Word: ge
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...software engineer in General Electric's medical-systems division whose gripe echoes those of millions of mid-level professionals in corporate America. She says employees like her have been pressured to put in longer hours and take on more work to help her unit make its bottom-line numbers. GE's corporate elite are facing the same pressures, of course. But as anointed members of the GE star track, they're likely to spend 18 months to two years at a particular business before transferring to another--often leaving problems among the B's, a less mobile group, for another...
...GE PROFILE TRIVECTION OVEN Sure, the microwave is a technological miracle, but it's still used mostly just to defrost meat or reheat leftovers. GE's new flagship oven ($2,349 to $3,899; due this fall) combines thermal, convection and microwave cooking. A Thanksgiving turkey gets done in half the time but stays moist and crisp. And don't toss out your beloved cookbooks. The Auto-recipe tool converts conventional oven temperatures and cooking times...
...woke the company from Messier's Technicolor dream of becoming a major player in Hollywood. After an epic four-month auction among many of the world's largest media firms, the company signed a letter of intent with General Electric to merge its U.S. movie and TV businesses with GE's NBC. The result would be a new media giant that puts Vivendi's assets - Universal Pictures, theme parks in California, Florida, Spain and Japan, and four U.S. cable-TV stations - together with...
...will head the company called NBC Universal if the deal goes through. "We want to be in the content creation and distribution business in a bigger way, over a longer period of time. Universal was an opportunity that came our way to do that." Investors appeared to agree. GE stock shot up the day the deal was announced and ended the week up 5% at $31.04. Vivendi stock was up over 4% in the week following the announcement to €16.90. GE is betting that its hard-nosed approach to profitability can make the NBC Universal combination a success...
...Says "Fly Right" Charging undue favoritism, the European Union issued a warning after China Airlines, Taiwan's mostly state-owned carrier, ordered 24 engines from U.S. firm GE instead of the U.K.'s Rolls-Royce. GE admitted its engines are not even certified for the type of aircraft involved in the deal...