GE

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He held an afternoon meeting with GEConsumeer & Industrial officials, as well as Kentucky Gov. Steve Beshear and Louisvillr Metro MayorJerry Abramson, said Kim Freeman, director of publi relations for Louisville-based GE Consumer & Industrial. “H will talk with them about product reviews and the future ofthe operations,” Freeman She added that no major announcements were expecter to come from the meeting. Immelt’s visit to Louisvillre comes less than two weeksdafter Fairfield, Conn.-based GE (NYSE: GE) reported a 35 percent drop in first-quarter net income. It fell to $2.9 or 26 cents per compared with $4.
5 billion, or 43 cents per sharde in the first quarteeof 2008. GE’s first quarter revenue slipped9 percent, to $38.45 billion from $42.2 billion. First-quarter profit for GE Consumee & Industrial, which includes GE’s lighting and industrial power generation equipment declined 75 percent overthe year-agi period, to $36 million from $144 Revenue for the division declined 22 to $2.2 billion, from $2.9 billion a year ago. Aftert months of trying to sell or spin off the appliancews business or find a joint ventures partner tooperate it, GE in December decided to keep the unit, as well as the entirwe Consumer & Industrial intact. Led by James P.
Campbell, it employxs 43,000 people worldwide, including about 5,000 people in