The Conservative Cave
Current Events => Economics => Topic started by: pissant on July 26, 2011, 08:51:35 PM
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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.
“A handful’’ of top managers will move to the Chinese capital and there won’t be any job cuts, said Anne LeGrand, general manager of X-ray for GE Healthcare. The headquarters will move from Wisconsin amid a broader plan to invest about $2 billion across China, including opening six “customer innovation’’ and development centers.
The division should have “double-digit’’ growth rates as the country converts from film and analog to digital X-ray technology, LeGrand said.
GE Healthcare, also the world’s biggest maker of magnetic resonance imaging and cardiac tomography scanners, got about $1.1 billion of its $16.9 billion in sales from China last year.
The X-ray business, whose financial results aren’t reported separately by GE, will hire 65 new engineers and support staff at a new Chengdu facility, the company said. GE has hired “a large number’’ of engineers who are in training, LeGrand said. GE, based in Fairfield, Conn., also has a global research center in Shanghai.
http://www.boston.com/business/articles/2011/07/26/ge_moving_x_ray_business_to_china/
Obama's job czar, Immelt, is a worthless, commie fellating bastard.
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Maybe they'll have to pay Chinese taxes?
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Meh, they already moved their light bulb factories over there. Besides, doesn't GE also do some military type work? This will make it even easier to give it to China.
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This division of GE will not have to pay any US Corp taxes provided the income stays there. I think a bum off the street could give Obummer better economic advice than the CEO of GE who has already shipped 18,000 jobs overseas. I am convinced the community organizer wants to run this country into the ground.
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Just remember, GE's CEO, Jeffrey Immelt, is the one Obama hired to chair the Council on Jobs and Competitiveness.
Great job, Barney! :thumbs:
You f'n moron. ::)
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If you regulate or tax it, you will get less of it. I like how Johnny Stossel put it - you can't legislate against the laws of economics any more effectively than you could pass a law eliminating rainy days.
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If you regulate or tax it, you will get less of it. I like how Johnny Stossel put it - you can't legislate against the laws of economics any more effectively than you could pass a law eliminating rainy days.
Don't have time to look it up right now, but wasn't there a Dem congresscritter who asked, at a NASA hearing, if they could repeal the laws of physics?
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Don't have time to look it up right now, but wasn't there a Dem congresscritter who asked, at a NASA hearing, if they could repeal the laws of physics?
Not quite--but Rep. Ed Markey (D-Massholistan) claimed the GOP wanted to change the laws of physics because of the Republicans this March voted down an amendment which would have called for the acceptance of man-made global warming, or climate change, or whateverthe**** Al Gore is calling it this week to support his scam, and that its our fault.
http://thehill.com/blogs/e2-wire/677-e2-wire/149585-house-gop-rejects-amendment-that-says-climate-change-is-occurring