Industrial Conglomerates Jeffrey Immelt

  • 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.

  • WASHINGTON, Dec 13- President-elect Donald Trump announced Exxon Mobil Corp Chief Executive Officer Rex Tillerson as his choice for U.S. secretary of state on Tuesday, despite concerns from lawmakers in both political parties over the oilman's ties to Russia. Some lawmakers raised concerns about Tillerson's relationship with Moscow.

  • WASHINGTON, Dec 2- President-elect Donald Trump announced the formation of a council to advise him on job creation, a group comprised of the leaders of a variety of major U.S. corporations including GE, GM, Boeing, Disney and IBM. Stephen Schwarzman, chief executive officer of major investment firm Blackstone Group LP, will chair the council. In 2011, Obama convened...

  • WASHINGTON, Dec 2- President-elect Donald Trump announced the formation of a council to advise him on job creation, a group comprised of the leaders of a variety of major U.S. corporations including GE and GM to Boeing, Disney and IBM. In 2011, Obama convened a jobs council that was led by General Electric Co CEO Jeff Immelt and an export council headed by Xerox Corp...

  • A container is unloaded from the Hanjin Gdynia cargo ship berthed at the Port of Long Beach in Long Beach, California.

    The rise of e-commerce, especially between countries, will be the next "revolution," said Ken Allen, CEO of DHL Express.

  • WASHINGTON, Nov 15- America's manufacturers are urging President-elect Donald Trump to back off from his most threatening trade rhetoric and pursue a more nuanced approach to trade with China and Mexico, avoiding unilateral tariff actions and focusing on negotiations. For now, these groups are bracing for higher trade tensions with China and potential...

  • Jeffrey Immelt, chairman and CEO of US industrial giant General Electric

    General Electric CEO Jeffrey Immelt tells CNBC President-elect Donald Trump should look forward not backward.

  • Jeffrey Immelt

    CNBC's Carl Quintanilla speaks with Jeff Immelt, GE Chairman and CEO, at the company's Minds + Machines conference about President-elect Donald Trump's potential trade policies.

  • Martin Craighead, president and chief executive officer of Baker Hughes.

    The merger of Baker Hughes and GE Oil & Gas creates a new type of oilfield services firm that defies easy comparisons to peers.

  • Oil platforms sit under repair in Guanabara Bay in Rio de Janeiro, Brazil.

    Shares of Baker Hughes gave up early gains in volatile trading after the company announced it would merge with GE's oil and gas business.

  • A potential mega-deal: GE and Baker Hughes

    CNBC's Morgan Brennan reports on the potential merge between General Electric and Baker Hughes.

  • Jeff Immelt

    The deal "gives us an opportunity to create all the synergies of a combined GE and Baker Hughes," GE's Jeff Immelt tells CNBC.

  • The company's shares were down 0.9 percent at $28.81 in afternoon trading on the New York Stock Exchange. GE also raised its full-year target for cash returned to shareholders to $30 billion from $26 billion and noted it had returned $25 billion in the first three quarters. The company lifted its cash flow outlook to at least $32 billion, up from a range of $29...

  • NEW YORK, Oct 21- General Electric Co beat analyst profit forecasts in the third quarter, but revenue growth remained sluggish, prompting the company to scale back expectations for full-year revenue and profit on Friday, sending shares sharply lower. GE raised its full-year target for cash returned to shareholders to $30 billion from $26 billion and noted it...

  • GE reports mixed quarter

    Jack De Gan, Harbor Advisory breaks down General Electric's quarterly results, which beat on earnings but missed on revenue. At this point I think the shares are valued fully, says De Gan.

  • Donald Trump

    Despite pushing proposals that sound like a corporate chieftain’s dream, the Republican nominee isn’t getting much love from his peers.

  • Aug 30- General Electric Co on Tuesday named Richard Laxer chief executive of GE Capital, which the conglomerate began shrinking in 2015 as part of efforts to return to its industrial roots. Since April 2015, Sherin has led the transformation of GE Capital into a smaller, more focused business, GE Chief Executive Jeff Immelt said. GE also said GE Capital will now...

  • Jeff Immelt buys 50,000 GE shares

    GE CEO Jeff Immelt buys 50,000 GE shares, a purchase worth about $1.57M. CNBC senior markets commentator Mike Santoli and Stephanie Link, TIAA Global Asset Management, weigh in.

  • GE gets boost after earnings beat

    Nick Heymann, William Blair & Company, breaks down General Electric's quarterly results which posted EPS of $0.51 on revenues of $33.49 billion.