GE Profit Rises on Higher Jet-Engine Sales, Sale of NBC
GE reported a first-quarter profit in line with Wall Street's expectations on Friday, as the conglomerate sold more jet engines and shed its stake in NBC Universal.
Jeff Immelt
U.S. CEOs Wary of Hiring, Despite Improving Economy
U.S. CEOs' confidence in the economy rebounded in the first quarter, but they remained leery of taking on new workers at home, citing inaction in Washington.
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 dogfights, such battle lines are drawn between states as well. Witness the just-completed competition between blue state Boeing and red state Airbus.
Obama's Competitiveness Council: Good for Business, Bad for Workers
If we measure competitiveness by profits and cash balances, domestic companies have never been stronger. Unfortunately, that competitiveness has come out of the hides of the country's workers -- nearly 15 million of whom are out of work.
GE Releases Optimistic Guidance for 2011
Helped by the expansion of its industrial business, General Electric expect to boost its revenue in fiscal 2011, CEO Jeff Immelt said in a presentation to investors Tuesday.
General Electric to Invest $2 Billion in China
The conglomerate said Tuesday that it plans to invest more than $2 billion in China through 2012 in research and development, technology and financial services partnerships. The move marks GE's "confidence in China's long-term economic prospects."
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?
