Seth Martin News
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General Electric Co. is considering spinning off parts of its finance unit through an initial public offering as Chief Executive Officer Jeffrey Immelt works to shrink the business.
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China XD Group, a state-controlled power equipment maker, is in talks to buy General Electric Co.’s joint venture with Mexico’s Xignux SA for as much as $1 billion, said three people with knowledge of the matter.
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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. must allow shareholders to vote on a proposal that would limit the terms of two of its longest-serving board members, the Securities and Exchange Commission has ruled.
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General Electric Co.’s new incentive pay plan gives Chief Executive Officer Jeffrey Immelt motive to tap $16.7 billion from last month’s sale of the rest of NBC to fund industrial acquisitions.
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Lawmakers are starting to see the outlines of a bipartisan agreement on how to tax the income that U.S.-based corporations earn outside the country.
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Barclays Plc said it hired Marco Oviedo as its chief economist for Mexico.
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No sooner had the 2012 election ended than Northrop Grumman Corp. and CSX Corp. set their sights on the looming budget cuts and the 2014 campaign.
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The political action committee of Boeing Co. last year donated $3,000 to then-Representative Larry Kissell’s bid for re-election. Thirteen days after the North Carolina Democrat lost, the PAC cut a $1,000 check to Richard Hudson, the Republican who ousted him.
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General Electric Co. is refinancing $5 billion of debt even as it expects to generate $100 billion of cash in the next four years, showing confidence in its ability to invest at returns four times its borrowing costs.
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