financial markets

In a tough environment in 2008, we set a record for revenue and had our third-highest earnings year ever. Our earnings declined 19% versus a decline in S&P 500 earnings of 30%. That’s not the kind of outperformance we like, but it was still better than the broader market. During [...]

A statement from GE Chairman and CEO Jeff Immelt
“The United States is in the eye of its most severe financial storm in nearly a century and urgent action is needed to chart a secure course forward. Congress must act promptly and decisively to pass legislation that will provide needed infrastructure [...]

*Update 2/10/09– Read the Board of Directors press release declaring the second quarter dividend.
On Monday, January 26, Russell Wilkerson, GE’s director of financial communications, sat down with GE’s CFO, Keith Sherin, to ask him some of the key questions coming out the the company’s 2008 fourth quarter earnings report, [...]

As world governments wrestle with economic stimulus packages designed to ignite their economies and global leaders gather at the World Economic Forum to discuss the same, Jeff Immelt, Chairman and CEO of GE and Jonathan Lash, President of the World Resources Institute, offer their perspective in today’s Financial Times.

Moody’s informed us today it has placed General Electric Company’s and General Electric Capital Corporation’s (GECC) long-term Aaa ratings on review for possible downgrade. This review does not affect GE’s and GECC’s short-term funding ratings of Prime-1 (P-1), which were affirmed by Moody’s. This action is a follow-up to Moody’s [...]

Below are some additional Q/As on GE’s 2008 fourth quarter earnings.
1) Why are services so important to your business model and what is the forecast?
Services are a significant differentiator for GE. They help our customers become more productive and efficient. In this environment, our customers want to get more out [...]

GE successfully completed its third bond offering last week, raising $1billion in GBP (British pounds). We have now raised over $29 billion USD towards our 2009 goal of $45 billion USD, or over 60%. There has been strong demand for GE’s debt, with all three offerings oversubscribed last week. Two [...]