General Electric said it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of Alstom.» Read More
General Electric, the nation’s largest corporation, had a very good year in 2010. The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States. Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.
Immelt has been appointed to the new Council on Jobs and Competitiveness, which replaces the disbanded Paul Volcker Economic Recovery Advisory Board. Immelt was a member of that original board. Now he has a more elevated position in the Obama 2.0, allegedly pro-business, move-to-the-center Clintonesque White House.
"I am a huge bull on this country. We are not going to have a double-dip recession at all," said Buffett, chairman of Berkshire Hathaway. "I see our businesses coming back across the board."
General Electric Chairman and Chief Executive Jeffrey Immelt declined a bonus for a second consecutive year, but his total compensation rose slightly from 2008, largely reflecting a change in pension values.
General Electric CEO and Chairman Jeff Immelt told CNBC Friday that the opening of a manufacturing technology center in Michigan is a perfect example of public and private partnership working together.
Stocks pared their gains on Wednesday as banks pulled back but investors remained hopeful that the worst may be over for the economy. Treasury Secretary Timothy Geithner told a Senate panel that financial markets are "starting to heal" and that a program to remove toxic assets from bank balance sheets would begin in the next six weeks. Read and listen to what experts had to say...
There are a number of indicators that are showing signs of stabilization in the economy, said Jeff Immelt, chairman and CEO of General Electric.
At General Electric's shareholder meeting Wednesday, chairman and chief executive Jeffrey Immelt responded to shareholder concerns — and anger — about dividend cuts and the conglomerate's stock price.
What follows below is the transcript of my interview with legendary former General Electric Chairman & CEO Jack Welch on The Kudlow Report last night.
Plus, a look at what the stimulus package means for the homebuilders, Washington's plans for the banks and executive compensation.
The unemployment rate is at 7.2 percent, that's just for openers, and investors should plan accordingly, according to Michael Yoshikami of YCMNET Advisors. He feels portfolios should be built on shares of companies with safe dividend returns, because those waiting for growth are going to wait a long time.
When volume is light—as it typically is in bear markets—the actions of a relatively small number of investors can have a profound impact on stock prices.
U.S. consumers are going to continue to feel pain until housing prices stabilize, even though global growth remains mostly strong, General Electric Chairman Jeff Immelt said.
General Electric planned sale of its 100-year-old appliance unit makes sense to some investors, but any deal would have only a limited effect on the conglomerate's battered share price.
General Electric plans to auction off its appliances business for as much as $8 billion, ending the company's long association with so-called "white goods," the Wall Street Journal reported.
On Friday I did a sidebar story on what might be ailing General Electric's healthcare business. (Disclosure: CNBC is owned by NBC Universal, which is a unit of GE). It was responsible for a penny of the earnings miss. On "Squawk Box" that morning CEO Jeff Immelt said the longer-than-expected closure of a manufacturing plant was partially to blame.
General Electric's earnings miss was a "bump in the road" that will be overcome as the industrial bellwether sheds poor-performing businesses and the economy improves, CEO Jeff Immelt said on CNBC.
General Electric said it expects 2008 profit of "at least" $2.42 per share, up at least 10 percent, Chairman and Chief Executive Jeff Immelt told investors Tuesday.
General Electric Chief Executive Officer Jeff Immelt on Wednesday reiterated that the global economy was strong despite a tough housing market.
The following is a transcript of a CNBC interview with General Electric Chairman and CEO Jeff Immelt on CNBC's "Morning Call" today at 10:10 AM ET.