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The Obama administration gave corporate giant General Electric—the parent company of NBC--$24.9 million in grants from the $787-billion economic “stimulus” law President Barack Obama signed in February 2009, according to records posted by the administration at Recovery.gov. Despite getting $24.9 million from U.S. taxpayers, GE decreased its U.S.-based employees by 18,000 in 2009, according to the company’s 2009 annual report. According to Standard & Poor's, GE took in $156 billion in revenue in 2009. GE was the primary recipient of 14 stimulus grants, a spokeswoman for Recovery.gov confirmed to CNSNews.com. These 14 grants provided GE with $24.9 million in tax...

Complete title: Obama Administration Gave General Electric—Parent Company of NBC--$24.9 Million in ‘Stimulus’ GrantsThe Obama administration gave corporate giant General Electric—the parent company of NBC--$24.9 million in grants from the $787-billion economic “stimulus” law President Barack Obama signed in February 2009, according to records posted by the administration at Recovery.gov. Despite getting $24.9 million from U.S. taxpayers, GE decreased its U.S.-based employees by 18,000 in 2009, according to the company’s 2009 annual report. According to Standard & Poor's, GE took in $156 billion in revenue in 2009. GE was the primary recipient of 14 stimulus grants, a spokeswoman for Recovery.gov...

General Electric/Rolls-Royce is investigating manufacturing and assembly data on a single F136 engine after it was damaged during a checkout test on 23 September. The alternate engine for the Lockheed Martin F-35 was shut down "in a controlled manner" after an unknown anomaly at near maximum fan speed on the test stand damaged the front fan and compressor area, the company says. The GE/Rolls team is continuing to run two test engines after inspections revealed no signs of "similar distress". Five development engines have run for more than 1,000h since early 2009. As the cause for the anomaly on the...

This could confirm what many suspected all along - the corporate heads at General Electric (NYSE:GE) would try to use their media holdings to portray President Barack Obama and his administration in a positive light in order to gain a corporate advantage. That's how former CNBC reporter and current Fox Business Network senior correspondent Charlie Gasparino explains it in his forthcoming book, "Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street." According to Gasparino, GE CEO Jeffrey Immelt had "helped his company feast off of the subsidies of Obamanomics," including the green energy initiatives and health...

Eco-Extremism: A light bulb factory closes in Virginia as mandated fluorescents are made in China. It's now a crime to make or ship for sale 75-watt incandescent bulbs in the European Union. Welcome to green hell. Thomas Alva Edison was a genius credited with the invention of many things — the phonograph, the motion picture, the incandescent light bulb, global warming. That last credit was given by those who rank light bulbs right up there with the internal combustion engine as ravagers of the planet. The General Electric light bulb factory in Winchester, Va., closed this month, a victim, along...

Light bulbs sprang from the brilliant mind of Thomas Edison -- a true American hero, right up there with Benjamin Franklin. But his legacy is coming to an end. General Electric, the company that he founded, is closing America's last factory for making incandescent light bulbs, victim of liberal environmental politics and zealotry. Sadly, not only will the workers be losing their jobs -- devastating another small town (Winchester, Virginia) -- but the boon created by their replacements, compact fluorescents (CFLs), will not be realized in America, where they were first dreamed up and created, but will instead be enriching...

WINCHESTER, VA. - The last major GE factory making ordinary incandescent light bulbs in the United States is closing this month, marking a small, sad exit for a product and company that can trace their roots to Thomas Alva Edison's innovations in the 1870s. The remaining 200 workers at the plant here will lose their jobs. "Now what're we going to do?" said Toby Savolainen, 49, who like many others worked for decades at the factory, making bulbs now deemed wasteful. During the recession, political and business leaders have held out the promise that American advances, particularly in green technology,...

Taxes: While the oil and gas companies are bearing the brunt of taxation, regulation and environmental angst, others are doing just fine, thank you. If you think cap-and-trade is dead, just follow the money. According to a recently released Center for Responsive Politics review of reports filed with the U.S. Senate and U.S. House, General Electric and its subsidiaries spent more than $9.5 million on federal lobbying from April to June — the most it's spent on lobbying since President Obama has been in office. Why? As the fight over cap-and-trade grows, so does lobbying. Since January, GE and its...

Any time Erin Burnett tells a guest "You will not be back, you have to be more polite than that" you know the "guest" is telling the truth, the one commodity rarely if ever discussed on General Electric's circus station. Enter (or rather, exit) R&R Consulting's Sylvain Raynes, a structured finance expert, who at 3:10 into the clip takes on what he calls the "public relations officers" for Goldman, and asks "is it all right if I am a little critical?" Apparently the answer is no. First, Sylvain completely destroys Cramer's false "breaking news" about Goldman being long Abacus... And...

