general electric

Oprah Winfrey Network Draws More Than 1 Million Viewers

Oprah Winfrey%u2019s cable TV network drew more than 1 million viewers on its debut over the weekend. The new channel, Oprah Winfrey Network (OWN), launched at noon on New Year%u2019s Day, The Wall Street Journal said. It replaced Discovery Health in about 80 million homes.

CEOs 'Encouraged' by Business Talks with Obama

The CEOs of 18 big companies, including Google, Boeing and General Electric, met with President Barack Obama to discuss the U.S. economy and the country's international competitiveness Wednesday.

Ex-Showtime Exec Tapped to Run NBC Entertainment

Comcast has tapped former Showtime President Bob Greenblatt to run NBC Entertainment as the cable giant continues to reorganize the leadership at the network in advance of its proposed acquisition of NBC Universal from General Electric, Reuters reported.

General Electric to Invest $2 Billion in China

General Electric, the global conglomerate whose businesses include consumer and business financing, power generation, household appliances, aircraft engines, medical imaging and media content, said it plans to invest more than $2 billion in China through 2012 in research and development, technology and financial services partnerships.

What's Wrong at Rolls-Royce, and Who Will Benefit?

It's looking more and more like the explosion of a Roll-Royce engine on a Qantas-owned Airbus A380 last week wasn't an anomaly, but a sign of an as-yet unidentified design flaw. So how deep are the problems at Rolls-Royce, and which of its competitors are most likely to benefit from its troubles?

Solar Roads: Could the Sun Charge Your Car as You Drive?

What if your electric car could be recharged by the road as you're driving? From a remote workshop in northern Idaho, Scott Brusaw, an electrical engineer and retired Marine Corps Sergeant, is building a system to do just that. And on Thursday, GE announced that Solar Roadways was the top community vote-getter in the company's $200 million Ecomagination challenge.

GE Buys Dresser for $3 Billion

General Electric said Wednesday it would buy Dresser Inc., an energy infrastructure provider, for $3 billion, the latest in a series of deals and contracts from the U.S. conglomerate.

GE Capital Buys Citigroup's Retail Loans

General Electric unit GE Capital announced Tuesday that it had acquired the retail finance portfolios from Citigroup's Retail Partner Cards to add $1.6 billion in managed assets. Financial terms of the deal were not disclosed, but GE Capital expects it will immediately add to earnings.

Jack Welch Disses HP's Board: 'Who Are These Board Members?'

Days after Oracle CEO Larry Ellison urged the entire board of Hewlett-Packard to "resign en masse right away," former General Electric CEO Jack Welch has jumped on the diss-HP's board bandwagon. The criticism comes in the wake of HP's hiring of Leo Apotheker as CEO. "Who are these board members?" Welch asked.

FCC Dives Deeper Into the Comcast-NBC Universal Deal

The questions center on how Comcast distributes content and makes decisions on which programming to offer. Regulators are also questioning NBC Universal about its contracts with other content distributors like satellite, cable and phone carriers.

BAE North American Aerospace Units Up for Sale

BAE Systems PLC, the world's second-largest defense company by revenue, will auction off divisions of its North American commercial aerospace business, a sale that could net up to $2 billion, according to The Wall Street Journal.

GE-Hitachi Nuclear: A Global Sales Push

Hitachi and General Electric's nuclear power unit will open five new sales offices around the world by the end of this year. Target markets include the U.S., Vietnam, the U.K., Spain and Poland.

Fraud Files: Feds Crack Down on Overseas Bribes

The Foreign Corrupt Practices Act makes it illegal for companies to pay foreign officials to get or retain business, and the U.S. government has been stepping up FCPA enforcement actions: More than three times as many FCPA cases were brought in 2009 than were filed in 2005.

GE to Pay $23.5 Million to Settle Oil-for-Food Kickback Charges

General Electric (GE) today announced that it had reached a settlement with the Securities and Exchange Commission over charges of illegal kickbacks its subsidiaries paid to win contracts in the United Nations Oil-for-Food Program. GE has agreed to pay a $1 million penalty and give up the estimated $22.5 million in profits plus interest earned on the transactions.

Can This Earnings Season Keep Up Its Winning Streak?

The first peak week of second-quarter earnings season was just what the market ordered, thanks to some beat-and-raise reports from Dow blue chips. This week has more such big-name results on tap. And again, investors will be looking closely for top-line revenue growth.