Boeing Co. said on Wednesday that it sold 10 of its big 777s to the airplane leasing arm of General Electric. Get the full story »
GE
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$4M bonus lifts Immelt’s 2010 pay to $21M
General Electric Co. paid Jeffrey Immelt a $4 million cash bonus in 2010, after two years when the chief executive of the largest U.S. conglomerate declined a payout in the face of sliding profits. Get the full story »
GE, Google earnings help stocks to fast start
U.S. stocks opened higher Friday, bouncing back after two days of declines, as strong earnings from General Electric Co. and Google Inc. lifted investor hopes.
The Dow Jones industrial average was up 64.63 points, or 0.55 percent, at 11,887.43. The Standard & Poor’s 500 Index was up 7.15 points, or 0.56 percent, at 1,287.41. The Nasdaq Composite Index was up 14.80 points, or 0.55 percent, at 2,719.09.
GE’s Immelt calls for truly free U.S.-China trade
General Electric Co.’s Jeffrey Immelt said Wednesday he wants the United States and China to open their borders for truly free trade between the world’s top two economies, rather than hiding behind protectionist walls.
But the chief executive of the largest U.S. conglomerate acknowledged in an interview with Reuters Insider that he treads carefully in going into business with Chinese companies. Get the full story »
General Electric to acquire Dresser for $3 billion
General Electric Co. on Wednesday signed a deal to buy Dresser Inc. for about $3 billion, its latest deal to expand its product offerings in gas and other energy markets.
