General Electric Co., locked in a tussle with Siemens AG to acquire Alstom SA’s energy business, won’t seek a partner to counter the German company’s planned joint bid with Mitsubishi Heavy Industries Ltd.
General Electric Co. said it’s flexible on the terms of its $17 billion bid for Alstom SA’s energy business, signaling a willingness to make more concessions in negotiations with the French government.
General Electric Co . named Vice Chairman John Rice to oversee a new international business structure as Chief Executive Officer Jeffrey Immelt signals the importance of faster-growing overseas markets.
General Electric Co. Vice Chairman John Rice said he expects governments worldwide to become more activist and increase regulation because they fear discontent from populations who believe free markets have failed them.
General Electric Co. says Australia will eventually adopt an emissions-trading system even as the government seeks to repeal a carbon-price mechanism imposed on the A$1.5 trillion economy by a previous administration.
General Electric Co., the largest maker of power-generation equipment, expects sales in emerging markets such as those in Latin America and Asia to grow in the “low double-digits” even as growth in Europe stalls.