Immelt, Paulson, Financial Crisis, Unionized Workers Job Cuts

Immelt, Paulson Talk Financial Crisis ($)
General Electric Co. CEO Jeff Immelt interviewed Henry Paulson about the former Treasury Secretary's new book on the financial crisis at an event last week. But the two didn't address potentially controversial conversations Mr. Paulson's book says the two had at the height of the crisis.

The discussion at the 92nd Street Y in Manhattan Thursday evening was framed around Mr. Paulson's new book, "On the Brink: Inside the Race to Stop the Collapse of the Global Financial System," and gave Mr. Paulson a chance to present his view of the crisis. Mr. Paulson defended his actions, which he believes ...

GE's unionized workers bore brunt of cuts, WSJ blog says
A report at the Wall Street Journal's web site today says unionized and service workers bore the brunt of job reductions at General Electric Co. last year. According to GE's annual report filed with the Securities and Exchange Commission on Friday, the overall workforce fell 5.9 percent to 304,000 at the end of Deember from 323,000 a year earlier.  But the company's unionized manufacturing and service workforces fell 19 percent to 15,600 from 19,250 in December 2008, according to the MarketBeat blog at wsj.com.

Recent News: Unions, Air Force Tanker Deal, GE Consumer & Industrial, GE Security Detection, Electric Cars, Lawsuit, and Jet Engines

GE set to give union notice
General Electric Co. management will put the union representing 275 warehouse employees at Louisville's Appliance Park on notice today that it is pursuing plans to outsource the work performed there unless productivity improves, IUE-CWA Local 761 Vice President Larry Badgett said....

Europe wins tanker deal, but GE still supplying engines
General Electric Company CF6 engines will power the Northrop Grumman KC-45A aircraft, which was selected Friday by the United States Air Force (USAF) for its tanker replacement program...

GE Consumer & Industrial wins Energy Star award
For the third year in a row, GE Consumer & Industrial, a Louisville-based unit of General Electric Co., has received the Energy Star Partner of the Year "Sustained Excellence" award from the U.S. Department of Energy and the U.S. Environmental Protection Agency...

GE Security Detection System Delivered to Abu Dhabi Airport
GE Security, a business of GE Enterprise Solutions, announced its Homeland Protection business has sold and delivered two CTX 9000 DSi advanced technology explosives detection systems to Abu Dhabi International Airport...

A123Systems wins GE funding for electric car partnership
Watertown lithium ion battery maker A123Systems Inc. has cut a new deal with a Norwegian electric car manufacturer that puts its nanophosphate power plants at the heart of a five-seat "crossover" style vehicle...

GE Energy, Invenergy Wind Sign 2nd Supply Pact Worth Over $1 Billion
General Electric Co.'s (GE) energy unit received a wind turbine supply pact from Invenergy Wind LLC worth more than $1 billion...

Firm Sues GE For Alleged Side Effects Of MRI Dye Product
General Electric Co. (GE) is being sued for its potential side effect from its Omniscan product, which allegedly causes a debilitating disease for patients with pre-existing kidney diseases...

US wants changes on some jet engines, GE to fix
U.S. safety investigators urged regulators on Wednesday to require upgrades and design changes to a popular regional jet engine made by a unit of General Electric Co...

GE bets $24M on electric cars
General Electric Co. is investing $24 million in two companies that are developing technology for innovative plug-in electric cars....

GE Workers Union Deal

- Union Members Ratify GE Contract (Forbes.com)

- GE U.S. workers ratify new four-year contract (Reuters)

- UPDATE: Unions Representing GE Workers Ratify New Contracts (CNNMoney.com)