GE energy unit rebounds as Mideast orders increase
Article Abstract:
The Middle East continues to be a key emerging market for General Electric Co.'s energy business, with $1.8 bil in anticipated new orders in addition to $2 bil in power plant projects previously announced. GE's revenue for the Middle Eastern market has increased between 15% to 20% per year, with sales expected to hit $50 bil by 2010.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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GE tax boon clouds profit picture: company overestimated rate, paying out less than projected; a cushion for weak operations
Article Abstract:
General Electric Co. has miscalculated its tax rate, resulting in lower tax payments in 2006. This will have a negative impact on the company's yearly profit .
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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