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General Electric to split into 3 public companies
The storied American company General Electric will divide itself into three public companies focused on aviation, health care and energy.
GE sells biopharma unit for $21 billion
BOSTON — General Electric is selling its biopharma business to Danaher Corp. for $21.4 billion as the industrial giant continues to shed pieces of itself. The biopharma unit, part of GE Life Sciences, generated revenue of about $3 billion last year. The mostly-cash transaction is expected to close in the fourth quarter of this year. […]
GE’s pension trust suing AIG over subprime portfolio
General Electric Co.’s pension trust is suing American International Group Inc. over losses related to the insurer’s 2008 government bailout. AIG failed to disclose to investors the risk in its portfolio as the company increased its exposure to the subprime mortgage market in 2005 through credit-default swap contracts, the plaintiffs, including GE’s pension trust and […]
Industrial focus pushes GE to strong first quarter
General Electric's new focus on oil and gas equipment helped the company to post strong first-quarter results.
NFL, Under Armour and GE launch Head Health Challenge II
The National Football League, Baltimore-based Under Armour Inc. and Fairfield, Conn.-based General Electric Co. on Wednesday launched Head Health Challenge II, an open innovation challenge to award up to $10 million for new innovations and materials that can protect the brain from traumatic injury and for new tools for tracking head impacts in real time.
In-House Interrogatory
Does this year's survey of general counsel salaries reflect earnings at your company?
Industry giant GE aims to improve fracking
PITTSBURGH — One of America’s corporate giants is investing billions of dollars in the new boom of oil and gas drilling, or fracking. General Electric Co. is opening a new laboratory in Oklahoma, buying up related companies, and placing a big bet that cutting-edge science will improve profits for clients and reduce the environmental and […]
Comcast doubles down on TV in $16.7B deal for NBCU
LOS ANGELES — Comcast’s $16.7 billion deal to buy the remaining half of NBCUniversal ahead of schedule represents a resounding vote of confidence in the future of TV, even as the growth of Internet video reshapes the entertainment landscape. The decision was driven largely by Comcast Corp.’s belief that it would end up paying substantially […]
Manufacturers launch program to hire more veterans
WASHINGTON — Some of the nation’s leading manufacturing companies announced a new program Monday to help veterans gain the skills necessary to fill some of the estimated 600,000 high-tech, manufacturing jobs that remain open because employers can’t find qualified applicants. The manufacturers say the program will be initially offered in 10 cities. The companies will […]
Dow average dumps Kraft Foods for UnitedHealth
NEW YORK — The Dow Jones industrial average is dumping Cool Whip for copays. The Dow, perhaps the most widely known barometer of the U.S. stock market, announced Friday that it would boot Kraft Foods to make room for UnitedHealth Group, the insurance company. The change takes effect Sept. 24. S&P Dow Jones Indices, which […]
Intellectual property and the 2012 Olympics
Are these examples of globalizing cultural values? And if so, are these a good or bad side effect of the Games?
In-House Interrogatory
It’s all about in-house education this week. Asked: Our weekly question to the In-House community Most law schools don’t have classes that specifically prepare attorneys for jobs as in-house counsels. And in today’s unsteady economy, more law students are thinking of going directly into in-house careers, a trend we reported among Maryland schools in May. […]
