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.» Read More
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 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.
Companies are reconsidering their approach to listings as enthusiasm for once-booming biotech and social media offerings has wavered. The FT reports.
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.
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.
*Alstom says committee to review offer before end-May. PARIS, April 30- Cash-strapped French engineering group Alstom said on Wednesday it would explore a $16.9 billion offer from General Electric for its energy arm while leaving the door open to a rival bid from Germany's Siemens.
GE's $13.5 billion bid for a French energy group would make the U.S. company the biggest industrial player in emerging markets, CEO Jeff Immelt says.
Jeffrey Immelt, General Electric chairman & CEO, discusses how the synergies between GE and Alstrom will likely drive earnings and increase the company's industrial mix.
*Alstom says committee to review offer before end-May. *Alstom says would refocus on transport, repay debt. PARIS, April 30- Cash-strapped French engineering group Alstom said on Wednesday it would study a $16.9 billion offer from General Electric for its energy arm but left the door open for a rival bid from Germany's Siemens.
NEW YORK, April 30- The head of General Electric said on Wednesday talks with the French government on its offer for Alstom's energy assets had been "productive" and expressed confidence that the deal would go through despite a potential rival offer from Germany's Siemens.
NEW YORK, April 30- The head of General Electric said on Wednesday that talks with the French government on its offer for Alstom's energy assets had been "productive" and expressed confidence it would go through despite a potential rival offer from Germany's Siemens.
*Talks not exclusive, Alstom can hold talks with Siemens. The French transport-to-turbines group is also set to receive an offer from its much larger German competitor Siemens AG, which said it had sent a letter to Alstom after its managing and supervisory boards had decided to make an offer.
*Alstom may grant Siemens 2-3 weeks to provide details. PARIS/ LONDON, April 29- Alstom is likely to give Germany's Siemens two to three weeks to draw up a detailed plan to buy the French engineering group's power business, sources close to the talks said on Tuesday.
PARIS, April 28- France said it would defend jobs and its national interest as it met suitors eyeing a breakup of engineering group Alstom on Monday and suggested it preferred Germany's Siemens over U.S. giant General Electric.