Keyword: ge

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  • GE to Supply Engines for South Korea’s New Fighter Jets

    05/26/2016 6:27:20 AM PDT · by sukhoi-30mki · 5 replies
    The Wall Street Journal ^ | May 26, 2016 | IN-SOO NAM
    SEOUL— General Electric Co. has clinched a deal to supply engines for South Korea’s next-generation fighter jets. The U.S. conglomerate beat Eurojet Turbo GmbH, a European engine maker, to provide the F414-GE-400 engines, South Korea’s Defense Acquisition Program Administration said Thursday. A final contract will be signed next month, it said. The agency didn’t disclose the deal value, but a person familiar with the matter estimated it at $3.5 billion. The deal is part of one of South Korea’s most ambitious weapons-development programs. The project, Korean Fighter Experimental, or KF-X, is part of Seoul’s plans to replace its decades-old fleet...
  • Jack Welch Endorses Ted Cruz

    03/07/2016 11:34:56 AM PST · by ManHunter · 91 replies
    Newsmax.com ^ | March 7, 2016 | Sandy Fitzgerald
    Former General Electric CEO Jack Welch, who has been praising anti-GOP establishment for more than a year, called Texas Sen. Ted Cruz a "sure bet" on his Twitter page over the weekend.
  • Housing, jobs in high-tax Connecticut could take hit in wake of GE move

    02/05/2016 8:28:34 PM PST · by doldrumsforgop · 37 replies
    foxnews ^ | 2/5/16 | Barnini Chakraborty
    General Electric’s big move to Boston this summer could mean much more than leaving an empty corporate campus behind. Residents and small business owners in the tony town of Fairfield, Conn. – home to GE’s global headquarters for more than four decades – are bracing themselves for the collateral damage after the company announced last month it would be moving to Massachusetts and taking 800 jobs, millions in grants and opportunities for expansion with them. But that’s not even the half of it. The trickle-down devastation triggered by GE’s move is predicted to spare no sector. The real estate market...
  • When Business Becomes History – Why Industry is Leaving Connecticut

    02/05/2016 7:50:23 AM PST · by grayhog · 21 replies
    The Treehouse Letter ^ | 2/05/16 | MyLinh Shattan
    "Abe Lincoln may have freed all men, but Sam Colt made them equal." It's an interesting idea to ponder. President Lincoln is praised universally today, across the aisle, and around the world, but what of Samuel Colt? Who is Samuel Colt? ...The region reminds me of New York's former boomtowns like Kingston and Binghamton, and Connecticut's Waterbury and Hartford. These once vibrant communities and buildings were gutted by the twin blades of time and politicians, their facades decaying and cadaverous, lining streets and throughways like architectural tombstones. Where is everyone? Kingston and Binghamton were home to IBM and Singer Link....
  • See ya, CFL: GE moves on from fluorescent light bulbs

    02/01/2016 11:14:05 AM PST · by BenLurkin · 62 replies
    CNET ^ | 02/01/2016 | Ry Crist
    By the end of the year, GE will cease production and sales of compact fluorescent lights (CFLs), the manufacturer announced this morning. Moving forward, the company's focus will fall entirely on halogen incandescents and on high-efficiency LEDs. "CFL's kind of been the light bulb that everybody loves to hate," explained John Strainic, chief operating officer of GE Lighting, citing the history of complaints about CFL dimmer compatibility, brightness delay, and quality of light. Strainic says that the industry has come a long way, but admits that the perception of inferior performance lingers. "Ultimately, LED offers a better solution at a...
  • The Brothers Vonnegut: Science and Fiction in the House of Magic

    01/29/2016 9:46:15 AM PST · by Lorianne · 5 replies
    Amazon ^ | 2015 | author Ginger Strand
    My review: This book is fascinating on so many levels but one of the most interesting, and unexpected, is the government-science collusion in the study and manipulation of WEATHER and climate. Bernard Vonnegut, Kurt's brother was a scientist at GE. Kurt worked there in the public relations department (as did later Ronald Reagan). The author herself never claims this however, it is not hard to see the connection to this early government manipulation and hold over climate science and the origins of "climate change" came from government funded studies of weather by GE (General Electric) in the post war years....
  • GE lured to Boston despite Warren's best effort

