Tuesday, March 25, 2008

Recent News: GE Aviation Biofuels, Corinne A. Johnson, GE Healthcare, Texas Wind Farm, Locomotive Pollution Standards, Connect with Immelt and more...

Continental, Boeing and GE plans for Sustainable Biofuels Flight
Continental Airlines , Boeing and GE Aviation have announced plans to conduct a biofuels demonstration flight in the first half of 2009 in an effort to identify sustainable fuel solutions for the aviation industry. Continental is the first major U.S. carrier to announce plans to highlight technological advancements in sustainable biofuels that can help to further reduce carbon emissions...

Corinne Johnson, 49, first woman to lead GE's Lynn plant
Corinne A. Johnson, the first female general manager at General Electric Co.'s aircraft engine plant in Lynn, walked the shop floor to meet workers. At GE Aviation, based in Cincinnati, she lobbied for the plant to build more engines for fighter jets, attack helicopters, and Marine One, the presidential chopper...

GE Healthcare Says It Continues Market Leadership Position In Compact Ultrasound Industry In 2007 - Quick Facts
GE Healthcare, a division of General Electric Co., announced, citing a recent industry report issued by Klein Biomedical Consultants, that its global compact ultrasound business revenues were $260 million in 2007, 50% higher than last year. This surpasses the 42% worldwide industry market growth for compact ultrasound in 2007...

GE to unveil plans for West Texas wind farm
General Electric Co. will announce today its 10th investment in a Texas wind farm. This one is in the West Texas town of McAdoo, and it comes with a crucial construction deadline...

GE embraces tougher locomotive pollution standards
Environmentalists and Erie-based GE Transportation are applauding new pollution-cutting regulations announced Friday by the Environmental Protection Agency.The EPA will require locomotives and U.S.-flag ships and passenger ferries to cut soot by 90 percent and smog-causing chemical releases by 80 percent...

GE Healthcare continues to grow ultrasound business
GE Healthcare continued as the global market share leader in the compact ultrasound industry in 2007, as cited in a recent industry report issued by Klein Biomedical Consultants.GE announced today that the company's global compact ultrasound business grew revenues to $260 million in 2007, growing 50 percent compared from the prior year....

GE Puts CEO Online to Connect with Shareholders
We’ve blogged several times about the efforts of some companies to establish two-way dialogs with their customers through initiatives such as online forums — and their mixed results. Continental Airlines, for instance, has won kudos from its customers for its policy of employing a dedicated person to monitor online chat forums and even to visit some customers in person at feedback events around the country. Dell, on the other hand, has been less successful with its Ideastorm site and its own interactions with sites such as the Consumerist.com.
One of the most intriguing attempts yet at engaging folks online — specifically shareholders — was a recent live Webcast with General Electric CEO Jeffrey Immelt.

Florida opts for GE Security
GE Security has announced the State of Florida has deployed GE’s Identity Commander security platform to its 12 deepwater seaports as well as its Dept. of Highway Safety & Motor Vehicles headquarters in Tallahassee....

Economic slowdown causing G.E. layoffs
G.E. is acknowledging that the tough economy is hitting its appliance business harder than was expected. Layoffs are coming to the executive ranks at the Louisville headquarters and across the U.S. The number of cutbacks is not yet known...

Equity in brands
Value-stock fund manager sees bargains in Honda, GE, Best Buy

One anomaly of the stormy U.S. stock market is how quality is being priced at a discount. Shares of many big, brand-name companies with strong cash positions and dominant, global market share are trading at below-normal valuations....

Now, GE Seeks Others' Money
General Electric Co., which has long been one of the country's largest real-estate investors with its own money, is planning to begin investing money belonging to others....

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