General Electric Company
News and overview for General Electric Company
GE offers a new sort of checkup
SmartBrief for CFOs | 21 days 23 hours 51 minutes ago
General Electric employees who partake in the company's Diabetes Health Plan agree to follow a health regimen and have the company check up on them. In return, they get deep discounts on co-pays for treatment.
Zucker Mum On Comcast Deal
Discovery Executive NewsBlast | 3 days 23 hours 51 minutes ago
...and CEO Jeff Zucker had little to say Thursday about negotiations by Comcast to take over the media company now controlled by General Electric, reports The Hollywood Reporter. In an interview with CNBC anchor Erin Burnett, Zucker said potential...
IPO a possibility for NBCU, Vivendi chief says
CTAM SmartBrief | 21 days 23 hours 51 minutes ago
...executive officer of Vivendi, said that an initial public offering was a consideration for NBC Universal when his company and General Electric created the entertainment firm in 2003 and that it could be again. Comcast reportedly is in negotiations with...
GE confident about winning aircraft-engine contracts in China
ELFA SmartBrief | 77 days 51 minutes ago
A General Electric executive said he expects the company's GE Aviation unit to win contracts to supply engines for a large aircraft project in China. "The thing that gives me most...
Report: Comcast-controlled NBCU will be led by Zucker
CTAM SmartBrief | 7 days 23 hours 51 minutes ago
...venture currently being negotiated that would control the media conglomerate, according to unnamed sources cited in this report. Comcast is in talks with current NBCU owner General Electric about taking a majority stake in the company.
In NBC Universal Bid, Comcast Seeks An Empire
Discovery Executive NewsBlast | 53 days 51 minutes ago
The New York Times reports Comcast is negotiating with General Electric in an effort to create a new company from NBC Universal and Comcast's programming assets. Unnamed sources told the newspaper Comcast could gain a 51% controlling stake in the new company.
GE Capital plans to sell more in Islamic bond market
ELFA SmartBrief | 3 days 23 hours 51 minutes ago
GE Capital, a unit of General Electric, sold a five-year Islamic bond for $500 million. With the company suggesting that the deal might be the first of several such transactions, other Western firms might try to tap into the market...
Immelt: Talks to sell NBCU to Comcast "are ongoing"
CTAM SmartBrief | 53 days 51 minutes ago
Comcast, the country's largest cable company, is in talks with General Electric to buy 51% of its NBC Universal subsidiary for $6 billion to $7 billion, according to unnamed sources quoted in this report...
Vivendi looks for a way out of NBCU stake:
CTAM SmartBrief | 36 days 51 minutes ago
Vivendi and General Electric are in talks that would allow the French media company to cash out of its 20% stake in NBC Universal. But, according to executives cited in this report, the two sides currently are...
Comcast's NBCU bid likely to draw regulatory interest
NAB SmartBrief | 11 days 23 hours 51 minutes ago
Negotiations between Comcast and General Electric to shift a majority stake in NBC Universal to the cable company appear to be moving along smoothly, but, according to cable-industry analysts, the deal is likely to draw plenty of interest...
NBCU properties get mobile-ad support from Greystripe
IAB SmartBrief | 82 days 51 minutes ago
A joint venture fund co-founded by NBC Universal and its parent, General Electric, have invested $2 million in San Francisco-based Greystripe, a company that distributes ads to ad-supported games and mobile applications. As part...
Comcast deal said to change the TV business
CTAM SmartBrief | 23 hours 51 minutes ago
As Comcast and General Electric appear to be putting the finishing touches on a deal that will give the cable company control of NBC Universal and its NBC broadcast network, the TV industry is coming to grips with just how much dynamics that govern...
GE posts Q2 earnings of 24 cents per share
ELFA SmartBrief | 130 days 51 minutes ago
General Electric posted second-quarter earnings of 24 cents a share. But the company posted a revenue of $39.1 billion, which is down 17% from a year earlier.
Berkshire Hathaway posts $3.3 billion profit for Q2
CFA Institute Financial NewsBrief | 106 days 51 minutes ago
...billion in profit for the second quarter. Gains on household names such as General Electric and Goldman Sachs, as well as some derivatives, helped bring the company back into the black after a $1.5 billion loss in the first quarter.
GE retrains executives with lessons from recession
ELFA SmartBrief | 17 days 23 hours 51 minutes ago
About 1,000 General Electric executives this year are receiving new training on scenario planning and risk management, the company said this week. "We were close to [the] financial meltdown...
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 |
