Jeff Immelt

It's All-Out War in the Aircraft Industry

Aerospace is an intensely nationalist business. But not only do aircraft makers get tied up in international political battles, such battle lines are drawn between states as well. Witness the just-completed competition between blue state Boeing and red state Airbus.

General Electric to Invest $2 Billion in China

General Electric, the global conglomerate whose businesses include consumer and business financing, power generation, household appliances, aircraft engines, medical imaging and media content, said it plans to invest more than $2 billion in China through 2012 in research and development, technology and financial services partnerships.

Will Jeff Immelt Be Larry Summers' Replacement?

In theory, the role of the director of the White House National Economic Council is to present the president with an unbiased range of economic opinions. Larry Summers didn't do that -- he promoted his own views instead. But what will his successor do -- and will it make any difference?