Investors

Immelt at EPG conf.: ‘Environment is getting better’

GE Chairman and CEO Jeff Immelt today addressed the 2010 Electrical Products Group (EPG) Conference in Long Boat Key, Florida, giving the investor audience a mid-year review of GE’s strategy and growth plans. “GE’s environment is getting better but we’re cautious because of the volatility that’s out there,” Jeff said. [...]

A focus on Houston as GE’s annual meeting kicks off

GE’s 2010 annual shareholders meeting is getting underway this morning at 11 a.m. ET in Houston, Texas, which is home to an array of GE’s energy businesses. The theme of the meeting is “Renewal,” and it’s an opportunity for Chairman and CEO Jeff Immelt to underscore that the business environment [...]

Twenty thousand patents this decade, and counting…

Making GE an “industrial company first” and pushing our competitive advantage in technology — they’re key themes at GE in 2010 and ones that take center stage in a new letter to shareholders in this year’s Annual Report. “In 2010, we will spend about 5 percent of our industrial revenue [...]

Setting the record straight on GE portfolio actions

In next week’s edition of Forbes (now online), a story entitled, “Is GE Having a Yard Sale? Forget Growth – General Electric’s Jeff Immelt is on a Mission to Raise Cash Now,” presents a misleading impression of GE business strategy in general and of past and purported asset sales in [...]

GE reports third quarter 2009 earnings

Today, GE reported third quarter 2009 earnings from continuing operations (attributable to GE) of $2.5 billion, or $0.22 per share, including the effect of $0.05 in restructuring and other charges, down 51% from the third quarter of 2008. Industrial segment profit grew 4% in the quarter [...]

Key congressman: No need to split banking, commerce

In our story yesterday recapping GE Capital’s latest business update for investors and analysts, one of the topics raised was newly proposed financial regulations – especially one proposal that might force the separation of GE Capital from GE. Here is an update on discussions in Washington, D.C., regarding financial regulation [...]

Recapping GE Capital’s business update

Back in March, GE Capital provided an unprecedented deep-dive into its business for investors and analysts in a 5 ½ hour, 174-slide marathon meeting. This morning, GE Capital Chairman and CEO Mike Neal kicked off the latest update, saying “There’s good news — unlike the 19th of March, we’ll only [...]