GE, New York Plan Green Project

By PAUL GLADER
General Electric Co. and New York Governor David Paterson plan an announcement Tuesday morning related to green jobs and GE's transportation business.
Gov. Paterson and GE CEO Jeffrey Immelt will make the announcement from GE's main research lab in Niskayuna, N.Y., near Albany. GE describes the move as "a major economic development project" for upstate New York.
GE has cut its workforce by nearly 9% this year to 300,000 globally from 330,000. Its research and development budget is flat for 2009 compared to 2008. But GE has been redirecting some spending into potential growth areas such as health care.
Write to Paul Glader at paul.glader@wsj.com