Liberal TV show host? Eager to guarantee that the post-Stack finger will be pointed at conservatives? Choose as your sole guest on the subject someone from the left-wing Southern Poverty Law Center. That's precisely what Chris Matthews did this evening, with utterly predictable results. Right on script, SPLC director Mark Potok twice associated Austin plane-bomber Andrew Stack with "the radical right." How fraudently did Matthews stack the deck? He described the SPLC as a group "which monitors extremists"—as if the SPLC looks for wackos on the left as well as the right. View video here.

<p>It certainly is a remarkable speech. Under Immelt’s eight years at the helm, General Electric has lost almost two-thirds of its value. Earlier this year, GE was on the verge of a total meltdown. So was GE’s “leadership” to blame?</p>

Jeffrey Immelt, General Electric’s chief executive, said on Wednesday his generation of business leaders had succumbed to “meanness and greed” that had harmed the US economy and increased the gap between the rich and the poor. Mr Immelt’s attack on his fellow corporate chiefs – made in a speech at the West Point military academy – is one of the strongest criticisms by a top executive of the compensation and business practices that prevailed before the financial crisis. “We are at the end of a difficult generation of business leadership ... tough-mindedness, a good trait, was replaced by meanness and...

One of the great frustrations of the libertarian-minded right is how Republicans got stuck being "the party of big business." The quotation marks around the term are at least somewhat necessary, because in many respects, it's not true. The notion that big business is "right wing" has always been more sloppy agitprop than serious analysis. It's true that historically, big business is against socialism and communism -- and understandably so. Socialism and communism were once close to synonymous with expropriation of wealth and the nationalization of industry. What businessman or industrialist wouldn't be against that? But many of those same...

The transformation of America’s environmental movement began, as ex-United Steelworkers board member David Foster recalls, in late 2004 in a borrowed conference room at a table surrounded by union officials, top aides and the always-present group of Washington assistants. “We’re in this together,” Foster remembered Sierra Club Executive Director Carl Pope and Frances Beinecke, head of the Natural Resources Defense Council, telling USW President Leo Gerard. About the same time, another group of environmentalists began networking with equally unlikely partners. Jonathan Lash, president of the World Resources Institute, asked General Electric CEO Jeff Immelt to help lobby for a national...

The same day Comcast and General Electric announced Comcast would take control of NBC Universal, Comcast CEO Brian Roberts announced his company was supporting the health-care bill currently before the Senate. This is interesting in two ways: First, as Newsbusters points out, this move by Roberts coincides with an announcement of a merger that will likely face anti-trust scrutiny from the same Congress and administration that is pushing the health-care bill. Washington has long used the weapon of anti-trust to extract pounds of flesh from big corporations. One commissioner said yesterday, "My skepticism about the harms imposed by so few...

Days after Obama's inauguration, Jeff Immelt, CEO of General Electric, wrote to shareholders: "[W]e are going through more than a cycle. The global economy, and capitalism, will be 'reset' in several important ways. "The interaction between government and business will change forever. In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner."

This week Kenneth R. Feinberg, popularly known as the White House Pay CZAR, announced his plan to cut the pay for the top 25 earners at seven companies that received federal government help. On average cut total these executives had their compensation cut by about 50 percent. The companies are Citigroup, Bank of America, American International Group, General Motors, Chrysler and the financing arms of the two automakers. This week Kenneth R. Feinberg, popularly known as the White House Pay CZAR, announced his plan to cut the pay for the top 25 earners at seven companies that received federal government...

This is an excerpt from a recently obtained internal E mail written by a gleeful GE executive. “On climate change we were able to work closely with key authors of the Waxman-Markey climate and energy bill, recently passed by the House of Representatives. If this bill is enacted into law it would benefit many GE businesses.” “…benefit many GE businesses” becomes clearer by following the paper trail of “donations” from GEPAC the lobbying arm of General Electric Corporation. GE/Democrat pay to play scheme Last year most of GEPAC’s contributions went to Democrats. This year almost all of its cash bought...

Americans for Limited Government is appalled that an employee of the NBC news network apparently felt it was appropriate to send an email to an ALG employee, in response to a standard news release, saying, "Bite me, Jew Boy." According to ALG records, the email came from the Blackberry and email address of Jane Stone, a producer for NBC's Dateline. The email was sent to Alex Rosenwald, the ALG Director of Media Outreach. The news release to which Ms Stone apparently responded was one in which ALG called upon Congress to defund ACORN. Americans for Limited Government does not contend...

Energy Savings: Europe's ban on the incandescent light bulb began phasing in this month, and the U.S. will soon follow. Is Thomas Edison to blame for global warming? And why are we exporting green jobs?When the warm-mongers assemble in Copenhagen this December to hammer out a successor to the failed Kyoto Protocol, no doubt their work to save the earth from the carbon dioxide that gives it life will take place under the eerie light thrown off by compact fluorescent light bulbs (CFLs) mandated by the European Union to fight climate change. The bulbs are more expensive, costing up to...