GE: FEWER FORECASTSGE: FEWER FORECASTSGeneral Electric has been famed for meeting quarterly targets, but it won't be announcing them anymore. On Dec. 16, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jeffrey Immelt said at its annual investor outlook meeting that the company would stop offering quarterly earnings guidance. He did, however, say profit growth in GE's industrial business will shrink shrink Vox populi noun A psychiatrist to between zero and 5% in 2009. The company also will maintain its dividend payment and won't sell or spin off its iconic i·con·ic adj. 1. Of, relating to, or having the character of an icon. 2. Having a conventional formulaic style. Used of certain memorial statues and busts. appliance and lightbulb businesses--for now. The same day, GE trumpeted a $3 billion gas turbine turbine, rotary engine that uses a continuous stream of fluid (gas or liquid) to turn a shaft that can drive machinery. A water, or hydraulic, turbine is used to drive electric generators in hydroelectric power stations. order from Iraq, the biggest ever for GE Energy. See "GE: No More Earnings Forecasts" businessweek.com/magazine 
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