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Industrial Conglomerates Jeffrey Immelt

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  • Aug 5- General Electric Co said on Wednesday it is developing a cloud-based service tailored for industrial customers, the latest step in the U.S. conglomerate's effort to gain business from data generated by machines. GE Chief Executive Jeff Immelt has bet on developing analytics and software for customers of the company's jet engines, power-generating...

  • WASHINGTON, July 29- Boeing Co Chairman Jim McNerney on Wednesday said the aircraft maker was actively considering moving "key pieces" of its operations to other countries given the uncertainty of the future of the Export-Import Bank, whose charter expired on June 30. Its charter lapsed after conservatives in the U.S. Congress cast it as a promoter of "crony...

  • July 17- General Electric Co raised its 2015 outlook for its industrial manufacturing businesses on Friday as it reported a 5 percent increase in its quarterly industrial profits, helped by stronger performance in its power division offsetting weak oil segment results. Investors are focused even more greatly on the U.S. conglomerate's manufacturing of...

  • GE met with European regulators on Thursday to allay worries its 12.4 billion euro acquisition of Alstom's power equipment business would leave Europe with two gas turbine players. "Alstom is in that core of what they're trying to become," said Peter Jankovskis, co-chief investment officer at Oakbrook Investments, which owns 1.7 million GE shares.

  • WASHINGTON, June 30- U.S. exporters large and small scrambled on Tuesday to urge foreign customers not to abandon deals supported by the U.S. Export-Import Bank, which will be forced to halt new business at midnight as its charter expires. Companies affected range from giants including aircraft maker Boeing Co and General Electric Co to small exporters of...

  • WASHINGTON, June 17- General Electric Co Chairman Jeff Immelt warned on Wednesday that the company would move manufacturing jobs to Canada and Europe if the Export-Import Bank closes and that U.S. economic influence will wane if Congress blocks a major Pacific-rim trade pact. The charter of the Ex-Im Bank, the U.S. government's export credit agency, will expire...

  • NEW YORK, June 12- Connecticut Governor Dannel Malloy on Friday proposed cutting planned business taxes by $223.7 million over two years after several large corporations threatened to leave the state. Connecticut's state legislature passed a $40 billion biannual budget last week that hiked taxes by $1.2 billion over the next two years, prompting a backlash...

  • BRUSSELS, June 11- General Electric Co may need to offer bigger concessions to win European Union approval for its purchase of Alstom SA's power unit as regulators plan to warn the U.S. company that the deal would harm competition, two people familiar with the matter said on Thursday. GE's planned 12.4 billion euro purchase of Alstom's power equipment business,...

  • NEW YORK, June 4- General Electric Co has assembled an "exploratory team" to look at moving its headquarters out of Connecticut after lawmakers passed a budget that includes $1.2 billion in tax increases despite protests from some of the state's biggest corporations. In an email sent on Thursday to GE's Connecticut employees and obtained by Reuters, Chief...

  • Immelt asks GE team to weigh Connecticut pullout Thursday, 4 Jun 2015 | 5:12 PM ET

    NEW YORK, June 4- General Electric Co has assembled an "exploratory team" to look at moving its headquarters out of Connecticut after lawmakers passed a budget raising taxes by $1.2 billion, despite protests from some of the state's biggest corporations. In an email sent on Thursday to GE's Connecticut employees and obtained by Reuters, Chief Executive Jeff...

  • May 27- As General Electric Co seeks to unload most of its finance assets, it is prioritizing the sale of businesses that provide lending to U.S. and European private equity firms, and to healthcare-related businesses, GE Capital's top executive said on Wednesday. We have to get those done quickly, " Keith Sherin, chief executive of GE Capital, told an investor...

  • 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...

  • WASHINGTON, May 19- General Electric Co would lose a $350- million deal to build locomotives for Angola, and perhaps billions of dollars more in future export opportunities, if Congress closes the U.S. Export-Import Bank, a senior GE executive told Reuters. GE, along with other major U.S. exporters including Boeing Co and business groups like the U.S. Chamber of...

  • NEW YORK/ BRUSSELS, May 11- General Electric Co said on Monday for the first time it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of France's Alstom. "We are willing to explore remedies to get this deal done even though again we believe in the merits of the deal," Steve Bolze, president and CEO of GE Power&...

  • BRUSSELS, May 4- General Electric's CEO will meet the European antitrust chief on Tuesday, according to a person familiar with the matter, as the EU investigates the U.S. company's 12.4- billion-euro bid for an Alstom business. GE is seeking to convince the Commission to approve its proposal to buy French company Alstom's power equipment business, without...

  • GE reports mixed Q1 results Friday, 17 Apr 2015 | 6:34 AM ET
    GE reports mixed Q1 results

    Jack De Gan, Harbor Advisory CIO, breaks down General Electric's earnings and weighs in on the industrial giant's buyback program and its prospects in aerospace.

  • Schwarzman, GE... everybody won: Jack Welch Thursday, 16 Apr 2015 | 8:51 AM ET
    Schwarzman, GE... everybody won: Jack Welch

    The financial services business is a changed game, says Jack Welch, former GE CEO, sharing his thoughts on Jeffrey Immelt's plan to reshape GE's business.

  • April 15- As General Electric Co stock soared last Friday to its biggest one-day gain in six years, investor Patrick Kaser's fund made a choice: Sell it all. Kaser, who manages Brandywine Global's $7 billion large-cap value equity portfolio, said his fund unloaded its entire 6 million-share position after the U.S. conglomerate announced it would shed most of its...

  • Cramer's stocks to watch: GE Monday, 13 Apr 2015 | 8:52 AM ET
    Cramer's stocks to watch: GE

    Don't start your trading day without finding out what CNBC's Jim Cramer is watching ahead of the opening bell.

  • GE cashes out and changes its ways Monday, 13 Apr 2015 | 8:03 AM ET
    GE cashes out and changes its ways

    Harry Wilson, MAEVA Group chairman & CEO, discusses General Electric's plan to restructure and regain the competitive advantage. And William Daley, former Obama chief of staff, adds perspective