GE Chairman Jeff Immelt warns Washington against diving over the "fiscal cliff," telling CNBC on Wednesday that the issue was a needless “distraction” at the wrong time.
GE CEO, Jeffrey Immelt, discusses general global trends, adding "the economic recovery will be volatile," He explains why he believes natural gas is going to be a long term trend. Also, Immelt and Warren Buffett, weigh in on the fiscal cliff and its impact on the economy.
General Electric reported strong profit growth in the third quarter, but revenue was below expectations and investors were concerned about the company's tepid growth forecast for 2013..
Jack Degan, Harbor Advisory CIO, discusses the outlook for GE, and breaks down the company's third quarter numbers of $0.36 EPS, on revenues of $36.3 billion; short of estimates.
NEW YORK-- General Electric Co.' s transformation into a more simple industrial company seems to be helping its bottom line. GE's net income rose 49 percent in the third quarter to $3.49 billion, or 33 cents per share. During the financial crisis, investors worried that its enormous banking arm, GE Capital, would fail.
General Electric and Military Families at Syracuse University are developing a reference guide that employers can use to help them more effectively recruit and mentor veterans.
*White House slams Welch tweet as "ludicrous". BOSTON/ WASHINGTON, Oct 5- Jack Welch, the lionized former chairman of General Electric Co, provoked cries of outrage in Washington on Friday when he appeared to accuse the White House of manipulating September job figures for political gains.
Relative to the S&P 500, General Electric should give investors 'at least' double the return over the next two years, Jack De Gan, Harbor Advisory CIO told CNBC Friday.
"Veterans have led in the field; they can lead in a factory or research facility. Veterans believe in getting the job done and doing it in the right way," writes GE Chairman and CEO Jeff Immelt.
A group of corporate and labor leaders advising President Obama is calling for sweeping policy changes, from liberalized immigration and less restrictive regulations to a more business friendly tax system and greater infrastructure spending.
Jeffrey Immelt, General Electric chairman/CEO called for a national urgency on jobs during his interview on CBS "60 Minutes" last night. Discussing whether part of the employment problem could be that teenagers are avoiding getting the skills needed for blue collar jobs, with David Roberts, Carlisle Companies CEO.
To get its confidence back, America needs less regulation and more innovation even if that means some failed ventures using taxpayer money, General Electric Chairman Jeff Immelt told CNBC Thursday.
Changing regulations are a massive impediment towards American corporate competitiveness, says blogger Yoshikami.
The jobs picture has become so tough that some j0bs that used to get shipped overseas can now come back to the U.S., said GE CEO Jeff Immelt.
President Barack Obama will nominate businessman John Bryson to lead the Commerce Department, a White House official said Tuesday.
The Robin Hood Foundation wants to raise $40 million to help homeless veterans in New York City at its annual gala tonight, Executive Director David Saltzman told CNBC Monday.
Citi hosts shareholders following Pandit's first profitable year, while closing arguments continue in the trial of Raj Rajaratnam. But, with the holiday-shortened week, the pupu platter of earnings is the story Thursday. Here's what we're watching…
General Electric, the nation’s largest corporation, had a very good year in 2010. The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States. Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.
Immelt has been appointed to the new Council on Jobs and Competitiveness, which replaces the disbanded Paul Volcker Economic Recovery Advisory Board. Immelt was a member of that original board. Now he has a more elevated position in the Obama 2.0, allegedly pro-business, move-to-the-center Clintonesque White House.
"I am a huge bull on this country. We are not going to have a double-dip recession at all," said Buffett, chairman of Berkshire Hathaway. "I see our businesses coming back across the board."