GE Releases 2010 Annual Report; Sees Economic Strength

GE GE today announced that its 2010 annual report entitled “Growth Starts Here” is now available on the Company's Web site at www.ge.com/ar2010/.

“In 2010, growth resumed and our earnings expanded by 15%,” GE Chairman and CEO Jeff Immelt writes in his letter to shareowners. “GE Capital's earnings rebounded sharply. We raised the dividend twice, for a combined 40% increase. Our stock price responded well, up 21% for the year. Our aim in 2011 and beyond is to continue the progress.

“Two years ago, in the depths of the global economic collapse,” Immelt writes, “I promised that GE would emerge from the recession a better company. We have. Our financial performance is accelerating. We have extended our competitive advantage, while investing in growth. We fortified our leadership and culture. The world we face in 2011 is getting better. We see signs of economic strength every day.