General Electric Company

News and overview for General Electric Company

Wil Pergande Elected Non-Executive Chairman of the Board at Consolidated Water Co. Ltd. [Press Release]
PRNewswire | 2 days 14 hours 16 minutes ago
...contributions to the success of our Company as a member of the Board of Directors...very effectively represent our Company within the business and investment...Technology Infrastructure division of General Electric Company, where he was responsible for...


GE Money and The Tile Shop Cement Consumer Financing Program [Press Release]
Business Wire | 5 days 16 hours 6 minutes ago
GE Money, the consumer lending unit of General Electric Company (NYSE:GE), and national tile retailer The Tile Shop today announced an agreement for a new consumer financing program. The Tile Shop revolving credit card is part of the GE Money Home DesignSM program, and enables consumers to enjoy affordable monthly payments, generous credit limits, competitive interest rates and special promotional financing options. The card is managed by GE Money’s Sales Finance unit, which provides billions...


Hewitt Associates, The RBL Group and Fortune Announce Global Top Companies for Leaders [Press Release]
Business Wire | 3 days 19 hours 16 minutes ago
IBM, Procter & Gamble and General Mills head the 2009 list of Global Top Companies for Leaders, the most comprehensive study of organizational leadership in the world. The Global Top Companies for Leaders study is conducted by Hewitt Associates, a global consulting and outsourcing company, in partnership with The RBL Group, a strategic HR and leadership systems advisory firm, and Fortune. This year’s winners were selected and ranked by an expert panel of independent judges based on criteria i...


Richmond s Bon Secours Health System Saves $5M & Reduces Patient Wait Times with GE s Technology That Helps Manage Use of Critical Medical Equipment and Operating Rooms in Real Time [Press Release]
Business Wire | 3 days 19 hours 46 minutes ago
GE is helping to lower the cost of care delivery at hospitals across the country, including Bon Secours Richmond Health System, which today announced it has seen $5 million in savings over a 5-year period through its Performance Solutions partnership with GE Healthcare, a business unit of General Electric Company (NYSE: GE). Bon Secours also announced an expanded collaboration with GE that is projected to produce significant additional savings for the health system over the next three years t...


ONI Medical Systems Inc. Successfully Closes MRI Technology Platform Sale to GE Healthcare [Press Release]
Business Wire | 3 days 15 hours 28 minutes ago
ONI Medical Systems Inc. announced today that it successfully closed the sale of its MRI technology platform to the GE Healthcare division of General Electric Company on November 6, 2009. With the purchase of ONI’s high performance, low-cost dedicated purpose MRI technology, GE Healthcare is expanding its product line of comprehensive healthcare solutions to enhance its customers’ ability to deliver patient-centered healthcare.


Portland General Electric Reports Third Quarter 2009 Financial Results and Initiates 2010 Earnings Guidance [Press Release]
Business Wire | 25 days 46 minutes ago
Portland General Electric Company (NYSE: POR) today reported net income of $32 million, or $0.43 per diluted share, for the quarter ended September 30, 2009, compared to zero for the third quarter of 2008.


PGE Files Energy Resource Plan with Public Utility Commission [Press Release]
Business Wire | 17 days 12 hours 38 minutes ago
Portland General Electric Company (PGE) (NYSE:POR) today filed a comprehensive resource plan with the Oregon Public Utility Commission, outlining proposed strategies to meet its customers’ electricity needs over the next 20 years. The plan is the result of many months of analysis and research, including a half-dozen day-long public workshops held over the course of the planning process to solicit input from customer advocates, regulators, energy experts, and other key stakeholders.


General Electric Strives For Greater Frankness In Its Citizenship Reports, Ethikos Reports [Press Release]
PRNewswire | 5 days 10 hours 42 minutes ago
General Electric Strives For Greater Frankness In Its Citizenship Reports, Ethikos...Has an accounting firm certified the accuracy of the numbers? General Electric Company has heard all those criticisms, and it has worked assiduously...