    01/26/2016 4:01:58 AM PST · by luke1825 · 10 replies
    lowell sun ^ | 1/26 | Peter Lucas
    Elizabeth Warren must have been asleep. Otherwise General Electric, her arch enemy, would never have dared come into Warren's backyard, let alone announce that it was planning to transfer its headquarters to Boston. What a windfall for Boston. What an embarrassment for Warren.
  • China's Haier buys GE's appliance unit for $5.4 billion

    01/15/2016 7:53:48 AM PST · by Leaning Right · 32 replies
    CNN ^ | January 15, 2016 | Charles Riley
    General Electric has sold its appliance business to Haier for $5.4 billion, a deal that will greatly expand the Chinese firm's footprint in the U.S. Haier is best known as a manufacturer of household goods including washing machines, refrigerators and microwaves. In recent years, it has sought to expand into new international markets, including the U.S.
  • Massachusetts, Boston offered GE $145 mln in perks to move—governor

    01/13/2016 12:55:10 PM PST · by Hojczyk · 10 replies
    Yahoo Finance ^ | January 13, 2016
    The state of Massachusetts offered diversified manufacturer General Electric Co $120 million in grants and other financial incentives to persuade it to move to Boston, with the city kicking in another $25 million in tax relief, officials said on Wednesday. City and state officials regard the move as the linchpin of an effort to redevelop the city's southern waterfront, which has transformed from acres of parking lots to a massive construction site with about a dozen office and apartment towers under construction. "In addition to adding hundreds of high-paying jobs to our state, we look forward to partnering with GE...
  • One More Time: New Year Eve’s Saudi Power Deal Caps Off Historic 2015 For GE

    01/13/2016 12:53:10 PM PST · by Beowulf9 · 4 replies
    http://www.gereports.com ^ | Dec 31 2015 | Seth Martin
    GE finished a historic year of massive deals with one more win before the ball dropped in New York’s Times Square. On the last day of the year, the company announced a landmark power contract with the Saudi Electric Company valued at nearly $1 billion.
  • Boston lands new GE headquarters

    01/13/2016 9:47:53 AM PST · by DUMBGRUNT · 25 replies
    boston globe ^ | 13 Jan 2016 | Jon Chesto
    The company began looking to leave Fairfield, Conn., last year after state legislators threatened to raise corporate taxes. GE’s quest for a new global headquarters can be traced back to a decision by Connecticut Governor Dannel Malloy and Connecticut lawmakers last spring to significantly change business tax policies, to help fill a big state budget gap. The package, among other things, altered how multistate companies collect corporate taxes and how losses can be used to reduce tax bills over a period of years.
  • Will Connecticut's High-Tax, Union-Friendly Policies Turn Out GE's Lights?

    12/23/2015 7:48:19 AM PST · by SeekAndFind · 9 replies
    IBD ^ | 12/23/2015 | BY RED JAHNCKE
    In 2011, Democrat Gov. Dan Malloy claimed to have exacted "painful" concessions from state employees. Here's how the employees' lead negotiator, Dan Livingston, described the deal: * On retirement benefits: "Now we have an 11-year pension and health care agreement ... that no other state worker in the country has." * On job security: "Four years' job security. Nowhere else in the country will you find four years' job security." * On wage increases: "Giving up the raise next year (3%) .. . to get three threes in a row in the three out years. ... Arbitrators around the country...
  • GE admits they’ll move plant out of the country even if Ex-Im bank reopens

    10/26/2015 1:21:49 PM PDT · by SeekAndFind · 18 replies
    Hotair ^ | 10/26/2015 | Jazz Shaw
    The real news in this story probably isn’t the subject of the Ex-Im Bank (which has some Republicans sneaking around with Democrats in an effort to reopen it) or even General Electric. This is a case study in how the media reports on relatively wonky subjects in an effort to bend public opinion in a progressive direction. In a very lengthy article at the New York Times we learn about the sad closing of yet another GE plant, this one located in Waukesha, Wisconsin. They manufacture huge industrial engines there which can sell for more than a million dollars.The...
  • Getting Hired by GE Impresses Absolutely No One in Company's Amusing New Ads [Not!]

