WSJ reports GE’s Jeff Immelt reconsidering 20-year tenure

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Today’s Wall Street Journal has a story about Jeff Immelt possibly shortening his run as GE’s CEO. Immelt, 58, had been expected to lead the $258 billion company for 20 years, but according to sources, is now rethinking that plan. He is currently going into his 13th year as chief executive. GE, which is headquartered […] [Read More]
Categories: GE

GE files for IPO for credit card unit

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As part of a strategy to shrink its retail finance business, GE on Thursday filed an initial public offering for a credit card unit that holds accounts with big retailers like Gap, Wal-Mart and J.C. Penney. The plans, which had been announced last November, results in a newly named company called Synchrony Financial. According to […] [Read More]
Categories: GE, IPO

Thomson Reuters taps UTC, GE and Xerox as top global innovators

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Three major corporations anchored in Connecticut have been ranked as drivers of international innovation as Thomson Reuters announced its 2013 Top 100 Global Innovators program this week. GE, Xerox and United Technologies were named on the third annual list, compiled and evaluated by Reuters’ IP & Science business. The 100 companies chosen in this year’s […] [Read More]

Ruger shares rise and GE stays even as guns stay in the news

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Sturm Ruger & Co. was joined under the gun control microscope Fairfieldby neighbor General Electric. Ruger, a gun maker headquartered in Connecticut, which just passed one of the nation’s most strict gun laws, has been receiving threats of boycotts by gun owners unless it moves out of the state where Ruger was founded. General Electric’s […] [Read More]
Categories: GE, Wall Street

Some GE customers love their guns more

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Less than an hour after The Wall Street Journal reported GE Capital was going to stop providing retail lending services to gun shops, a few people decided to threaten GE with boycotts. The Journal quoted gun store owners in other states who received letters from GE stating the company would no longer provide lending services […] [Read More]
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GE reports first quarter results Friday

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General Electric will report its first quarter results Friday morning before the opening of the market. The Fairfield-based multi-nationa saw its shares rise steadily last year and into this one, going from a low of less than $19 to more than $22. The presentation will be webcast on GE’s site, www.ge.com. [Read More]
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Some local CEOs get 30 percent raises

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While pay increases have been creeping back into some industries, most Americans were still tightening their belts coming out of 2012. Not so for some of our area’s CEOs. Six of the region’s top CEOs saw their pay packages jump more than 30 percent, with two of those gaining more than 100 percent for the […] [Read More]
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GE delcares 19 cent dividend

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The Board of Directors of General Electric declared a 19 cent per share dividend on the outstanding common stock of the Company payable on April 25, 2013, with a record date of February 25, 2013, and ex-dividend date of February 21, 2013. [Read More]
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Cut and print! GE sells remaining NBC stake for $18.1 Billion

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Fairfield-based GE said Tuesday it agreed to sell its remaining 49 percent common equity interest in its joint venture with Comcast, which includes NBCUniversal and the NBCU floors in 30 Rockefeller Center, for $18.1 billion. Here’s the official release from GE on the terms and what it did. Under the terms of the transaction, GE […] [Read More]
Categories: GE, Wall Street
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Joint Chiefs call on Congress to call off sequestration

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The Joint Chiefs for Staff for the U.S. Military have sent a letter to Congress warning that if they do not stop sequestration, the United States will be left with a hollow force. The letter, reported on by Politico.com’s Morning Defense blog highlights the concerns of the nation’s top military brass. Defense contractors are bracing […] [Read More]