General Electric (GE) today donated $10 million to aid recovery and relief efforts following Tuesday's terrorist attacks on the World Trade Center.

GE chairman and CEO Jeffrey Immelt made a personal phone call to New York City Mayor Rudolph Giuliani this morning to offer financial assistance in the wake of the devastating attack, GE spokesman Gary Sheffer said.

"Our CEO made a call to the mayor to offer a donation to help with relief and recovery efforts as well as support funds for victims, firefighters and other rescue workers," Sheffer said, noting that the Mayor accepted the donation.

Immelt officially took over as GE's top executive last Friday, succeeded the legendary Jack Welch. GE officials said more information regarding the $10 million donation would be announced soon.

Cisco Systems has also offered financial assistance to both New York and Washington, D.C., pledging $6 million to various aid organizations supporting recovery and relief efforts such as the American Red Cross, according to Cisco officials. Details on which organizations will receive parts of the donation and how the funds will be divided will be announced soon, Cisco said.