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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: General Electric

General Electric stories: 62 news summaries

41 - 60 of 62 Stories | << Prev 1 2 3 4 Next >>

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MARKETS

 Eyes on DC, Stocks Lift at Bell 

GE's cut estimates can't keep market down

Sep 25, 08 8:55 AM CDT
(Newser) - An estimate cut from GE couldn’t keep the markets down this morning, as bailout optimism drove the Dow up 88 points, with the Nasdaq and S&P each raising 0.7%, the Wall Street Journal reports. GE slumped 4% premarket after cutting its third-quarter estimates, and predicted that... More »

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stock market • General Electric • markets • third quarter earnings • bailout

O'Reilly Blasts
at GE Coming From Upstairs

Fox-NBC vendetta brings execs' bile into your living room

May 19, 08 11:12 AM CDT
(Newser) - Bill O’Reilly’s campaign against General Electric—the Fox News host has called CEO Jeffrey Immelt a “despicable human being” for doing business with Iran—is part of a feud with NBC that extends far up corporate ladders, the Washington Post reports. Fox News Chairman Roger Ailes apparently... More »

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NBC • Bill O'Reilly • MSNBC • General Electric • Fox News • Keith Olbermann • Roger Ailes • Jeffrey Immelt

 GE to Sell Appliances Unit 

Auction could fetch up to $8 billion

May 14, 08 6:17 PM CDT
(Newser) - General Electric plans to get out of the appliance business after more than 100 years, the Wall Street Journal reports. The company has asked Goldman Sachs to help auction its so-called "white goods" unit—washers, dryers, refrigerators, ranges, etc.—for up to $8 billion. The move follows weak... More »

MORE ABOUT:
General Electric • Jeffrey Immelt

 Wal-Mart Tops Fortune 500 

Exxon Mobil repeats 2007 performance, finishes second

Apr 21, 08 4:07 PM CDT
(Newser) - Wal-Mart nosed out Exxon Mobil for the second consecutive year to land atop the 2008 Fortune 500, with $37.7 billion in revenues, the magazine said today. In profits, the oil company far outstripped the megaretailer. Three of the top 5 on the list were oil companies, the AP reports.... More »

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Chevron • ConocoPhillips • Citigroup • Bank of America • General Motors • General Electric • ExxonMobil • Fortune 500 • Ford • Wal-Mart • AT&T

 GE CEO
 Parries Critics
 —Including
 Predecessor 

Despite missing earnings forecasts, Immelt says he'll stay the course

Apr 17, 08 1:23 PM CDT
(Newser) - General Electric CEO Jeffrey Immelt faced the music yesterday, as his predecessor, Jack Welch, raked him over the coals on his own cable TV network for missing first-quarter earnings forecasts. Immelt admitted GE “let people down” in downgrading its outlook for 2008, the Wall Street Journal reports. But he... More »

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General Electric • earnings reports • corporate earnings • Jeffrey Immelt • credit market chaos • Jack Welch

MARKETS

 Stocks Seesaw, Close Down 

Investors hold their breath for coming Q1 earnings reports

Apr 14, 08 3:34 PM CDT
(Newser) - Stocks wobbled today, eventually posting modest losses as investors still processing GE’s poor results absorbed Wachovia's unexpected losses and steeled themselves for more disappointment from first-quarter earnings reports. The Dow ended the day down 23.36 at 12,302.06, the Nasdaq dropped 14.42 to 2,275.82,... More »

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gas • Dow Jones • General Electric • Wachovia • Nasdaq • retail sales • S&P 500 • first quarter earnings

MARKETS

 Markets Plunge on GE News 

Dow drops 256 points after surprisingly weak earnings report

Apr 11, 08 3:46 PM CDT
(Newser) - The markets went into a tailspin today after GE shares declined 13%—the company's worst performance since the 1987 crash, the Wall Street Journal reports. The Dow fell 256.56 points to close at 12,325.42, the Nasdaq dropped 61.46 points to 2,290.24, and the S&... More »

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Dow Jones • General Electric • consumer confidence • Nasdaq • S&P 500 • first quarter earnings

Record $2.79B Spent Lobbying Last Year 

Health-product industry leads way in seemingly 'recession-proof' uptick

Apr 10, 08 3:49 PM CDT
(Newser) - Lobbyists made a record-breaking $2.79 billion on Capitol Hill last year, beating 2006’s record by $200 million. The healthcare industry led the way, spending $227 million on attempts to influence legislators, up 25% from the year previous. The insurance and real-estate sectors were right behind, Reuters reports. The... More »

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General Electric • health care industry • lobbyists • real estate wealth • US Chamber of Commerce

Olympic Sponsors Targeted Over China-Darfur Links

McDonald's and others supporting 'genocide Olympics,' activists say

Feb 20, 08 1:19 PM CST
(Newser) - Activists are preparing to plaster college campuses with posters with charges like “McDonald’s: Proud Sponsor of the Genocide Olympics,” hoping to pressure multinational corporations sponsoring the Beijing Games into doing more about Darfur, BusinessWeek reports. Buying oil from Sudan makes China a sponsor of the region's genocide,... More »

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China • Darfur • genocide • Steven Spielberg • McDonald's • Sudan • General Electric • 2008 Beijing Olympics • Mia Farrow • Adidas • activist • Dream For Darfur • Save Darfur Coalition

GE Q4 Profit Climbs 15%;
Stock Rebounds

Globalization, weak dollar drive growth; stock price jumps

Jan 18, 08 1:41 PM CST
(Newser) - GE profits rose 15% in the fourth quarter as overseas demand for jet engines and power turbines more than offset the weakness in the US economy, the company reported today. “They've really been a beneficiary of the whole global growth story,” an analyst told Bloomberg. GE stock was... More »

