GE

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He held an afternoon meeting with GE Consumer Industrial officials, as well as Kentuck Gov. Steve Beshear and Louisvill Metro MayorJerry Abramson, said Kim director of public relations for Louisville-based GE Consumerd & Industrial. “He will talk with them about producft reviews and the future ofthe operations,” Freeman said. She added that no major announcements were expected to come fromthe Immelt’s visit to Louisville comes less than two weeks after Fairfield, Conn.-based GE GE) reported a 35 percent drop in first-quartef net income. It fell to $2.9 billion, or 26 centds per share, compared with $4.5 or 43 cents per share in the firsf quarterof 2008.
GE’s first quarteer revenue slipped9 percent, to $38.5 billion from $42.2 billion. First-quarter profirt for GE Consumer & Industrial, whic includes GE’s appliances, lighting and industriakl power generationequipment divisions, declined 75 percentg over the year-ago period, to $36 millio n from $144 million. Revenue for the divisioj declined22 percent, to $2.2 billion, from $2.9 billion a year ago. Aftere months of trying to sell or spin off the appliancese business or find a joint venture partner tooperate it, GE in December decided to keep the as well as the entire Consumer & Industrial intact. Led by James P.
Campbell, it employs 43,000 people including about 5,000 people in Louisville.