I had the opportunity to be part of that meeting in California as the CEO of Cree, one of the LED companies that hosted the event. I was convinced at the time that the future would be lit with LEDs,…
I had the opportunity to be part of that meeting in California as the CEO of Cree, one of the LED companies that hosted the event. I was convinced at the time that the future would be lit with LEDs,…
Macy’s celebrates the launch of its innovative and smaller format retail store, Market by Macy’s, now open at Southlake Town Square, a lifestyle shopping center in Southlake, TX. Consistent with Macy’s test, learn and innovate approach, Market by Macy’s partnered with…
The smart LED street light project ongoing in San Diego has likely now stretched to 4000 poles. The lights are networked using a relatively lower-speed scheme for on/off and dimming controls, but the city also mounts a smart network node…
With high hopes for the cannabis market, GE’s former lighting company Current has struck a distribution deal with Hort Americas to sell Current’s latest LED grow light. Now the distribution deal with Fort Worth, TX-based Hort Americas marks the light’s…
What will offices be like in the future? Current by GE and Osram provided some insights about how offices evolve with technology and noted that connectivity and smart lighting might be the fundamental infrastructure for setting up the future offices.…
In the beginning of 2019, GE Lighting announced that it is deepening its C by GE portfolio which features hub-free IoT smart lighting with Google Assistant control. The Made-for-Google products are able to connect with Google’s system and be controlled…
Jack Welch built it, Jeff Immelt milked it and John Flannery failed to fix it. Now Larry Culp must figure out what to do with the troubled remnants of GE Capital, the finance arm that nearly sank General Electric Co.…
With more than 90 transactions completed and $4.2 billion of assets under management, American Industrial Partners has deep roots in the industrial economy and has been active in private equity investing for nearly 30 years that focuses on buying, improving…
General Electric slashed its quarterly dividend to a penny, from 12 cents per share. A large proportion of GE shares are held by individuals, who appeared to overlook that news early Tuesday in hopes that the worst may be behind…
According to GE Lighting, by switching customers from traditional to LED bulbs over the past two years, shoppers will save more than US$2 billion collectively over the life of the LED bulbs. As part of an ongoing commitment to energy…
General Electric Co., an original member of the Dow Jones Industrial Average, is being removed from the renowned stock index to be replaced by Walgreens. New CEO John Flannery, who took over in mid-2017, vowed in November to jettison $20…
It’s been nearly a year since cash-strapped GE revealed plans to sell the struggling light bulb business and focus instead on moneymakers like jet engines and MRI machines. But GE has yet to find a taker for the iconic unit.…
As Blackbaud Inc., the world’s leading cloud software company powering social good, prepares to turn on the lights and welcome employees to its new 172,000 square foot world headquarters, an innovative lighting platform from Current, powered by GE will enable…
GE’s general lighting unit and Current, powered by GE are worth around USD 600-800 million, financial institutions estimate. The final price will settle based on the term of GE’s trademark and its market coverage. Currently, there are six GE lighting…
GE has agreed to sell GE Lighting’s business in Europe, the Middle East, Africa and Turkey, as well as its Global Automotive Lighting business. The company previously announced plans to sell both GE Lighting and Current, a unit that spun…
Walmart and Current, powered by GE used the National Retail Federation Big Show to announce that their long partnership in energy-efficient LED lighting has reached more than 1.5 million luminaires installed in the retailer’s stores, parking lots, distribution centers, and…
General Electric Co indicated it is looking closely at breaking itself up on Tuesday as the conglomerate announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws. Chief Executive John Flannery has…
The jobs are in the electrical power division, which makes the giant turbines and generators that the company estimates provide about one-third of the electricity produced around the world. GE is by far the worst-performing stock in the Dow this…
The first General Electric Co. division to set up a presence in Boston is now on the list of businesses that CEO John Flannery wants to sell. During his first presentation to GE shareholders on Monday, Flannery laid out his…