Jeffrey Immelt
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Discussing whether Washington is over-regulating and suffocating American business, with CNBC Contributor Bob Lutz.
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FAIRFIELD, Conn.-- General Electric Co. said Monday that it will receive $6.5 billion in dividends from its finance arm this year as the conglomerate works on reducing the size of its GE Capital financial arm.
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WASHINGTON, May 3- General Electric Co has won U.S. antitrust approval to buy oilfield pump maker Lufkin Industries Inc, a $2.98 billion deal that will allow GE to sharply increase its presence in the fast-growing market to extract oil and natural gas from shale.
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WASHINGTON, May 3- General Electric Co has won U.S. antitrust approval to buy oilfield pump maker Lufkin Industries Inc, a $2.98 billion deal that will allow GE to sharply increase its presence in the fast-growing market to extract oil and natural gas from shale.
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April 30- General Electric Co agreed to pay $40 million to settle a shareholder lawsuit accusing the conglomerate of misleading investors about its health and exposure to risky debt during the 2008 financial crisis.
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April 30- General Electric Co agreed to pay $40 million to settle a shareholder lawsuit accusing the company of misleading investors about its health during the 2008 financial crisis, court papers show.
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April 30- General Electric Co agreed to pay $40 million to settle a shareholder lawsuit accusing the company of misleading investors about its health during the 2008 financial crisis, court papers show.
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April 24- General Electric Co shareholders rejected a proposal on Wednesday to split the roles of chairman and chief executive, jobs currently held by Jeff Immelt.
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April 24- General Electric Co shareholders rejected a proposal on Wednesday to split the roles of chairman and chief executive, jobs currently held by Jeff Immelt.
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April 24- General Electric Co shareholders rejected a proposal to split the roles of chairman and chief executive, jobs currently held by Jeff Immelt, GE said on Wednesday.
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Revenue up slightly to $35 billion, beats Street. April 19- General Electric Co cut the profit growth estimate for its core industrial businesses on Friday, citing weakness in Europe and sliding wind turbine sales, unnerving Wall Street and pushing its stock down in morning trading.
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April 19- Strong sales to aviation and energy customers helped General Electric Co's first-quarter revenue beat Wall Street expectations on Friday, assuaging fears of a miss after a lukewarm report on March U.S. factory activity.
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Revenue up slightly to $35 billion, beats Street. April 19- General Electric Co warned of slowing profit growth in its industrial businesses due to weakness in Europe and sliding turbine sales, unnerving Wall Street and pushing its stock down in morning trading. But he said he still expects overall earnings, which include GE Capital, to improve this year.
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*Lufkin shares up 37.9 percent at $88.16; GE dips 0.2 percent. The deal values Lufkin at $88.50 per share, a premium of more than 38 percent to the stock's Friday close. Lufkin shares rose 37.9 percent to $88.16 in morning trading, while GE dipped 0.2 percent to $22.88.
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Discussing whether Washington is over-regulating and suffocating American business, with CNBC Contributor Bob Lutz.
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BOSTON, March 11- Political uncertainty in the United States could prompt Corporate America to throttle back on capital spending, the chief executive of General Electric Co warned in his annual letter to shareholders. We fear that this uncertainty will impact capital investment, "CEO Jeff Immelt said.
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BOSTON, March 11- Political uncertainty in the United States could prompt corporate America to throttle back on capital spending, the chief executive of General Electric Co warned in his annual letter to shareholders. We fear that this uncertainty will impact capital investment, "CEO Jeff Immelt said in a copy of the letter provided to Reuters on Monday.
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Feb 13- General Electric Co expects to return about $18 billion to investors this year in share buybacks and dividends as it sells its remaining stake in NBC Universal.
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General Electric is one of the biggest gainers in the Dow today after news hit that it's selling its remaining stake in NBCUniversal to Comcast for nearly $17 billion, reports CNBC's Mary Thompson.
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Feb 13- General Electric Co expects to return about $18 billion to investors this year as it sells its remaining stake in NBC Universal, a move that executives said should allow it to achieve its long-held goal of buying back the shares it issued in the depths of the financial crisis.
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*Will pay $3.2 billion in cash taxes on deal. Feb 13- General Electric Co expects to return about $18 billion to shareholders through share buybacks and dividend payments as a result of its deal to sell its remaining stake in NBC Universal to Comcast Corp, Chief Executive Jeff Immelt said on Wednesday.