s appliance division, for example. But...
Posted on January 29, 2009 2:28 PM
File it under "not surprising, but useful to know."In the course of a mostly downbeat earnings report for Johnson & Johnson on Tuesday -- the company expects a decline in revenue for 2009, highly unusual in the healthcare sector -- CEO William Weldon said the company anticipates that the recession...
Posted on January 21, 2009 9:37 AM
Sometimes the best thing to do is sit tight. That's the call General Electric Co. made after seven months of shopping its appliances division to buyers around the world while also laying alternate plans to spin off the whole commercial and industrial division of which it is part. A GE...
Posted on December 17, 2008 4:30 PM
Regular visitors to this site may recall that in September we launched a survey to identify the Most Admired Corporate Dealmakers in three key industry sectors: healthcare, information technology and industrial. Well, despite a few minor distractions in the financial markets since then, The Deal's readers came through for us and identified the companies doing the best work in M&A in those...
Posted on November 12, 2008 4:48 PM
Now that's a stimulus package.China said Sunday it will spend $586 billion through 2010 (nearly 16% of last year's GDP, The Wall Street Journal reported) to keep its economy growing above the 8% rate it considers necessary to keep unemployment at bay and the country's transformation rolling forward.Though it's apparently...
Posted on November 10, 2008 10:46 AM
There's all kinds of excitement in Beijing this month. We're seeing records that won't be equaled for a long time--in swimming, in track and field, and maybe in corporate synergy as well. An obvious winner is General Electric Co.'s NBC Universal unit, which paid $894 million for U.S. television rights...
Posted on August 18, 2008 12:53 PM
It's one of the most fundamental questions a strategist has to answer. You can see it writ large in Paul La Monica's column on CNNMoney.com, where he writes about Wall Street pressure on General Electric Co., Citigroup Inc., American International Group Inc. and other big companies to split up. And...
Posted on August 8, 2008 1:11 PM
When General Electric Co. CEO Jeff Immelt put the company's appliance unit on the block two months ago, he also held out the possibility of a spinoff to shareholders. Thursday he said GE plans to spin off the entire commercial and industrial group to shareholders -- though he remains open...
Posted on July 10, 2008 4:02 PM
General Electric Co. buys Walter Group, a small Czech turboprop maker, to round out its aircraft engine line and go after archrival Pratt & Whitney in a segment of the business it currently dominates. The story in Thursday's WSJ (subscription required) serves up as neat an example as you'd like...
Posted on July 3, 2008 1:12 PM
Total Asian M&A volume was up 4% for the first half of the year, to $387.3 billion, a sharp contrast with trends elsewhere. And outbound acquisitions by Asian companies were up 21%, according to Dealogic as cited in a Dow Jones report.It's no secret by now that companies across Asia...
Posted on June 30, 2008 11:38 AM
We got a thoughtful comment on Monday's post about the prospects for i-bankers making the transition to corporate development work. The gist of it is that for both cultural and compensation issues, it's a lot easier for junior people to make the switch.That fits with our own reporting, both in...
Posted on June 24, 2008 12:50 PM
As Treasury Secretary Henry Paulson and many other officials were about to gather for the fourth installment of the U.S.-Chinese Strategic Economic Dialogue, which got underway Tuesday in Annapolis, Md., the two sides announced a slew of trade deals meant to show that China is buying things from the U.S....
Posted on June 17, 2008 1:58 PM
The FT Tuesday morning gives us a little more detail on the interest of China's Qindao Haier Co. Ltd. in General Electric Co.'s appliance unit. As we noted previously, the sellers -- starting with CEO Jeff Immelt -- are doing a good job of fanning interest in this sale.The FT...
Posted on June 10, 2008 11:20 AM
South Korea's LG Electronics Inc. is denying rumors that it has been approached by Sweden's Electrolux AB regarding a joint bid for General Electric Co.'s home appliances unit. On May 15, General Electric Co. said it would sell or divest its Louisville, Ky.-based appliance business. LG is said to be...
Posted on June 2, 2008 12:18 PM
There are divestitures, believe it or not, that the selling company prefers to conduct on the down-low. Why panic the rank and file employees, the thinking goes, or create a situation where the press is demanding updates and you won't have anything to say for months? And then there is...
Posted on May 28, 2008 12:14 PM
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