Immelt

Wall Street to Obama: The Love Affair Is Over

orporate profits are booming again but President Obama's popularity is sinking fast, even among his former supporters on Wall Street and in big business. The shift in sentiment could have an impact on the markets.

GE Backs Away From CEO Comments Criticizing Obama

General Electric Co. (GE) backtracked from comments reportedly made by CEO Jeffrey Immelt in which he criticized President Barack Obama and Chinese trade policy. In an article in the Financial Times, Immelt was reported as saying that Obama and U.S. business had a hostile relationship.