GE plans to donate $50 mln to U.S. health clinics

General Electric Co plans to donate about $50 million to community health clinics across the United States over the next couple of years, saying that urban clinics can play a role in the effort to slow the rapid rise of the nation's healthcare bill.

The largest U.S. conglomerate doubled its prior pledge on Wednesday as it announced $1 million in grants to two Atlanta clinics, bringing its total giving since it kicked off the drive last year to $8.5 million.