Word: ge
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...picture will mean other issues in the Sino-U.S. relationship are pushed aside in the early stages of the Obama presidency. Clinton brought along Todd Stern, the State Department's new special envoy on climate change, and will visit a high-tech, low-emissions power plant built with GE technology outside the Chinese capital to emphasize the potential for U.S.-China cooperation on greening industry. But experts don't expect any sort of quick agreement between the world's two largest polluters. "This is just the initial step to start talking about the issue," says Yan. "During the Bush...
...corporate program was officially launched in December, but even before then, a few firms had taken the, ahem, leap. Since 2005, Jody Wallace, who owns a PIU franchise in Ohio, has hosted about two events a month for local divisions of Procter & Gamble, GE, Yellow Book and Ryan Homes. She says she got the idea partly from watching parents sheepishly try out the equipment at their children's parties. "They got just as excited as the kids," she says...
...remarks made in New York, GE (GE) CEO Jeff Immelt said that the economy was in as bad a shape as at any time since the 1974 recession. If it should get worse, he remarked, "Once you break through '74-'75, you don't stop 'til you get to 1929." At almost the same hour, Bill Gross, the undisputed king of the fixed income world and chief of investments at Pimco stated "the U.S. may slump into a 'mini depression' unless policy makers spend trillions of dollars to spur growth." He did not make the distinction between a "mini depression...
...GE's (GE) board only has to answer one question. With its shares at a multi-year low and trading almost 70% below where they were twelve months ago, why is the company still a conglomerate? The only answer to that is that the board and senior management have decided to keep it that way. It has become harder and harder to defend having entertainment, medical products, and jet aircraft manufacturing under the same roof with several risky financial services units. While the company's CEO has defended that point of view, it is hard to imagine why the board...
...caught up with economist Sylvia Ann Hewlett, who has studied these issues forever. She's the founder of the Hidden Brain Drain task force, a group of more than 50 companies--including GE, Goldman Sachs and our own mother ship, Time Warner--that are exploring how employers can hang on to the people they can least afford to lose. Especially when companies need to reinvent themselves to survive, she warns, they can't afford the huge costs associated with stressed-out talent: "It's not good for the bottom line," she says, "and it's not good for individuals...