    10/22/2015 6:49:21 PM PDT · by WilliamIII · 21 replies
    Ad Week ^ | Sept 8 2015 | Tim Nudd
    You just got hired by GE. Why isn't anybody happy for you? That's the perplexing question facing a college graduate in BBDO New York's amusing new campaign, breaking Tuesday on The Late Show With Stephen Colbert. The problem, it turns out, is that the graduate, Owen, has been hired as a programmer—but everyone from his classmates to his parents thinks GE is still only a manufacturing company. This makes for some comically awkward ads, in which Owen tries to explain why people should be impressed by his new job—not giving him condolences or baffled stares.
  • GE, protesting Ex-Im Bank demise, threatened to offshore jobs which didn’t exist

    09/17/2015 8:10:07 PM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 09/17/2015 | Jazz Shaw
    Back in June we covered the story of General Electric throwing a fit of pique over the demise of the Export-Import Bank and threatening to ship their jobs overseas if the cookie jar wasn’t opened back up. The amount of sympathy which GE received from our readers and the conservative community in general was… muted to say the least. It seemed like a cheap, tawdry move which was designed to try to hold American workers hostage in exchange for getting what they wanted from the feds.That story took a rather odd twist this week when some new information came...
  • GE Cuts Texas Jobs, Sees Better Climate — In France

    09/15/2015 3:02:56 PM PDT · by entropy12 · 17 replies
    Investor's Business Daily ^ | Today, 2015-09-15 | CIARAN MCEVOY
    Blaming Congress' impasse on the Export-Import Bank, General Electric (NYSE:GE) said that it will move 500 U.S. jobs, some of which are deep in the heart of Texas, overseas to Europe and China in order to avoid losing business to foreign companies. The Lone Star State is one of the losers in GE's announcement Tuesday, as the U.S.-based jobs will be shipped from Texas, South Carolina, New York and Maine to France, Hungary and China. Lawmakers from Texas also have been vocal critics of the Ex-Im Bank.
  • Report: General Electric won’t move to Texas because Jeb Hensarling doesn’t support Ex-Im

    08/30/2015 3:07:44 PM PDT · by Kaslin · 32 replies
    Hotair.com ^ | August 30, 2015 | TAYLOR MILLARD
    General Electric is apparently not going to move to Texas because Congressman Jeb Hensarling doesn’t support the Export-Import Bank. Bloomberg cited the ever nebulous “people familiar with the matter” in their report on Friday. GE told Dallas business leaders in recent days it would look elsewhere for alternatives to its Connecticut home, said the people, who asked not to be identified because details aren’t public. They said GE cited some Texas lawmakers’ opposition to the U.S. Export-Import Bank, an important source of financing for some overseas sales. You can probably include Senators Ted Cruz and John Cornyn (allegedly), plus Congressmen...
  • GE rules out relocation to Dallas because of Texas politicians’ views, report says

    08/30/2015 8:07:02 AM PDT · by 2ndDivisionVet · 51 replies
    The Dallas Morning News ^ | August 29 2015 | Michael A. Lindenberger
    Neither Dallas Mayor Mike Rawlings nor officials from General Electric would confirm on Friday reports that General Electric Co. had decided against relocating its global headquarters to the city because of Texas politicians’ opposition to the Export-Import Bank. Republicans Rep. Jeb Hensarling and Sen. Ted Cruz have each been outspoken in their opposition to the Ex-Im Bank, a federal agency that offers loans, loan guarantees and credit insurance to help U.S. firms sell their products overseas. Hensarling’s opposition to the bank has grown from a small movement two years ago to a full-scale rebellion, dismaying the bank’s supporters among major...
  • Boeing, GE cut off donations to Ex-Im foes

    08/05/2015 8:45:59 PM PDT · by entropy12 · 22 replies
    Politico ^ | 8/5/15 | ANNA PALMER and JEREMY HERB
    When House Majority Leader Kevin McCarthy headlined a fundraiser in early June the room was packed with defense industry lobbyists, but reps from one megacontractor were missing — Boeing. Not only was Boeing absent at that fundraiser, the contractor has cut off all political contributions to the No. 2 House Republican over his support for killing the Export-Import Bank, which facilitates billions of dollars in low-interest loans to U.S. exporters like Boeing. General Electric, also a major supporter of renewing Ex-Im and a benefactor of the agency, has followed suit and has not contributed to the California Republican this year....
  • GE CEO threatens to outsource jobs if Congress shuts down Ex-Im Bank

