Recent News: GE Healthcare, GE Energy, NBC, Lawsuit, Layoffs, GE Aviation, and Stock Performance

GE Healthcare Signs Global Molecular Diagnostic Agreement To Advance Respiratory Drug Development
GE Healthcare, a subsidiary of the General Electric Company (NYSE:GE) announced that it has signed a non-exclusive agreement with Merck & Co., Inc. to share technology on imaging of the lungs that may help to advance respiratory treatment development. Under terms of the agreement, Merck will be granted access to Spin Signal TechnologyTM (SST) utilizing hyperpolarized Xenon 129 gas, a molecular imaging agent that is under investigation by GE Healthcare to provide high speed, quantitative imaging of the lung using Magnetic Resonance Imaging (MRI). GE Healthcare originally licensed this technology from Princeton University....

GE Installs Its Newest Steam Turbine Technology for North Dakota Power Plant
GE Energy has applied its latest steam turbine technology to enhance the reliability and overall performance of North Dakota’s largest power plant, Great River Energy’s Coal Creek Station, located 50 miles north of Bismarck...

NBC to Enter All-Local-News Arena In New York
General Electric Co.'s NBC Universal is starting a 24-hour local news network in New York, in what could be the first of several such channels around the country. NBC hopes the network will draw in new viewers and help the company weather a weak local TV advertising market that has depressed revenue at many of its individual stations....

GE Consumer & Industrial to cut 450 salaried positions
GE Consumer & Industrial, the Louisville-based division of General Electric Co., informed employees Tuesday that the company is eliminating about 450 salaried positions, less than1 percent of the unit's nationwide workforce...

Lawsuit against GE will continue
Warren County Judge John Hall has denied General Electric Co.'s request to dismiss a lawsuit filed by 45 Fort Edward property owners whose homes and businesses were contaminated with an underground plume of an industrial chemical used by the company. Residents in the area blame the company for dumping trichloroethylene, or TCE, an industrial solvent GE used at its Broadway manufacturing plant....

GE sees new technology for next-generation CF34 viable in 2015
General Electric believes a new centreline successor to the next-generation CF34 engine for regional jets could be ready in the 2015 timeframe by leveraging technology from CFM International's Leap 56 programme and the GEnx....

GE stock may not be electric, but it should be OK
Q: I've owned General Electric stock for nearly 10 years and have been disappointed with its performance. What is wrong with it?
A: It's easy for investors to beat up on General Electric...