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Jeffrey Immelt

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  • *Siemens eyes Alstom's gas turbines business-sources. MUNICH/ PARIS, June 16- Germany's Siemens and Japan's Mitsubishi Heavy Industries will present a joint offer to France's Alstom in Paris on Monday, challenging a General Electric bid that sparked French government concern about retaining jobs and industry expertise.

  • *Mitsubishi and France would take equal stakes in Alstom- unions. MUNICH/ PARIS, June 13- Germany's Siemens and Japan's Mitsubishi Heavy Industries are putting the finishing touches on a joint offer for Alstom's turbine businesses that includes a cash element of roughly 9 billion euros, sources close to the bidders said.

  • Siemens and Mitsubishi finalize Alstom offer Friday, 13 Jun 2014 | 12:33 PM ET

    *Siemens would acquire gas turbines from Alstom, sources say. MUNICH/ PARIS, June 13- Germany's Siemens and Japan's Mitsubishi Heavy Industries are putting the finishing touches on a joint offer for Alstom's turbine businesses that includes a cash element of roughly 9 billion euros, sources close to the bidders said.

  • Siemens and Mitsubishi finalise Alstom offer Friday, 13 Jun 2014 | 12:33 PM ET

    *Siemens would acquire gas turbines from Alstom, sources say. MUNICH/ PARIS, June 13- Germany's Siemens and Japan's Mitsubishi Heavy Industries are putting the finishing touches on a joint offer for Alstom's turbine businesses that includes a cash element of roughly 9 billion euros, sources close to the bidders said.

  • BURGHAUSEN, Germany/ GEISMAR, Louisiana, June 2- Nestled in the green hills of southern Germany, chemical giant Wacker Chemie churns out a wide range of products, from an ingredient for chewing gum to the polysilicon crystals in solar cells.

  • Siemens CEO tries to calm storm over job cut leak Friday, 30 May 2014 | 6:08 PM ET
    Joe Kaeser, chief executive officer of Siemens AG, during a news conference in Berlin, Germany, May 7, 2014.

    The CEO of German conglomerate Siemens tried to calm a storm over job cuts after he let slip that his restructuring plan might cut 11,600 jobs.

  • *Storm comes as Siemens is considering bid for Alstom. BERLIN/ MUNICH, May 30- The chief executive of German conglomerate Siemens tried to calm a brewing storm over job cuts on Friday after he let slip at an investor conference in New York that his plan to restructure the company could put up to 11,600 staff at risk.

  • GE's Alstom offer adds 1,000 French jobs: Sources Wednesday, 28 May 2014 | 10:43 AM ET
    An Alstom welding instructor uses a sound wave sensor to test for defects in welded metal joints at Alstom SA's welding training facility in Stafford, U.K., May 12, 2014.

    General Electric has improved its offer for French train and turbine maker Alstom, with a pledge to create 1,000 jobs in France, sources said.

  • *Shares in Alstom rise on hope for progress in deal with GE. PARIS, May 28- General Electric strengthened its position in the battle for the power arm of French group Alstom on Wednesday with a pledge to create 1,000 jobs in France and recognition from Paris that it had made a more acceptable offer.

  • PARIS, May 28- U.S. conglomerate General Electric is committed to creating 1,000 industrial jobs in France within three years to seal a deal to take over Alstom's power arm, a source close to the talks told Reuters. GE's Chief Executive Jeff Immelt himself made the commitment when he met French President Francois Hollande earlier on Wednesday, the source said.

  • *Shares in Alstom rise 1.9 percent. PARIS, May 28- U.S. conglomerate General Electric has improved its offer for French train and turbine maker Alstom, notably concerning the impact on jobs, an official at French President Francois Hollande's office said on Wednesday.

  • PARIS, May 27- General Electric and Siemens defended rival proposals to buy the power arm of Alstom on Tuesday, both assuring France that its prized engineering firm would emerge strengthened, including in its remaining transport business.

  • GE boss faces public Alstom grilling in Paris Tuesday, 27 May 2014 | 9:16 AM ET

    *GE has extended its bid, Siemens seen readying rival offer. PARIS, May 27- General Electric boss Jeff Immelt faces a public French parliamentary grilling in person on Tuesday over his high-stakes plan to buy the power arm of engineering group Alstom, replacing a subordinate at the last minute.

  • Sizzling market for US IPOs cooling down Friday, 23 May 2014 | 8:40 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Companies are reconsidering their approach to listings as enthusiasm for once-booming biotech and social media offerings has wavered. The FT reports.

  • French govt gets more time to weigh GE/Alstom deal Thursday, 22 May 2014 | 5:08 PM ET
    An Alstom welding instructor uses a sound wave sensor to test for defects in welded metal joints at Alstom SA's welding training facility in Stafford, U.K., May 12, 2014.

    GE has agreed to push back a deadline for Alstom's board to vote on its offer for the company's power business, at the request of the French government.

  • May 21- General Electric Co Chief Executive Jeff Immelt said on Wednesday that GE is still going to "work constructively" with the French government on its bid for the power business of Alstom and that he expects the deal to close.

  • *Says government doesn't rule out taking a stake in Alstom. The government gave itself the power to block takeovers in "strategic" sectors on Thursday, throwing up a potential roadblock to U.S conglomerate General Electric's $16.9 billion bid for Alstom's power business.

  • PARIS, May 6- French President Francois Hollande said General Electric's bid for Alstom's energy business is not acceptable as it stands and that the government's aim is to get better offers. Alstom said last week it was reviewing a binding $16.9 billion bid from GE for its energy arm, although it has not turned down a rival offer from Germany's Siemens.

  • Shareholder letters telling it like it is Sunday, 4 May 2014 | 9:05 AM ET
    Jamie Dimon

    While most of them rightfully boast accomplishments and gains, some CEOs took the opportunity this year to shine a light on the not-so-great events of the past year.

  • PARIS, April 30- General Electric's overtures to the power business of France's former industrial beacon Alstom have shown again how the French state, for all its interventionist zeal, has limited room for manoeuvre against big business.