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Jeffrey Immelt

GE finance arm tightens lending standards worldwide in crunch

General Electric Co is tightening lending standards worldwide to help reduce risks amid the global credit crunch, Chief Financial Officer Keith Sherin said. The collection of finance units known as GE Capital contributed more...

PAPER CUTS: LOANS FROZEN

The commercial paper market, used by companies to finance payroll and other daily expenses, is still largely frozen despite upbeat comments yesterday from General Electric chief Jeffrey Immelt. Commercial paper traders said...

As GE profit falls, company sees itself weathering the storm

General Electric, in reporting its third-quarter results Friday, portrayed itself as a company positioned as conservatively as possible to withstand the turmoil in the financial markets. Earnings per share, at 45 cents, were...

You Choose The Industry's Most Powerful Players

Adweek will mark its 30th anniversary in November. Can you believe it? The birthday issue will be taking a look at the last 30 years of the business, while peering into the future. "The centerpiece of the issue will be a...

Investors may focus on GE's finance units

General Electric Co. Chief Executive Officer Jeffrey Immelt, poised to report a third straight decline in quarterly profit this year, may find investors focused on his plans for the GE finance units mired in the global market...

Burnout (at Forbes.com)

Forbes Magazine dated October 27, 2008 Does General Electric deserve its AAA rating? Buffett's cash, along with a $12.2 billion stock offering at not much more than half GE's price a year ago, helped the company clutch its AAA...

Jeffrey Immelt

CEO, General Electric, 52 · New York He's not the most charismatic man in the country, or even in business. In the seven years he's been on the job, his company's stock has declined about 40 percent, and Wall Street is starting...

Corporate Diversity in the Boardroom Comes Into Focus

High-powered African American executives and scholars consider boardroom diversity's proven benefits as Obama's candidacy changes the national dynamic In a period of crisis, what if we were handed a proven method of problem...

Why GE Is Getting Out of the Kitchen

Stoves, refrigerators, and other appliances used to be the core of General Electric's business. The proposed joint venture, spin-off, or outright sale of GE's appliances division could, after all, give the company a much-needed...

Global business

Global business Lifelines were thrown to European banks. The Dutch, Belgian and Luxembourg governments partly nationalized Fortis amid uncertainty about its ability to sell assets it holds in ABN AMRO, a Dutch bank. The Reserve...

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