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.» Read More
Sept 29- General Electric Co expects its software revenue to roughly triple to $15 billion by 2020 as it reaps significant gains from its digital operations, the U.S. industrial conglomerate said on Tuesday. The company released its projection at its annual Minds and Machines conference in San Francisco, which spotlights its digital technology capabilities.
Sept 24- General Electric Co said on Thursday it reached an agreement with Britain's export credit agency for up to $12 billion in financing, possibly creating as many as 1,000 jobs in the country. GE is already shifting jobs overseas because of the lack of U.S. export financing and plane-maker Boeing Co, the largest U.S. exporter, has threatened to do the same.
Sept 24- General Electric Co said on Thursday it reached an agreement with Britain's export credit agency to access export financing of up to $12 billion, as the U.S. conglomerate continues to spotlight the expiration of the U.S. Export-Import Bank. In GE's latest announcement, the company said the financing deal would support orders for oil and gas and other...
NEW DELHI, Sept 21- General Electric Co will not invest in atomic energy in India until accident liability laws are brought in line with global rules, Chairman Jeff Immelt said on Monday, in a setback for top-level efforts to get U.S. firms to build power stations. Speaking shortly after a meeting with Indian Prime Minister Narendra Modi, Immelt said India needed to "...
WASHINGTON/ NEW YORK, Sept 17- Turning up the pressure on Congress to revive the U.S. Export-Import Bank, General Electric Co said on Thursday it would open a new development center for turboprop engines in Europe because it cannot access U.S. export financing. The GE's move was the latest effort by a big company to raise the alarm in Washington about the shutdown of...
WASHINGTON, Sept 15- The United States and China have exchanged revised offers for a proposed investment treaty, a spokeswoman for the U.S. China, which has more restrictions on foreign investment than the United States, is in talks with Washington to reduce the scope of so-called negative lists of sectors closed to the other side's investors.
GE seeks to sell its asset management arm to an investment management firm, as it continues to make moves to focus on its industrial products.
Sept 10- General Electric Co said on Thursday it would seek to sell its asset management arm to an investment management firm, as the U.S. conglomerate continues to make moves to focus on its industrial products. The plan to unload the asset management arm comes after GE announced in April it would seek to sell some $200 billion worth of its GE Capital assets as it...
Sept 10- General Electric Co is expected to decide on a new location for its headquarters in the fourth quarter of this year, Chief Executive Jeff Immelt told CNBC. The company has been looking at moving its headquarters out of Fairfield, Connecticut after lawmakers passed a budget in June that includes $1.2 billion in tax increases despite protests from some of...
Jeffrey Immelt, General Electric chairman & CEO, shares his plans on growing General Electric amid market volatility. Also Immelt shares his thoughts on regulations, the upcoming 2016 elections and dredging the Hudson River.
Jeffrey Immelt, General Electric chairman & CEO, shares his thoughts on the impact of lower oil prices, Europe and currency fluctuations. Also Immelt weighs in on interest rates, and globalization.
Jeffrey Immelt, General Electric chairman & CEO, discusses the approval of European regulators to buy Alstom's power business. Also Immelt shares this take on China. Underlying there's still growth there.
Harvard Business School continues to be the gold standard for business leadership in Wall Street, Silicon Valley and other major sectors.
Nick Heyman, William Blair analyst, weighs in on General Electric's move to 'reinvent' itself and gain market share. They've found the next big thing - GE software's data analytical.
Jack De Gan, Harbor Advisory CIO, weighs in on GE's Alstom bid, quarterly earnings and where the company should put its cash.
General Electric said it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of Alstom.
Nick Heymann, William Blair & Company analyst, weighs in on General Electric's quarterly results and the impact of a strong dollar on earnings.
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.
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.
Don't start your trading day without finding out what CNBC's Jim Cramer is watching ahead of the opening bell.