Word: ge
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...have a replacement candidate in mind to be the next Ikea CEO? No, I don't. We don't have a system like GE had, where they pinpointed three candidates. We should have two or three candidates, but we don't. I could have done a better job on it. I think about it all the time, and it's part of my responsibility. I still have work to do on that...
...starting to line up for bailout funds. Earlier this week, American Express filed to change its status to a bank-holding company, which would allow the credit-card giant to apply for TARP funds. Analysts estimate that AmEx could receive as much as $3.5 billion in federal aid. GE Capital is also reportedly looking into applying for a Treasury investment. The troubled finance unit of industrial giant General Electric could receive as much as an $18 billion investment. What's more, a number of members of Congress are pushing for TARP funds to be used to aid troubled automakers. President...
...executives who used to get loans from banks. But, like other non-bank lenders, Joseph says he is being much more selective about which companies he does business with. "We are tightening our lending criteria," says Joseph. "We are turning away many more new clients than we used to." GE Capital, one of the nation's largest non-bank lenders, has also reportedly decided to curtail its lending practices for the rest of the year...
...that time, foreign investment in Saudi Arabia has nearly doubled, to $23 billion. "Foreign businesses are looking at us differently," al-Dabbagh boasts. Companies with a long history of working in the kingdom say they've noticed the difference. "The say/do factor has improved significantly," says Nabil Habayeb, GE's CEO for the Middle East and Africa. "When the government tells investors it will do something, it usually gets done...
...commercial-services exporter running emergency rooms in the Middle East and transplant and cancer programs in Europe. It looks to companies such as Siemens and General Electric as role models, since both do basic research but have to develop profitable products. UPMC has formed a joint partnership with GE, called Omnyx, to develop an information-technology-based digital pathology business. Each company is investing $20 million...