Recent News: GE Energy, Jenbacher Engine, China, GE Healthcare, and Spinoff on Hold

GE Energy announces opening of new Jenbacher gas engine packaging operation in China GE Energy, a business unit of General Electric Company (NYSE:GE), announced on Thursday (16 October) that the company's Jenbacher gas engine business, a manufacturer of gas-fuelled reciprocating engines, packaged generator sets and cogeneration systems for power generation, has opened a new regional engine packaging operation at GE's manufacturing centre in Hangzhou, in Zhejiang Province in southeast China....

How GE Healthcare Transformed Its Business Technology Strategy
Up until 2004, GE Medical (the name it was known by) primarily developed and manufactured medical devices, such as X-ray machines, and computerized tomography (CT) and magnetic resonance (MR) imaging devices. In the early 2000s, GE Medical developed a strategy to move beyond being a diagnostic imaging or a diagnostic systems provider, and toward becoming a healthcare company. Specifically, the strategy looked at early health, focusing on early diagnosis, intervention, and prevention. Their $6 billion acquisition of Amersham, a UK-based company, became key to GE Medical's strategy. Amersham was a global leader in life sciences and diagnostic imaging agents, which medical scanners use to highlight specific body parts for diseases....

Economic Crisis Puts GE Spinoff on Hold
If any benefit comes from the economic crisis, Decatur's General Electric employees may be the ones to experience it. In its earnings call for the third quarter, GE Chief Executive Jeff Immelt said the sale or spinoff of the appliances division, which includes the Decatur plant, is on hold....