Tax credits for the production of wind power and other renewable energy sources face expiration at year’s end amid few signs Congress will decide to continue them, tax lobbyists and other analysts say.
General Electric Co.’s decision to hand control of the rapidly growing oil and gas division to Lorenzo Simonelli is fueling speculation that its youngest top executive is a leading candidate to someday run the company.
General Electric Co. agreed to buy Lineage Power Holdings Inc . for $520 million to tap demand for electricity management from a surge in mobile computing, gaining customers from Verizon Wireless to Hewlett-Packard Co.
General Electric Co. expects its energy unit’s sales in China will climb by at least 25 percent annually as the most populous nation adopts more fuel-efficient technology, Chief Executive Officer Jeffrey Immelt said.
General Electric Co.’s agreement today to buy Wellstream Holdings Plc brings its acquisitions of natural gas- and oil-exploration equipment makers to $4.3 billion in the past two months as Chief Executive Officer Jeffrey Immelt taps emerging market growth and energy demand.
Bank of America Corp., JPMorgan Chase & Co. and three other banks agreed to pay $25 million to New York to resolve some monetary claims over the use of a mortgage database after reaching a $25 billion national settlement over foreclosure practices.