Global venture capital firm New Enterprise Associates, Inc. (NEA) announced that Jeff Immelt has joined the firm as Venture Partner. Immelt, who recently retired from his role as Chairman and CEO of GE after 16 years at the helm of the 125-year-old...
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February 02, 2018, 07:25 AM
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GE announced that John Flannery, current President and CEO of GE Healthcare, has been named CEO of the company by the GE Board of Directors effective August 1, 2017 and Chairman and CEO effective January 1, 2018. Jeff Immelt, Chairman and CEO, will...
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June 12, 2017, 07:15 AM
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GE announced that Richard A. Laxer, GE Capital International president and CEO, will lead GE Capital effective September 1, 2016 as President and CEO. Keith S. Sherin, GE vice chairman and GE Capital chairman and CEO, will retire from GE effective...
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August 31, 2016, 07:15 AM
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GE and State Street Corporation announced an agreement for State Street to acquire GE Asset Management (GEAM), GE’s investment management arm, for up to $485 million, subject to adjustments. This announcement follows GE’s previous announcement in...
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March 31, 2016, 07:25 AM
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GE announced that it has selected Boston for its corporate headquarters location.“GE aspires to be the most competitive company in the world,” said GE Chairman and CEO Jeff Immelt. “Today, GE is a $130 billion high-tech global industrial company, one...
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January 14, 2016, 07:15 AM
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Trian Fund Management, L.P. disclosed that it has become a top ten shareholder of GE with a beneficial ownership of 98.5 million GE shares currently valued at approximately $2.5 billion. GE is now Trian’s largest investment.Trian Principals Nelson...
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October 05, 2015, 07:50 AM
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Bloomberg reported General Electric Co. is getting more bullish about profit prospects from industrial operations as Chief Executive Officer Jeffrey Immelt accelerates efforts to shrink the GE Capital finance unit.According to the Bloomberg report...
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July 17, 2015, 07:11 AM
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Bloomberg reported General Electric has put virtually all of its U.S. commercial loan businesses on the market after hiring banks to unload $20 billion of assets in its health-care, railcar and franchise finance divisions, according to people with...
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June 04, 2015, 07:16 AM
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Bloomberg reported General Electric is running ahead of schedule on its plan to shed the bulk of its lending unit, with about $100 billion of assets to be unloaded this year.The Bloomberg report notes Chief Executive Officer Jeffrey Immelt stated he...
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May 21, 2015, 07:10 AM
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GE today announced that it will create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial...
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April 10, 2015, 07:07 AM
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GE announced today second-quarter 2014 operating earnings of $3.9 billion, with operating earnings per share of $0.39, up 8% from the second quarter of 2013. GAAP earnings from continuing operations were $3.6 billion, with earnings per share of $0.35...
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July 18, 2014, 07:02 AM
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GE announced today fourth-quarter 2013 operating earnings of $5.4 billion, with earnings per share of $0.53, up 20% from the fourth quarter of 2012. GAAP earnings from continuing operations were $5.0 billion, with earnings per share of $0.49, up 20%....
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January 17, 2014, 07:00 AM
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GE announced today third-quarter 2013 operating earnings of $3.7 billion, or $0.36 per share, down 3% and flat respectively from the third quarter of 2012. Excluding restructuring and other charges, operating EPS was $0.40. GAAP earnings from...
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October 18, 2013, 07:00 AM
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Chairman and CEO Jeff Immelt announced the appointment of Keith Sherin as chairman and CEO of GE Capital, succeeding Mike Neal, who is retiring. Immelt also announced that GE Capital CFO Jeff Bornstein will succeed Sherin as CFO of GE. The...
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June 13, 2013, 06:45 AM
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Bloomberg Businessweek said that according to a Wall Street Journal report, General Electric is evaluating successors to Michael Neal, who may step down as chief executive officer and chairman of GE Capital as soon as this summer. The management...
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May 30, 2013, 07:15 AM
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Bloomberg reported General Electric is considering spinning off parts of its finance unit through an initial public offering. According to Bloomberg, while speaking at the Electrical Products Group Conference in Longboat Floriday yesterday, Immelt...
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May 23, 2013, 07:11 AM
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GE announced today that the Board of Directors of GE Capital Corporation (GECC) had approved plans for GECC to pay $6.5 billion in dividends in 2013 to GE. Earnings-dividend payments, which are subject to GECC Board and GE Board Risk Committee...
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May 20, 2013, 07:15 AM
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GE announced today first-quarter 2013 operating earnings of $4.1 billion, up 14% from the first quarter of 2012. GAAP earnings from continuing operations were $3.6 billion, up 13%. Revenues were $35.0 billion for the quarter, flat with the year-ago...
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April 19, 2013, 07:06 AM
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On an item posted to the Fox Business news website, The Wall Street Journal reported that General Electric Co. (GE) Chairman and Chief Executive Jeff Immelt said Tuesday that the company may consider spinning off GE Capital to simplify its structure...
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March 20, 2013, 07:27 AM
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GE announced the sale of its remaining 49% common equity interest in its joint venture with Comcast, which includes NBCUniversal (NBCU), as well as the NBCU floors in 30 Rockefeller Center, for $18.1 billion. Under the terms of the transaction, GE...
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February 13, 2013, 07:15 AM
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GE announced today fourth-quarter 2012 operating earnings of $4.7 billion, up 13% from the fourth quarter of 2011. GAAP earnings from continuing operations were $4.3 billion, up 9%. Revenues were $39.3 billion for the quarter, up 4%, and $147.4...
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January 18, 2013, 07:31 AM
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GE announced today third-quarter 2012 Operating Earnings of $3.8 billion, or $0.36 per share, up 10% and 50% respectively from the third quarter of 2011. Excluding the effects of the third-quarter 2011 preferred stock redemption, operating earnings...
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October 19, 2012, 07:30 AM
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GE announced today second-quarter 2012 Operating Earnings of $4.0 billion, up 7% from the second-quarter of 2011. GAAP earnings from continuing operations (attributable to GE) were $3.7 billion, up 2%. Revenues were $36.5 billion for the quarter, up...
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July 20, 2012, 07:44 AM
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Reuters reported General Electric plans to continue shrinking its finance arm, pulling back from consumer finance and reducing its real estate holdings. According to the report, the company also expects GE Capital’s profit growth to be at a...
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May 24, 2012, 08:00 AM
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GE announced today that the Board of Directors of GE Capital Corporation (GECC) has declared a quarterly dividend of $475 million payable to its parent GE in the second quarter 2012. 2012 dividend payments, which are subject to GECC Board approval...
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May 16, 2012, 07:45 AM
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GE announced today first-quarter 2012 Operating Earnings of $3.6 billion, up 1% from the first-quarter of 2011. Operating EPS was up 17% excluding one-time items. GAAP earnings from continuing operations (attributable to GE) were $3.3 billion, down...
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April 20, 2012, 08:15 AM
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In his annual letter to shareowners, Jeff Immelt, Chief Executive Office of GE said, “GE Capital has strengthened its balance sheet immensely,” adding, “Our Capital team has executed on every commitment it made during the financial crisis. We have...
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March 12, 2012, 07:30 AM
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