GE will now shift focus to its core businesses
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NEW DELHI: Say good morning to a new General Electric in India. With the company selling a majority interest in GE Capital International Services (Gecis), its most visible and high profile business in India
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The move is expected to dampen prospects for companies that have focused on taking advantage of the Chinese market.
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The company is facing challenges as it changes its business from one focused on PDAs to one that specializes in smart phones.
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BILLERICA -- General Electric Co.'s &quot;sensing&quot; business is setting up its world headquarters in Billerica, as it consolidates three area plants into one.
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The company said it planned a major job shift to cut costs, saying the reorganization will affect 1,650 jobs, or nearly 12 percent of its work force.
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General Motors Corp.&#39;s   priorities for this year include concluding a deal to  allow its former parts subsidiary Delphi Corp  to  emerge from bankruptcy and cutting its own health care costs,  the automaker&#39;s chief executive said on Tuesday.
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The company has implemented changes to its leadership, business mix and culture under Frank Blake.
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The applications giant will change its product release cycle to allow customers to upgrade in pieces to its SOA-based platform.
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Company has revised its financial forecasts for the current quarter.
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The company is changing tack under CEO Robert Stephens and may soon find itself in direct competition with several longtime partners.
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The move is part of a strategy by the energy services giant to concentrate its efforts in the Middle East.
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As the First Albany Companies closes the sale of a controlling stake in itself to, the investment bank is expected to rename itself and broaden its focus.
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General Electric Co. GE.N said  Friday that two private equity firms completed a deal to buy a  majority interest in its India-based back office unit.
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Health-care initiatives will be a big part of the company's future.
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The company sees its future in helping businesses migrate their IT systems to more flexible, SOA-enabled infrastructures; more details about the strategy are expected next month.
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The move concentrates one of the company's four major business lines in the city and seeks to reassure Massachusetts officials that it is committed to the Northeast.
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Cadbury Schweppes is to set out plans for a major overhaul of its business amid speculation of substantial job cuts.