    06/23/2015 7:10:34 AM PDT · by SeekAndFind · 19 replies
    Hotair ^ | 06/23/2015 | Jazz Shaw
    While conservatives have been nearly unanimous in calling for the end of the Washington slush fund known as the Export-Import Bank, Congress will clearly remain under a lot of pressure from powerful business interests. The authorization for the bank is due to expire at the end of this month, so no real action is required to make it go away beyond simply doing nothing. Given how that’s what Congress is usually best at, this sounds pretty easy, but one major employer has begun leveling threats as to what will happen if they don’t get to keep the scheme in place....
  • GE mulls moving HQ after Connecticut tax changes

    06/05/2015 5:49:53 AM PDT · by reaganaut1 · 14 replies
    CNBC ^ | June 4, 2015 | Jacob Pramuk
    General Electric is exploring a move from its Connecticut headquarters after it objected to tax aspects of the state's recently passed budget. The Connecticut legislature on Wednesday approved a $40 billion budget that would increase some business taxes. In a Thursday email provided by GE, CEO Jeff Immelt told Connecticut-based employees that he has put together a team to evaluate a move to another state with "a more pro-business environment." Immelt claims the company's state taxes have increased five times since 2011 and the new budget would impose "significant and retroactive tax increases for businesses." GE—which employs more than 5,700...
  • Gov Says He'll Revisit Taxes: GE Tells Employees It's Looking Elsewhere

    06/04/2015 11:02:28 AM PDT · by Biggirl · 35 replies
    Hartford Courant ^ | June 4, 2015 | Gregory B. Hladky,Daniela Altimari
    HARTFORD – As Gov. Dannel P. Malloy said Thursday he was open to tweaking the tax side of a budget that has alarmed several large Connecticut employers, General Electric told employees it has assembled an exploratory team to look for "another state with a more pro-business environment."
  • Carter to face Indian demand for engine technology

    05/31/2015 10:19:51 PM PDT · by sukhoi-30mki · 7 replies
    Business Standard ^ | June 1, 2015 | Ajai Shukla
    The US-India defence relationship needs an engine to drive it, say leaders on both sides. But there are different perceptions on what that engine might be. Americans believe the engine should be the "Defence Trade and Technology Initiative" (DTTI), a high-level committee of officials from both sides that moots projects for working together, and removes bureaucratic roadblocks. In January, when President Barack Obama met Prime Minister Narendra Modi in New Delhi, they "emphasised the ongoing importance of the (DTTI) in developing new areas of technology cooperation", according to a joint statement issued at that time. Indian officials are focused on...
  • Mitsubishi Corporation rumored to be readying a bid for GE Capital

    05/26/2015 12:21:38 PM PDT · by tcrlaf · 6 replies
    Fleet News ^ | 5-26-2015 | Fleet News
    Mitsubishi UFJ Financial Group is said to be among 12 companies which have signed non-disclosure agreements over the prospective acquisition of GE Capital Sponsor Finance. According to peHub, which first reported the news, other companies that have signed NDAs include Apollo Management and Ares Management. Other potential buyers are said to be Blackstone Group LP, Wells Fargo & Co, and American fleet management company Element. GE Capital Sponsor Finance is expected to sell within 90 days. In April, General Electric announced it was selling its global fleet management and leasing businesses because it was becoming increasingly difficult to generate a...
  • GE ENGINEERS JUST MADE A FULLY-FUNCTIONAL 3D PRINTED JET ENGINE

    05/14/2015 3:35:57 PM PDT · by SeekAndFind · 17 replies
    Digital Trends ^ | 05/14/2015 | Mike Murphy
    If you needed any more proof that you can make absolutely anything with a 3D printer, check out this video from GE. To showcase the versatility of 3D printing as a manufacturing process, a team of engineers at GE recently built a fully-functional, backpack-sized jet engine made entirely from 3D-printed parts. And it’s not just for show either — the team actually fired the engine up and took it up to 33,000 RPMs to demonstrate how robust the parts are. Now, obviously, since this is a jet turbine we’re talking about here, it wasn’t printed in ABS with the latest...
  • Clinton Foundation Corruption: Stay Tuned, This Could Still Get Interesting.

    04/23/2015 8:40:08 AM PDT · by NOBO2012 · 24 replies
    Michelle Obama's Mirror ^ | 4-23-2015 | MOTUS
    Try as I might to get away from the “Hillary, Hillary, Hillary” meme, I just can’t stay ahead of the baggage backup. Isn’t anyone going to claim this baggage?At the rate it’s flying down the chute these days even some of the MSM have been forced to acknowledge a few of the unsavory facts still swirling around our American Power Rangers. Whoa! That’s quite a bubba nose one of our Power Rangers is sportingStarting with formerly reliable (and supportive) Ron Fournier in the National Journal who writes an article titled “The Questions Hillary Clinton Doesn't Want Answered About the Clinton Foundation”...
  • GE's Intelligent LEDs Are A Gateway To City-changing Technology.

