Former GE CEO Jack Welch hospitalized
BOSTON, MASSACHUSETTS - Former General Electric Co. Chairman and Chief Executive Jack Welch has been hospitalized in New York with a bacterial infection but is expected to recover, according to his office.
"Jack Welch was admitted to New York Presbyterian Hospital on July 5 with a bacterial infection," his office said in an e-mailed statement. "He is expected to fully recover."
The 73-year-old executive led GE from 1981 through 2001 and picked the largest U.S. conglomerate's current chief, Jeff Immelt.
Welch, the author of several books on management, including "Winning," earned the nickname "Neutron Jack" early in his tenure for his aggressive restructuring actions. During his time as CEO the company's revenue grew from about $26.8 million to nearly $130 billion and its market value surged from $13 billion to several hundred billion dollars.
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TEHRAN - Iran has turned six percent of its thermal power plans into combined cycle plants in order to reduce greenhouse gases and save energy, IRNA reported, quoting an energy official.
According to the MAPNA Group’s Managing Director Abbas Aliabadi, so far 27 thermal power plants have been converted to combined-cycle ones.
“The conversion of a thermal power plant to a combined cycle one takes about one to two years, however, it is possible for us to convert all the country’s thermal power plants into combined cycle plants over a five-year period.
Currently, a total of 478 thermal power plants are operating throughout…
