Recent News: Annual Meeting, Recession, Italy, Jack Welch, Shareholders, and Jet Engines: F136.

Erie welcomes GE leaders, shareholders
With General Electric Co. shareholders, executives and board members coming to Erie for Wednesday's annual shareholders meeting, the timing seemed perfect that GE Transportation was able to flex its financial muscle in the latest company earnings report...

Recession reports - Shocking GE results show size of crisis
FT reported that General Electric underlined the depth of the global financial crisis announcing its worst quarter in five years and slashing full year forecasts.The news, described as shocking by a senior GE executive, combined with data showing that US consumer confidence was at a 26 year low to send shares lower...

GE seeking acquisition opportunities in Italy
General Electric Co is seeking acquisition opportunities in Italy among small- and medium-sized companies with 'superior' technology and a strong growth potential, said General Electric International CEO Ferdinando Beccalli...

Former GE chief holsters his criticism
Former General Electric CEO Jack Welch backed away Thursday from comments he made the previous day criticizing his successor for missing earnings targets...

GE's future may be focus of shareholders
Officials at Fairfield-based General Electric may find a tougher audience than usual as they face shareholders at the conglomerate's annual meeting this week...

GE Rolls-Royce fighter engine team completes F136 high-altitude tests
The GE Rolls-Royce Fighter Engine Team has successfully completed a high-altitude afterburner testing program at the US Air Force Arnold Engineering Development Center in Tennessee, including common exhaust hardware for the F-35 Lightning II aircraft. The F136 engine is a 40,000+ lb. thrust, combat engine that will be available to power all variants of the F-35 for the US military and eight partner nations. All test objectives were reached as planned using an engine configured with Conventional Takeoff and Landing (CTOL) and Short Takeoff Vertical Landing (STOVL) common exhaust systems. The engine configuration included a production-size fan and functional augmentor allowing several run periods to full afterburner operation...