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Companies team for technologies
NEW YORK, June 23 (UPI) -- New York's General Electric Co. said Thursday its 11 business units would be reorganized into six for savings and transparency.
The six branches of the company will now be GE Infrastructure, GE Industrial, GE Commercial Financial Services, NBC Universal, GE Healthcare and GE Consumer Finance, MarketWatch reported.
"This change allows us to leverage our exceptionally deep leadership team to accelerate growth and improve productivity," said Jeffrey Immelt, the company's chairman and chief executive.
The Dow component, which said the reorganization would make the company's operations more transparent, also said it expects to meet its 2005 per-share earnings target and enjoy double-digit growth in earnings into 2006 and beyond.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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COALVILLE, England, May 23 (UPI) --
Technology developed by the military is being put to commercial use in an unmanned aerial vehicle for survey missions by British company Bluesky.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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