    04/18/2015 7:23:30 AM PDT · by BenLurkin · 30 replies
    thestreet.com ^ | "business wire"
    Cities on both U.S. coasts will soon begin piloting new GE technology designed to help them become more intelligent and efficient. San Diego, California, and Jacksonville, Florida, will both be trialing a new GE LED solution, which uses LED street lighting installations to connect, collect and analyze data being generated, harnessing the power of the Industrial Internet to help their city run better while providing new services and conveniences for residents and visitors. From high street lighting costs to traffic congestion, parking allotments and emergency response, cities across the world juggle a variety of challenges. GE is developing solutions that...
  • GE is spinning out most of its $500 billion GE Capital business, selling $26.5 billion real estate

    04/10/2015 4:59:18 AM PDT · by SeekAndFind · 17 replies
    Business Insider ^ | 04/10/2015 | MICHAEL B KELLEY
    General Electric announced a radical plan to slim itself this morning. It will sell the majority of its GE Capital assets, which represents $500 billion in assets. It will sell nearly all of its real estate portfolio to investors including Blackstone Group and Wells Fargo & Co for $26.5 billion. The company also said its board had authorized a share repurchase program of up to $50 billion. "This is a major step in our strategy to focus GE around its competitive advantages,” GE Chairman and CEO Jeff Immelt said in a press release.
  • Romancing the Stone ... Mark Steyn

    03/02/2015 11:08:16 PM PST · by Rummyfan · 10 replies
    Steyn Online ^ | 2 Mar 2015 | Mark Steyn
    I'm a little under the weather (which is not as chronic as being under the climate), but I wanted to add something to what I said the other day about thug operator Raúl Grijalva, Democrat Representative from Arizona and Ranking Member of the House UnEnvironmental Activities Committee. It is not a small thing when even a jumped-up twerp hack announces that the national legislature of the world's superpower is targeting seven private citizens for disagreeing with him. In this case Commissar Grijalva is clamping the electrodes to various climate scientists - Robert Balling, John Christy, Judith Curry, Steven Hayward, David...
  • Is It Time to Put Jeffrey Immelt's Face on Milk Cartons?

    10/18/2012 4:00:19 AM PDT · by PJ-Comix · 8 replies
    Self | October 18, 2012 | PJ-Comix
    Is it time yet to put the face of Obama's Jobs Adviser, Jeffrey Immelt, on milk cartons? Have you noticed that he is MIA? Could it be that Obama's own jobs adviser is out of sight because he really supports Mitt Romney?
  • Feds Looking for Company to Run 'National Data Warehouse' for Obamacare, Medicare

    01/02/2015 6:42:36 PM PST · by 9thLife · 30 replies
    The Weekly Standard via Drudge ^ | JAN 2, 2015 | JERYL BIER
    The Department of Health and Human Services (HHS) is looking for vendors to run its "National Data Warehouse," a database for "capturing, aggregating, and analyzing information" related to beneficiary and customer experiences with Medicare and the federal Obamacare marketplaces. Although the database primarily consists of quality control metrics related to individuals' interactions with customer service, potential contractors are to "[d]emonstrate ... experience with scalability and security in protecting data and information with customer, person-sensitive information including Personal Health Information and Personally Identifiable information (personal health records, etc.)." Vendors are also instructed that one of the requirements of a possible future...
  • Electrolux to Buy GE Appliances Business for $3.3 Billion

    09/08/2014 12:47:59 PM PDT · by WesternCulture · 27 replies
    online.wsj.com ^ | 09/08/2014 | Jens Hansegard and James R. Hagerty
    Electrolux AB has agreed to pay $3.3 billion to acquire General Electric Co.'s appliances business, a move that would put the Swedish group head-to-head with Whirlpool Corp. at the top of the U.S. market for white goods. The deal is the largest ever by Electrolux and comes amid consolidation among makers of stoves, dishwashers and washing machines. Whirlpool agreed to pay more than $1 billion this summer to acquire a majority stake in Italian company Indesit Co. , a purchase that would roughly double Whirlpool's business in Europe. Electrolux shares surged 5.1% in Stockholm on news of the deal.
  • GE wants part in domestic fighter jet development (South Korea)

