GENERAL ELECTRIC

U.S. stocks extended a rout on Friday after a top U.S. senator confirmed the market's worse fears, saying it may be necessary to nationalize some banks, as the S&P 500 closed in on an almost 12-year low. Senate Banking Committee Chairman Christopher Dodd said the nationalization of some banks could be needed at least for a short time, according to a Bloomberg report. The S&P briefly...

rose, reflecting the payouts under the long-term incentive plan. It is important that the board and I have the freedom to compensate our senior executives in a fair and reasonable way, Immelt said in the statement. GE shares rose 4 cents to $10.85 in pre-market trading, up from a $10.81 close on the New York Stock Exchange. (Reporting by Scott Malone; Editing by Derek Caney and Steve Orlof...

- General Electric Co Chief Executive Jeff Immelt has waived his right to a bonus and performance-based pay that would have netted him more than $12 million in cash, the Financial Times said, citing people familiar with the company's plans. The decision was approved by GE's board this month. Immelt will continue to earn performance-share units, which may be converted into GE stoc...

- General Electric Co Chief Executive Jeff Immelt has waived his right to a bonus and performance-based pay that would have netted him more than $12 million in cash, the Financial Times said, citing people familiar with the company's plans. The decision was approved by GE's board this month. Immelt will continue to earn performance-share units, which may be converted into GE stoc...

The US economy could be compared to the nation's downturn in the 1970s and if it worsens would best be compared to the Great Depression, said General Electric chief executive Jeffrey Immelt on Thursday.

The US economy could be compared to the nation's downturn in the 1970s and if it worsens would best be compared to the Great Depression, said General Electric chief executive Jeffrey Immelt on Thursday.

General Electric announced Friday its fourth quarter profit fell 44 percent and said it expects 2009 to be a extremely difficult year.

GE Energy Financial Services, a unit of conglomerate General Electric Co., will partner with GeoResources Inc. to invest up to $90.5 million to acquire and develop oil and gas reserves in Oklahoma, the companies said Monday.

General Electric Co. chief executive Jeffrey Immelt says the company is considering spinning off its appliances unit instead of selling it.

Dell Inc named Brian Gladden - the chief executive at what was until recently General Electric Plastics - as its new chief financial officer.

General Electric confirmed Friday that the nation's economic slowdown is prompting it to get out of the appliance business.

General Electric Co. is considering selling or divesting itself of its appliances business, the Wall Street Journal said on its website late Wednesday.

Clear Channel Communications Inc. on Friday released earnings for the media and entertainment company's first quarter and declined to provide an outlook due to the pending buyout deal.

Japan stocks dropped Monday because of growing fears of U.S. economic slowdown and lagging Asian markets.

General Electric Co.'s dismal first-quarter results and lowered 2008 outlook contradicts the confidence its CEO expressed in last months shareholder meeting, leaving analysts speculating and investors jolted on the future of the conglomerate.

U.S. stocks fell to April lows on Friday after General Electric Co. shook investors with its lower-than-expected earnings results which increased concerns that the credit crunch has moved into all sectors.

General Electric Co., regarded as a bellwether of the U.S. economy, missed earnings Friday and lowered its outlook for the full year, after the company took heavy losses in its finance division.

It Depends on Who You Ask

NBC Universal said on Monday it expanded the job of three executives and divided the responsibilities held by its previous integrated media president who will return to General Electric.

India's New Delhi Television Ltd said on Tuesday it had entered a deal to sell 26 percent in a unit to NBC Universal Inc for $150 million, the latest in a series of consolidation moves in Indian broadcasting.

General Electric Co posted a 4 percent rise in net profit Friday, meeting Wall Street estimates on strong global demand for its infrastructure unit and film division. Earnings from continuing operations totaled 68 cents per share in the latest period, up from 58 cents in the prior-year quarter. The second-largest U.S. company by market capitalization said its revenue rose 18 percent to $48.59 billion from $41.28 billion a year ago.