BNET Industries
General Electric Co. (GE) is in the Manufacturing Industry
- Revenue
- Dec 31 2007
- $172.7B
- Profit
- Dec 31 2007
- $22.2B
- Market Cap
- May 15 2008
- $322.6B
Latest News and Analysis
GE Confirms Plans to Exit Appliance Business
By Scott Malone BOSTON (Reuters) - General Electric Co GE confirmed on Friday it may sell or spin off its century-old appliances unit, saying the business was too focused on the United States. The appliance arm, which employs about 13,000 people worldwide, is...
Morgan Stanley Raises Billions For Infrastructure
By Aarthi Sivaraman and Mathieu Robbins NEW YORK/LONDON (Reuters) - Morgan Stanley MS and a fund set up by General Electric GE and Credit Suisse CSGN said on Monday they had collectively raised almost $10 billion for funds to invest in infrastructure. Morgan...
China Forms Company to Make Regional and Jumbo Jets
By Kirby Chien BEIJING (Reuters UK) - China has established a company to build regional commercial jets, with an eye to eventually reducing the country's reliance on Boeing BA and Airbus EAD for jumbo jets, official media said on Sunday. Commercial Aircraft Corp of China is...
China Forms Company to Make Regional, Jumbo Jets
By Kirby Chien BEIJING (Reuters) - China has established a company to build regional commercial jets, with an eye to eventually reducing the country's reliance on Boeing BA and Airbus EAD for jumbo jets, official media said on Sunday. Commercial Aircraft Corp of...
Cablevision Adds Subscribers
By Yinka Adegoke NEW YORK (Reuters) - Cablevision Systems Corp CVC on Thursday posted an unexpected quarterly gain in cable subscribers, but its shares fell as it outlined new spending plans on a high-speed wireless Internet network. Also, the cable operator, run by...
Cablevision to Buy Sundance Channel For $496 Mln
NEW YORK (Reuters) - Cablevision Systems Corp CVC said on Wednesday it would acquire Sundance Channel from General Electric Co's NBC Universal, CBS Corp's CBS Showtime Networks and entities controlled by Robert Redford, the actor and director. Cablevision said it would...
Linens 'n Things Files For Bankruptcy
NEW YORK (Reuters) - Home goods retailer Linens 'n Things has filed for Chapter 11 bankruptcy protection and plans to close 120 underperforming stores, the company said on Friday. The struggling seller of textiles, housewares and other home goods also said it had...
Linens Files For Chapter 11, to Close 120 Stores
NEW YORK (Reuters) - Home goods retailer Linens 'n Things on Friday said it filed for Chapter 11 bankruptcy protection and disclosed plans to close 120 underperforming stores. The struggling seller of textiles, housewares and other home goods also said it secured $700...
NBC, CBS Seen Bidding For Weather Channel
NEW YORK (Reuters) - CBS Corp CBS and GE's GE NBC Universal plan to bid for the Weather Channel in the second round of bidding due in early to mid-May, two people familiar with the matter said on Tuesday. Privately held Landmark, which...
Rebuilding Your Crowded Calendar
Many of us info economy drones spend a lot of time -- dare we say too much time -- in meetings. At some moment the tipping point occurs, where our personal productivity loss is larger than the value we contribute or collect in meetings. BNET is chockablock...
GE Hikes Cost-cutting Goal to $3 Billion
By Scott Malone ERIE, Pennsylvania (Reuters) - General Electric Co GE chief Jeffrey Immelt said on Wednesday U.S. capital markets have improved since the end of the first quarter but the overall U.S. economic picture is unchanged, and the company has ...
GE's Immelt Says Capital Markets Have Improved
ERIE, Pennsylvania (Reuters) - General Electric Co GE CEO Jeffrey Immelt said on Wednesday U.S. capital markets have improved since the end of the first quarter but the overall U.S. economic picture is unchanged. "The capital markets are a little better" than they...
Merrill, Other Banks Tap Debt Markets After Losses
NEW YORK (Reuters) - Investment banks including Merrill Lynch & Co MER, UBS UBSN and Wachovia Corp WB sold more than $13 billion in new debt on Tuesday in a move to shore up their balance sheets. Financial firms "posted losses which eroded...
The Pope as CEO
Jeffrey Immelt and Joseph Ratzinger have more in common than you might think. Immelt, the CEO of GE, and Ratzinger, the CEO also known as pope of the Catholic church, lead global, extremely complex organizations. Both have stellar brands to uphold. Both answer to a higher authority....
Halliburton Says Considering Expro Bid
By Tom Bergin LONDON (Reuters UK) - U.S. oilfield services company Halliburton Co HAL said on Friday that it was considering a counterbid for Expro International Group EXR and that any offer would be in cash and at a premium to that made by Candover...
Honeywell Profit Beats Forecast
By Scott Malone BOSTON (Reuters) - Diversified manufacturer Honeywell International Inc HON on Friday posted profit that topped Wall Street's expectations, as strong growth outside the United States overshadowed weak demand for consumer products such as thermostats and antifreeze. The company...
Caterpillar Profit Beats Expectations
By James B. Kelleher CHICAGO (Reuters) - Caterpillar Inc CAT reported a better-than-expected quarterly profit on Friday as strong international sales more than offset what the company characterized as a "recessionary storm in the United States." The news sent shares of Caterpillar --...
Fear Recedes as Corporate Profits Reassure Investors
By Doris Frankel CHICAGO (Reuters) - The Chicago Board Options Exchange Volatility Index or VIX on Wednesday dropped to its lowest levels this year as encouraging earnings from blue-chip stocks helped lift investors' spirits after a string of disappointments last...
China, India and the Future
Tarun Khanna closes out his book on China and India with a tantalizing section called "The Future." Who doesn't want to know what's going to happen with these two countries? Unfortunately, we don't really find out much about the future that he hasn't already suggested. ...
American Express Buys GE's Corporate-Card Unit
If, as some economists are saying, the economic downturn is going to hurt consumer spending more than business spending then American Express is making a good defensive move. AmEx is paying $1.1 billion for a General Electric unit that processes charge cards for corporations. American Express suffered...
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- Incorporated: 1892
- CEO: Mr. Jeffrey R. Immelt
General Electric is a technology, media, and financial services corporation. With products and services ranging from aircraft engines, power generation, water processing, and security technology to medical imaging, business and consumer financing, media content and industrial products, Co. serves customers in more than 100 countries and employs more than 300,000 people worldwide. As of Dec 31 2007, Co. conducted its businesses through six operating segments which are: Infrastructure, Commercial Finance, GE Money, Healthcare, NBC Universal and Industrial.
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General Electric Co. Company Info
Board of Directors
Mr. Jeffrey R. Immelt
Chairman
Dr. Susan Hockfield Ph.D.
Ms. Andrea Jung
Mr. Alan G. Lafley
Mr. Robert W. Lane
Mr. Ralph S. Larsen
Ms. Rochelle B. Lazarus
Mr. Sam Nunn
Mr. Roger S. Penske
Dr. Robert J. Swieringa Ph.D.
Mr. Douglas A. Warner III
Mr. Michael A. Neal
Vice-Chairman
Mr. John G. Rice
Vice-Chairman
Mr. Lloyd G. Trotter
Vice-Chairman
Mr. Keith S. Sherin
Vice-Chairman
Dr. James I. Cash Jr., Ph.
Sir William M. Castell
Ms. Ann M. Fudge
Mr. Claudio X. Gonzalez
Contact Information
3135 Easton Turnpike
Fairfield, CT
203 373-2211
NAICS Code
All Other Miscellaneous Electrical Equipment and Component Manufacturing: 335999