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NBC Universal • General Electric • earnings reports • Writers Guild of America • Hollywood writers' strike • Jeffrey Immelt

GE Money Loses Data on 650,000 Credit Card Holders

Missing customer info raises data breach fears

Jan 18, 08 4:29 AM CST
(Newser) - GE Money has lost a computer tape with the personal information of up to 650,000 customers of JC Penney and other retailers, reports the AP. The tape went missing in the warehouse of a data storage company. There's "no indication of theft" and none of the data has... More »

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JCPenney • General Electric • credit card • data • data storage • personal privacy

Indians Pray to the 'Visa God'

Priest uses deity to hook believers hoping to work in the West

Dec 31, 07 4:40 PM CST
(Newser) - Every week, 100,000 worshipers converge on a temple in Hyderabad, India, that honors a local incarnation of the Hindu god Vishnu. But the faithful aren’t praying for good health or fortune: They seek visas to the US and other Western countries, and the deity they’re praying to... More »

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immigration • Microsoft • India • General Electric • visa • Hyderabad • Hindu • Dell Inc • Vishnu • Lord Balaji • Chilkur Balaji Temple • H-1B visa

What's the Next Bright
Idea for Light Bulbs?

Two next-generation contenders emerge

Dec 22, 07 4:50 PM CST
(Newser) - Retailers will be banned from selling inefficient incandescent bulbs in 2012, but manufacturers say their bright idea about compact fluorescents came years ago and the industry was heading in that direction anyway. In fact, the coming years will see a wave of more efficient light sources—not only flourescents, but... More »

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Congress • compact fluorescent bulbs • General Electric • Environmental Protection Agency • LEDs • incandescent bulbs • Osram Sylvania • light bulbs • EnergyStar

GE Recalls 92,000 Ovens Over Fire Risk

Company offers affected customers rebates, free repairs

Dec 5, 07 8:01 PM CST
(Newser) - GE recalled 92,000 microwave ovens today because the appliances pose a fire hazard, the government said. The ovens, sold at department and appliance stores between January 2000 and December 2003, were sold as GE, GE Profile, and Kenmore products. The company reported no injuries stemming from oven use, but... More »

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General Electric • recall • Consumer Product Safety Commission • microwave ovens • fire hazard • GE Profile • Kenmore • Sears

Fukuda Govt Roiled by Scandal

Current finance minister tied to bribery bust of former defense honcho

Nov 28, 07 10:14 AM CST
(Newser) - In a growing corruption scandal, a former vice defense minister and his wife were arrested today over charges that he awarded contracts to companies that wined and dined him, the AP reports. Takemasa Moriya admits he enjoyed free golf trips and expensive dinners on the tab of the recently arrested... More »

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Japan • General Electric • bribery • corruption • Yasuo Fukuda • Takemasa Moriya • Motonobu Miyazaki • scandal

Cash-Poor
GOP Taps Rich Candidates

BYOBankroll, party tells aspiring legislators
with fat wallets

Nov 26, 07 11:55 AM CST
(Newser) - Suddenly losing the fundraising race, House Republicans are recruiting wealthy candidates to run for vulnerable seats next year, the Times reports. With $2.5 million on hand—compared to $29.2 in Dem coffers—the GOP is grooming candidates in competitive districts. Fourteen Republicans have already invested over $100,000... More »

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campaign finance • General Electric • J. Dennis Hastert • campaign contributions • Election 2008

Market Rises
on Strong
Jobs Report

September stats
strong, August losses revised to gains

Oct 5, 07 10:08 AM CDT
(Newser) - Stocks surged this morning after a highly anticipated jobs report came back reassuringly strong, with 110,000 US workers gaining jobs in September. At the same time, the upsetting August jobs loss—which fueled rampant recession fears—was revised to a gain of 89,000. Growth exceeded expectations among economists... More »

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Dow Jones • Alcoa • General Electric • Nasdaq • Department of Labor • school holidays • job

GE Turning Green; Unplugs
 Light Bulb Plants

Biz switching over to energy-efficient fluorescents

Oct 5, 07 6:19 AM CDT
(Newser) - Bowing to market pressure to switch to more energy-efficient lighting, General Electric is shutting down 7 of 54 plants and warehouses that serve its incandescent light bulb operation, reports the Wall Street Journal. Some 1,400 workers will lose their jobs, but only a third of them will be US... More »

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energy • General Electric • electricity • Light • Technology • Plant

Credit Crunch Hits Bond Market

Tight corporate borrowing could slow economy

Aug 20, 07 3:36 AM CDT
(Newser) - Ripples from the credit crisis have reached the corporate bond market—threatening to slow down the economy by seriously limiting the ability of major corporations to borrow money for new projects,  the Washington Post reports. Credit problems have already begun to bite into the future plans of Hertz, ... More »

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Federal Reserve • General Electric • money • Johnson and Johnson • US economy • Home Depot • Countrywide • bond market • Deere and Co • Wal-Mart

In Nardelli, Chrysler Found Its Maverick

Cerberus relying on tough-talking new
CEO to cut costs

Aug 7, 07 4:30 AM CDT
(Newser) - Former Home Depot chief Bob Nardelli has a reputation for being a brusque, hard-edged maverick, and that’s exactly what his new bosses at Chrysler want, Reuters reports. Cerberus Capital Management hopes to stem losses at the automaker by cutting costs, particularly in the delicate area of unionized workers. Nardelli’... More »

MORE ABOUT:
Chrysler • United Auto Workers • Cerberus Capital Management • Toyota • General Motors • unions • General Electric • Ford • Stephen Feinberg • Home Depot • Robert Nardelli • Tom LaSorda • auto industry

41 - 60 of 62 Stories | << Prev 1 2 3 4 Next >>


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