General Electric Co. boosted Chief Executive Officer Jeffrey Immelt’s base salary by 6 percent last year, his first raise since 2005, after he nursed the company back to health following the 2008-09 financial crisis.
RadioShack Corp., the electronics retailer trying to shake its reputation as a relic, tumbled the most in more than four months after sales missed estimates and the chain announced plans to close about a fifth of its stores.
Mubadala Development Co., owned by the government of Abu Dhabi, received bids from GDF Suez and a unit of Veolia Environnement SA to buy cooling operations in the emirate, according to two people familiar with the matter.
JPMorgan Chase & Co. and General Electric Co.’s finance arm had their smallest Samurai-bond sales in more than nine years as a global stock rout damped investor demand for debt that offered investors record-low yields.
Commercial Aircraft Corp. of China has received inquiries from potential foreign buyers for its in- development C919 model, the nation’s first large passenger plane, as it seeks to break Boeing Co. and Airbus Group NV’s stranglehold on the global aircraft market.
General Electric Co.’s private- equity investment arm plans to explore the sale of about $1 billion in fund stakes as it seeks to comply with rules limiting risk-taking by banks, according to three people with knowledge of the matter.