Recent News: Class Action Lawsuit, GE Honda, and GE Healthcare

The Rosen Law Firm Files Securities Class Action Charging General Electric Company With Violations of the Federal Securities Laws -- GE
The Rosen Law Firm today announced that it has filed a class action lawsuit on behalf of all purchasers of General Electric Company common stock and call option during the period beginning September 25, 2008 through and including October 1, 2008. To join the GE class action, go to the website at http://rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action.

NBAA 2008: Tough testing for GE Honda powerplant
Work on GE Honda’s HF120 advanced 2,000lb thrust turbofan propulsion system is proceeding apace – with formal certification testing still on target to begin at the turn of the year. This year has been all about design validation, according to GE Honda’s president Bill Dwyer, who says the new engine will give great customer value in terms of “price point, weight, fuel efficiency and maintenance costs”....

Curing What Ails GE's Health Unit
GE Healthcare sells machines that discover why people are sick. The General Electric Co. unit's new chief executive, John Dineen, now must cure what ails the business. The division has been plagued by factory-production glitches that led to a federally ordered plant shutdown, an aborted acquisition and shrinking insurance payments that crimp demand for GE's products. The unit's operating profit fell 4% in the first half of 2008, after declining 3% last year. This summer the division laid off hundreds of workers...