Save My Information  |  Forgot?
Home  |   IIR North America  |   IIR Europe  |   IIR Australia  |   What's New  |   About Us  |   Contact Us
Market Coverage & Databases  |   Industry Analytics  |   Tools  |   Online Store

  Premium News Article  

GE Splits $50 Billion Energy Business into Three Standalone Businesses

JOHANNESBURG--July 24, 2012--Written by Richard Finlayson, Senior International Editor for Industrial Info (Sugar Land, Texas)--General Electric Company (NYSE:GE) (GE) (Fairfield, Connecticut) announced a reorganization of its energy business. Chairman and CEO Jeff Immelt said, "Big companies are always fighting organizational complexity. We are taking action at a time when the energy business is doing well. The business had a solid quarter, with earnings up 13%, and has a big backlog of great products. Removing layers is one way to reduce costs and increase our speed, focus and agility in the market place so we serve customers better."

Read the Complete Article >>>

Details on this Article:
Industry Segment: Power
Word Count: 436 Words

  Login or Register now for instant access!

Username:        Password:     

Related Articles

Premium News Article  New Analytic Tool Gives Energy Traders Added Edge

Premium News Article  China Begins Construction on Largest Coal-Fired Cogeneration Power Unit in ...

Premium News Article  Scotland Clears Two Offshore Windfarms

Premium News Article  Vestas Clinches German Turbine Deal

Premium News Article  Main Powerhouse Excavation Kicks Off for CPI Ningxia Energy's Coal-Fired Zh...

This article is available for Premium Members only.

Subscribe Now! All Fields are Required...

First Name:
Last Name:
E-Mail Address:
Desired Username:
Confirm Password:
Subscription Type:
Pricing Help?
Pay-Per-Article - $5.95
Annual Premium News - $235.00
Annual Premium News with Archive - $395.00