GE Scientists Developing Wearable RFID Sensors to Detect Airborne Chemical Agents [Press Release]
Business Wire | 5 days 18 hours 22 minutes ago
GE Global Research, the technology development arm for the General Electric Company (NYSE: GE), today announced a $2 million award from the National Institute of Environmental Health Sciences (NIEHS), part of the National Institutes of Health to develop wearable RFID sensors to alert people to the presence of environmental chemical agents in the air and sample exhaled breath to serve as an early indicator of disease.


James Cash, Jr., Ph.D., Joins Veracode Board of Directors [Press Release]
MarketWire | 6 days 12 hours 1 minute ago
BURLINGTON, MA -- (Marketwire) -- 11/16/09 -- Veracode Inc., provider of the world's leading cloud-based application risk management services platform, today announced that James Cash, Jr., Ph.D., Emeritus James E. Robison Professor of Business Administration at Harvard University Business School, was named to its board of directors.


BERNINA Renews Consumer Finance Agreement with GE Money [Press Release]
Business Wire | 12 days 20 hours 46 minutes ago
GE Money, the consumer lending unit of General Electric Company (NYSE:GE - News), and BERNINA, a world-leading manufacturer of high-performance sewing and embroidery systems, announced a multi-year extension of their consumer financing agreement, originally formed in 2002. The no annual fee BERNINA credit card offers customers special financing options and additional savings opportunities throughout the year. The card is managed by GE Money’s Sales Finance unit, which provides billions of dol...


New GE Money and Oreck Consumer Financing Program Helps Consumers Breathe Easier [Press Release]
Business Wire | 18 days 17 hours 36 minutes ago
GE Money, the consumer lending unit of General Electric Company (NYSE:GE - News), and home cleaning industry leader Oreck Corporation today announced an agreement for a new consumer financing program. The Oreck Power Card is part of the GE Money Home DesignSM revolving credit program, and enables consumers to enjoy affordable monthly payments, special promotional financing options and online account management. The card is managed by GE Money’s Sales Finance unit, which provides billions of d...


GE Capital Retail Consumer Finance Extends Consumer Credit Card Program Partnership with JCPenney [Press Release]
Business Wire | 16 days 21 hours 16 minutes ago
GE Capital Retail Consumer Finance, a consumer lending unit of General Electric Company (NYSE:GE), today announced a four year renewal of its private label credit card program with leading national retailer J.C. Penney Company, Inc. (NYSE:JCP).


GE Capital Retail Consumer Finance Announces 5-Year Extension of Consumer Credit Card Program with Meijer [Press Release]
Business Wire | 12 days 20 hours 46 minutes ago
GE Capital Retail Consumer Finance, a consumer lending unit of General Electric Company (NYSE: GE) today announced a 5-year extension of its credit card program with family-owned, Midwest retailer Meijer, providing credit services and valuable programs to shoppers. The program started in 2003 with the launch of their first-ever private label credit card program for Meijer.


GE Transportation Receives Patriot Award From U.S. Department of Defense [Press Release]
Business Wire | 12 days 19 hours 15 minutes ago
GE Transportation, a unit of the General Electric Company (NYSE: GE), today received the Patriot Award from the U.S. Department of Defense in recognition of extraordinary support for employees serving in the Missouri National Guard and Reserve.





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Company Overview


Company: General Electric Company
Industry: Commercial Lending
Website: http://www.ge.com

From turbines to TV, from household appliances to power plants, General Electric (GE) is plugged in to businesses that have shaped the modern world. The company produces -- take a deep breath -- aircraft engines, locomotives and other transportation equipment, kitchen and laundry appliances, lighting, electric distribution and control equipment, generators and turbines, and medical imaging equipment. GE is also one of the preeminent financial services companies in the US. General Electric Capital, comprising commercial finance, consumer finance, aircraft leasing, real estate, and energy financial services, is its largest segment. Other operations include the NBC television network.


Key Numbers

Sales in U.S. Dollars (mil.) 182,515 (2008)
One-year % Growth in Sales 5.7 (2008)
Net Income in U.S. Dollars (mil.) 17,410 (2008)
One-year % Growth in Net Income -21.6 (2008)
Number of Employees 323,000 (2008)
One-year % Growth in Number of Employees -1.2 (2008)
Fiscal Year-End December