Industrial Conglomerates Jeffrey Immelt

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  • DUBAI, United Arab Emirates— General Electric Co. said Monday it made a series of deals with Saudi Arabia worth more than $1.4 billion as part of the kingdom's ambitious plan to wean itself off crude oil. GE's chairman and CEO Jeffrey Immelt said the project showed the company wanted to expand its long-time presence in Saudi Arabia in "a new and visionary way."

  • LONDON, May 19- The heads of 15 major international companies, including GE, Cisco, Mars, EMC, Airbus, and former New York Mayor Michael Bloomberg, have signed a letter to the Financial Times calling for Britain to remain in the EU. Representatives from many of the companies, which the government said together employed more than 170,000 people in Britain, also met...

  • NEW YORK, May 18- General Electric Co expects to hit its 2016 earnings targets despite tough conditions in its oil and gas business, lower industrial margins and slower revenue growth, Chief Executive Jeff Immelt said on Wednesday. Immelt affirmed the diversified industrial company's target of $1.45 to $1.55 per share this year in a presentation at the...

  • NEW YORK, April 22- General Electric Co reported lower first-quarter underlying revenue, citing weak sales of oil and gas drilling equipment, but it forecast a second-half upturn for power generation products that should help it meet its full-year target. "Given the negative revision in the oil and gas outlook, we believe investors will be viewing this growth...

  • NEW YORK, April 22- General Electric Co reported a higher-than-expected quarterly profit on Friday, but a closely watched revenue measure declined, raising questions about the company's full-year target. "The oil and gas environment is challenging," Chief Executive Officer Jeff Immelt said in a statement. The company's shares were down 0.9 percent at $30.70 in...

  • NEW YORK, April 22- General Electric Co reported a higher-than-expected first-quarter profit on Friday, but organic revenue fell 1 percent, raising questions about the company's full-year revenue target. The company reported earnings of 21 cents a share in the latest quarter, exceeding the analysts' average estimate of 19 cents, according to Thomson Reuters...

  • Sanders wrong about GE: Immelt

    In a "Washington Post" article, CEO Jeffrey Immelt defends his firm after recent comments from presidential hopeful Bernie Sanders.

  • BOSTON, March 24- General Electric Co Chief Executive Jeff Immelt hopes the conglomerate's headquarters move to Boston inspires a sense of staff "paranoia" over losing out to upstart rivals with better technology, he said on Thursday. In a lunch meeting with fellow Boston- based CEOs, Immelt said the maker of products ranging from jet engines to washing machines...

  • Microsoft Corp Chief Executive Satya Nadella speaks at a shareholders' meeting in Bellevue, Washington.

    Jim Cramer channeled his March Madness bracketology and crowned the eight CEOs ready to lead their companies to success in 2016.

  • Directions, Democrat and Republic

    A lot of the issues seem upside down, says CNBC's Jim Cramer weighing in on where political lines are drawn on Super Tuesday.

  • Jim Cramer on the set of Mad Money

    Jim Cramer says to cast your vote, caucus your candidate, just don’t forget about this opportunity for stocks.

  • Facebook Elections USA signs sit in the Facebook Lounge ahead of the first Republican presidential debate at Quicken Loans Arena in Cleveland, Ohio, U.S., on Thursday, Aug. 6, 2015.

    Jim Cramer attributed the negative political backdrop as the reason why investors are paying less for stocks than normal.

  • Feb 29- General Electric Co will continue to "aggressively" cut costs this year, Chief Executive Jeff Immelt said, reiterating the company's target for spending on restructuring in 2016.. The U.S. conglomerate in January doubled its estimate of restructuring spending for the year to $3.4 billion from the $1.7 billion it had targeted in December as it fights the...

  • General Electric CEO Jeffrey Immelt

    General Electric Chairman & CEO Jeff Immelt discussed what he believes will drive the "next great wave of productivity."

  • PARIS, Jan 26- French utility EDF said on Tuesday it had signed a preliminary agreement with Nuclear Power Corp of India Ltd to build six nuclear reactors at Jaitapur, in the west of India. EDF said that in the next few months it would continue work started by Areva and NPCIL to secure certification for the European Pressurised Reactor reactor in India and to...

  • The U.S. conglomerate plans to spend $3.4 billion on restructuring measures this year, double the $1.7 billion it targeted just last month, Chief Financial Officer Jeff Bornstein said in an interview just hours after the company reported lower-than-expected quarterly revenue. Investors sent GE shares down 1.8 percent to $28.07 on the New York Stock...

  • A woman is reflected on the black door of a General Electric (GE) refrigerator at a store selling electronics and appliances in Montebello, California on January 15, 2016.

    General Electric's profit in its industrial businesses fell 8 percent, hurt by weakness in its divisions catering to power and oil and gas industries.

  • *A blow to Connecticut, where GE was based for 42 years. NEW YORK, Jan 13- General Electric Co said on Wednesday it will move its global headquarters to Boston, tapping the city's technology talent and likely lowering its tax bill as the industrial conglomerate seeks to lift profit and emphasize digital capabilities. Massachusetts spends more on research and...

  • NEW YORK, Jan 13- General Electric Co said on Wednesday it will move its global headquarters to Boston, tapping the city's technology talent as the industrial conglomerate seeks to emphasize its digital capabilities. Massachusetts spends more on research and development than any other region in the world, and Boston attracts a diverse,...

  • NEW YORK, Jan 13- General Electric Co said on Wednesday it will move its global headquarters to Boston and sell its offices in Fairfield, Connecticut, and Rockefeller Plaza in New York City. The decision caps a search that began last summer as Connecticut lawmakers passed a budget that increased taxes by $1.2 billion over two years, drawing protests from some of...