Category Archives: General Electric

‘The stakes couldn’t be higher’: GE urged to invest in green US jobs

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Labor and environmental groups are demanding that General Electric stop offshoring jobs and invest in renewable energy

Kevin Smith, of Salem, Virginia, worked at General Electric for about 20 years before the town’s plant was shut down at the end of 2019, and the work moved to a factory in India.

“It was a total shock because of how things had been going, with all the overtime we were working, everything just seemed great, like there was no way this was happening. All I wanted to do was wake up, that I had a nightmare, but that wasn’t the case,” said Smith, 50, who was one of about 265 GE workers who were laid off due to the closure.

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Uber is said to pick Expedia chief as CEO after two leaderless months

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Uber selected Dara Khosrowshahi, who leads the online travel company Expedia, to be its chief executive on Sunday, capping a contentious search process as the ride-hailing company seeks to move past a turbulent period. Khosrowshahi emerged as the leading candidate from a field of three finalists over a weekend of Uber board meetings, according to two people with knowledge of the process, who spoke on the condition of anonymity because the details were confidential.

GE Prepared to Work With Whoever Wins U.S. Presidential Election

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General Electric Co., which bought Alstom SA's energy units last year, will be flexible and build a relationship with the next president of the U.S., whether it's Hillary Clinton or Donald Trump, Vice Chairman John Rice said. "We will operate with whoever is the president of the United States in January," though GE doesn't agree with some of the rhetoric out of the election season, Rice said in an interview at the Bloomberg Markets Most Influential Summit in Hong Kong Wednesday.