Entries tagged "Jeffrey Immelt"
General Electric Co. plans to do its part to get lending jump-started again in 2009, as the conglomerate said it will be extending financing to its industrial business customers in the areas of energy, transportation and water projects next year, even if the credit markets remain locked up. CEO Jeffrey Immelt told the Financial Times Thursday that GE Capital plans to originate $130 billion to $150 billion in new loans next year even if the buyers continue to stay away from debt markets. ...