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updated: Fri Jul 18, 2008 05:50 pm

General Electric News

News on General Electric continually updated from thousands of sources around the net.

Yesterday | York Dispatch

GE Transportation CEO to leave Erie for London

GE Transportation chief executive John Dineen will leave Erie to lead General Electric's Healthcare business in London, the company announced Thursday.

Comment?

Related Topix: Financial Services, Aerospace-Defense

Friday | Milwaukee Journal-Sentinal

GE Healthcare CEO joins ABB Ltd.; successor ran GE Transportation

Top executive shuffles at two global giants have touched two businesses with important operations in southeastern Wisconsin - ' GE Healthcare and ABB Ltd.

Comment?

Related Topix: Financial Services, Aerospace-Defense, New Berlin, WI, Electronics

Thu Jul 17, 2008

Earth Times

John Dineen Named President and CEO of GE Healthcare; Lorenzo Simonelli to Lead GE Transportation

General Electric Chairman and CEO Jeff Immelt announced today the appointment of John Dineen as president and CEO of GE Healthcare, a $17 billion global leader in medical diagnostic technology and biosciences.

Comment?

Related Topix: University of Vermont, Financial Services, Aerospace-Defense, Erie, PA

Bloomberg

U.S. Stock-Index Futures Decline; IBM and Intel Shares Retreat in Germany

U.S. stock-index futures dropped as concern that reports will provide further evidence the economy is sinking into a recession overshadowed speculation that the government won't let Fannie Mae and Freddie Mac ...

Comment?

Related Topix: IBM, Financial Services, Aerospace-Defense

Wed Jul 16, 2008

Blogging Stocks

Before the bell: FDX, GE, AAPL, MSFT, BA, GSK

Before the bell: Solid opening expected following Fannie/Freddie gov't plan; BUD takeover FedEx may be in talks to buy its rival European rival TNT, according to a report from the Financial Times .

Comment?

Related Topix: Air Courier, Transportation, FedEx, Financial Services, Aerospace-Defense, Manufacturing, Industrial Machines, Security, United Technologies Corporation, Startups, Apple, Computers, Apple Computer

Tue Jul 15, 2008

Blogging Stocks

Option Update: General Electric July volatility skewed higher into EPS & outlook

Posted Jul 9th 2008 9:35AM by Paul Foster Filed under: General Electric , Options General Electric closed at $28.06 Tuesday.

Comment?

Related Topix: Financial Services, Aerospace-Defense

Mon Jul 14, 2008

Detroit Free Press

Letter writing is sought to help fight oil prices

The CEOs of a dozen U.S. airlines, beset by record fuel costs that have caused several to cut jobs, reduce capacity and impose higher fees on customers, are now asking for their customers' help to curb the rise ...

Comment?

Related Topix: Financial Services, Aerospace-Defense

Sun Jul 13, 2008

Worcester Telegram & Gazette

GE profit falls in 2Q, to sell loan unit

Industrial and financial conglomerate General Electric Co. said Friday its profit fell 6 percent in the second quarter, and has agreed to sell its Japanese consumer finance business for $5.4 billion.

Comment?

Related Topix: Financial Services, Aerospace-Defense

The Baltimore Sun

GE profit falls to $5.07 billion

General Electric Co. said yesterday that its second-quarter profit was $5.07 billion, or 51 cents per share, compared with year-earlier profit of $5.38 billion, or 52 cents per share.

Comment?

Related Topix: Financial Services, Aerospace-Defense

Ticker

Infrastructure Drives GE Earnings

General Electric, one of the largest conglomerates in the world reported second quarter revenue rise of 11% to $46.9 billion but net income declined 6% to $5.07 billion or 51 cents per share.

Comment?

Related Topix: Financial Services, Aerospace-Defense

Sat Jul 12, 2008

Washington Post

Futures slide as Fannie, Freddie plummet

By Ellis Mnyandu Reuters Friday, July 11, 2008; 8:05 AM NEW YORK - Stock index futures slid on Friday as investors worried about the widening impact of the credit crisis on the financial sector and the outlook ...

Comment?

Related Topix: Publishing, New York Times, Financial Services, Fannie Mae, Home, Mortgage, Personal Finance, Aerospace-Defense

Journal Gazette

GE dims 6%, sells loan arm

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.

Comment?

Related Topix: Financial Services, Aerospace-Defense, Home, Mortgage

Reuters

Pressure eases on GE's Immelt

General Electric Chief Executive Jeff Immelt can breathe a little easier this weekend.

2 comments

Related Topix: Financial Services, Aerospace-Defense

Fri Jul 11, 2008

Bloomberg

GE Profit Meets Analysts' Estimates on Energy-Equipment, Service Revenue

General Electric Co. , stung by a surprise profit decline in the year's first three months, posted second-quarter earnings that matched analysts' estimates on increased demand for power-plant turbines, jet ...

Comment?

Related Topix: Financial Services, Aerospace-Defense, Fairfield, CT

The Jersey Journal

GE explores spinning off entire consumer and industrial unit

General Electric Co., which announced plans in May to break up its consumer and industrial division and sell its consumer appliances business unit, announced Thursday that it now plans to keep the entire unit ...

Comment?

Related Topix: Financial Services, Aerospace-Defense, Appliances, Louisville, KY

InYork

Zucker: NBC Universal is an 'important' part of GE

SUN VALLEY, Idaho - General Electric has no plans to sell its NBC Universal media unit even as the conglomerate moves forward with spinning off slower-growing businesses, NBC Chief Executive Jeffrey Zucker said ...

Comment?

Related Topix: Sun Valley, ID, Financial Services, Aerospace-Defense, Entertainment

Bloomberg

GE to Sell Finance Units in Japan for $5.5 Billion to Shinsei, People Say

General Electric Co. plans to sell its Japan consumer lending operations to Shinsei Bank Ltd.

Comment?

Related Topix: Financial Services, Aerospace-Defense, Banking, Fairfield, CT

Thu Jul 10, 2008

Bloomberg

General Electric Pursues Spinoff, Sale of Consumer & Industrial Division

General Electric Co. , two months after placing its century-old appliance unit on the block, said it plans to spin off its entire GE Consumer & Industrial group to shareholders as Chief Executive Officer ...

4 comments

Related Topix: Youngstown Metro, Youngstown, OH, Financial Services, Aerospace-Defense, Appliances

Reuters

GE considers spin off of consumer and industrial

General Electric Co said on Thursday it will focus on spinning off its consumer and industrial unit -- operations that include its century-old appliances arm and its lighting business -- to GE shareholders.

9 comments

Related Topix: Financial Services, Aerospace-Defense, Fairfield, CT

Wed Jul 09, 2008

Washington Post

Stocks flat on financial sector worry

By Ellis Mnyandu Reuters Wednesday, July 9, 2008; 11:16 AM NEW YORK - Stocks were little changed in choppy trading on Wednesday as fears of further credit losses in the financial sector and rebounding oil ...

Comment?

Related Topix: Financial Services, Aerospace-Defense, Financial Markets, Mining, Alcoa, Manufacturing, Chemicals, American Express

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