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GE continues its efforts to refocus its portfolio toward its heavy-industry businesses and away from lower-margin consumer devices.
In Japan, GE's chief meets with executives of Tepco, operator of the crippled Fukushima power plant, and professes faith in the 40-year safety record of nuclear plants.
The conglomerate unwraps a new suite of technologies that it says will fundamentally change the operation of businesses like airlines, railroads, hospitals, manufacturing, and energy companies.
Critics want Apple to manufacture more products in the U.S. CEO Tim Cook does, too. But there's a lot in the way.
Growing demand for energy products gives developing countries an advantage in burgeoning clean-energy field, while U.S. picture is a "mixed bag," says GE CEO.
General Electric, a giant in clinical settings, has turned out to be a key partner for Wintel's health care ambitions.
Despite the threat of cuts to current energy research programs, Gates, in an editorial, says the U.S. should increase annual R&D from $5 billion a year to $16 billion for economic, national security, and environmental reasons.
Company is also creating a software nerve center in San Ramon, Calif., and is hiring 400 software pros to complement 5,000 others already focused on power plants, jets, and electric-car charging stations.
Jeffrey Immelt, who heads the largest U.S. conglomerate, says his focus on the environment may have led critics to think he wanted to save the planet at the expense of GE's growth.
The bulbs, which combine halogen and compact fluorescent elements, should retail for less than $10 each. GE says they light up without delay and should last 8,000 hours.