GRAND RAPIDS, Mich.----GE Aviation Systems is a key supplier on the 787 Dreamliner providing aircraft systems from take-off to touch-down, the common core system and the landing gear system, on today's historic first flight.
General Electric Co expects to record flat profit across its big industrial units next year, as a sluggish global economy crimps sales for jet engines, electric turbines and other heavy equipment.
General Electric 's earnings in 2010 are likely to be flat, but Jeffrey Immelt, its chief executive, expects a simpler, more focused company to post healthy returns in 2011 and 2012.
Comcast Corp. customers can now watch several cable TV shows and movies over the Internet, a move aimed at helping the cable TV operator manage the flight of viewers to online video.
The stock market fell for the first time in five days and Treasurys slipped after a jump in inflation stoked concerns that the Federal Reserve would be forced to raise interest rates.
The economy flashed a warning sign of inflation Tuesday, but the recovery is so fragile that experts say a doomsday scenario of runaway prices and higher interest rates is a long way off, if it happens at all.
GE Aviation, a unit of conglomerate General Electric Co., said Tuesday it took part in demonstrations of an unmanned aircraft system controlled by GE equipment that can be used in commercial aircraft.
General Electric CEO Jeffrey Immelt said Tuesday the giant conglomerate is undergoing a renewal after what has been one of the most difficult years in the company's 117-year history.
NBC's football and CBS' dramas and comedies were favorites among TV viewers last week, according to the Nielsen Co. The top show was NBC's Sunday night faceoff between the Philadelphia Eagles and New York Giants.
Federal regulators are seeking to close a loophole that allows cable TV operators to withhold sporting events and other popular programming that they own from rival providers such as satellite TV.
When Jeffrey Immelt, the General Electric chief executive, last week accused his generation of business leaders of "meanness and greed" and contributing to a growing inequality gap, he took the executive mea culpas that have followed the financial crisis a step further.
OneChicago announced today that it is planning to launch OCX.Weekly™ futures on January 15, 2010. OCX.Weekly futures have been designed in consultation with market participants to provide the ability to use the synthetic stock loan and financing features of single stock futures and the related Exchange Futures for Physical transaction over a shorter term than monthly single stock futures currently allow.
FAIRFIELD, Conn.----GE today will provide an update on its 2009 financial performance and supply its operating framework for 2010 at the Company's annual outlook meeting in New York.
Among the premarket stories for Tuesday, Dec. 15, from AP Financial News: -- At least two analysts upgraded Wells Fargo & Co. a day after the national bank said it would repay $25 billion in bailout money.
Industrial conglomerate General Electric Co. will make the case to analysts and investors that it is refocusing the company in the right direction at its annual analyst day Tuesday.
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