Though it’s often cited as an example of declining manufacturing prowess, General Electric, once the most valuable company on the planet, is doing pretty well. The industrial conglomerate earned $8 billion last year on revenue of $124 billion, and its various business units are busy these days on such tasks as upgrading gas turbines at a major energy plant, creating water-quality monitoring systems, and, just a few weeks ago, signing a $5.5 billion contract to develop two power plants.
GE is building things and it’s creating jobs. The problem is, almost none of those jobs are in the U.S. It […]
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