Nick Heymann, William Blair & Company, provides perspective on the industrial giant's mixed quarterly results and GE's Alstom acquisition.» 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.
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.
General Electric hopes that three letters - CFM - will convince French leaders to back its offer to rescue Alstom.
GE boss is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the power arm of French engineer Alstom
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the possibility of GE buying turbine maker Alstom.
Happy Tuesday. We interrupt our regularly scheduled springtime to bring you ... snow?
General Electric CEO Jeff Immelt purchased $2.6 million of the conglomerate's shares, following a rough start for the company's stock price in 2014.
Earnings so far: not so great, but we promise they'll be better in the second half! That's the bottom line from some companies this morning: sound familiar? The mess from Microsoft (MSFT) and Google (GOOG) is being muted by modest beats from big Industrial companies.
General Electric's improving margins and strength from its sector signals that the conglomerate will be moving much higher from here, said Cramer Friday.
Discussing whether Washington is over-regulating and suffocating American business, with CNBC Contributor Bob Lutz.