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Stock impact report

Brazil asks GE to remove transformers from grid: report [MarketWatch]

General Electric Company (GE) 
Last general electric company earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: MarketWatch
Brazil asks GE to remove transformers from grid: report Brazilian regulators have asked General Electric Co. GE, -1.12% to remove more than 600 of its transformers from Brazil's power grid, Reuters said Tuesday, citing documents it has reviewed. The request follows several explosions over the past six years that suggest 53 GE transformers are involved, the report said. GE told Reuters it was aware of the incidents but that there was no evidence thus far they could be related to the product. Shares of GE fell 0.9% in midday trading Tuesday, and are down 53% in the past 12 months, compared with losses around 6.5% for the Dow Jones Industrial Average DJIA, +0.56% in the same period. Walgreens Boots Alliance Inc. WBA, +1.77% in June replaced GE on the index. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. Show less Read more
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