Business, Equipment, Logistics

GE to Cut 575 Jobs at Century-Old Locomotive Plant

General Electric Co. plans to end most locomotive manufacturing at a century-old Pennsylvania factory as the company looks to cut costs amid a sharp downturn in the domestic rail market.

Rick Clough | Bloomberg News
July 31, 2017
Business

GE Creates $32 Billion Oil-Services Giant With Baker Hughes Deal

General Electric Co. is creating a $32 billion oil business by combining its petroleum-related operations with Baker Hughes Inc., betting on a rebound for an industry mired by a historic slump in crude prices.

Rick Clough | Bloomberg News
October 31, 2016