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General Electric Co. said Thursday it named John Flannery as president and CEO of its operations in India to streamline and expand its operations there.
General Electric Co.'s troubled financial unit dragged down third-quarter earnings 44 percent, overshadowing gains in divisions that make power plant turbines and household appliances.
Shares of General Electric Co. rose sharply Thursday after Goldman Sachs upgraded the stock and said it appears unlikely the industrial conglomerate will have to split off its giant lending arm due to a financial sector reform proposal in Congress.
Industrial conglomerate General Electric gave investors a close look at its troubled GE Capital finance arm Tuesday, part of its broader effort to be more transparent about the operations of the unit that offers loans ranging from office buildings to overseas mortgages.
General Electric Co. said Wednesday that it has begun to exit a program that allows companies to issue debt backed by the federal government, a tool the industrial and financial conglomerate used to raise money during the credit crunch.
General Electric Co.'s second-quarter profit was sliced nearly in half, the company said Friday, as the recession drove down earnings at its finance unit and smothered demand for its wide-ranging industrial goods.
General Electric Co.'s health care division said Monday it will offer financing to doctors and hospitals that buy GE's electronic medical records equipment in an effort to cover an expected lag in the flow of federal stimulus money meant for the medical technology.
Industrial conglomerate General Electric Co. says it has reduced its greenhouse gas emissions and is making a growing amount of money from its environmentally conscious business plan launched in 2005.
General Electric Co.'s first-quarter earnings fell 36 percent as profits tumbled at its troubled finance arm, but the results beat Wall Street forecasts in a glimmer of good news for the struggling company.
General Electric Co.'s first-quarter earnings fell 36 percent on sharply lower profits at its troubled GE Capital finance arm, but the results beat Wall Street forecasts in a glimmer of good news for the struggling company.
General Electric Co. said Friday its first-quarter earnings fell 36 percent on sharply lower profits at its troubled finance arm, but the results beat Wall Street forecasts in a glimmer of good news for the struggling company.
Shares of General Electric Co. plunged by as much as 18 percent Wednesday, its fourth consecutive day of decline, as investors speculated that more problems lurk at GE Capital, the diversified conglomerate's financing arm.
General Electric Co. Chairman and Chief Executive Jeffrey Immelt declined a 2008 bonus and millions of dollars in performance awards, saying Wednesday that the company's falling profits and plummeting share price prompted him to forgo the payments.
General Electric Co. said Wednesday that Chairman and Chief Executive Jeffrey Immelt will forgo a 2008 bonus and performance awards worth millions of dollars after the company's earnings fell last year and its stock price plunged amid a deteriorating economy.
In a discouraging report for the American economy, General Electric Co. posted a 46 percent drop in fourth-quarter earnings on Friday and warned of a tough environment this year as it struggles with its ailing finance business.
Industrial powerhouse General Electric Co. hopes a push into medical electronic records and information with some of the top health care institutions in the nation will put it at the front of what is expected to be a rapidly growing market.
General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings on Friday, meeting its own lowered forecast and blaming the decline on its struggling finance arm. The company's loan and lease business has been hammered by the worst financial crisis since the 1929 stock market crash.
General Electric Co., the industrial powerhouse that makes everything from jet engines to light bulbs, cut its earnings forecast for the year on Thursday, blaming volatile financial markets that have damaged the profitability of its loan and lease business, which accounts for almost half its income.
Federal regulators have warned General Electric Co. over lax quality control standards at a plant that makes computer software for medical imaging.
General Electric Co. reverted to form with no big surprises in its latest earnings report, and investors shocked by an unexpected profit shortfall three months ago showed their appreciation.
General Electric Co. announced Thursday that it wants to spin off its iconic lighting and appliance businesses, the latest aggressive move by one of the world's largest companies to reshape its portfolio to focus on faster growth businesses.
Shares of General Electric Co. fell to their lowest point in more than four years Monday when an analyst downgraded the company's shares and predicted a challenging environment for its business operations.
General Electric Co. CEO Jeffrey Immelt said Wednesday that LG Electronics Inc. is one of the leading candidates for its appliances unit, which GE plans to sell or spin off in an ongoing restructuring plan.
A British diver thought he and his American girlfriend would be eaten alive by sharks as they spent a night floating over Australia's Great Barrier Reef, a newspaper reported Sunday.
NEW HAVEN, Conn. — General Electric Co. plans to sell or spin off the business that for a century has put appliances in American homes, a decision that could presage further asset sales, analysts said.
News Corp. sees Hulu charging fees for accessNews Corp. says that Hulu, its jointly owned free online video site, will start charging fees for access at some point in the future.
10,000 Apply for 90 Factory Jobs in Louisville"About 10,000 people applied over three days for 90 jobs."
Magazines plan online newsstand, led by TimeTime Inc. is gathering U.S. magazine publishers to start a jointly run digital newsstand next year that would deliver their titles to mobile devices like increasingly popular electronic book readers.
