General Electric News
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52 min ago | Bloomberg
The European Union spoiled General Electric Co. Chief Executive Officer Jack Welch's retirement when it nixed his $53 billion plan to buy Honeywell International Inc. Thirteen years later, his successor Jeffrey Immelt's legacy may be defined by his ability to prevent history from repeating itself as he seeks to acquire Alstom SA.
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7 hrs ago | Wall Street Journal
General Electric Co. on Wednesday named John J. Brennan, a former chairman of mutual fund Vanguard Group, as lead independent director on the company's board, a signal the company is carefully considering investor interests.
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General Electric Co is in talks to buy French turbine and train maker Alstom SA for about $13 billion, Bloomberg reported, citing people with knowledge of the matter.
General Electric is in talks to buy Alstom SA, the French builder of trains and power plants, people with knowledge of the matter said.
ObamaCare is Hurting Business, General Electric Says National Center for Public Policy Research Quizzed GE CEO Jeffrey Immelt at Company Shareholder Meeting Today Immelt Says There is "A Lot of Uncertainty in Health Care"; Company CFO Blames Downturn in Company's Health Care Division Directly on ObamaCare National Center Also Asked GE to Institute ... (more)
The service contract will enable the staff of EDF EN Services, EDF Energies Nouvelles' subsidiary dedicated to the operation and maintenance in Europe, to acquire the skills necessary to maintain and troubleshoot converters with support from GE engineers over the phone-or on-site for complex problems.
Rumors have it that GE's 20 year tenure plan may be scrapped and Immelt will step down sooner than expected.
U.S. stocks advanced modestly on Monday in subdued trading as investors showed hesitation in the wake of a strong rally last week and before a slew of key earnings releases this week.
's stock had its "neutral" rating reaffirmed by Zacks in a research report issued on Monday, Stock Ratings Network.com reports.
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Stocks ended a holiday-shortened week with mostly modest gains on Thursday, though the S&P 500 notched its biggest weekly advance since July as Morgan Stanley and General Electric rallied after strong results.