By MarketNewsVideo General Electric (GE) announced that earnings in the fourth quarter increased to $4.01 billion, or 38 cents per share, from $3.73 billion, or 35 cents per share, in the same period last year. Revenue increased by 3.6 percent to $39.33 billion from $37.97 billion in the same period last year, while analysts had expected revenue of $38.76 billion.
Source: FULL ARTICLE at Forbes Markets
Tag Archives: GE
GE: New Focus On Oil And Gas Powered Rising Q4 Profit
By Abram Brown, Forbes Staff General Electric booked a stronger-than-expected fourth-quarter profit, propelled by its new shift into oil and gas equipment. Improved earnings at its financial business also helped.
Source: FULL ARTICLE at Forbes Latest
GE CFO sees no 'material impact' to results from Dreamliner woes
The troubles with Boeing Co’s Dreamliner aircraft could affect shipments of General Electric Co’s GEnx engine, but any changes likely would not be material to results for the largest U.S. conglomerate, a top GE executive said on Friday.
GE profit up 7.5 percent in quarter
General Electric Co reported on Friday a 7.5 percent rise in earnings, reflecting a campaign by the largest U.S. conglomerate to boost its margins as well as higher sales of equipment used in oil and gas production.
GE's Industrial Businesses Will Help Growth Despite A Weak Europe
By Trefis Team, Contributor We anticipate GE to post strong earnings growth in the fourth quarter driven by industrial businesses, somewhat offset by the slowdown in Europe.
Source: FULL ARTICLE at Forbes Latest
GE Still Relies Heavily on Its Capital Unit for Profit
General Electric Co. (GE) may be the world’s top producer of aircraft engines and medical-imaging equipment, but as far as its profits are concerned, GE is very much a bank.
Source: FULL ARTICLE at Fox Business Headlines
Is the U.S. the Next Low-Cost Region: Redux?
By SAP Guest, AdVoice By Tim Minahan, SVP of Global Network Strategy and Chief Marketing Officer at Ariba, an SAP company Production Line – Wright's Biscuits (Photo credit: Tyne & Wear Archives & Museums) In recent weeks, news of major brand-name manufacturers – from Apple to GE – bringing production back onshore has dominated the headlines. The […]
Source: FULL ARTICLE at Forbes Latest
MetLife, GE close long-delayed bank deposit deal
MetLife Inc has closed the sale of its deposit-taking business to General Electric Co , a move that allows the largest U.S. life insurer to start the process of dropping registration as a bank holding company.
MetLife, GE close deal for $6.4 billion in bank deposits
Clint Byrum (SpamapS): What can Cloud do for you?
For a while now, many in the computing industry, myself included, have been referring to the cloud as “utility computing”. Why, Amazon is just the GE of the age of utility computing, right? HP Cloud is just building power plants to compete in that marketplace. Plug in your code, and out comes computed things.. just like the light socket in your bedroom or the one out in the shop where you make custom cedar furniture in your spare time, right?
But let me ask you this, how much power do you put back into the grid on a regular basis? How many gallons of water have you fed back into the water supply?
When you use a compute cloud, you are not simply spinning up servers, and then sucking down compute power. You are pushing data into said cloud, and then processing it, and pushing said processed data back out of the cloud, and into the cloud again.
In fact, where you get value from using the cloud is that your data is your product, and thus needs to be transported to the end customer. If you make widgets, widget making is what you’re good at, not shipping. With software service, way you produce your product is by taking input data and running it through processing. The parallels to meat-space manufacturing are pretty interesting.
Computing seems special, because the speed with which raw materials (input data) can arrive is astronomically higher than say iron ore can arrive at a steel mill. Also, one can change the process without retooling anything physically. But these are both just variables in the same process. More liquid supply and demand simply means your process needs to be able to scale up and down elastically.
Cheaper process changes just means you can move into markets where the external factors change. This is why Google has dominated the search engine space by simply changing its search algorithm over and over, based on expectations of users and their own knowledge of how the web works.
But none of this changes what the cloud is. A steel mill needs a source of power to perform its processes. Isn’t that just what IaaS is?
Well again, they just consume the power, they don’t put any of the steel they generate into the power grid, do they? But in the cloud, your data ends up *in the cloud*. If the steel mill loses power, it stops the process. It does not lose the steel, and in fact, it can still ship the complete steel. Steel that is on the road is still kept on the road to customers.
But, if the steel mill’s transportation provider fails, that is more like a cloud component failure. The steel just sits there, and can’t get to customers.
It is for this reason that I think we can pull more interesting analogies (and hopefully, wisdom) from the transportation industry.
“Hello? UPS? Yes do you ship clouds?”
Given that, what are we doing wrong with clouds now that the transportation industry has figured out long ago?
Well for one thing, public clouds are really like shipping carriers, such as UPS or FedEx. They have massive markets and broad appeal. What they offer is not just fast time to delivery, but zero infrastructure, fast time to delivery. Call FedEx, they’ll come take whatever you give them and take it where you tell them to for a fee. This feels an awful lot like a private cloud provider. Last I checked, HP Cloud and EC2 were about as easy as attaching a credit card to your account. If your cloud provider isn’t as easy as this to use, why?
Also UPS and FedEx have spent years optimizing things internally. They’ve focused on pushing costs down and keeping SLA’s high. But externally, they’re just brown / purple&white trucks. Their brand keeps it simple. At some point the two big carriers bought the Mailboxes etc. and Kinkos. PaaS anyone?
Anyway, before I take this analogy too far.. I’m curious what others think. Should we stop calling it “utility computing” and instead just call it something else? “outsourced infrastructure”?
Source: FULL ARTICLE at Planet Ubuntu
IBM dominates 2012 patent count with Google, Apple surging
Its official: IBM has dominated the U.S. patent race for two decades.
