The General Electric Company

The General Electric Company, or GE (NYSE: GE) is a multinational American technology and services conglomerate incorporated in the State of New York.[4]. In terms of market capitalization, GE is the world's second largest company. In the 1960s, aspects of U.S. tax laws and accounting practices led to a rise in the assembly of conglomerates. GE, which was a conglomerate long before the term was coined, is arguably the most successful organization of this type.

General Electric Company (GE) is a diversified industrial corporation. It is engaged in developing, manufacturing and marketing a variety of products for the generation, transmission, distribution, control and utilization of electricity. During the year ended December 31, 2006, GE completed the sales of its Advanced Materials business by Industrial and GE Life, its United Kingdm-based life insurance business. During 2006, GE acquired IDX Systems Corporation, ZENON Environmental Inc. and Biacore International AB. In November 2006, GE Fanuc Embedded Systems acquired Radstone Technology PLC. In December 2006, Energy Metals Corporation's subsidiary, Golden Predator Mines Inc., acquired Springer Mining Company from GE. On March 15, 2007, GeoEye Inc. acquired M.J. Harden Associates, Inc., from GE. In May 2007, Smiths Group PLC sold its aerospace businesses to GE. In May 2007, STV Partners Corporation, the Japanese unit of GE, acquired a 97.15% interest in SANYO ELECTRIC CREDIT CO., LTD

Environmental record

General Electric has a history of large-scale air and water pollution. The corporation is currently listed as the fourth-largest corporate producer of air pollution in the United States, with more than 4.4 million pounds per year of toxic chemicals released into the air.[12] General Electric has also been implicated in the creation of toxic waste. According to EPA documents, only the United States Government and Honeywell are responsible for producing more Superfund toxic waste sites.[13] To be placed in proper context, however, one must recall the size of the company. When compared to a more polluting, but much smaller company, like the aforementioned Honeywell, GE's record is much better than many of its competitors.

In 1983, New York State Attorney General Robert Abrams filed suit in Federal District Court to compel G.E. to pay for the cleanup of what was claimed to be more than 100,000 tons of chemicals dumped (legally, at the time) from their plant in Waterford.[14] In 1999, the company agreed to pay a $250 million settlement in connection with claims it polluted the Housatonic River and other sites with polychlorinated biphenyls (PCBs) and other hazardous substances.[15] In 2002, after spending millions of dollars on advertisements intended to avert the project, General Electric was ordered to clean up a 40 mile stretch of the Hudson River it had contaminated with PCBs. [16] In 2003, acting on concerns that the plan proposed by GE did not "provide for adequate protection of public health and the environment," the United States Environmental Protection Agency issued a unilateral administrative order for the company to "address cleanup at the GE site" in Rome, Georgia, also contaminated with PCBs. [17]

In May 2005 GE announced the launch of a program called "Ecomagination," intended, in the words of CEO Jeffrey Immelt ""to develop tomorrow's solutions such as solar energy, hybrid locomotives, fuel cells, lower-emission aircraft engines, lighter and stronger durable materials, efficient lighting, and water purification technology,"[18] prompting the New York Times to observe that, "while General Electric's increased emphasis on clean technology will probably result in improved products and benefit its bottom line, Mr. Immelt's credibility as a spokesman on national environmental policy is fatally flawed because of his company's intransigence in cleaning up its own toxic legacy."[19]

China Life teams up with General Electric
Xinhua, China - 24 Sep 2007
25 -- China Life Insurance (Group) Co has forged a strategic partnership with America's General Electric Co to explore finance and other industries together ...
China Life, GE in financial alliance deal -report Reuters
China Life forges alliance with GE China Daily
China Life, GE establish strategic cooperation relationship Trading Markets
Trading Markets
all 11 news articles »
Smiths Group and General Electric Not to Proceed with Joint Venture
ASIATravelTips.com, Thailand - 11 hours ago
In March this year, Smiths Group plc and General Electric conditionally agreed to form a joint venture to be named Smiths GE Detection. ...
General Electric A830
Washington Post, United States - 24 Sep 2007
In general, users should avoid using this flash. The camera's 3x optical zoom lens extends from the front of the camera and makes a horrible electronic ...
Former "Supermax" Warden Strengthens GE Homeland Protection Team
CNNMoney.com - 1 hour ago
GE Security, Inc., a wholly owned indirect subsidiary of the General Electric Co. (NYSE: GE), today announced that Robert Hood, retired warden of the ...
Smiths appoints new chief executive
Guardian Unlimited, UK - 6 hours ago
Break-up speculation started in May when Smiths sold its aerospace division to General Electric for $4.8bn (£2.38bn), leaving it with airport security ...
Business big shot: Keith Butler-Wheelhouse Times Online
Smiths chief set to quit after failure of GE talks Telegraph.co.uk
Smiths Names New Chief, Fueling Breakup Speculation (Update4) Bloomberg
Telegraph.co.uk - Times Online
all 56 news articles »
General Dynamics Awarded $8 Million to Plan Maintenance Work on ...
CNNMoney.com - 1 hour ago
26 /PRNewswire-FirstCall/ -- General Dynamics Electric Boat has received an $8.4 million contract modification from the US Navy to plan the post-shakedown ...
Malaysia's UEM Land, GE tie up on Johor project
Reuters.uk, UK - 24 Sep 2007
General Electric Chief Executive Jeff Immelt and Ahmad Pardas Senin, chief executive of UEM, will attend Thursday's signing. ...

