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Jeffrey Immelt

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  • Big slump is no cause to ditch stock market Tuesday, 21 Oct 2014 | 11:34 AM ET

    NEW YORK— After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps. Headlines about the spread of Ebola and the deepening conflict with Islamic State fighters in the Middle East also turned investors cautious. Erik Davidson, deputy chief investment officer for Wells...

  • Oct 17- General Electric Co reported a slightly higher-than-expected quarterly profit on Friday, with cost cuts that helped boost margins across its industrial businesses offsetting revenue that missed analysts' targets. GE reported a 4 percent rise in organic revenue, which excludes acquisitions, at its industrial manufacturing businesses, where Chief...

  • Oct 17- General Electric Co reported a slightly higher-than-expected quarterly profit on Friday, as cost cuts that helped boost margins across its industrial businesses offset revenue that fell below analysts' targets. The U.S. conglomerate posted a 4 percent rise in organic revenue, which excludes acquisitions, for its industrial manufacturing...

  • UPDATE 1-GE profit tops estimates as margins improve Friday, 17 Oct 2014 | 7:19 AM ET

    Oct 17- General Electric Co reported a higher-than-expected quarterly profit on Friday, as margin improvement across its industrial businesses offset revenue that came in below analysts' targets. Third-quarter net income rose to $3.54 billion, or 35 cents per share, from $3.19 billion, or 31 cents per share, a year earlier. Excluding special items, earnings of 38...

  • GE sees strong US economy as profit rises Friday, 17 Oct 2014 | 6:45 AM ET

    NEW YORK— General Electric Co. posted strong third quarter results, issued an upbeat forecast for the fourth quarter and said U.S. industrial activity is at its highest level since the financial crisis. He pointed to pockets of high activity in the developing world, slow growth in Europe and Japan, and strength in the U.S. GE, based in Fairfield, Connecticut, said it...

  • Concerns over weak economic growth in Europe and stagnation in emerging markets have dented shares of these large industrial companies, which depend on sales outside of the United States, according to portfolio managers and analysts who follow the stocks. "As far as the diversified industrials, the big bugaboo the last month is if you have a higher...

  • NEW YORK, Oct 9- General Electric Co said on Thursday it was on track to generate more than $1 billion in revenue this year from its industrial data-analysis business, and plans to make its software platform broadly available next year. GE said it is on track for more than $1 billion in revenue from its "Industrial Internet" offerings this year, up from $800 million...

  • John Flannery, 53, was appointed president and chief executive officer of GE Healthcare, effective immediately. With 27 years at GE, Flannery most recently was GE's senior vice president of business development, which recently included a key role in the $16.9 billion purchase of the power assets of France's Alstom. Previously, Flannery served as president and...

  • NEW YORK, Aug 14- General Electric Co is in talks with Sweden's Electrolux AB and other parties to sell its household appliances unit, people familiar with the matter said on Thursday. Bloomberg News earlier reported that GE's appliances unit had drawn interest from Electrolux and consumer development startup Quirky.

  • WASHINGTON, Aug 5- U.S. and African companies and the World Bank on Tuesday pledged more than $17 billion in investments in construction, energy and information technology projects in Africa to showcase U.S. economic interest in the fast-growing region.

  • WASHINGTON, Aug 5- U.S. companies pledged new investment in Africa on Tuesday as part of $14 billion in construction, clean energy, banking, and information technology projects to be unveiled by U.S.

  • WASHINGTON, Aug 4- General Electric Co on Monday pledged to invest $2 billion in Africa by 2018 to boost infrastructure, worker skills and access to energy, an announcement timed to coincide with a U.S. summit meeting of nearly 50 African leaders.

  • *Shares touch low of $22.60, below IPO price of $23. July 31- General Electric Co's credit card unit, Synchrony Financial, made a muted debut on the New York Stock Exchange on Thursday as investors remained ambivalent about the chances of a consumer-led U.S. economic recovery.

  • *Shares touch a high of $24, above IPO price $23. July 31- General Electric Co's credit card unit, Synchrony Financial, made a muted debut on the New York Stock Exchange on Thursday as investors remained ambivalent about the chances of a consumer-led U.S. economic recovery.

  • GE credit card unit Synchrony makes muted debut on NYSE Thursday, 31 Jul 2014 | 9:55 AM ET

    July 31- General Electric Co's credit card unit, Synchrony Financial, made a muted debut on the New York Stock Exchange on Thursday as investors remained ambivalent about a consumer-led U.S. economic recovery. Synchrony's shares touched a high of $24 before slipping to $22.75, just below the offer price of $23 per share.

  • July 30- General Electric Co's credit card unit, Synchrony Financial, raised $2.88 billion in the biggest initial public offering so far this year, the company said on Wednesday.

  • July 18- General Electric Co reported a 13- percent jump in quarterly net income Friday on improved sales of its jet engines and oil and gas equipment, and said it was targeting the initial public offering of its private-label credit-card business for the end of the month.

  • NEW YORK, July 11- General Electric Co's second-quarter earnings report next Friday comes soon after it prevailed in a two-month fight to acquire the power assets of France's Alstom.

  • LOS ANGELES, July 1- Rupert Murdoch jets into Idaho's Sun Valley next week for the year's most exclusive tech and media industry gathering, armed with both the money and the appetite for a major deal.

  • PARIS, June 25- For the boss of General Electric, the trials and tribulations of doing business in France are summed up in the lyric of an old Rolling Stones' song: "You can't always get what you want, but if you try sometimes you just might find you get what you need."