    08/21/2014 4:33:38 PM PDT · by sukhoi-30mki · 6 replies
    The Korea Herald ^ | 2014-08-21
    General Electric Korea on Thursday expressed its willingness to join the South Korean government’s plan to develop a double-engine platform for its next generation of fighter jets. The U.S.-based conglomerate said it could do more good when collaborating with Korean companies in the KFX project, while promoting its rich history and competitiveness in the global aerospace industry. “GE has played a significant role in the development of Korea’s aerospace defense industry by providing jet engines, avionics and integrated systems,” said Khang Sung-wook, president and CEO of GE Korea, at a press conference in Seoul. “Through the KFX program, GE seeks...
  • GE in talks to sell historic appliance division

    08/14/2014 4:19:02 PM PDT · by Olog-hai · 42 replies
    Associated Press ^ | Aug 14, 2014 4:20 PM EDT | Jonathan Fahey
    General Electric confirmed that it is considering the sale of its historic appliance division, part of its effort to focus on selling more complex and profitable industrial equipment. The confirmation came after the Swedish appliance maker Electrolux released a statement Thursday that it was in discussions to buy the business from GE, which is based in Fairfield, Connecticut. …
  • GE-Sponsored Site Accuses Israel of War Crimes

    07/02/2014 8:19:22 PM PDT · by Nachum · 8 replies
    Free Beacon ^ | 7/2/14 | Adam Kredo
    The General Electric-sponsored explanatory website Vox.com is again facing criticism for biased and hostile reporting about Israel following a Wednesday article that accused the Jewish state of committing war crimes against the Palestinians following the murder by Hamas of three kidnapped Israeli teenagers earlier this week. Vox writer Max Fisher accused Israel of waging “collective punishment” against the Palestinians and preferring war to peace following Israel’s targeted military strikes on Hamas terrorists responsible for murdering the children and launching rocket attacks on citizens. Fisher argued that air strikes against Hamas are not justified because the killings were carried out by...
  • USN study revives GE's hopes for major F414 upgrade

    04/28/2014 9:34:39 PM PDT · by sukhoi-30mki · 9 replies
    Flightglobal.com ^ | 04/28/2014 | STEPHEN TRIMBLE
    A major engine upgrade for the Boeing F/A-18E/F Super Hornet fleet is being seriously considered by the US Navy for a programme launch in Fiscal Year 2016. GE Aviation and the navy jointly funded a one-year study – which kicked off last October – to examine the details of implementing a nearly 15-year-old proposal to upgrade the F414-GE-400 with the “enhanced durability engine” (EDE) kit. Following a decade of component and rig testing and several false starts on the export market, the study may be GE Aviation’s best hope of salvaging a programme that could improve the thrust of the...
  • GE: We Bring Bad Karma to Life. Obamacare dragging down their health care division's profits

    04/25/2014 7:20:01 AM PDT · by SeekAndFind · 19 replies
    Pajamas Media ^ | 04/25/2014 | Ed Driscoll
    “General Electric to investors: Obamacare is hurting our medical business,” Patrick Howley writes at the Daily Caller: General Electric is telling its investors that Obamacare is to blame for recent losses in the company’s health care division, The Daily Caller has learned.“Hospitals and clinics appear to be delaying purchases and responses to the ACA [Affordable Care Act],” stated GE senior vice president and CFO Jeffrey S. Bornstein in the company’s first-quarter earnings call.General Electric CEO Jeffrey Immelt, an outside economic adviser to President Obama, confirmed at a shareholder meeting Wednesday that the health sector is experiencing uncertainty.Asked at the...
  • GE Boss Jeff Immelt Says ObamaCare Hurting Business

    04/23/2014 4:36:39 PM PDT · by Oldeconomybuyer · 51 replies
    The Washington Examiner ^ | April 23, 2014 | BY PAUL BEDARD
    A week after General Electric blamed Obamacare for hurting its medical business, the company's chairman on Wednesday warned that uncertainty in the health care field will persist for much longer. “I think that there's still a lot of uncertainty in health care and we'll just have to see that over time,” warned Jeff Immelt during a shareholders' meeting in Chicago. Last week, the firm released financial figures which showed a rise in profits, but a cut in its medical business. That was blamed on companies and hospitals holding back on purchases of GE equipment out of concern over how bad...
  • Arming the Mullahs: Boeing and GE given export licenses to sell aircraft components to Iran.

