John Rice, President and CEO, GE Infrastructure & Vice Chairman, GE hosted a global investor meeting to highlight our international presence. The meeting included global business leaders from several segments.
Location: Florence, Italy
John Rice, President and CEO, GE Infrastructure & Vice Chairman, GE hosted a global investor meeting to highlight our international presence. The meeting included global business leaders from several segments.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--GE's Board of Directors voted today to submit a proposal to shareholders to adopt a majority voting standard for the election of directors at the company's 2007 annual meeting.
Shareholders will be asked to vote on an amendment to the company's certificate of incorporation that will require each nominee to the Board to receive an affirmative majority of the votes cast to be elected. This majority-voting standard will apply in uncontested elections.
NISKAYUNA, N.Y.--(BUSINESS WIRE)--GE Global Research, the centralized research organization of the General Electric Company (NYSE: GE), today announced that it has received a $900,000 grant from National Human Genome Research Institute (NHGRI), part of the National Institutes of Health (NIH), to develop breakthrough technologies that will enable a human-sized genome to be sequenced for under $1,000 and take less than one day to complete. With current technology, the cost is now estimated to be between $10 million to $50 million and the time of sequencing takes at least one year.
NISKAYUNA, N.Y.--(BUSINESS WIRE)--GE (NYSE: GE) today announced a $13 million research partnership with the Federal Transit Administration, Ballard Power Systems and A123 Systems to develop a lightweight, battery dominant zero emissions hybrid fuel cell bus. The research will be led by GE's Global Research Center in Niskayuna, where researchers can leverage a long history in hybrid vehicles and expertise in battery chemistry.
STAMFORD, Conn.--(BUSINESS WIRE)--The Stamford Public School district has been awarded a $15.3 million, five-year grant from the GE Foundation's College Bound District Program, the district and the Company announced today. The grant, the largest non-government grant in the district's history, is designed to improve student achievement and increase college readiness through comprehensive school/business/community collaboration.
FAIRFIELD, Conn.--(BUSINESS WIRE)--Today, GE announced education grants totaling $35 million in two public school districts: $20 million to Cincinnati, Ohio; and $15 million to Stamford, CT. Both are the largest non-governmental grants ever received by the districts. The grants are a part of GE's successful "College Bound" program, a five-year, $100 million investment to help increase the number of students who go on to college in targeted U.S. school districts.
FAIRFIELD, Conn.--(BUSINESS WIRE)--GE announced today record third-quarter earnings from continuing operations of $5.1 billion or $.49 per share, up 10% and 14%, respectively, from third-quarter 2005. Revenues from continuing operations were $40.9 billion, up 12% from last year's third quarter.
"Our portfolio changes and long-term strategy are paying dividends," said GE Chairman and CEO Jeff Immelt. "The markets where we compete continue to be favorable for GE and our businesses are experiencing significant tailwinds.
Jeff Immelt, Chairman and CEO - GE; Keith Sherin, CFO - GE; and Dan Janki, VP Investor Communications - GE, hosted a conference call and discussed 3Q '06 financial performance.
Jeff Immelt, Chairman and CEO - GE; Keith Sherin, CFO - GE; and Dan Janki, VP Investor Communications - GE, hosted a conference call and discussed 3Q '06 financial performance.
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