General Electric Co. will finish shrinking its finance business by 2015 after spinning off the North American consumer lending unit, capping Chief Executive Officer Jeffrey Immelt’s effort to reduce credit risks.
U.S. stocks rose to records, with benchmark gauges capping a sixth week of gains, as investors assessed data on factory output amid growing speculation the Federal Reserve will maintain the pace of its monthly stimulus.
As a Francis Bacon triptych sold for $142.4 million at a New York auction last night, the city popped with fundraising, retail excursions, Harvey Weinstein film showcases, and a heavyweight boxer in the ring at the New York Public Library.
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.
General Electric Co., buoyed by demand for jet engines and locomotives, assured investors that its industrial business is poised to meet a goal for profit- margin growth and saw its shares climb to a five-year high.
General Electric Co. , whose equipment generates about one-third of the world’s power, expects energy and health care to drive revenue in India to a $10 billion goal in five years, Chief Executive Officer Jeffrey Immelt said.
Google Inc. is moving its Washington office closer to Capitol Hill after spending $18.2 million on lobbying, more than Northrop Grumman Corp. and enough to rank the technology company as the eighth-biggest advocacy spender.
The U.S. government must reduce business regulation to spur job growth, said Jeffrey Immelt, chief executive officer of General Electric Co. and head of President Barack Obama’s Council on Jobs and Competitiveness.