Jeffrey Immelt says General Electric Co.’s growth depends on bringing the right technology products to market, from gearless wind turbines to cancer-treatment tests and engines that turn cow manure into energy.
Vestas Wind Systems A/S , Siemens AG and Suzlon Energy Ltd. may end up with underused U.S. factories as cheap natural gas and a lack of federal support reduce wind turbine deliveries this year by as much as 50 percent.
General Electric Co. ’s design for a nuclear reactor at a damaged Japanese power plant spurred the 1970s resignation of three employees over concern that its core might not withstand the loss of cooling systems in a severe accident, ABC News reported.
General Electric Co.’s severance accord with retiring executive John Krenicki will keep him from competing with the company for three years. That may say more about his value than the $12.9 million in cash he will receive.