Jeffrey Immelt News
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General Electric Co. Chief Executive Officer Jeffrey Immelt tried to sell off the company’s appliance and lighting businesses in 2008, only to have the effort derailed by the financial crisis. Now Chip Blankenship has the job of proving the division was worth keeping.
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General Electric Co. agreed to pay $40 million to settle shareholder claims that the company misled them about the quality of its loan portfolio beginning in September 2008.
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General Electric Co. kept its corporate governance system intact as investor proposals to limit the terms of directors and split the roles of chairman and chief executive officer were rejected during the manufacturer’s general meeting in New Orleans.
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General Electric Co. fell the most since 2011 after a first-quarter slide in its Power & Water business pulled total industrial earnings down 11 percent.
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Dartmouth College, stung by campus divisions that exploded in recent weeks, strove to repair its image as accepted students decide whether to attend.
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Dartmouth College canceled all arts and science classes today after some students were targeted by online threats after a protest against homophobia, sexual assault and racism disrupted an on-campus event.
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General Electric Co. is tapping proceeds from the sale of NBC to fund its $3.3 billion purchase of Lufkin Industries Inc. as Chief Executive Officer Jeffrey Immelt takes advantage of an oil-drilling boom.
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Weil Gotshal & Manges LLP advised General Electric Co. on its proposed purchase of Lufkin Industries Inc. for about $3.3 billion. Lufkin’s legal adviser was Bracewell & Giuliani LLP.
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General Electric Co. plans to cut 950 jobs at a Pennsylvania locomotive plant, wiping out most of the site’s recent employment growth, as it shifts some production to a lower-cost factory in Texas.
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Jeffrey Immelt, saying he holds few regrets after leading General Electric Co. in 10 years bracketed by terrorism and a nuclear meltdown, predicts a payoff through 2013 as reinvigorated industrial units expand globally.
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