General Electric Company

News and overview for General Electric Company

GE Transportation and CSR Qishuyan Finalize Locomotive Diesel Engine Joint Venture [Press Release]
Business Wire | 6 days 15 hours 46 minutes ago
GE Transportation announced today the formation of a joint venture company with CSR Qishuyan Locomotive Co., Ltd., a unit of China South Locomotive and Rolling Stock Corporation Limited (CSR), to develop, build and service GE’s Evolution® Series locomotive diesel engines in China. The announcement was made as part of "GE's Clean Technology Week in China" activities.


John Flannery Named President and CEO Of GE India [Press Release]
Business Wire | 25 days 18 hours 46 minutes ago
General Electric Company Chairman and CEO Jeff Immelt today announced the appointment of John Flannery as president and CEO of GE’s business operations in India.


GE and China MOR Sign Strategic MOU to Advance High-Speed Rail Opportunities in the U.S. [Press Release]
Business Wire | 6 days 15 hours 46 minutes ago
GE and China’s Ministry of Railways today announced that they signed a memorandum of understanding (MOU) to jointly advance high-speed rail (HSR) opportunities in the United States. This collaboration will allow GE Transportation to be the first U.S. locomotive manufacturer to more effectively compete for high-speed rail projects against global competitors. In addition, the partnership would accelerate GE’s passenger rail technologies and create in the near future up to 150 high technology jo...


GE Healthcare s Spectral Imaging Advances CT Diagnosis; Delivers Technology to Medical Centers Amid Strong Customer Demand [Press Release]
Business Wire | 7 days 8 hours 33 minutes ago
GE Healthcare today announced results from its ongoing customer evaluation of Gemstone Spectral Imaging, a technology aiming to enhance CT’s diagnostic capability. Gemstone Spectral Imaging is an available option for Discovery CT750HD systems and is being delivered to customers worldwide.


GE Transportation to Provide 300 Locomotive Assemblies to CSR Qishuyan in China [Press Release]
Business Wire | 7 days 13 hours 16 minutes ago
GE Transportation announced today that it has reached an agreement with CSR Qishuyan Locomotive Co., Ltd. to provide 300 locomotive assemblies for China HXN5 Mainline locomotives produced by CSR Qishuyan with Evolution® Series diesel engines. The agreement helps to sustain close to 1,200 high-tech jobs in the U.S. The announcement was made as part of "GE's Clean Technology Week in China" activities.


Attorney General Eric Holder Welcomes Ignacia S. Moreno as Assistant Attorney General for the Environment and Natural Resources Division [Press Release]
PRNewswire | 17 days 7 hours 5 minutes ago
...Nov. 16, 1909, by Attorney General George Wickersham through a two...Division's Assistant Attorney General. Since September 2006, Moreno...been an in-house counsel at the General Electric Company. CONTACT: U.S. Department...


Victoria Reich Appointed to Ecolab s Board [Press Release]
Business Wire | 17 days 10 hours 46 minutes ago
The Board of Directors of Ecolab Inc. announced that it has appointed Victoria J. Reich to the board.


Reportlinker Adds Clean Technology Series Global Energy Efficient Lighting Market Analysis and Forecasts to 2015 Report [Press Release]
Business Wire | 35 days 20 hours 19 minutes ago
Reportlinker.com announces that a new market research report is available in its catalogue.


GE Reports 3Q 09 EPS of $0.22 (Includes $0.05 Restructuring & Other Charges); Industrial Cash Flow of $4.4B in 3Q and $11.5B YTD, up 1%; Industrial Segment Profit up 4%; Backlog up to Record $174B; Capital Finance Earns $263MM [Press Release]
Business Wire | 38 days 18 hours 46 minutes ago
GE announced today third-quarter 2009 earnings from continuing operations (attributable to GE) of $2.5 billion, or $0.22 per share, including the effect of $0.05 in restructuring and other charges, down 51% from the third quarter of 2008. Industrial segment profit grew 4% in the quarter compared to the year-ago period. Cash generated from GE Industrial operating activities totaled $4.4 billion in the quarter and $11.5 billion year to date, up 1%. Total company backlog of equipment and service...


Noble Energy Announces Executive Officer Appointment [Press Release]
PRNewswire | 13 days 2 hours 1 minute ago
...M. Fisher will be joining the company effective November 16, 2009 as...increasing responsibility with General Electric Company, including Vice President and...is a leading independent energy company engaged in worldwide oil and gas...


General Electric and Vancouver 2010 Partner to Provide High-Tech Mobile Medical Unit for Whistler Area Venues During Olympic and Paralympic Winter Games [Press Release]
Business Wire | 38 days 12 hours 46 minutes ago
General Electric, a Worldwide Partner of the Olympic Games, and the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (VANOC) announced today that GE Healthcare is providing a state-of-the-art mobile medical unit for medical emergencies for athletes and officials in the Sea to Sky region during the Vancouver 2010 Olympic and Paralympic Winter Games.


Dean M. Flatt Joins Ducommun Incorporated s Board of Directors [Press Release]
Business Wire | 17 days 16 hours 46 minutes ago
Ducommun Incorporated (NYSE:DCO) today announced that its Board of Directors elected Dean M. Flatt to the Board, effective immediately. Mr. Flatt’s appointment brings the number of directors on the Ducommun Board of Directors to eight.


PicksThatMove.com Announces Investment Opinion On: Human Genome Science Inc., General Electric Company, eBay Inc., NovaDel Pharma Inc., and Amylin Pharmaceuticals Inc. [Press Release]
Business Wire | 21 days 7 hours 53 minutes ago
PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders. Some of our past picks had soared over 200%. To view some of our profiled stocks, please visit our website at www.picksthatmove.com.


Critical Power Consultants Utilizes Redundant PACSystems RX3i Controllers From GE Fanuc Intelligent Platforms For Mission Critical Power [Press Release]
Business Wire | 18 days 11 hours 35 minutes ago
GE Fanuc Intelligent Platforms, a unit of GE Enterprise Solutions, today announced that it continues to strengthen its emphasis in the mission critical power industry by collaborating with Critical Power Consultants (CPC), a Roanoke, Virginia-based company that specializes in emergency standby power control systems, load management control systems, and monitoring solutions. CPC offers a host of technical services to original equipment manufacturers (OEMs), engineering firms, and end users tha...


SonoSite Announces Global Patent Settlement With GE [Press Release]
Business Wire | 35 days 17 hours 46 minutes ago
SonoSite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound for the point-of-care, announced today that the company has resolved all pending patent litigation with General Electric Company (GE). This includes the lawsuit filed by GE in 2008 in the federal district court in Madison, Wisconsin (case no. 08-cv-298-bbc) to invalidate SonoSite's US Patent No. 5,722,412 (the '412" patent") and a pending appeals in the Federal Circuit (case nos. 2008-1567, 2008-1568) of ...





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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