Word: ge
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Dates: during 2000-2009
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...thing to be attacked by Jack Welch and quite another to be savaged by the European Court of First Instance. That's what Mario Monti, the E.U.'s competition Commissioner, is discovering. Monti famously withstood pressure from Welch, the former General Electric chairman, when the E.U. last year blocked GE's $43 billion acquisition of Honeywell. But last week Monti took a one-two punch from Bo Vesterdorf, president of the Luxembourg-based Court, in separate rulings that savaged the "errors, omissions and contradictions in the Commission's economic reasoning." The court overturned vetoes blocking two mergers: Schneider Electric...
...tell you, headquarters tends to get all the bells and whistles. In kitchen appliances, overkill isn't over. The trend toward commercial stoves and refrigerators, such as those by Viking and Wolf and Sub-Zero, has been reinforced by the shift of such traditional makers as Whirlpool, Maytag, GE and Amana into professional-quality gear and by a changed appearance in the everyday American kitchen. "Everyone is striving for a commercial look," says Tommy Genussa, president of TAG Homes Inc. in New Orleans. "That means stainless-steel appliances. Even in modest homes, the movement is toward as much stainless steel...
...Kantonal-bank, which bought majority voting rights in the stakes, has said already it will adopt a less activist stance than Ebner's. At least Buffett is carrying on the shareholder mission; he is currently insisting that stock options be recognized as costs. The latest U.S. corporation to agree? GE...
...diversification by owning global companies such as General Electric and Gillette or the mutual funds that hold them. That logic always sounded a bit twisted to me. When the air gets let out of a market, few stocks are spared, no matter where they derive their profits. Gillette and GE, for example, have been cut in half from their highs...
...started experimenting with wind power, windmills were about 20 m high, with blades 10 m in diameter and an output of 55 kilowatts. Today's windmills stand 100 m off the ground, have blades that span 75 m and are capable of producing 2-2.5 megawatts. The U.S. firm GE Wind Energy recently announced new turbines capable of producing 3.5 megawatts offshore. The technological improvements have lowered the production cost of wind power to about one-fifth what it was 20 years ago - a level that promoters say is broadly competitive with newly constructed coal- or even gas-fired plants...