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General Electric Co

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  • ST. PAUL, Minn., June 1- At a time when many companies are investing a smaller portion of revenues in research and development, 3 M Co has given Chief Technology Officer Ashish Khandpur more to spend, and he is aiming at bigger targets. Khandpur, a 20- year 3 M veteran and chemical engineer who holds patents related to pressure-sensitive adhesives, is helping oversee a...

  • June 1- NetJets Inc, the luxury aviation unit of Warren Buffett's Berkshire Hathaway Inc, said on Monday Jordan Hansell is stepping down as chairman and chief executive, in the midst of a bitter two-year contract dispute with its pilots. NetJets also said Bill Noe, 50, rejoined as president and chief operating officer, a position he held before leaving a few months...

  • FAIRFIELD, Conn.— In a public lobbying campaign with little precedent, leading businesses in Connecticut urged the legislature Monday to pull back from a proposed budget that boosts taxes for the second time in four years. General Electric Co., Aetna Inc. and the Travelers Companies Inc. criticized a budget deal hammered out over the weekend by Gov.

  • GE launches sales process for US lending units Monday, 1 Jun 2015 | 7:05 AM ET
    General Electric GE

    GE has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets, sources said.

  • NEW YORK, May 31- General Electric Co has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets as a part of its broad retreat from its finance businesses, sources familiar with the situation said on Sunday. Toronto-Dominion Bank, CIT Group Inc, Ally Financial Inc and Wells Fargo& Co are among the potential bidders for the...

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed lower on the last trading day of the month, as investors digested data and remained cautious on continued concerns about Greece.

  • GE taps Deutsche to sell Italian lender: Sources Thursday, 28 May 2015 | 6:31 PM ET
    General Electric GE

    GE picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus its industrial base, sources said.

  • LONDON, May 28- General Electric Co has picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus the U.S. conglomerate around its industrial base, two sources familiar with the matter said. Deutsche Bank could conduct a piecemeal sale and offload Interbanca's units such as lending, factoring, leasing and fleet as...

  • Early movers: BRCM, COST, EXPR, ANF & more Thursday, 28 May 2015 | 7:52 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • NEW YORK— Charter Communications agreed to buy Time Warner Cable on Tuesday for $55.33 billion. April: After more than a year, Comcast gives up on its bid to buy Time Warner Cable. November: London- based Liberty Global paid $13 billion for around 70 percent of Dutch cable provider Ziggo.

  • Why we’re frustrated with Congress: GE Monday, 25 May 2015 | 4:52 AM ET

    The U.S. has missed out by deciding to not join a China-led international investment bank, a senior executive at General Electric told CNBC.

  • HAMPTON, N.H./ WASHINGTON, May 22- Hillary Clinton on Friday voiced strong support for keeping the U.S. Export-Import Bank open and accused Republican opponents who want to close the export-promoting lender of putting American jobs at risk. Some of the bank's biggest beneficiaries, including General Electric Co and Boeing Co, say closing Ex-Im will lead to the...

  • The anti-tax group Club for Growth announced the broadcast and cable TV ads Thursday morning as part of a $1 million ad campaign in eight congressional districts urging lawmakers not to reauthorize the Export-Import Bank. Late Thursday afternoon, the Club for Growth said it was pulling the ads that were set to air Friday. Neither lawmaker mentioned the Club...

  • MANCHESTER, N.H./ WASHINGTON, May 22- Hillary Clinton on Friday will voice strong support for keeping the U.S. Export-Import Bank open and accuse conservative Republicans who want to close the export-promoting lender of destroying jobs, her campaign said. The government export credit agency, which helps finance foreign purchases of U.S.-made products, has...

  • Making wine from wastewater: No, it's not a joke Friday, 22 May 2015 | 12:00 PM ET
    Green Island Vineyards grows Pinot Noir grapes for top Napa Valley wineries, and uses treated wastewater to irrigate.

    "California has a lot of growing up to do on how to use water well," says a Napa wine grape grower who uses recycled wastewater to irrigate his vines.

  • Boomers like GE, but everybody really loves... Friday, 22 May 2015 | 7:30 AM ET
    The General Electric Co. (GE) logo is displayed during the company's annual meeting.

    Baby boomers' portfolios favor General Electric more than any other stock except one, TD Ameritrade data showed.

  • WASHINGTON, May 21- The U.S. Export-Import Bank moved a step closer to avoiding closure on Thursday as Senate Republican Leader Mitch McConnell agreed to hold a vote on renewing its charter in June. The decision gives Congress a legislative vehicle to start considering the fate of the federal export credit lender, with conservative House of Representatives...

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed narrowly mixed as the Fed minutes mostly confirmed market expectations for a rate hike in the second half of the year.

  • May 20- General Electric Co's chief on Wednesday gave a faster timeline for the U.S. conglomerate's massive finance asset sale as he more than doubled a target for benefits from its purchase of Alstom's power equipment business. GE, which announced plans last month to sell $200 billion in GE Capital finance assets, now expects to be largely done with the process...

  • Beware of bond bubble forming in ETFs Wednesday, 20 May 2015 | 2:08 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Should you invest in fixed income when corporations are all too eagerly selling new bonds in staggeringly large amounts? Likely not.