Get Quote: GE
Financials: Latest Results
Rank in Electronics: 1 (Previous rank: 1*) Overall score: 7.44 Why it's admired GE had to go to Warren Buffett for a $3 billion infusion, after the credit crunch hit its finance unit, GE Capital, hard. Since then, the conglomerate has scrambled to hold on to its Triple-A credit rating. Its stock slid 56% last year. It's cutting its hefty 31-cent quarterly dividend to 10 cents. And CEO Jeff Immelt took a 28% pay cut and asked for no bonus for 2008. But GE's diverse businesses - which range from wind turbines to medical imaging devices to TV network NBC - should help the behemoth weather the storm. After all, that's what we expect from one of the oldest companies in the Dow Jones Industrial Average. --A.A.Address: 3135 Easton Turnpike Fairfield, CT 6828 Phone: 203-373-2211 Website: www.ge.com | ||||||||||||||||||||||
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