![]()
- Private Homebuilders in the US: Dead Men Walking
- Dividend Payout Could Hit Record Amount This Year
- With Investors So Bullish, Stock Pullback Must Be Ahead
- Is Bill Gross, PIMCO's Bond King, Losing His Touch?
- Why Saving Greece Could Destroy the World
- Apple’s Record Run: $500 Is a Magic Number
- Housing Still Hurting Consumers, Economy: Bernanke
- Get Ready for $5 Gas This Year: Ex-Shell CEO
- The World's Best Beers
- In Search of America's ‘Hottest Forecasters’
- Dow vs. S&P 500: Which is a Better Investment?
- Mick Fleetwood on the MP3 ‘Dumbing Down’ of Music
- Avis on the Road to Strong Growth: Analyst
- Private Homebuilders: Dead Men Walking
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- This Valentine’s Day Love Is Served on a Silver Platter
MOST SHARED
- US Stocks Avoid Closing Down Over 1%, Again
- When Love and the Fed Collide
- How Rescuing Greece Could Destroy the World
- Commodities Next Week: Why Gas Prices Are Heading Toward $5 Per Gallon
- 2012: The Year of the Stock Picker
- Get Ready for $5 Gas This Year: Ex-Shell CEO
- Pauley Perrette's Southern Bakery a Hit in Manhattan
- Private Homebuilders: Dead Men Walking
- Why Greece Will Default, Leave the Euro Zone
- Apple’s Record Run: $500 Is a Magic Number
MOST POPULAR
HOT ON FACEBOOK
Immelt Says GE Capital Worth up to $20 Billion: Report
GE Capital, the financial services arm of General Electric, is currently undervalued by investors and by some estimates could be worth up to $20 billion, GE Chairman and CEO Jeff Immelt told the "Charlie Rose" talk show Thursday, Dow Jones reported.
"Today it's probably worth $10 billion or $20 billion, something like that," Immelt said during the interview. However, he also said the unit had been overvalued in the past. (Update: A GE spokeswoman later clarified that Immelt was referring to what analysts are valuing GE's financial services at, and not what he thinks it's worth).
GE, [GE
Loading...
()
] which is the parent company of CNBC, has been bruised by the credit crisis with many analysts highlighting the financial unit as a source of trouble. The company has suffered writedowns and been forced to slash its dividend as the recession dented earnings.
Immelt also outlined plans to downsize GE during the interview, and increase the company’s reliance on technology. But he said that the company had "outsourced in places where we shouldn't," according to Dow Jones.
Immelt told the show that non-U.S. revenues for GE will increase from around 50 percent to above 60 percent, according to Dow Jones.
GE has a wide range of non-financial businesses, such as energy, health, transportation, infrastructure and industrial products. GE executives are hoping that the company will see a boost from the government’s stimulus packages, Dow Jones noted.
"You know, my sense is that the stimulus has got to get faster," he said, according to Dow Jones. "I think one of the things the president's going to have to grapple with is just, where does unemployment go over time, and how do we make sure that the stimulus gets to the right place so they can create jobs."
- Marketing clichés aside, sometimes diamonds are for investing.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
- This list of the 10 most active cities for speed traps was compiled by Trapster.com. See if your town is there.
- This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
- Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
- What kind of homes do celebrity couples share? Here’s our updated list. Take a look.











