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General Electric Co is buying oilfield pump maker Lufkin Industries Inc for $2.98 billion, sharply increasing its presence in the fast-growing market to extract oil and natural gas from shale rock, the conglomerate said on Monday.

A curious thing is happening among American shoppers. More are checking labels and asking, "Is it 'Made in the USA?'" Walmart, the nation's largest retailer, earlier this year announced it will boost sourcing of U.S. products by $50 billion during the next 10 years. General Electric is investing $1 billion through 2014 to revitalize its U.S. appliances business and create more than 1,500 U.S. jobs.

Comcast says it's buying General Electric's 49 percent stake in NBCUniversal joint venture for $16.7 billion.

(Reuters) - What's Jeff Immelt going to do with the money? General Electric Co shareholders are wondering what the company's chief executive plans to do with a cash windfall that could total tens of billions of dollars over several years as the company sells its remaining stake in NBC Universal and recoups more of the profits earned by finance unit GE Capital.

General Electric is on the verge of finalizing a deal to buy Italian aerospace group Avio for as much as €3 billion ($4 billion), according to people familiar with the negotiations.

General Electric Co reported second-quarter profit slightly above expectations on Friday, offsetting weaker-than-forecast revenue growth, and said it was finding ways to grow despite a hazy economic outlook.

General Electric Co reported an 18 percent rise in quarterly profit that met Wall Street's expectations, as revenue rose across its big energy, aviation, healthcare and transportation arms.

General Electric says it's going to build the nation's largest solar panel factory, part of a $600 million dollar bet on the future of solar power in the United States.

This was on Foxnews.com. It gets really funny towards to middle/end. I snagged it before they took it down. This is what happens when you try to be partisan...you start mixing up your lies.

President Obama on Friday tapped one of the country's top corporate executives as his chief adviser on how to help American companies create more jobs at a time when Washington's options for bolstering employment through public spending have narrowed.