Jeff Immelt

General Electric plans major change in portfolio

General Electric management has planned a major shift in its portfolio to concentrate on manufacturing and industrial units. GE plans to exit its interest in GE Capital and CEO Jeffrey Immelt plans to spend around $5 billion on expansion of manufacturing units. GE is also in advance talks with... read more

France Supports GE Bid for Alstom

France has selected General Electric for as a partner for Alstom SA with a condition of 20 percent stake in the venture. Economy Minister Arnaud Montebourg announced that the state would support GE bid for the Paris-based Alstom’s gas turbine operations.

France has rejected the offers... read more

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