    04/08/2014 7:26:43 AM PDT · by SeekAndFind · 9 replies
    Pajamas Media ^ | 04/08/2014 | Michael Ledeen
    Somebody on Twitter posted an upbeat message saying the US delegation to the latest round of talks with Iranian officials was quite optimistic. Don’t get me wrong, I’m a born optimist and I love optimism, but I’d rather revel in victory than hope for good news, and the Iranians have every reason to revel. The Obama crowd has just ok’d something the Tehran tyrants have desperately wanted since the eighties: spare parts [1] for their long-grounded American passenger aircraft. Boeing and General Electric were given export licenses by the Treasury Department and everyone involved has been chanting “we take...
  • Matthew Yglesias is Juice Vox Media’s Village Idiot and Liar-in-Chief

    03/27/2014 10:03:22 AM PDT · by shepardspie33 · 2 replies
    Red State ^ | March 27, 2014 | Erick Erickson
    Well, now we know why the Washington Post did not want to invest in Ezra Klein’s “explanatory journalism” nonsense. Turns out it is just a left-wing propaganda tool trying to spin instead of explain. Let us turn our attention to Matthew Yglesias, the Executive Editor of Ezra Klein’s new site. As my friend Pejman Yousefzadeh has well documented, Yglesias is just not that bright. He thinks Joe Lieberman is a dumb Jewish politician; was shocked to discover Senators represent the states as opposed to populations; was unaware of a black conservative tradition; couldn’t understand why Miami didn’t expand westward (hint:...
  • Scarborough To Rich Who Shield Money Abroad: 'You're Not Welcome in the USA: Leave!'

    01/21/2014 6:13:09 AM PST · by governsleastgovernsbest · 60 replies
    NewsBusters ^ | Mark Finkelstein
    Is Joe Scarborough taking tips from NY Governor Andrew Cuomo? Cuomo recently declared that conservatives who are pro-life, pro-Second Amendment and opposed to gay marriage "have no place in the state of New York." On today's Morning Joe, Scarborough took things a step further, telling rich people who shield money abroad to reduce their taxes "you're not welcome in the United States of America." Thundered the self-righteous Scarborough: "Follow your damn money. Leave! Go!" Wonder if Scarborough's banishment order applies to corporations as well as individuals? If so, say sayanora to Apple, Google, Microsoft, IBM, Cisco Systems, Hewlett-Packard . ....
  • Hudson River town wonders what's next as GE plant heads south in latest NY manufacturing loss

    12/29/2013 7:28:10 AM PST · by Red in Blue PA · 49 replies
    FORT EDWARD, New York — When General Electric moves jobs from its capacitor plant in this Hudson River town next year, worker Mark Rock figures he might have to leave, too. About 200 jobs will head south as soon as September when GE sends local operations to Florida to cut costs. While New York has had successes in the constant geographical tug of war for jobs, manufacturing jobs like these have been dwindling for decades. People in this area south of the Adirondack Mountains are the latest to wonder what comes next.
  • Hudson River town wonders what's next as GE plant heads south in latest NY manufacturing loss

    12/28/2013 7:15:01 PM PST · by Hojczyk · 50 replies
    The Republic.com ^ | December 21, 2013 | MICHAEL HILL
    FORT EDWARD, New York — When General Electric moves jobs from its capacitor plant in this Hudson River town next year, worker Mark Rock figures he might have to leave, too. About 200 jobs will head south as soon as September when GE sends local operations to Florida to cut costs. While New York has had successes in the constant geographical tug of war for jobs, manufacturing jobs like these have been dwindling for decades. People in this area south of the Adirondack Mountains are the latest to wonder what comes next. "The high-paying jobs that we have now in...
  • The FSOC Expands 'Too Big To Fail'

    07/22/2013 6:54:49 AM PDT · by george76 · 9 replies
    American Enterprise Institute. ^ | July 18, 2013 | Peter J. Wallison
    The FSOC’s decision to expand the too-big-to-fail designation to nonbank firms will be seen as the most damaging action taken under Dodd-Frank. It was no surprise that the Financial Stability Oversight Council (FSOC) decided last week to cite a number of nonbank firms as systemically significant, placing them in line for greater regulatory scrutiny by the Federal Reserve. What was a surprise is that — in the midst of a huge outcry in Congress about banks that are too big to fail (TBTF) — neither Congress nor the administration asked the FSOC to stop the designation process until the too-big-to-fail...
  • Honeywell introduces city-controlled thermostat system for homes

