Jeffrey Immelt


  • 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.

  • GE's Immelt: Alstom deal makes us $60B player here Wednesday, 30 Apr 2014 | 9:38 AM ET
    Jeff Immelt, chairman and chief executive officer of General Electric Co.

    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.

  • GE CEO confident Alstrom deal will go through     Wednesday, 30 Apr 2014 | 9:36 AM ET

    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.

  • GE trumpets jet venture to bolster Alstom bid Tuesday, 29 Apr 2014 | 5:49 AM ET
    Jeff Immelt, chairman and chief executive officer of General Electric Co.

    General Electric hopes that three letters - CFM - will convince French leaders to back its offer to rescue Alstom.

  • GE boss to meet French minister as Alstom deal progresses Saturday, 26 Apr 2014 | 10:17 AM ET

    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

  • European markets close: 'Oui' to GE?     Thursday, 24 Apr 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the possibility of GE buying turbine maker Alstom.

  • Morning six-pack: What we're reading Tuesday Tuesday, 15 Apr 2014 | 9:19 AM ET
    Protesters call for tax increases on the wealthy.

    Happy Tuesday. We interrupt our regularly scheduled springtime to bring you ... snow?

  • GE CEO spends entire $2.6M bonus on company's stock Tuesday, 4 Mar 2014 | 11:22 AM ET
    Jeff Immelt, chairman and chief executive officer of General Electric Co.

    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.

  • Market at new high despite some earnings misses Friday, 19 Jul 2013 | 2:49 PM ET

    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.

  • Cramer: This stock is set for a break-out Friday, 19 Jul 2013 | 10:20 AM ET

    General Electric's improving margins and strength from its sector signals that the conglomerate will be moving much higher from here, said Cramer Friday.

  • GE's Immelt: Too Much Regulation     Monday, 11 Mar 2013 | 7:44 PM ET

    Discussing whether Washington is over-regulating and suffocating American business, with CNBC Contributor Bob Lutz.