kansascity.com (Free subscription) | yesterday
General Electric Co. spared investors any nasty surprises Friday as it reported a 22 percent drop in third-quarter earnings, meeting its own lowered forecast and blaming the decline on its struggling finance arm.
Seeking Alpha (Free subscription) | 10/10/2008
General Electric Company (GE) Q3 2008 Earnings Call Complete Story »
Market Watch (Free subscription) | 10/10/2008
U.S. stock futures pointed to another sharp day of losses Friday as the frozen credit markets and lack of faith in the financial system continue to hammer stocks around the globe. See indications for full pre-open coverage.
The Earth Times Online Newspaper (Free subscription) | 10/10/2008
Washington - US conglomerate General Electric (GE) experienced a massive fall in third-quarter earnings as a result of the ongoing financial crisis. With the weak financial sector, which normally contributes to a large portion of consolidated earning...
Business Wire (Free subscription) | 10/10/2008
CHICAGO--(BUSINESS WIRE)--Today’s “Options News,”
Seeking Alpha (Free subscription) | 10/10/2008
Rakesh Saxena submits: General Electric Co. (GE) may well project the image that the risk emanating from lower earnings has been substantively offset by heavy capital infusions, including a $3 billion package from Warren Buffett. However, GE today is one of the most shorted stocks in the marketplace; three-month put options at $17.50 and $15 respectively are highly recommended. For many weeks now,...
CEOWORLD Magazine (Free subscription) | 10/10/2008
I think GE’s greatest strength and weaknesses is in their higher levels of management. The businesses are great on accountability, metrics, efficiency, and other areas. GE is too big, too slow, too leveraged and too anti-customer to make it in the 21st century. But, from an accounting stand point they seem to be efficient however [...]
*michael parekh on IT* (Free subscription) | 3 hours ago
FOR A CHANGE General Electric (GE) has been another casualty in the current financial crisis in recent weeks, with a lot of investor focus on the financial arm of it's business. Even an investment by Warren Buffett in recent weeks has not been enough to prevent the stock being buffeted by the ongoing severe turbulence in the markets (sorry, couldn't help that). Being a glass half full kind of guy,...
PerezHilton.com (Free subscription) | yesterday
Seriously, what kind of idiots are running NBC? According to top executives at General Electric, the parent company of NBC Universal, the network somehow managed to fuck things up and lose money on the Olympics! Even though the Beijing summer games were a great success this year, NBC just didn't manage to make a profit. In their third [...]
Gizmodo (Free subscription) | yesterday
CNN reports that General Electric has created a giant OLED panel printer to be specifically used for lighting. The "semi-trailer" sized machine prints out thin layers of flexible plastic, covers them...
The Washington Times (Free subscription) | yesterday
HARTFORD, Conn.| General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings on Friday, meeting its own lowered forecast and blaming the decline on its struggling finance arm. The company's loan and lease business has been hammered by the worst financial crisis since the 1929 stock market crash.
ParaPundit (Free subscription) | yesterday
An article about General Electric illustrates the lack of credibility of the major debt ratings agencies. In addressing these many uncertainties, Immelt has hammered home the message of GE's commitment to its sacred triple-A rating. He took several steps to conserve capital, such as deciding not to increase the dividend next year and suspending the stock buybacks; Moody's (in which...
New York Post (Free subscription) | yesterday
The commercial paper market, used by companies to finance payroll and other daily expenses, is still largely frozen despite upbeat comments yesterday from General Electric chief Jeffrey Immelt. Commercial paper traders said yesterday that, while...
TechNology News By SeveNSize (Free subscription) | yesterday
MALTA — Gov. DeWitt Clinton was considered nutty for proposing to spend $7 million in 1817 to build a 363-mile canal from Albany to Buffalo, a public works project mocked as "Clinton's folly." Thomas Edison's decision to relocate from New Jersey and establish the General Electric Co. in godforsaken Schenectady in 1886 raised eyebrows.Derided by naysayers and considered ill-advised initially,
The Irish Times (Free subscription) | yesterday
GENERAL ELECTRIC yesterday painted a bleak picture of US consumers' financial health, saying that rising defaults on credit cards and other loans would force it to set aside up to $1 billion to cover losses this year.
