July 25, 2011
AP
General Electric Co.’s health-care unit, the world’s biggest maker of medical-imaging machines, is moving the headquarters of its 115-year-old X-ray business to Beijing to tap growth in China.
“A handful” of top managers will move to the Chinese capital and there won’t be any job cuts, Anne LeGrand, vice president and general manager of X-ray for GE Healthcare, said in an interview. The headquarters will move from Waukesha, Wisconsin, amid a broader parent-company plan to invest about $2 billion across China, including opening six “customer innovation” and development centers.
The move follows the introduction earlier this year of GE Healthcare’s “Spring Wind” initiative to develop and distribute medical products and services in China, GE said in a statement today. More than 20 percent of the X-ray unit’s new products will be developed in China, LeGrand said.
"He will have to explain to the American people why his vision for bigger government, more spending, and higher taxes will work over the next four years when it hasn't worked in the past three and a half years.” – Sen. Rob Portman on President Obama
Apple's Cook Top-Paid US CEO in 2011: ReportApple chief executive Tim Cook topped the list of the best-paid CEOs in the US in 2011 thanks to stock options that put him more than $300 million above...
redstate: Morning Briefing for May 22, 2012 http://t.co/tgBDuOgm #TCOT #RS
washingtonpost: #SpaceX rocket launches, opening new era of spaceflight http://t.co/K9X2bF99
postpolitics: Justice Department probing donations to Josh Mandel and Jim Renacci http://t.co/GykpqoI9
nytimes: Kakha Bendukidze Holds Fate of Gene-Engineered Salmon http://t.co/2xdBdPJ4
nytimes: Ruth Jersey Sells for $4.4 Million, Nearly Quadruple Previous High for Ruth Memorabilia http://t.co/FJ3pJxVI