    06/12/2013 7:03:14 AM PDT · by biggerten · 119 replies
    St. Paul Pioneer Press ^ | 06/11/2013 | Julio Ojeda-Zapata
    Honeywell has announced a new Wi-Fi-controlled thermostat that is intended to be distributed by municipalities instead of purchased at retail by consumers in order to better manage energy consumption across a town or city. South Sioux City, Neb., will be the first community to deploy the new thermostat to help its 13,000 residents manage electricity costs, which are said to have risen steadily there in the past three years. In the future, other municipalities will recruit residents to reduce energy consumption when demand spikes, a strategy known as automated demand response, or ADR. As part of this, the residents would...
  • As Towns Say No, Signs of Rising Resistance to Smart Meters

    05/28/2013 7:21:52 PM PDT · by opentalk · 57 replies
    NY Times ^ | May 18, 2013 | Chris Hooks
    BRADY, Tex. — In October, the City Council of this Central Texas town voted unanimously to purchase advanced electric meters, known as smart meters, for the city-owned electric utility. But some residents resisted, and the smart meter vote played a large role in last weekend’s recall of the city’s mayor and the electoral defeat of two council members. Voters here passed a referendum last weekend to enshrine in the City Charter the right of residents to refuse the installation of smart meters on their property. Sheila Hemphill, an organizer of the effort, called the victory her “San Jacinto.” The reaction...
  • Smart Meters – Not a Smart Idea Health & Safety Risks of Wireless Utility Meters

    05/07/2013 4:05:52 AM PDT · by RightSideNews · 28 replies
    Right Side News ^ | May 7, 2013 | Rick Haymow
    There are now 322 million cell phone subscribers in the U.S. and 4 billion worldwide with over 5 million cell towers and antennas scattered across the planet. 20 million Americans currently use wireless laptops, tablets, and routers, and according to the Wireless Association, that number has increased by 50% in just the last two years. Wireless devices emit radio frequency radiation (RFR) that consists of low intensity high frequency radio waves of non-ionizing radiation in the microwave range of approximately 900 MHz to 2.4 GHz. Wireless RFR now permeates most cities and rural areas and is spreading at lightning speed...
  • GE Capital Quietly Cuts Off Lending to Gun Shops

    04/25/2013 7:31:45 AM PDT · by rktman · 24 replies
    The Blaze ^ | 4/24/2013 | Jason Howerton
    General Electric, Co. has been quietly informing gun shop owners that the company will no longer be providing lending services to them, the Wall Street Journal reports. GE Capital is apparently reconsidering its relationship to firearms companies following the Sandy Hook shooting.
  • GE Capital stops lending to gun shops: WSJ

    04/24/2013 12:30:39 PM PDT · by MulberryDraw · 54 replies
    Market Watch ^ | 4/24/2013 | Jim Jelter
    SAN FRANCISO (MarketWatch) -- General Electric Co' GE +2.36% financial unit, GE Capital, is cutting off lending to guns shops, according to a report Wednesday in the Wall Street Journal that cited letters sent by the company to several gun shop owners. "Industry changes, new legislation and tragic events" led GE Capital to reexamine its policies on financing firearms, spokesman Russell Wilkerson told the Journal.
  • GE to Cut Back Trains (Cut 950 Jobs, Some Go to Texas)

    04/10/2013 6:58:10 AM PDT · by Lorianne · 18 replies
    Wall Street Journal ^ | 09 April 2013 | Kate Linebaugh
    General Electric Co. GE +0.35%plans to cut 950 jobs at its unionized locomotive plant in Pennsylvania and shift one-sixth of the employment to a newer facility in Texas, citing weaker North American locomotive demand due to falling coal prices. The job cuts will begin in October pending a 60-day period of talks with union leaders. GE met with representatives from the United Electrical, Radio and Machine Workers union Tuesday. The company plans to add 160 jobs in Texas. GE's factory in Fort Worth, Texas—which isn't unionized and began locomotive production in January—is 20% more productive per employee than the more-than-100-year-old...