Search Results for Jeff Immelt (Corporate Dealmaker)

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GE Healthcare investments yet to pay off (from Corporate Dealmaker)

The focus following General Electric Co.'s (NYSE:GE) third-quarter earnings release Friday has been on the conglomerate's finance and media holdings. Profit at GE Capital was off 87%, and the company is considering options for NBC Universal, including a possible spinoff. Getting less attention is GE Healthcare, which reported a 20%...

Posted on October 16, 2009 2:58 PM

GE, Mubadala ink $8B finance JV (from Corporate Dealmaker)

General Electric Co. (NYSE:GE) and Mubadala Development Co. inked a deal for a commercial finance joint venture and nominated Ron Herman, who worked on private equity and mergers and acquisitions at GE Capital, to lead it. Most recently, the 25-year GE vet was CEO of GE Equity."When it is...

Posted on June 1, 2009 3:14 PM

GE increases bet on hybrid vehicles (from Corporate Dealmaker)

General Electric Co. (NYSE:GE) announced plans Tuesday to build a $100 million advanced storage battery manufacturing facility in Albany, N.Y. The factory, which will employ about 350, will be part of GE Transportation and will provide long-lasting batteries to help power hybrid locomotives, boats, mining equipment and other commercial vehicles....

Posted on May 12, 2009 3:40 PM

P&G's Lafley gets a Gillette bonus, too (from Corporate Dealmaker)

The board at Procter & Gamble Co. is definitely pleased with how P&G's 2005 purchase of Gillette for $54 billion is turning out. A Wednesday report in the Dayton Business Journal, citing SEC filings, says the board is awarding CEO A.G. Lafley (pictured) a $3.5 million bonus for his work...

Posted on February 18, 2009 10:31 AM

Haier reportedly cools on GE appliance unit bid (from Corporate Dealmaker)

Not that we need more proof that it's a tough M&A market in which to be a seller, but the International Herald Tribune reported on Thursday that Qindao Haier Ltd. has decided to hold off on a bid for General Electric Co.'s appliance division. The paper quoted a source as...

Posted on October 23, 2008 1:26 PM

Enjoying the Olympics? Not as much as Jeff Immelt (from Corporate Dealmaker)

There's all kinds of excitement in Beijing this month. We're seeing records that won't be equaled for a long time--in swimming, in track and field, and maybe in corporate synergy as well. An obvious winner is General Electric Co.'s NBC Universal unit, which paid $894 million for U.S. television rights...

Posted on August 18, 2008 12:53 PM

Why sell NBC Universal when it's so synergistic in China? (from Corporate Dealmaker)

How much the disparate businesses of General Electric Co. really support each other is a long-running discussion. Lately there's been some investor sentiment that the conglomerate should sell off its NBC Universal media unit. But as related in a Reuters report, GE is making an interesting counterargument based on all...

Posted on August 4, 2008 5:15 PM

GE plays the spinoff card (from Corporate Dealmaker)

When General Electric Co. CEO Jeff Immelt put the company's appliance unit on the block two months ago, he also held out the possibility of a spinoff to shareholders. Thursday he said GE plans to spin off the entire commercial and industrial group to shareholders -- though he remains open...

Posted on July 10, 2008 4:02 PM

Jeff Immelt, auctioneer extraordinaire (part 2) (from Corporate Dealmaker)

At some companies, top management is happy to delegate every aspect of a divestiture. Not at General Electric Co., though. An article in Thursday's Wall Street Journal (subscription required) reports that CEO Jeff Immelt "has personally reached out" to prospective buyers in what is turning out to be a difficult...

Posted on June 26, 2008 10:35 AM

Jeff Immelt, call Rex Tillerson (from Corporate Dealmaker)

Last week we wrote about the unwelcome strategic advice ExxonMobil Corp. chairman Rex Tillerson is getting from shareholder activists who want the company to get greener. This week General Electric Co. experienced a similar bit of of criticism, but from the opposite direction -- a conservative gadfly/investor who complains that...

Posted on June 5, 2008 10:50 AM

Jeff Immelt, auctioneer extraordinaire (from Corporate Dealmaker)

There are divestitures, believe it or not, that the selling company prefers to conduct on the down-low. Why panic the rank and file employees, the thinking goes, or create a situation where the press is demanding updates and you won't have anything to say for months? And then there is...

Posted on May 28, 2008 12:14 PM

Potential buyers for GE Appliances (from Corporate Dealmaker)

On May 15, General Electric Co. said it would sell or divest its Louisville, Ky.-based appliance business. The unit only contributed 8% to GE revenue last year, but certainly has intangible value. Possible buyers could include Japan's Hitachi Ltd., South Korea's LG Group, China's Haier Group Co., India's Videocon...

Posted on May 27, 2008 3:17 PM