It was one of their designs, yeah.
UPDATED:
"The Pilgrim nuclear power plant in Plymouth, which partially limited its operations due to high water temperatures in Cape Cod Bay last week, is back operating at full power this weekend. The heat wave that gripped the region for the past week had water temperatures in the bay soaring, and the Nuclear Regulatory Commission requires that water drawn from it to cool the power station be below 75 degrees."
Also a GE design.
"GE shares rise to post-crisis high on US outlook" by Jonathan Fahey | Associated Press, July 20, 2013
NEW YORK — An improving outlook for the US economy and signs of stabilization in Europe sent General Electric shares to their highest level since 2008 despite modest quarterly results.
‘‘Orders in the US were the strongest in some time,’’ chief executive Jeff Immelt said on a conference call with investors following the release of the company’s second-quarter results Friday....
GE’s net income rose 6 percent....
And they don't give me profit statement, they just give me a stock price?
Of course, not only does GE PAY NO TAXES on that, they GET a TAXPAYER-FUNDED CHECK from the government!
The recovery in GE shares is not quite complete — they would have to rise another 15 percent to reach the roughly $30 per share they were trading at before the financial crisis hit.
Yeah, poor GE.
Yeah, poor GE.
But the improvement in the company’s share price represents confidence in the company’s transformation to a more focused industrial conglomerate. GE is dramatically shrinking its banking division — the giant financial services arm that threatened to pull the company apart during the financial crisis — and shed media and other nonindustrial businesses.
It's called cutting your losses.
Also see: GE Getting Into Oil and Gas
Now that's good bu$ine$$!
