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On the economic data front, the New York Federal Reserve's Empire State index of manufacturing activity for April fell to 1.3 from 5.61 in March, versus expectations of a rise to 8.0...Separately, the consumer-price index for March rose 0.2% on the
Kate Linebaugh April 15,2014 Jeff Immelt may give up leadership of General Electric Co. sooner than his expected 20-year tenure, as he and fellow directors re-evaluate the right term for its chief executive, people familiar with GE's thinking said.
Forbes' Releases 2014 List Of Most Punchable CEOs Larry Ellison of Oracle was named the CEO most deserving of a swift punch to the throat. Forbes magazine published Thursday its annual list of the world's 100 Most Punchable CEOs. Based on criteria
ET In a matter of weeks, General Electric Co.'s Russia business has gone from holding promise to a holding pattern. In February, GE board members toured the Kremlin on their way to the Olympics in Sochi. And earlier this month, Chief Executive
Nelson Peltz to address a gathering of its senior executives last summer, the company said Monday, an unusual engagement between an establishment company and a corporate agitator. The speaking event which was attended by GE Chief Executive Jeffrey
Reasons General Electric Company Wants to Act Like a Start-Up In the world of manufacturing, General Electric has a lot going for it. The industrial giant boasts nearly $90 billion in cash with which to go " elephant hunting ," a footprint in 24
General Electric CEO Jeffrey Immelt's compensation fell 7 percent last year to $19.2 million primarily because of a change in the way that the company pays some of its bonuses. General Electric Co. paid Immelt a lump sum of $12.1 million in 2012 as
According to a Securities and Exchange Commission filing Tuesday, he just spent his entire 2013 bonus, about $2.6 million, on 104,900 shares of GE stock, scooping them up at $25.19 apiece. The move follows Immelt's purchase of 40,000 shares of GE in
Last year, when I shared my five secrets for uncovering wealth-building tech stocks, I also told you about a sixth "rule" you can use to find the big-time profit opportunities that are flying under Wall Street's radar screen. I refer to these as "
In Jack Welch's final decade at the helm of General Electric Co., the conglomerate's valuation based on forward earnings was a third higher on average than that of the U.S. manufacturing sector. Current chief Jeffrey Immelt's tenure, which began a