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.
Ted Chung, chief executive officer of South Korea’s biggest consumer finance company, was on a business trip in Copenhagen in April 2011 when his deputy called in a panic. Hackers had broken into computer servers at Hyundai Capital Services Inc., stealing customers’ personal information. Stunned, Chung hopped the Hyundai jet back to Seoul.
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.
General Electric Co. projects revenue in regions such as Latin America will rise as much as 25 percent a year through 2016, outpacing growth of as much as 15 percent in Asian countries including China.
General Electric Co. plans to invest in Turkey again after selling 18.6 percent stake at Turkish lender Turkiye Garanti Bankasi AS for $3.78 billion, Hurriyet said, citing GE’s vice chairman John Rice .
More than a century after General Electric Co. built its first research laboratory in an upstate New York barn, it’s wooing Silicon Valley engineers in a bid to connect machines the way Facebook Inc. links people.