IBM earned 6,478 utility patents last year, topping the list of patent winners for the 20th year in a row, according to data from IFI CLAIMS Patent Services. With its record haul, Big Blue bested its 2011 patent tally by 5 percent.
Samsung was the second-most prolific patent winner, with 5,081 patents received in 2012, according to IFI, which tracks and analyzes patent data from the U.S. Patent and Trademark Office. Canon placed third with 3,174 patents, followed by Sony (3,032), Panasonic (2,769), Microsoft (2,613), Toshiba (2,447), Hon Hai Precision Industry (2,013), GE (1,652), and LG Electronics (1,624).

Overall, the USPTO issued a record 253,155 utility patents in 2012, an increase of 13 percent compared to 2011. Seventeen U.S.-based firms made the top 50 list in 2012, the same number as in 2011. The number of Asian firms also held steady at 26, IFI reports.
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Source: FULL ARTICLE at PCWorld
Noteworthy ETF Inflows: IVV, AAPL, XOM, GE
By ETFChannel.com Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (AMEX: IVV) where we have detected an approximate $388.1 million dollar inflow — that’s a 1.1% increase week over week in outstanding units (from 242,700,000 to 245,350,000). Among the largest underlying components of IVV, in trading today Apple Inc (NASD: AAPL) is off about 2.4%, Exxon Mobil Corp. (NYSE: XOM) is up about 0.3%, and General Electric Co (NYSE: GE) is higher by about 0.5%. For a complete list of holdings, visit the IVV Holdings page »
Source: FULL ARTICLE at Forbes Markets
Closing arguments begin in Philadelphia mob trial
An attorney representing one of seven reputed mobsters charged in a wide-ranging racketeering case began his closing argument to the jury Thursday by paraphrasing what he said was a quote from one of “The Godfather” movies.
“You owe my client an apology!” Joseph Santaguida told federal prosecutors. He contended that government investigators spent 12 years and millions of dollars without uncovering a shred of credible evidence against his client, alleged Philadelphia mob underboss Joseph “Mousie” Massimino, or the six other men who have been on trial for more than two months.
“You make him sit here for three months, on edge, his family on pins and needles,” Santaguida said, then turned to the jury. “Not only do they owe him an apology, they owe you an apology.”
His fiery hour-long summation to jurors was in stark contrast to that of U.S. Attorney John Han, who spent 3 1/2 hours painstakingly outlining the government‘s case against the defendants who also include reputed acting mob boss Joseph “Uncle Joe” Ligambi.
The men ran their criminal enterprise like a corporation and used threats and violence to build the business, Han said.
“The mob is to the criminal underworld what IBM and GE are to corporate America,” he said.
The investigation stretches back to about 1999, when former boss Joseph “Skinny Joey” Merlino went to prison. Prosecutors say Ligambi, 73, has led Philadelphia’s La Cosa Nostra since then.
Han said testimony from mob turncoats and secretly recorded conversations prove the men on trial are either mob members or associates and are responsible for a “smorgasbord of crimes” that preyed upon the weak and vulnerable.
The trial started in mid-October and largely revolves around allegations of illegal gambling, extortion and loansharking. The case lacks the violence that marked Philadelphia mob trials in previous decades and Ligambi has a reputation as someone interested in making money, not headlines.
The last big mob indictment more than a decade ago alleged three slayings, part of a period during which more than 30 people were killed in gangland carnage starting with the 1980 execution of longtime boss Angelo Bruno.
Han told the jury that the newest incarnation of the Philly Mafia capitalizes on the reputation of its bloody past to control through fear because organized crime “could not exist without violence (or) threats of violence.”
“Violence is the lifeblood of the mob. Violence is the source of the mob’s power,” he said. “It is the engine that makes the wheels move.”
U.S. District Judge Eduardo Robreno said attorneys for five other defendants — Ligambi’s nephew and alleged consigliere George Borgesi, reputed capos Anthony “Ant” Staino Jr. and Joseph “Scoops” Licata, reputed mob soldier Damion Canalichio, and alleged mob associate Gary Battaglini — will present their final arguments to the jury Friday.
Ligambi’s lawyer will get his turn Monday. The jury is expected to begin deliberations Tuesday.
Ligambi, the alleged acting crime boss, spent 10 years behind bars for the 1985 hit on Frank “Frankie Flowers” D’Alfonso but was acquitted on retrial in 1997.
Merlino was released from prison in 2011 and lives in South Florida.
Source: FULL ARTICLE at Fox US News
Italy government welcomes GE acquisition of Avio
The Italian government welcomed the acquisition of the aviation unit of aerospace supplier Avio by U.S. giant General Electric , saying on Friday it was a demonstration of Italy‘s attractiveness to foreign and domestic investors.
Source: Fox Business Headlines
GE to buy aviation unit of Italy's Avio for $4.3 billion
General Electric Co has agreed to buy the aviation business of Italy’s Avio for $4.3 billion, in a sign of confidence about the country’s underlying strength despite its deep recession.
Source: Fox Business Headlines
GE to buy Avio's aviation business for $4.3 billion
General Electric Co said it would buy the aviation business of Avio S.
Source: Fox Business Headlines
GE deal on Avio imminent after Safran sidelined: sources
General Electric is set to clinch a deal to buy Italian aerospace supplier Avio whose parent company, Cinven, has ended talks with rival French suitor Safran , sources involved in the deal told Reuters.
Source: Fox Business Headlines
GE hikes dividend by 12 percent, boosts stock buyback plan
General Electric Co on Friday raised its dividend by 12 percent, with the higher payout starting in January, and it also authorized the buyback of another $10 billion in shares.
Source: Fox Business Headlines