Industrial Conglomerates Jeffrey Immelt

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  • NEW YORK, July 22- General Electric Co on Friday reported a sharp rise in adjusted net income in the second quarter, as its aviation, healthcare and power businesses countered weak demand for oil and gas and transportation equipment. The figure included a gain of 20 cents a share from the sale of GE's appliances business to Qingdao Haier Co Ltd, which closed in June.

  • NEW YORK, July 22- General Electric Co on Friday reported a sharp rise in adjusted net income in the second quarter, as its aviation, healthcare and power businesses countered weak demand for oil and gas and transportation equipment. GE's adjusted earnings per share of 51 cents a share topped the 46 cents a share analysts expected, according to Thomson Reuters...

  • GE's adjusted earnings per share of 51 cents a share topped the 46 cents a share analysts expected, according to Thomson Reuters I/B/E/S. "The diversity and scale of our portfolio enabled the company to perform well despite a volatile and slow growth economy," GE Chief Executive Jeffrey Immelt said in a statement. GE shares were at $32.50 in pre-market trading,...

  • FAIRFIELD, Conn.— General Electric moved to a profit in its second quarter, bolstered by strong performances from its power, aviation and health care segments. That topped the 46 cents per share that analysts surveyed by Zacks Investment Research expected. General Electric Co. has been shedding its financial and capital units over the last few years in an effort...

  • BOSTON, July 21- Leaders of top U.S. companies and investment firms on Thursday released a set of governance recommendations meant to encourage long-term economic growth, an unusual step that drew mixed reviews from advocates of deeper corporate reforms. Backers of the principles included well-known chief executives Jamie Dimon of JPMorgan Chase& Co, Jeff...

  • Microsoft employee Gillian Pennington demonstrates the Microsoft HoloLens augmented reality (AR) viewer during the 2016 Microsoft Build Developer Conference on March 30, 2016 in San Francisco, California.

    The new Pokemon Go app could have positive implications for other companies, including Microsoft, CEO Satya Nadella said.

  • Nadella, Immelt talk HoloLens

    Microsoft CEO Satya Nadella, discusses the success of the augmented reality app Pokémon Go, and the future of gaming opportunities and "HoloLens" for technology companies.

  • Nadella: America has to be the beacon of progress

    Microsoft CEO Satya Nadella, and General Electric Chairman and CEO Jeffrey Immelt, discuss how to get growth for America's economy.

  • It was a big victory for GE CEO Jeffrey Immelt, who since April 2015 has reached agreements to unload about $180 billion worth of GE Capital businesses to lessen the industrial conglomerate's exposure to the finance sector and shed the designation. The oversight council, made up of all the heads of the major U.S. regulatory agencies, voted unanimously to remove...

  • FSOC: Distress at GE no longer poses threat

    The Financial Stability Oversight Council removed GE Capital's designation as "systemically important." CNBC's Mary Thompson reports the finance arm of the firm is no longer subject to oversight by the Fed.

  • June 14- Chief executives of the biggest U.S. corporations saw their pay rise in 2015 at the slowest rate in seven years, but it's not because their boards were suddenly getting tough. "It's the smallest pay rise in a long time but that doesn't mean that CEOs weren't bringing home more money," said John Roe, head of advisory at ISS Corporate Solutions.

  • Trian's $2.5B GE bet

    In the case of GE, we consider ourselves "validation capital," says Peter May, Trian Fund Management, talking about peak activism and its investment in General Electric.

  • 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...

  • GE reaffirms 2016 earnings guidance

    CNBC's Mary Thompson recaps the highlights of General Electric's earnings call.

  • 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...

  • GE's Immelt: Business in China is good

    CNBC's Mary Thompson provides the latest highlights from General Electric's conference call.

  • 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...

  • Blodget: We need more great companies like GE

    Henry Blodget, Business Insider CEO, discusses General Electric CEO Jeff Immelt's rebuttal to presidential candidate Bernie Sanders, and how inequality in the company is affecting both corporations and the general population.