Wednesday, October 1, 2008

Recent News: Toasters Recalled, Agility Healthcare Purchase, Stock Buyback Program, and GE Oil and Gas Pipeline

General Electric toasters recalled
The U.S. Consumer Product Safety Commission announced a voluntary recall of General Electric toasters due to a shock and fire hazard. Importer Wal-Mart Stores Inc. of Bentonville, Ark., has received 140 reports of short circuits in the toasters causing sparks or fires, the commission said in a statement.

General Electric buys health care tech company
General Electric Co.'s GE Healthcare unit said Tuesday it bought privately-held Agility Healthcare Solutions in move to expand its software offerings which help hospitals coordinate patient care...

Here, There and Everywhere
Also last week, General Electric – a key company for U.S. employment and stock portfolios – shocked markets when it suspended a stock buyback program and indicated it may not boost its dividend in 2009 for the first time since 1976...

GE Oil & Gas' PII Pipeline Solutions Expands Staff and Engineering Services in Calgary for Canadian Operators
GE Oil & Gas has expanded its PII Pipeline Solutions technical staff and engineering analysis services in Calgary on behalf of Canadian pipeline operators. GE increased its pipeline data analysis department by 17 people in 2008 and its integrity engineering department to nine, full-time desk engineers, including a data software engineer to enable the newly enhanced levels of pipeline support services for its Canadian customers....

GE Healthcare Acquires Agility Healthcare Solutions, Broadening Capabilities to Help Hospitals Improve Their Performance
GE Healthcare, a unit of General Electric Company announced today that it has acquired the privately held Agility Healthcare Solutions of Glen Allen, Virginia. Financial terms were not disclosed. Agility Healthcare Solutions provides unique and innovative products that transform hospital workflow and patient care management...

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