The Ultimate Media Marriage: Comcast and NBC? The Stuff of Nightmares.You think you've seen conflicts of interest with Disney owning ABC? You ain't seen nothing yet. Imagine the same people who brought you Comcast just sort of ... massaging the media message in favor of their own corporate strategy.
Democrats Pay Off Their Corporate Fat CatsEventually, we hope that rank and file liberals will realize that their leaders are akin to the leaders of the old USSR - talk a great socialist game, but live a very rich, privileged life…and they take care of their own:
Whirlpool to Produce 1 Million Smart Grid-Compatible Dryers by 2011GE first showed off its smart grid-aware oven ranges, hot water heaters, and dryers this past May.
Heart Disease experts say pay poorer people to quit smoking - a strategy that PAYSKey example: study of more than 800 GE employees in the US found those who were offered rolling payments of up to $750 a year to quit smoking and remain abstinent were about three times more likely to quit long-term.
Right outside of town, we have a brand new windmill farm. There are 54 windmills in the "patch," as it is called by the employees. These are 1.5 megawatt mills.
Well That Didn't Last Long: Fox and MSNBC Are Back At Each Other's Throats After Short-Lived Cease FireFox News executives felt that MSNBC had broken the deal when Keith Olbermann, in an apparent show of independence, insulted his 8 p.m. rival, Bill O'Reilly, and the News Corporation's chairman, Rupert Murdoch, on Monday. On his show, "Countdown," Mr. Olbermann called Mr.
General Electric to Pay $50 Million to Settle "Outright Fraud" Charges Brought by SECGE settled civil fraud charges [for $50 million] brought by the Securities and Exchange Commission, which alleged that the company used improper accounting methods that allowed it to boost its reported earnings and avoid disclosing negative results.
The story I wrote two days ago (mostly repeating the great commentary by Glenn Greenwald) regarding a deal struck between the corporate parents of MSNBC and Fox News seems to have widened last night with direct confirmation from MSNBC's Keith Olbermann.
The Real -- And Most Disturbing -- News In the Olbermann-O'Reilly FeudWhat the Times story and the aftershock gossip focuses on is the personality feud and new detente between MSNBC's Keith Olbermann and Fox News' Bill O'Reilly.
GE & News Corp. to Olbermann & O'Reilly: "Don't Make Me Pull Over!""Voices From Above Silence a Cable TV Feud" Interesting article about a supposed truce in the public feud between Keith Olbermann of MSNBC and Bill O'Reilly of Fox News:
GE Announces Intent to Close Plant in Lexington, Kentucky; 125 Employees AffectedGeneral Electric's Kentucky Glass Plant on Loudon Avenue in Lexington, Kentucky will be closed "by the end of July 2010."
G.E. Announces New York Battery FactoryGeneral Electric announced today a $100 million investment to build a new factory in upstate New York that will make batteries — a sector with huge potential, according to G.E.'s chairman and chief executive, Jeffrey Immelt.
GE's Holographic Tech Can Put 500GB on a DVDGeneral Electric says it can cram 500GB of data on a single DVD using holographic technology. GE said the technology utilizes small holograms with increased reflectivity and the light reflected can be read by the low laser power levels of consumer players.
G.E's Breakthrough Can Put 100 DVDs on a Disc - NYTimes.comGeneral Electric says it has achieved a breakthrough in digital storage technology that will allow standard-size discs to hold the equivalent of 100 DVDs.
GE CEO Blasted by Shareholders For Dividend CutChief Executive Jeff Immelt faced a roomful of irate shareholders Wednesday, many of whom blasted him for the decision to cut the dividend by 68 percent.
GE, Invenergy Using U.S. Stimulus Funds for Wind Farm General Electric Co., the world's biggest maker of power generation equipment, will supply 74 turbines for an Illinois wind farm being developed by Invenergy Wind LLC and backed by federal stimulus funds.
Jack Welch Says Focus on Short Term & Share Price a Bad Idea!!!!!Either Jack Welch isn't half as smart as we thought he was, takes a lot longer to make informed decisions than we believed he was, or is merely trying to belatedly climb on the bandwagon of self-redemption after it was proven that his true legacy might just not be as relevant or …
Here's Mud in Your Face, Rick Santelli and Charles Gasparino: Will CNBC Need a Bailout?CNBC personalities like Rick Santelli and Charles Gasparino have done their loudmouthed best to hone the financial network's laissez-faire bonafides. Good luck holding that stance if CNBC's troubled parent company seeks a bailout.
How to Fix General Electric Quick Before GE Capital eats its Parent AliveGE closed today at an ominous figure: US$6.66 ... The Number of the Beast.
President Obama is set to take on an issue that fiscal conservatives have been complaining about in a long and loud manner: no-bid contracts and major cost overruns on government projects that are contracted out.
GE Profit Down 44 Percent General Electric Co reported a 44 percent drop in quarterly profit on weakness at GE Capital and its lighting and appliance units, as the U.S. conglomerate and economic bellwether closed out one of the toughest years in its 117-year history.
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