Recent News: GE Healthcare, M&A, Lawsuit, EPA, and Climate-Change Costs

GE Healthcare teams with Centrak to introduce battery-based RFID asset optimization solution
GE Healthcare today announced a predominantly battery-operated radio frequency ID (RFID) tracking system in partnership with CenTrak, Inc. of Newtown, PA. The new asset optimization solution, an innovative introduction to the marketplace, will enable healthcare facilities to reduce installation barriers and costs, compared to current RFID systems, thereby serving them to maximize return-on-investment (ROI) potential. In addition, the solution’s ability to accurately view locations at the room-level will enhance a hospital’s operational efficiency and improve overall patient care...

GE Healthcare Customers Realize Beauty of Science as Research to Be Published in Times Square
GE Healthcare, a leading global provider of automated high content analysis systems, will display winning entries from its IN Cell Analyzer(tm) Image Competition 2007 on the NBC screen in Times Square, New York on March 7 and 9, 2008...

Notable Mergers and Acquisitions of the Day 1/24 (ALY, BRNC, GE, GSIC)
Global Infrastructure Partners, a fund backed by GE and Credit Suisse Group is the new front runner in the potential buyout of U.K. waste management firm Biffa. Biffa says GIP has joined with Montagu Private Equity on the deal. TheDeal reported this news earlier this morning...

Business Books: Author says Welch's tough talk strengthened GE
Jack Welch transformed General Electric Co. from an old-economy manufacturer into a modern conglomerate, in part because of his insistence on a culture of straight talk, according to a new book by his former speechwriter...

GE attorney's class action lawsuit to go forward
A high-ranking attorney for General Electric Co. can go ahead with her class-action lawsuit against what she calls the "very male-dominated culture" in the international conglomerate, a federal judge has ruled...

EPA gives GE the OK to dredge less soil
General Electric is going to dredge one-third less of the volume of PCB-tainted soil in the Hudson River, but the company says a focus on the stretch between Troy and Northumberland will lead to the removal of two-thirds more of the chemical...

GE Can't Block Shareholder Vote On Climate-Change Costs
General Electric Co. (GE) cannot block shareholders from voting on a global-warming measure pushed by the Free Enterprise Action Fund, the Securities and Exchange Commission staff has decreed. The decision is a victory for the tiny mutual fund, which is demanding better corporate accountability regarding the cost of climate-change initiatives...