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GE links bonuses to cost-cutting targets after talks with Trian

General Electric Co (GE.N) said it expected to cut costs and boost operating profit in its industrial unit and linked the bonuses of its senior management to meeting these goals, as it bows to pressure from Nelson Peltz’s Trian Fund Management.

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10 More Passengers Sue After Engine Fire On O’Hare Tarmac

CHICAGO (CBS) — Ten passengers have filed lawsuits against Boeing, General Electric Aviation and American Airlines after the airplane they were on caught fire last October on the tarmac of O’Hare International Airport when part of an engine failed. 311 more words


Business Software Maker You've Never Heard of Is Exploring a $1 Billion Sale

Plex Systems, a privately held U.S. maker of software used to run manufacturing plants, is exploring a potential sale which it hopes will value it at more than $1 billion, including debt, according to people familiar with the matter. 264 more words


TECH56 Swept Fan Blade Completes Full-Scale Testing

The swept wide chord fan blade being developed as part of CFM Project TECH56 has completed full-scale performance, cross wind, and acoustics testing on a modified… 277 more words


GE Engines Power First Cormorant Search and Rescue Helicopter Flight

The Cormorant Search and Rescue helicopter, built for the Canadian Air Forces, made its first flight at Agusta’s facility in Vergiate, Italy. The flight was flawless. 316 more words