×

Industrial Conglomerates Jeffrey Immelt

  • ZURICH/ LAS VEGAS, Dec 7- General Electric Co said Thursday it is axing 12,000 jobs at its global power business, the struggling industrial conglomerate's latest effort to shrink itself into a more focused company. The announcement cast a spotlight on GE's decision to spend 9.7 billion euros on the energy business of France's Alstom. Rumors of sweeping job cuts...

  • ZURICH, Dec 7- General Electric Co said Thursday it is axing 12,000 jobs at its global power business, the struggling industrial conglomerate's latest effort to shrink itself into a more focused company. Rumors of sweeping job cuts were confirmed by labour union sources on Wednesday, with staff in Switzerland, Germany and Britain among those badly hit.

  • Rumors of sweeping job cuts were confirmed by labour union sources on Wednesday, with staff in Switzerland and Germany among those badly hit. "This decision was painful but necessary for GE Power to respond to the disruption in the power market, which is driving significantly lower volumes in products and services," said Russell Stokes, head of GE Power.

  • Jeff Immelt: I always put the company first

    Former General Electric CEO Jeff Immelt speaks at Axios' "Smarter Faster Revolution" about his time at General Electric and being in the running for the top job at Uber.

  • Jeff Immelt

    Former General Electric CEO Jeff Immelt speaks at Axios' "Smarter Faster Revolution" about his time at General Electric and what he sees for it going forward.

  • General Electric CEO Jeffrey Immelt

    Former CEO of General Electric Jeff Immelt will speak with Axios on Thursday at the "Smarter Faster Revolution" event.

  • John Flannery, GE

    "I've been quite clear where we have underperformed and about how to fix that," General Electric's CEO tells CNBC.

  • *Cuts quarterly dividend in half to 12 cents/ share. Nov 13- General Electric Co's new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company's shares to a five-year low. Flannery's plan to shrink GE's multi-industry array...

  • *Cuts quarterly dividend in half to 12 cents/ share. Nov 13- General Electric Co's new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company's shares to a five-year low. Flannery's plan to shrink GE's multi-industry array...

  • *Cuts quarterly dividend in half to 12 cents/ share. Nov 13- General Electric Co's new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company's shares to a five-year low. Flannery's plan to shrink GE's multi-industry array...

  • *Cuts quarterly dividend in half to 12 cents/ share. "They need to cut more cost," said Scott Davis, an analyst at Melius Research. GE stock has effectively been dead money since September 2001, when recently retired Chief Executive Jeff Immelt took over, posting a negative total return even after reinvesting its juicy dividends.

  • *Cuts quarterly dividend in half to 12 cents/ share. GE shares fell 6 percent to $19.22, its lowest in more than five years, valuing the entire company at about $168 billion, as investors worried that plans for a years-long transformation did not show how the slimmed-down company would generate cash to justify its stock valuation. GE stock has effectively been dead...

  • *Cuts quarterly dividend in half to 12 cents/ share. The 125- year-old company cut its dividend and profit outlook in half as it begins the transition, in a widely expected plan unveiled on Monday by new Chief Executive John Flannery in New York. GE stock has effectively been dead money since September 2001, when recently retired Chief Executive Jeff Immelt took...

  • *Cuts quarterly dividend in half to 12 cents/ share. The 125- year-old company cut its dividend and profit outlook in half as it goes through the transition, in a widely expected plan unveiled on Monday by new Chief Executive John Flannery in New York. Since September 2001, when recently retired Chief Executive Jeff Immelt took over, GE stock has effectively been...

  • *Cuts quarterly dividend to 12 cents per share from 24 cents. In a plan unveiled on Monday by new Chief Executive John Flannery, GE cut its dividend and profit outlook in half, sending its stock down 2.7 percent, as Wall Street worried about how the slimmed down company will generate cash to justify its valuation. GE forecast adjusted 2018 industrial free cash flow...

  • *Cuts quarterly dividend to 12 cents per share from 24 cents. Nov 13- General Electric Co chopped its quarterly dividend in half on Monday, new Chief Executive John Flannery's first move in an overhaul of the conglomerate he is due to announce later in the day. GE cut the dividend to 12 cents per share from 24 cents starting in December, which is expected to save the...

  • *Cuts qtrly dividend to 12 cents per share from 24 cents. Nov 13- General Electric Co said on Monday it would chop its quarterly dividend in half, as part of an overhaul of the company that new Chief Executive John Flannery is due to roll out later in the day. GE said it would cut the dividend to 12 cents per share from 24 cents, starting in December.

  • NEW YORK, Nov 10- General Electric Co is laying off sales staff and other employees in its software division, according to people familiar with the matter, ahead of new Chief Executive John Flannery's expected announcement on Monday of a plan to slash costs and jettison units in an effort to improve the company's profits. The layoffs at GE Digital, based in San...

  • GE set to hold investor day

    Ahead of General Electric's investor day, Jeff Sprague, Vertical Research Partners founder, discusses what GE should do with its dividend and what a breakup of the conglomerate could look like.

  • NEW YORK, Nov 10- General Electric Co is laying off sales staff and other employees in its software division, according to people familiar with the matter, ahead of new Chief Executive John Flannery's expected announcement on Monday of a plan to slash costs and jettison units in an effort to improve the company's profits. The layoffs at GE Digital, based in San...