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Jeffrey Immelt

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BUSINESS
May 9, 2002 | Associated Press
General Electric Co.'s chief executive affirmed earnings guidance for 2002 but said the company will face pressure over the next several years because of lower gas turbine sales. Jeffrey Immelt said the company is on track to earn more than $16.5 billion, or $1.65 to $1.67 a share, for 2002, excluding accounting changes. The company also remains comfortable with analysts' 2003 earnings projections calling for double-digit earnings growth.
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NATIONAL
June 14, 2011 | By Peter Nicholas, Washington Bureau
With traditional tools to jolt the economy largely exhausted or unavailable to him, President Obama is turning to more modest measures in an effort to persuade voters that he is continuing to fight for the millions who are out of work. Obama's meeting here Monday with business experts and workers was shadowed by a wave of ominous economic reports that could be the president's political undoing. The unemployment rate last week ticked up to 9.1%; the housing market has sagged to 2002 levels; and first-quarter economic growth was an anemic 1.8%.
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BUSINESS
March 12, 2008 | From the Associated Press
The chief executive of General Electric Co. is telling investors that the industrial and financial conglomerate will not sell NBC Universal, despite recurring speculation that GE would shed its media and entertainment division. Jeffrey Immelt, in a message to investors in GE's annual report to be released today, called NBC Universal a "great example of a business that becomes more valuable as its market evolves." "Should we sell NBC-U? The answer is no! I just don't see it happening, not before the Olympics, not after the Olympics," Immelt said.
BUSINESS
January 22, 2011 | By Jim Puzzanghera and Peter Nicholas, Los Angeles Times
President Obama's decision to tap General Electric Co. Chief Executive Jeffrey Immelt to lead an initiative on jobs and U.S. competitiveness highlights two key White House focuses: Obama wants to convince corporate America that his administration is not anti-business, and he wants to show average citizens that the economy is no longer on life support. Immelt will replace former Federal Reserve Chairman Paul Volcker as head of a reconstructed White House panel of business, labor and academic leaders that has offered periodic economic advice to Obama since early in his presidency.
NATIONAL
June 14, 2011 | By Peter Nicholas, Washington Bureau
With traditional tools to jolt the economy largely exhausted or unavailable to him, President Obama is turning to more modest measures in an effort to persuade voters that he is continuing to fight for the millions who are out of work. Obama's meeting here Monday with business experts and workers was shadowed by a wave of ominous economic reports that could be the president's political undoing. The unemployment rate last week ticked up to 9.1%; the housing market has sagged to 2002 levels; and first-quarter economic growth was an anemic 1.8%.
NEWS
January 21, 2011 | By Michael A. Memoli, Washington Bureau
President Obama used a visit to a GE plant in upstate New York to outline a new mission for his economic team, a shift from economic rescue into "overdrive" spurred in part by a ramping up of American exports. The event at the birthplace of GE also served as the introduction of the company's CEO, Jeffrey Immelt, as the leader of Obama's new Council on Jobs and Competitiveness. It will replace the Economic Recovery Advisory Board he created two years ago after taking office. After touring the Schenectady plant, Obama highlighted the company's expansion in the region, which he said benefited from tax breaks extended in the recent tax compromise and his administration's trade deals with nations like China and India.
BUSINESS
February 5, 2007 | Meg James, Times Staff Writer
For the man who dedicated two decades to building NBC Universal into an entertainment empire, the closing credits began to roll too soon. Bob Wright had wanted to stay on as chief executive a bit longer. But General Electric Co., which owns NBC Universal, is expected to announce Tuesday that 41-year-old Jeff Zucker will replace the 63-year-old Wright as chief executive of the media company. GE Chief Executive Jeffrey Immelt was determined to have his own team running NBC Universal.
BUSINESS
August 1, 2009 | Joe Flint
The on-screen and behind-scenes feuding between rivals Fox News and MSNBC, which has erupted in recent months like two kids squabbling, has gotten so loud that their parents are trying to tell them to knock it off. Rupert Murdoch, chairman and chief executive of News Corp., which owns Fox News, and Jeffrey Immelt, chief executive of General Electric Co., which owns MSNBC, met up at the Microsoft CEO summit in Redmond, Wash.
BUSINESS
January 27, 2011 | By Meg James, Los Angeles Times
Clearing the way for its handoff of control of NBC Universal, General Electric Co. this week spent $3.8 billion to buy out the remaining interest of its French partner, Vivendi. Vivendi held on to a 20% stake in NBC Universal as part of the French company's 2004 deal when it sold the majority of its U.S. entertainment assets ? including NBC, Universal Studios and cable channels USA Network and Syfy ? to GE. Last fall, GE began acquiring Vivendi's interest in preparation for NBC Universal's merger with the Philadelphia cable operator Comcast Corp.
BUSINESS
December 18, 2002 | From Reuters
General Electric Co. said it expects to raise $5 billion to $10 billion from asset sales next year as part of a shift to higher-growth technology and consumer finance businesses. Chief Executive Jeffrey Immelt said the sales should help GE distance itself from poorly performing businesses while cutting costs. GE is considering the sale of the life reinsurance business of its Employers Re unit.
BUSINESS
August 1, 2009 | Joe Flint
The on-screen and behind-scenes feuding between rivals Fox News and MSNBC, which has erupted in recent months like two kids squabbling, has gotten so loud that their parents are trying to tell them to knock it off. Rupert Murdoch, chairman and chief executive of News Corp., which owns Fox News, and Jeffrey Immelt, chief executive of General Electric Co., which owns MSNBC, met up at the Microsoft CEO summit in Redmond, Wash.
BUSINESS
March 12, 2008 | From the Associated Press
The chief executive of General Electric Co. is telling investors that the industrial and financial conglomerate will not sell NBC Universal, despite recurring speculation that GE would shed its media and entertainment division. Jeffrey Immelt, in a message to investors in GE's annual report to be released today, called NBC Universal a "great example of a business that becomes more valuable as its market evolves." "Should we sell NBC-U? The answer is no! I just don't see it happening, not before the Olympics, not after the Olympics," Immelt said.
BUSINESS
February 5, 2007 | Meg James, Times Staff Writer
For the man who dedicated two decades to building NBC Universal into an entertainment empire, the closing credits began to roll too soon. Bob Wright had wanted to stay on as chief executive a bit longer. But General Electric Co., which owns NBC Universal, is expected to announce Tuesday that 41-year-old Jeff Zucker will replace the 63-year-old Wright as chief executive of the media company. GE Chief Executive Jeffrey Immelt was determined to have his own team running NBC Universal.
BUSINESS
May 9, 2002 | Associated Press
General Electric Co.'s chief executive affirmed earnings guidance for 2002 but said the company will face pressure over the next several years because of lower gas turbine sales. Jeffrey Immelt said the company is on track to earn more than $16.5 billion, or $1.65 to $1.67 a share, for 2002, excluding accounting changes. The company also remains comfortable with analysts' 2003 earnings projections calling for double-digit earnings growth.
BUSINESS
February 28, 2007 | From the Associated Press
The chairman and chief executive of General Electric Co. received $15.2 million in compensation last year, according to a company proxy. Jeffrey Immelt, 51, was paid $3.3 million in salary, a $5-million bonus and $548,013 in other benefits, including private use of company airplanes. In addition, he was awarded performance share units valued at $6.3 million on the day they were granted last year.
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