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Industrial Conglomerates Jeffrey Immelt

  • March 22- General Electric Co said it expected to cut costs and boost operating profit in its industrial unit and linked the bonuses of its senior management to meeting these goals, as it bows to pressure from Nelson Peltz's Trian Fund Management. The company said on Wednesday it expected industrial structural costs of $23.9 billion in 2017 and $22.9 billion in...

  • Cramer's Mad Dash: GE sets new profit target

    Jim Cramer explains why he is keeping an eye on shares of General Electric after the industrial giant ties bonuses to profit targets.

  • Jeff Immelt

    Sources close to GE are telling Fox Business that CEO Jeffrey Immelt is being "pushed into early retirement" by an activist investor.

  • Feb 27- The United States is "diverging" from the rest of the world and will be "less of a leader in trade", General Electric Co Chief Executive Jeffrey Immelt said in a letter to shareholders. President Donald Trump has vowed to stop U.S. manufacturing from disappearing overseas and in January formally withdrew the United States from the 12- nation Trans-Pacific...

  • Caterpillar Inc, United Technologies Corp, Dana Inc, 3 M Co and General Electric Co, are offshoring work to Mexico, China, India and other countries, according to a Reuters review of U.S. Labor Department records. Executives from the five companies are among a group of business leaders due to meet with Trump on Thursday to discuss how to help the president deliver on...

  • WASHINGTON, Feb 21- Chief executive officers of 16 companies, including Boeing Co, Caterpillar Inc and General Electric Co, have urged the U.S. Congress to pass a comprehensive tax code rewrite, including a controversial border tax. Republican House Speaker Paul Ryan has proposed lowering the corporate income tax to 20 percent from 35 percent, imposing a 20...

  • Jeff Immelt CEO of GE

    After more than a decade of stock underperformance, investors and analysts are ready for a turnaround — and GE continues to promise one.

  • GE CEO: We're running the president's play

    CNBC's Morgan Brennan recaps General Electric CEO Jeff Immelt's interview with "Mad Money" host Jim Cramer.

  • Jim Cramer on Mad Money.

    Jim Cramer saluted the decision-making power behind the entertainment giant.

  • Jeff Immelt CEO of GE featured on Mad Money with Jim Cramer

    Jim Cramer spoke with Jeffrey Immelt, who said the company doesn't need trade deals to be effective.

  • Jeff Immelt CEO of GE

    Jim Cramer spoke with Jeff Immelt, who said he plans to help Donald Trump in any way he can.

  • NEW YORK/ BOSTON, Jan 30- Most U.S. corporate bosses have stayed silent on President Donald Trump's immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash from the White House. While the leaders of Apple Inc, Google and Facebook Inc emailed their staff to denounce the suspension of the U.S. refugee program and...

  • NEW YORK/ BOSTON, Jan 30- Most U.S. corporate bosses have stayed silent on President Donald Trump's immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash from the White House. Wall Street, meanwhile, is hoping the new administration will ease some of the regulations introduced in the wake of the 2007-08...

  • NEW YORK/ BOSTON, Jan 30- Most U.S. corporate bosses have stayed silent on President Donald Trump's immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash from the White House. Wall Street, meanwhile, is hoping the new administration will ease some of the regulations introduced in the wake of the 2007-08...

  • WASHINGTON, Jan 27- President Donald Trump on Friday said he was launching a manufacturing jobs initiative and named a group of U.S. business executives and labor union officials to help with the effort, the White House said in a statement. Bill Brown, CEO of Harris Corp. Michael Dell, CEO of Dell Technologies.

  • Jan 20- General Electric Co is seeking a sharp cut in corporate tax rates under President Donald Trump but is bracing for U.S. sales of medical equipment to suffer if Congress delays changing U.S. healthcare laws. "From a GE perspective, at a minimum, we need to have a corporate tax system where the rate of taxation is commensurate with the OECD average of 21 or 22...

  • GE said revenue at its power plant unit was hit by failure to ship six gas turbines to Bahrain and Iraq that it expected to deliver in the quarter. The Boston- based maker of power plants, aircraft engines, locomotives and medical equipment said total revenue fell 2.4 percent to $33.1 billion, slightly below Wall Street expectations of $33.6 billion.

  • General Electric Chairman and Chief Executive Officer Jeffrey Immelt

    Shares of General Electric edged lower after the company reported mixed earnings results.

  • In affirming a target of $2 a share in operating earnings in 2018, Chief Executive Officer Jeff Immelt said GE would overcome expected weakness in its oil and gas business next year and dropped cautiousness the company had expressed in October. GE's target was slightly above analyst consensus estimates, and up from a range of $1.60 to $1.70 a share the company...

  • WASHINGTON, Dec 13- President-elect Donald Trump named the head of Exxon Mobil Corp, Rex Tillerson, as his choice for U.S. secretary of state on Tuesday and won backing from some Republican foreign policy figures for the oilman despite his ties to Russia. The Exxon CEO potentially faces a tough fight to be confirmed in the Republican-controlled Senate.