General Electric Company (NYSE:GE): GE Appliances announced the opening of its GeoSpring Hybrid Water Heater manufacturing facility at Appliance Park in Louisville, Ky. – the first to open there since 1957. The $38M investment in the new product and a revitalized facility is the first milestone in commitments

General Electric (NYSE:GE) has made since 2009 to invest a total of $1B, or $800 million in Louisville, and create more than 1,300 new jobs in the U.S. by 2014. The new product and other recent investments at Appliance Park has also created hundreds of highly skilled salaried jobs in fields like engineering, industrial design and manufacturing.

Citigroup Inc. (NYSE:C): Citigroup plans to hire more employees in China, and the bank intends to continue investing in the country, Citigroup CEO Vikram Pandit told China Daily. Also, A technical bug caused users of some Citi (NYSE:C) online bill paying services to be charged twice in recent months, reported The New York Times, citing customers and a bank official.

Microsoft (NASDAQ:MSFT): Barclays raised Microsoft 2013 earnings estimates ahead of the Windows 8 launch later this year and Office 15 expected in Q1 2013. Share are Equal Weight rated. Global tablet sales, which hit 67M in 2011, could grow to 248.6M by 2015, with smartphones projected to hit 1B during the same period, according to BGR.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

Get Your FREE Special Report: 4 Things You Must Know About the US Economy Now!