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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SaskPower eyes buying $300M worth of electricity from Flying Dust First Nation
REGINA - An agreement signed between SaskPower and Flying Dust First Nation is an important step toward a plan that could see the utility buy $300 million worth of electricity from Flying Dust First Nation, according to Flying Dust's chief.
"There's still a lot of groundwork that needs to be done before we get building but you know we're a lot closer today with this signing," Jeremy Norman told reporters Friday.
Norman's community was assisted by the First Nations Power Authority (FNPA), a non-profit that helps First Nations get into the power sector.
The agreement signed Friday says SaskPower will explore the possibility of buying 20…
