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Jeffrey Immelt

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  • BOSTON, March 25- CEOs at large U.S. companies collectively realized at least $6 billion more in compensation than initially estimated in annual disclosures in the five years after the financial crisis first hit, according to a Reuters analysis. About 300 CEOs who served throughout the 2009-2013 period at S&P 500 companies together realized about $22 billion...

  • March 16- General Electric Co Chief Executive Officer Jeff Immelt is sticking by his company's model for housing diverse businesses under one roof at a time when other U.S. conglomerates are looking at hiving off units to please investors. In a wide-ranging annual letter to shareholders released on Monday, Immelt details advantages from such scale through...

  • SHARM EL-SHEIKH, Egypt— Corporate leaders offered upbeat assessments Saturday of Egypt's economic prospects and confidence in the government's ongoing efforts to streamline the country for business after four years of unrest, as companies signed billion dollar deals at a conference aimed at spurring investment. The meeting, a cornerstone of the...

  • GE weighs deeper cuts to banking business - WSJ Wednesday, 11 Mar 2015 | 5:23 PM ET

    March 11- General Electric Co is considering making deeper cuts in its banking business, the Wall Street Journal reported, citing people familiar with the matter. "GE is an industrial company first and foremost," Chief Executive Jeff Immelt says in a letter to shareholders to be published on March 16 with the company's annual report. "But make no mistake, the...

  • Jan 23- General Electric Co reported a 9 percent rise in quarterly industrial profit on Friday as its businesses that sell power-generating turbines and jet engines helped offset weak sales in its oil and gas unit. "It's going to be an albatross... as long as energy prices stay low," said Tim Ghriskey, chief investment officer of Solaris Asset Management.

  • Jan 23- General Electric Co reported a 9 percent rise in quarterly industrial profit on Friday as its businesses that sell power-generating turbines and jet engines helped offset weak sales in its oil and gas unit. The U.S. conglomerate said its fourth-quarter net income rose 61 percent to $5.15 billion, or 51 cents per share, from a year earlier, when results...

  • PREVIEW-Low oil prices put pressure on GE shares Thursday, 22 Jan 2015 | 2:22 PM ET

    Jan 22- For massive conglomerate General Electric Co, the plunge in oil prices stands to both help and hurt. Since 2007, GE has invested $14 billion in this once-fast-growing unit through acquisitions. "We recognize that lower oil prices will affect this business, but no one knows how much yet," said Charlie Smith, chief investment officer of Fort Pitt Capital, which...

  • *Expects 2015 earnings $1.70- $1.80/ share vs est $1.79. NEW YORK, Dec 16- General Electric Co gave a 2015 profit forecast range on Tuesday that barely included Wall Street's target as the U.S. conglomerate braced for a "sluggish" oil and gas sector due to plunging crude prices. "We're really planning the company for a sluggish oil and gas sector in' 15," Chief Executive...

  • *Expects 2015 earnings $1.70- $1.80/ share vs est $1.79. NEW YORK, Dec 16- General Electric Co said it expects profit from its industrial units to rise by at least 10 percent in 2015, helped by its power and water, aviation and energy management businesses. Earlier this year, it struck a $16.9 billion deal to buy the power business of France's Alstom SA.

  • NEW YORK, Dec 16- General Electric Co said it expects profit from its industrial units to rise by at least 10 percent in 2015, helped by its power and water, aviation and energy management businesses. Earnings from its industrial units are expected to be $1.10- $1.20 per share next year, the conglomerate said in a presentation on Tuesday at an investor meeting in New...

  • The U.S. company, which is expected to get more than $1 billion from the planned sale, and Hyundai are working with separate investment banks on the deal, the person said. GE's spokesman in South Korea, Bill Joh, declined to comment on the matter, while representatives at Hyundai could not be immediately reached for comment. In response to a local South Korean media...

  • *Safran says comfortable with profit target. PARIS, Oct 23- France's Safran posted solid third-quarter sales and said it would easily meet 2014 profit forecasts on Thursday, pushing its shares up as aerospace investors put aside recent concerns over the economy. Safran and GE are equal partners in CFM International, the world's largest maker of jet engines by...

  • 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...

  • 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...

  • GE's industrial Internet   Thursday, 9 Oct 2014 | 10:26 AM ET
    GE's industrial Internet

    CNBC's Morgan Brennan reports from General Electric's third annual Minds + Machines conference where CEO Jeff Immelt announced strategic partnerships with Intel, Cisco and AT&T to name a few.

  • 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...

  • GE's hotshot Oil & Gas chief peers into future Thursday, 11 Sep 2014 | 1:18 PM ET
    GE Oil & Gas CEO Lorenzo Simonelli attends a press conference during the InnoTrans fair.

    He has two directives: To grow the business and harness technologies from GE's other businesses to better serve his customers.