Word: ge
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...preserve the break, the synfuel industry is lobbying intensely in Washington. The industry's Council for Energy Independence, whose members include Headwaters, GE Capital, Pacific Gas & Electric and other utilities, investment firms and coal companies, has been meeting with officials from Congress and the IRS. Says Kies, a former chief of staff of Congress's Joint Committee on Taxation, who heads the effort: "There is a lot of energy being put forth on behalf of taxpayers to force the IRS to back off of this...
...long struggle," says Bob Wright, 60, CEO of NBC and the man who would run NBC Universal. A day after the announcement, the GE executive relaxed in a corner office at NBC's Burbank, Calif., studios. Wright had spent the day in shirtsleeves, greeting Universal executives at a chicken-and-penne lunch and joking with his top lieutenants...
General Electric's old advertising slogan--"We bring good things to life"--conjured the comforting glow of a GE light bulb or the hum of a refrigerator. Real stuff. The company's new catchphrase--"Imagination at work"--may soon summon visions of the Hulk or a horse named Seabiscuit. With GE entering talks last week to merge its NBC unit with Vivendi Universal's entertainment assets, the industrial powerhouse has muscled onto a media stage already crowded with Schwarzenegger-size conglomerates. For GE, imagination may soon have to do some heavy lifting...
Should the deal go through, GE would get a huge factory of content for its NBC division--a factory that Vivendi couldn't run profitably. The onetime French water company that ex-CEO Jean-Marie Messier tried to build into a media empire imploded under huge debt and a devastated stock price. Now Vivendi will get its $14 billion asking price, including $3.8 billion in cash up front as well as a 20% stake in the new venture, while still hanging on to its telecommunications company Cegetel and the Canal Plus TV business. NBC Universal would unite the top-rated...
...GE, the marriage seems like an uncharacteristic risk, but perhaps a necessary one. Many of GE's divisions--plastics, power turbines, insurance--are faltering in the weak business climate. The company missed its storied, double-digit annual growth last year and may again this year; the stock has been halved from its high of $60 in 2000. Back in 1986, CEO Jack Welch diversified with a similarly risky move--by acquiring NBC. It paid off; NBC's profits surged 20% for the first half of this year, ahead of every other group save one. The merger, says Wright, shouldn...