Reuters 
GE unit refines guidance on 2 bln euro bond -lead
Reuters - 25 Sep 2007
LONDON, Sept 25 (Reuters) - General Electric Capital European Funding has refined guidance on its planned 2 billion euro five-year bond, an official at one ...
GE Capital European Funding plans euro bond -lead Reuters
all 8 news articles »
Smiths gets a new boss
Financial Times, UK - 24 minutes ago
What's more, the joint venture in detection with General Electric that Mr Butler-Wheelhouse had arranged was called off last week. ...
GE Catches Rays and Rides the Wind
Motley Fool - 22 hours ago
By Jack Uldrich September 25, 2007 I like the fact that General Electric (NYSE: GE) is getting into the growing field of thin-film solar technology. ...
The Biggest Economic Opportunity of This Century Motley Fool
all 2 news articles »
General Dynamics gets pact modification
CNNMoney.com - 26 minutes ago
(AP) - Defense contractor General Dynamics (NYSE:GD) Corp. said Wednesday its Electric Boat subsidiary received an $8.4 million contract modification from ...

FinFacts Ireland 
Wind power the future in €233m deal
Irish Examiner, Ireland - 15 hours ago
The company has $900m (€634m) worth of projects in the pipeline and yesterday signed a $330m (€233m) energy deal with General Electric during an Enterprise ...
Martin attends signing of $330 million Airtricity deal that was ... FinFacts Ireland
all 10 news articles »
Holders Of Colombian Bank Colpatria Vote To Delist Shares
CNNMoney.com - 23 hours ago
The financial arm of General Electric Co. (GE), GE Money, which owns a 39.3% stake in Colpatria, announced this month it will buy a 10.69% in the Colombian ...
Solon chides AFP for failing to settle P48-M electric bill
Inquirer.net, Philippines - 25 Sep 2007
... by Chief of Staff General Hermogenes Esperon got a dressing down from one lawmaker for their purported failure to settle P48 million in electric bills. ...
Budget hearings for AFP leftists' payback time Inquirer.net
all 2 news articles »

CNNMoney.com 
General Electric's secret boot camp
CNNMoney.com - 25 Sep 2007
The reason: GE Transportation, an unheralded division within the General Electric (Charts, Fortune 500) juggernaut that makes the world's most expensive ...
General Electric says to book 950 mln usd loss on mortgage unit
CNNMoney.com - 19 Sep 2007
19, 2007 (Thomson Financial delivered by Newstex) -- General Electric (NYSE:GE) said it expects to report a 950 mln usd loss for the first nine months of ...
Out of the Gate: General Electric
CNNMoney.com - 19 Sep 2007
NEW YORK (AP) - General Electric (NYSE:GE) Co. said it expects to record $1.7 billion to $1.9 billion in charges in the third quarter, including costs to ...
Siemens Appoints General Electric Executive as Compliance Chief
Bloomberg - 19 Sep 2007
... named Peter Solmssen to its management board and put the former general counsel at rival General Electric Co. in charge of compliance. ...
Smiths Group, General Electric JV Not To Proceed
CNNMoney.com - 18 Sep 2007
LONDON -(Dow Jones)- Smiths Group and General Electric Company (GE) announced Wednesday that they have decided not to proceed to form the Smiths GE ...
GE to cut 29 jobs at Helsinki X-ray unit
Newsroom Finland, Finland - 7 hours ago
Britain-headquartered General Electric Healthcare said Tuesday it was cutting 29 jobs in its Helsinki X-ray unit. When the company launched a round of ...
Fremont Says Ford Isn't Prepared to Complete Purchase (Update3)
Bloomberg - 1 hour ago
PHH, a lender that agreed to be bought by General Electric Co. and Blackstone Group LP, says the sale may unravel because of a lack of financing. ...
General Electric's infrastructure unit key to US$44 price target
National Post, Canada - 18 Sep 2007
General Electric Co.'s (GE/NYSE) infrastructure division, which provides services in aviation, energy, transportation, water and other industries, ...
Ahead of the Bell: General Electric
Houston Chronicle, United States - 18 Sep 2007
2007 AP NEW YORK — A Goldman Sachs analyst said conglomerate General Electric Co. will likely report positive trends in its infrastructure segment at a ...
It's The Network
Forbes, NY - 5 hours ago
It's a consortium of companies, including GridPoint, Constellation Energy (nyse: CEG - news - people ) and General Electric (nyse: GE - news - people ) that ...
Blackstone, General Electric and Wilbur Ross, a billionaire ...
International Herald Tribune, France - 17 Sep 2007
By MC Govardhana Rangan Bloomberg News MUMBAI: Blackstone Group, General Electric Capital and a group led by Wilbur Ross, a billionaire, are among investors ...
Pratt & Whitney in turbine parts deal with Saudi Electric
Reuters UK, UK - 21 Sep 2007
... Systems Inc said it was selected by Saudi Electric Co to provide industrial turbine parts for General Electric gas turbines over the next three years. ...
Pine Cellular and Choctaw Electric Cooperative will use Nortel 4G ...
CNNMoney.com - 2 hours ago
"Pine and Choctaw Electric Cooperative's network deployment is a prime example of why WiMAX is such an important technology," said Peter MacKinnon, general ...
General Electric CFO: Industrial economy in good shape
MarketWatch - 18 Sep 2007
By Bob Sechler , , ) Chief Financial Officer Keith Sherin described the broad industrial economy as solid Tuesday, even as he acknowledged that the company ...
WISCO Signs Power Project With GE
China CSR, China - 16 hours ago
Jeffrey R. Immelt, chairman of the board and chief executive officer of General Electric, says this is the largest project that GE has ever invested in ...
Algeria: General Electric's Ecomagination Finds Profit in Going Green
AllAfrica.com, Washington - 15 Sep 2007
Growing concern over global climate change is translating into lucrative business opportunities for industry conglomerate General Electric (GE). ...