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GE, Ford Sign $336M Federal Contract to Make Ventilators
General Electric and Ford Motor will produce 50,000 ventilators for the U.S. government under the Defense Production Act for $336 million, federal officials announced Thursday.
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GE Workers in Mass. Protest, Demand Safety Measures Amid Coronavirus Pandemic
Employees of General Electric in Massachusetts held a protest Wednesday, joining similar demonstrations around the country demanding the conglomerate create safer working conditions amid the coronavirus pandemic. The protest, which involved members of the Industrial Division of the Communications Workers of America Local 20, took place at the GE aviation facility in Lynn. The union earlier said workers would protest…
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Workers Protest for Safe Working Conditions at GE Aviation Plant
Workers at the General Electric Aviation plant in Lynn, Massachusetts, protested outside the facility and outside GE’s Boston headquarters this week, asking for safety measures amid the coronavirus pandemic. The union, which represents over 1,200 workers in Lynn, says the company isn’t doing enough. “We need to be reassured that we’re going to have gloves, we’re going to have...
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NBC10 Boston Responds: Defective Dishwasher Dilemma
A Merrimac, Massachusetts, woman thought it would be easy to get an appliance replaced when it didn’t work upon delivery, but she was wrong.
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Dishwasher Dilemma
A woman thought it would be easy to get an appliance replaced when it didn’t work after it was delivered, but she was wrong.
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Boeing CEO Raises Possibility of Pausing Max Production
Boeing’s CEO says the company will consider temporarily shutting down production of the 737 Max if the plane’s return is significantly delayed beyond the company’s October forecast.
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Raytheon and United Technologies Announce Merger
Announcing a merger that will see United Technologies Corp. move its headquarters to the Boston area from the state it has called home for nine decades, the chief executive offered assurances Monday that the new company will have a presence in Connecticut “for years to come.” But the symbolism of the move cut deeply in Connecticut, a state that is...
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Raytheon and United Technologies Announce Merger
Announcing a merger that will see United Technologies Corp. move its headquarters to the Boston area from the state it has called home for nine decades, the chief executive offered assurances Monday that the new company will have a presence in Connecticut “for years to come.” But the symbolism of the move cut deeply in Connecticut, a state that is...
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GE Sells Biopharma Unit to Danaher Corp. for $21 Billion
General Electric is selling its biopharma business to Danaher Corp. for $21.4 billion as it continues to sell off chunks of a once sprawling conglomerate. The biopharma unit, part of GE Life Sciences, generated revenue of about $3 billion last year. Danaher said after tax benefits, the deal will have a price tag that is closer a $20 billion. The...
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Bill Would Direct Funds Recouped From General Electric to Vocational Schools in Massachusetts
A lawmaker says he wants money from incentives that General Electric plans to return to Massachusetts redirected to help the state’s vocational schools. GE announced last week it was scaling back plans for its world headquarters in Boston, scrapping plans for a new office tower and reducing its anticipated workforce in the city from 800 to 250.
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GE to Reimburse State for $87M Incentive Package, Sell Fort Point Headquarters
Officials with General Electric announced Thursday they plan to reimburse the state of Massachusetts for the $87 million incentive package that was given to them when the company moved its headquarters from Connecticut to Boston. The announcement comes as the company confirms to NBC10 Boston they plan to scale back operations and sell its Fort Point channel headquarters. That parcel...
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GE Downsizing Boston HQ Plans
General Electric will reimburse Massachusetts $87 million for an incentive package after announcing it would scale back its operations and sell its Boston headquarters.
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MBTA General Manager Luis Ramirez Out After 15 Months on the Job
MBTA General Manager Luis Ramirez is out a little more than a year after being named to the position. Massachusetts Transportation Secretary and CEO Stephanie Pollack announced Tuesday that the MBTA and Ramirez “mutually agreed that the time was right for him to separate form the MBTA and pursue other opportunities.” He was hired in September of 2017.
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Luis Ramirez Leaves as GM of the MBTA
After just 15 months on the job, Luis Ramirez is out of his role as general manager of the MBTA. Steve Poftak, the former interim general manager, will take over.
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Battle Over Taxes and Deficits: Connecticut Governor Race Remains Tight
Neil Covert wants to replace Connecticut’s outgoing Democratic governor, Dannel Malloy, with a Republican who will not propose higher taxes or tolls on the state’s highways as a way to tackle the state’s financial problems. On Tuesday, the 49-year-old Kent resident will vote for Bob Stefanowski, who is in a tight race against Democrat Ned Lamont. Stefanowski says he will...
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Gov Candidates Make Final Weekend Push
The three candidates on the ticket have been hitting as many stops as they can this weekend, trying to make sure their messages are reaching as many people as possible.
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GE Ousts CEO Flannery After Less Than 2 Years
After less than two years and a precipitous decline in the share price at General Electric, John Flannery was ousted as chairman and CEO of the century-old company. Flannery took over for longtime CEO Jeff Immelt in June 2017 with the company trying to re-establish its industrial roots, albeit a high-tech version of itself. However, as Flannery has restructured the...
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Facebook Reports Slower-Than-Expected 2Q Revenue Growth, Driving Stock to Lose $120 Billion
There’s a scratch in Facebook’s Teflon coating. The social network’s user base and revenue grew more slowly than expected in the second quarter as the company grappled with privacy issues, sending its stock tumbling after hours. The company also warned that it expects revenue growth to decelerate in the next couple of quarters as it promotes new, and for now...
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General Electric Narrows Focus Again, Sheds Health Care and Baker Hughes
General Electric shed more of its major assets, announcing plans to cast away its health care business and sell its interests in the oil-services company, Baker Hughes.
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GE to End More Than 100-Year Run on Dow; Walgreens Added
General Electric will be dropped from the Dow Jones industrial average next week, ending the conglomerate’s more than 100-year run in the 30-company blue chip index. S&P Dow Jones Indices said Tuesday that GE will be removed from the index before the open of trading next Tuesday. Its slot will go to drugstore chain Walgreens Boots Alliance. Boston-based GE was...