General Electric Seeks Growth

Jeffrey Immelt has plans for GE's [NYSE: GE] growth. He believes that investment is going to be required to drive growth, and the amount of growth he is anticipating is substantial to the tune of $20 billion in technology development through 2012 and by allotting an 18 percent increase in research expenditures. According to Bloomberg, Immelt was quoted saying “Between this year and next we’ll be up to between 5 and 6 percent of our industrial revenues in R&D,” Immelt said. “That’s pretty world class, so I think from a quality and quantity standpoint, I think we’ve made a lot of progress.” Jeffrey Immelt says General Electric Co.’s growth depends on the right technology, such as gearless wind turbines to cancer-treatment tests and engines that turn cow manure into energy. Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.