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
Apple’s Co-Founder and Chief Executive Steve Jobs is the “ultimate CEO who matters,” according to a ranking by Barron’s magazine. The annual ranking of top CEOs from around the world seeks to identify the corporate leaders who have top-notch reputations in the financial community and would be missed by investors if they unexpectedly left their jobs.
General Electric is affirming its earnings estimate for this year, and forecasting profit growth of 10-13% in 2007. The parent company of this network also boosting its quarterly dividend by 12%. This morning--GE Chairman and CEO Jeffrey Immelt spoke with The Squawk Box team – explaining how he'll deliver a "high-visibility, low-risk" year.