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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...

  • 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...

  • Stocks that could pay big dividends in 2015 Monday, 12 Jan 2015 | 12:23 PM ET
    A trader works on the floor of the New York Stock Exchange.

    Last year was a great one for many high-yielding stocks, and investment managers are hoping for something close to that in 2015.

  • Limited ruble risk for US companies Wednesday, 17 Dec 2014 | 12:40 PM ET
    Customers use their mobile phones beside a digital advertisement inside a Citibank bank branch in Moscow.

    Few U.S. companies have a big exposure to the Russian ruble's ongoing collapse.

  • GE's Immelt: Oil cycle an opportunity   Wednesday, 17 Dec 2014 | 9:46 AM ET
    GE's Immelt: Oil cycle an opportunity

    Jeffrey Immelt, General Electric chairman & CEO, discusses the current oil cycle and gives his read on China's outlook.

  • *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...

  • Three things GE must do: Expert   Friday, 17 Oct 2014 | 6:32 AM ET
    Three things GE must do: Expert

    Nick Heymann, William Blair & Company, provides perspective on the industrial giant's mixed quarterly results and GE's Alstom acquisition.

  • 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.

  • 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.

  • US-Africa trade faces Ex-Im risk, warns GE's Immelt Monday, 4 Aug 2014 | 7:37 AM ET
    Jeffrey Immelt, chairman and chief executive officer of General Electric.

    The U.S.'s decision to close its Export-Import Bank would damage U.S. companies trying to do business in Africa, GE's Jeff Immelt said.

  • Defending the Dog: Bullish case for GE   Tuesday, 24 Jun 2014 | 8:16 AM ET
    Defending the Dog: Bullish case for GE

    Jack De Gan, Harbor Advisory CIO, weighs in on General Electric's turnaround strategy and its deal to acquire French firm Alstom. It's a good step towards making GE a more industrialize enterprise, says Larry Bossidy, former Honeywell chairman & CEO.

  • Need for the Ex-Im Bank: Bossidy   Tuesday, 24 Jun 2014 | 7:16 AM ET
    Need for the Ex-Im Bank: Bossidy

    Former Honeywell chairman & CEO Larry Bossidy, shares his thoughts on the push to re-authorize the Export-Import Bank.