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Industrial Conglomerates Jeffrey Immelt

  • Robots taking jobs in five years is BS, GE CEO Jeff Immelt says

    GE CEO Jeff Immelt says robots won't take over jobs in five years.

  • SEATTLE, June 14- General Electric Co said on Wednesday it will combine its power and energy distribution businesses to create its largest unit by revenue as the top executive at GE Power announced his retirement after failing to win the conglomerate's CEO job. The changes come just two days after Steve Bolze, a 24- year GE veteran who heads the power unit, lost out...

  • SEATTLE, June 14- General Electric Co said on Wednesday it will combine its power and energy distribution businesses to create its largest unit by revenue as the top executive at GE Power announced his retirement after failing to win the conglomerate's CEO job. GE said it will add its energy connections business- which provides power distribution and...

  • SEATTLE, June 14- General Electric Co said it will combine its power and energy distribution businesses to create its largest unit by revenue as the top executive at GE Power announced his retirement after failing to win the conglomerate's chief executive job. Steve Bolze, a 24- year GE veteran who heads the GE Power unit, said on Wednesday he was retiring after...

  • Steve Bolze, the head of GE Power, lost out to John Flannery, head of GE's Healthcare division, to succeed Jeff Immelt as CEO, starting Aug. 1. GE said on Wednesday it will fold its energy connections business into its GE Power unit, and that connections chief Russell Stokes would lead the combined business. Adding GE's energy connections business, which provides...

  • SEATTLE, June 14- General Electric Co said on Wednesday it will fold its energy connections business into its GE Power unit, and that connections chief Russell Stokes would lead the combined business as Steve Bolze retires as head of GE Power. Bolze said in a letter to employees that he had told GE Chief Executive Jeff Immelt he would retire after 24 years at GE if he...

  • * "No Plan B", says GE Power digital officer. "There is no plan B. We're not going back," Ganesh Bell, chief digital officer of GE Power, the group's largest industrial business, told Reuters on the sidelines of a Berlin conference to promote its digital products. Bell was speaking a day after GE named insider John Flannery as its next CEO, taking over from long-serving Jeff...

  • Jeff Immelt, chairman and chief executive officer of General Electric Co.

    Jim Cramer says the market's positive reaction to Jeff Immelt stepping down as CEO is a good sign for GE's stock.

  • Bull case for staying in GE through the shakeup

    Jim Cramer says the market's positive reaction to Jeff Immelt stepping down as CEO is a good sign for GE's stock.

  • *Flannery to take over as CEO on Aug. 1, chairman on Dec. 31. The maker of jet engines, power plants, medical scanners and railroad locomotives on Monday named veteran insider John Flannery as its next CEO, taking over from longtime leader Jeff Immelt, who reshaped one of corporate America's icons to focus more on technology but failed to deliver profit growth fast...

  • *S&P tech sector posts worst two-day drop since June 2016. NEW YORK, June 12- Apple shares added to last week's drop on Monday to lead a market downturn as tech, still the best performing S&P 500 sector this year, succumbed under its own weight. Mizuho Securities cut its rating on Apple to "neutral" from "buy" on Monday, saying the stock had outperformed this year and that...

  • *Flannery to take over as CEO on Aug. 1, chairman on Dec. 31. The maker of jet engines, power plants, medical scanners and railroad locomotives on Monday named veteran insider John Flannery as its next chief executive. He takes over from Jeff Immelt who will step aside Aug. 1 after 16 years as the head of the conglomerate he helped steer through the financial crisis but is...

  • Jeff Immelt

    Jeff Windau, Edward Jones analyst, and Louis Navellier, Navellier & Associates chairman & founder, discuss the outlook for General Electric after the departure of Jeffrey Immelt.

  • NYT's Stewart on what's next for GE

    Jim Stewart, The New York Times, discusses Jeffrey Immelt's departure from General Electric and what he sees for the corporation under new CEO John Flannery.

  • It is a good time for this transition: Immelt on GE

    CNBC's Morgan Brennan reports the latest on General Motors' Jeff Immelt being replaced by John Flannery.

  • June 12- The Nasdaq Composite was on track for its biggest two-day loss since September as a bout of profit-taking in the richly-valued technology stocks took a toll on Wall Street. "The real heavy lifting, or 40 percent of the move, that we saw was really on the back of a handful of technology stocks," said Art Hogan, chief market strategist at Wunderlich Equity...

  • Cramer states the bull case for staying in GE through its leadership shakeup

    Jim Cramer says the market's positive reaction to Jeff Immelt stepping down as CEO is a good sign for GE's stock.

  • June 12- When John Flannery was chosen to head GE Healthcare in 2014, his background as chief dealmaker for the industrial conglomerate led to speculation GE might consider spinning off its somewhat sickly health business. But a focus on expansion into new markets has helped lift sales at GE Healthcare to $18.3 billion last year, with organic revenue...

  • Jeff Immelt, then-chairman and chief executive officer of General Electric Co, speaks with an attendee during a meeting with President Donald Trump, not pictured, and manufacturing executives in the State Dining Room of the White House in Washington, D.C.

    A few of the C-suite executives advising President Donald Trump on how to grow the manufacturing sector have announced their departures.

  • *Flannery to take over as CEO on Aug. 1, chairman on Dec. 31. June 12- General Electric Co on Monday named veteran insider John Flannery as its next chief executive, taking over from Jeff Immelt who is stepping aside after 16 years as the head of the conglomerate he helped steer through the financial crisis but is now worth a third less than when he took over.