GE Receives Boost on Positive News
NEW YORK (
) --
General Electric
(GE) - Get Report
received a boost on Monday, as the company revealed some promising pieces of news.
The company expects revenue in Southeast Asia, China and India to grow at least 20% this year, CEO Jeff Immelt said at a media briefing in Kuala Lumpur, Malaysia on Monday, Bernama.com reported.
General Electric also said it will roll out its first smart water heater in November and has created other energy-efficient appliances,
Wall Street Journal
reported. Rival
Whirlpool
(WHR) - Get Report
also announced plans to create a line of smart clothes dryers to hit stores in 2011.
Shares of the company were climbing by 2.6% to $16.80 in afternoon trading.
--Reported by Jeanine Poggi in New York.
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