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.
Berkshire Hathaway Inc.’s $3 billion bet on General Electric Co. during the 2008 financial crisis is proving less profitable than similar wagers by Chairman Warren Buffett on Goldman Sachs Group Inc. and Bank of America Corp.
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.
SPX Corp., which ended talks to buy equipment maker Gardner Denver Inc. last year, is poised to become a target itself after activist Relational Investors LLC urged it to shed assets and focus on industrial pumps.
Invensys Plc, the engineering company whose takeover discussions with Emerson Electric Co. broke down last year, is becoming more palatable for acquirers after shedding its railroad division and reducing pension liabilities.
3M Co., the manufacturer whose new chief executive officer has said he’s considering larger deals, agreed to buy Ceradyne Inc. for $860 million to expand into ceramics used in energy, aerospace and defense industries.
Embraer SA is betting on a rising U.S. economy to draw wealthy buyers to its latest business jets even as cost-conscious companies cut private air travel and some owners including former billionaire Eike Batista are forced to unload their planes.