General Electric Co. is suing Niagara Mohawk Power Corp. for contribution under the Superfund law for costs related to dredging PCBs from the Hudson River in upstate New York.
13 May 2013Rita Ann Cicero
The lawsuit, filed in the U.S. District Court for the Northern District of New York, was filed under Section 113 of the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. § 9601.
The pace of worldwide energy & power deal making has slowed to the lowest levels since year-to-date 2005, with $85.3 billion in announced deals this year, an 11% decline from last year at this time. This week’s $3.3 billion acquisition of Lufkin Industries Inc by GE pushes the volume of oil & gas merger activity to $60.1 billion, or 70% of overall energy & power deal making so far this year. Energy & power M&A accounts for a market-leading 14.5% of total worldwide M&A this year, down from 17.7% last year at this time. There have been no energy & power deals greater than $5 billion announced this year, the first time since year-to-date 2004. (more…)
At this year’s Aspen Ideas Festival, we were pleased to host a Knowledge Exchange panel exploring the idea of “the new professional.” Our moderator Heidi Moore, New York bureau chief and Wall Street correspondent for American Public Media’s “Marketplace” led the discussion. The conversation focused on changing values, skills, and the continuous need for individuals and companies to adapt. Reid Hoffman, co-founder and executive chairman of LinkedIn, stressed the need for professionals to be more self directed and take “responsibility for their own evolution.” He talked about adaptability being the new stability. He was joined on the panel with Deirdre Stanley, executive vice president and general counsel for Thomson Reuters, Mark Penn, worldwide CEO of Burson-Marsteller and Susan Peters, vice president of executive development and chief learning officer for General Electric Company.
01 Jul 2012Robin Schribman
Three big themes emerged. Technology and the reliance of networks and communities for information, distributed teams that bring multiple cultures and diverse thought together, and the true value of this new professional class emerging in terms of our ability to problem solve, interpret data and put into context. (more…)
Today was the first full day of the Aspen Ideas Festival, and it was a very full day indeed, with more than 30 sessions and events focusing on themes ranging from world affairs, the economy, our planet, arts and culture and America 2012. We were very pleased to be involved in today’s conference program:
28 Jun 2012Thomson Reuters
Thomson Reuters Digital Editor Chrystia Freeland opened the day with a session in which she interviewed Honeywell CEO Dave Cote about his proposal for an “American Competitiveness Agenda.”
Chrystia also interviewed Simon Johnson, professor of global economics at MIT’s Sloan School of Management in a session titled “White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You.”
We also hosted a Knowledge Exchange panel discussion on “The New Professional,” featuring our chief counsel Deirdre Stanley.
Some of the most interesting, provocative and salient quotes we heard around the Aspen Ideas Festival today:
“We are not perfect, but we are a force for good, and things are better because we are here.” – Douglas McMillon, President & CEO, Walmart International
28 Jun 2012Thomson Reuters
“Storytelling gives soul to technology.” - Kenji Williams, Founder & Director of Bella Gaia
“When did we start to give the responsibility of job creation to administrations as opposed to companies that have a lot more control over that?” – Heidi Moore, New York bureau chief and Wall Street correspondent
“Does leadership create the culture, or does the culture create leaders?”Susan P. Peters, VP of Executive Development & Chief Learning Officer, General Electric Company
“There is no distinction between social and ecological.” – David McConville, President, Buckminster Fuller Institute
Friday October 21, 2011 earnings highlights at the opening bell:
MCD-N: McDonald’s reported higher earnings than analysts expected, thanks to higher September sales. This announcement is like the toy inside investors’ Happy Meals, as shares are up 3% in pre-market trading. Fidelity is the top active holder with 46 million shares worth $4.1 billion after Thursday’s close. Japanese bank and trust firm Sumitomo bought 2.3 million shares last quarter, the most of any institutions. Growth investor INTECH sold 2 million MCD shares last quarter, so it’s missing out on the fast food chain’s global growth last quarter.
GE-N: US conglomerate General Electric reported an 18% increase in earnings last quarter which met expectations. Atop the list of active holders of GE sits Fidelity again, with Capital World holding 12 million fewer shares. Fidelity was also the top seller as of its latest filings, though, while Sumitomo topped the buyers again.
SLB-N: Schlumberger, the world’s largest oilfield services company, missed earnings by reporting a lower Q3 profit, due to financial turmoil and a drop in oil demand. After Fidelity, T. Rowe Price owns the most shares of active investors with a 3.2% stake. Janus bought 7.2 million shares before the start of Q3, and Capital World sold 11.6 million shares.
Pharmaceutical firms and other healthcare organizations can now conduct research using a dataset that enables them to better quantify the effectiveness of medical treatments on discrete patient populations, thanks to a new solution developed and delivered by GE Healthcare and Thomson Reuters.
Healthcare analytics teams at General Electric and Thomson Reuters have combined outcomes research data from the Thomson Reuters MarketScan® Research Databases with de-identified electronic medical records (EMR) data, while maintaining patient privacy and full compliance with HIPAA standards. As a result, researchers and physicians can now gain new evidence-based insights into treatment protocols — and drive improved health outcomes.
02 Jun 2011Thomson Reuters
For decades, researchers have used de-identified claims and prescription data from the Thomson Reuters MarketScan Research Databases to conduct studies that evaluate medical treatments — commonly called “outcomes research” or “comparative effectiveness research.” The addition of de-identified clinical data provided by healthcare providers using EMR means a research study can link claims data that track the treatment received by a population of patients diagnosed with a condition such as hypertension, with data on everything from a patient’s body mass index, blood pressure, symptoms and more. This makes it possible to produce findings that are more targeted to specific types of patients so clinicians can make better-informed, more effective treatment decisions.
“We’ve tackled what was once considered an insurmountable barrier to outcomes-based research,” said Dr. Brandon Savage, MD, Chief Medical Officer at GE Healthcare IT. “We’re extremely enthusiastic about the opportunities this discovery creates for the field and the improvements it may someday bring to patient care, across the world.”
One of the largest companies in the world, General Electric has been expanding globally over the last 10 years. Their reliance on revenues from the US has decreased by 20% as they’ve expanded into emerging markets.
24 May 2011Thomson Reuters
What do you expect this graph to look like in 2020?