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Industrial Conglomerates Jeffrey Immelt

  • John Flannery, GE

    GE on Monday announced that Chairman and CEO Jeff Immelt will be stepping down.

  • Immelt 'brought his best' every day: Jack Welch

    Former GE CEO Jack Welch releases a statement on the departure of Jeffrey Immelt as General Electric's chief executive.

  • *Futures down: Dow 41 pts, S&P 6.75 pts, Nasdaq 48.75 pts. June 12- U.S. stock index futures were lower on Monday, with Nasdaq futures taking the biggest hit as investors locked in gains on the richly-valued technology sector. Shares of the world's most valuable listed company fell 2 percent to $145.97 in heavy premarket trading on Monday.

  • *Futures down: Dow 41 pts, S&P 6.75 pts, Nasdaq 48.75 pts. June 12- U.S. stock index futures were lower on Monday, with Nasdaq futures taking the biggest hit as investors locked in gains on the richly-valued technology sector. Shares of the world's most valuable listed company fell 2 percent to $145.97 in heavy premarket trading on Monday.

  • Jeff Immelt

    GE needed a new messenger, says Scott Davis, Barclays, weighing in on the departure of General Electric CEO Jeffrey Immelt and discussing John Flannery, Immelt's replacement.

  • Immelt also oversaw the restructuring of the GE Capital unit and shifted the conglomerate's focus from finance to manufacturing. Flannery, 55, who is currently president and CEO of GE Healthcare, joined GE Capital about three decades ago. He has led GE's equity business in Latin America and the overall GE Capital business for Argentina and Chile.

  • Flannery, 55, who is currently president and CEO of GE Healthcare, started working with GE Capital about three decades ago. He has led GE's equity business in Latin America and the overall GE Capital business for Argentina and Chile. Flannery has led the turnaround of GE Healthcare, increasing organic revenue by 5 percent and margins by 100 basis points in 2016,...

  • Jeff Immelt CEO of GE

    Jeff Sonnenfeld, Yale School of Management, talks about the departure of General Electric CEO Jeffrey Immelt.

  • June 12- General Electric Co on Monday named John Flannery chief executive of the company. Jeff Immelt would remain chairman of the board through Dec. 31, GE said in a statement. Flannery is currently president and CEO of GE Healthcare.

  • GE's Jeff Immelt stepping down

    Jeffrey Immelt, General Electric CEO is leaving but will remain as chairman until the end of 2017. Immelt will be replaced by John Flannery.

  • *White House pushes back against criticism. Citing the need to stay engaged with the administration, business leaders said they would remain in their advisory roles to continue working to influence White House policies. Tesla Inc Chief Executive Officer Elon Musk and Walt Disney Co CEO Robert Iger reacted by leaving White House advisory councils after...

  • *White House pushes back against criticism. Citing the need to stay engaged with the administration, business leaders said they would remain in their advisory roles to continue working to influence White House policies. Tesla Inc Chief Executive Officer Elon Musk and Walt Disney Co CEO Robert Iger reacted by leaving White House advisory councils after...

  • *Global dismay at Trump's pullout of U.S. from Paris accord. BERLIN/ BRUSSELS, June 2- China and Europe pledged on Friday to unite to save what German Chancellor Angela Merkel called "our Mother Earth", standing firmly against President Donald Trump's decision to take the United States out of the Paris climate change pact. Russian President Vladimir Putin said that...

  • *White House pushes back against criticism. Citing the need to stay engaged with the administration, business leaders said they would remain in their advisory roles to continue working to influence White House policies. Tesla Inc Chief Executive Officer Elon Musk and Walt Disney Co CEO Robert Iger reacted by leaving White House advisory councils after...

  • *Global dismay at Trump's pullout of U.S. from Paris accord. BERLIN/ BRUSSELS, June 2- China and Europe pledged on Friday to unite to save what German Chancellor Angela Merkel called "our Mother Earth", standing firmly against President Donald Trump's decision to take the United States out of the Paris climate change pact. Other countries, including India, signalled...

  • *White House pushes back against criticism. Citing the need to stay engaged with the administration, business leaders said they would remain in their advisory roles to continue working to influence White House policies. Tesla Inc Chief Executive Officer Elon Musk and Walt Disney Co CEO Robert Iger reacted by leaving White House advisory councils after...

  • *Global dismay at Trump's pullout of U.S. from Paris accord. *China and EU agree to join forces against global warming. BERLIN/ BRUSSELS, June 2- China and Europe pledged on Friday to unite to save what German Chancellor Angela Merkel called "our Mother Earth", standing firmly against President Donald Trump's decision to take the United States out of the Paris climate...

  • *Global dismay at Trump's pullout of U.S. from Paris accord. *China and EU agree to join forces against global warming. BERLIN/ BRUSSELS, June 2- China and Europe pledged on Friday to unite to save what German Chancellor Angela Merkel called "our Mother Earth", standing firmly against President Donald Trump's decision to take the United States out of the Paris climate...

  • *Global dismay at Trump's pullout of U.S. from Paris accord. BERLIN/ BRUSSELS, June 2- China and Europe pledged on Friday to unite to save "Mother Earth" in the face of U.S. President Donald's Trump's decision to take the world's largest carbon polluter out of the Paris climate change pact.

  • President Donald Trump said on Thursday withdrawing the country from the Paris climate accord would stave off an economic crisis and protect American jobs- but many American companies seemed to disagree. The American Petroleum Institute, the oil and gas industry's biggest trade group, meanwhile, issued a statement saying it had never taken an official...