Jeff Immelt

Aerospace is an intensely nationalist business. But not only do aircraft makers get tied up in international political dogfights, such battle lines are drawn between states as well. Witness the just-completed competition between blue state Boeing and red state Airbus.

If we measure competitiveness by profits and cash balances, domestic companies have never been stronger. Unfortunately, that competitiveness has come out of the hides of the country's workers -- nearly 15 million of whom are out of work.

Helped by the expansion of its industrial business, General Electric expect to boost its revenue in fiscal 2011, CEO Jeff Immelt said in a presentation to investors Tuesday.

The conglomerate said Tuesday that it plans to invest more than $2 billion in China through 2012 in research and development, technology and financial services partnerships. The move marks GE's "confidence in China's long-term economic prospects."

In theory, the role of the director of the White House National Economic Council is to present the president with an unbiased range of economic opinions. Larry Summers didn't do that -- he promoted his own views instead. But what will his successor do -- and will it make any difference?

General Electric chief executive officer Jeff Immelt, speaking at the Detroit Economic Club, told listeners in the hard-hit city that it was time for America to rebuild its manufacturing base. "While some of America's competitors were throttling up on manufacturing and R&D, we de-emphasized...

General Electric (GE) posted a net profit that's down 35 percent from last year, but beat Wall Street expectations. Wall Street expected a 21 cents per share profit and GE posted a profit of 26 cents per share. Revenue for GE fell 9 percent to $38.4 billion. Analysts forecast revenue to hit $39.8...

No one asked General Electric (GE) CEO Jeffrey Immelt to give up his $12 million bonus -- at least as far as anyone knows. But he did. According to Reuters, "Jeff Immelt has waived his right to a bonus and performance-based pay that would have netted him more than $12 million in cash." The GE board...