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...During his time at Alston, a wide range of for-profit enterprises with interests in influencing government health policy - including giants like UnitedHealth, GE Healthcare and the Health Industry Distributors Association - paid Daschle five-figure sums for speeches. UnitedHealth was also a "client" of Daschle's at Alston, as was the Great Plains Indian Gaming Association, a trade group representing tribes with casinos in the upper Midwest. And then there is Leo Hindery Jr., the former chairman of the cable-television industry's lobbying group, who hired Daschle as an adviser on a new investment firm and gifted him more...
USCAP called for a 42% reduction in U.S. carbon emissions by 2030 from 2005 levels, along with subsidies for coal plants that can capture CO2 and a market board to administer carbon offsets. And on Jan. 15, the leaders of USCAP - including GE head Jeffrey Immelt and DuPont chairman Charles Holliday - visited Capitol Hill to pitch their carbon-cutting blueprint. With Bush out of the way, it almost seemed likely. (See TIME's "Innovators of Renewable Energy...
...still never worked that GE was doing business with the same Citigroup that the man on the street was. All the money and imagination to put that company together were wasted...
...more competition is on the horizon. In the past two months, Goldman Sachs, Morgan Stanley, Raymond James, GMAC, American Express and business financier CIT have all applied to convert into bank holding companies, partly in order to be able to get access to cheap funding through deposits. GE Capital, the finance arm of GE, is planning on doubling its deposit base, which it garners through broker-sold CDs, to $81 billion next year. Goldman Sachs is on track to open an online bank. Morgan Stanley, which already has $36 billion in deposits, is selling billions of dollars' worth...
Lighting companies the world over are scurrying to capitalize on these shifts, including heavyweights Osram and GE. "The industry has been extremely proactive," says Russill of the Energy Saving Trust. Philips is making some of the biggest bets. Over the past two years, it has spent more than $4 billion on acquisitions aimed at positioning itself as a leader in digital, low-energy lighting. The plant outside Antwerp belonged to the consumer-lighting market leader Partners in Lighting, which Philips bought in 2006. The company followed that purchase a year later with the $2.7 billion acquisition of Genlyte...