JEFFREY IMMELT, CEO of General Electric, bought 40,000 shares of General Electric (Stock Symbol: GE) at $25.04 per share for a total amount of $1 million on January 27th, 2014.
Company Name is located in Fairfield, CT.
On January 30th, 2014, Florida East Coast Railway, LLC (FEC) announced that it will acquire 24 new ES44C4 locomotives from GE Transportation. The new locomotives will be used in thru-freight, heavy haul service on the railway’s 351 mile mainline route between Jacksonville, and Miami, FL.
On January 28th, 2014, Power Generation Services, Inc. (“PoGens™”) announced that GE’s Digital Energy business (GE) has made a strategic investment in the company. “We have been working closely with GE for the past year and this investment accelerates the integration of GE’s energy infrastructure technologies including Advanced Metering Infrastructure, Demand Management Systems and Energy Management Systems with PoGens’™ distributed generation services platform,” according to PoGens’™ CEO, Jim Szyperski.
On January 17th, 2014, GE announced fourth-quarter 2013 operating earnings of $5.4 billion, with earnings per share of $0.53, up 20% from the fourth quarter of 2012.
According to Capital IQ, [Company Name] has a market cap of $253.6 billion, an enterprise value of $622.6 billion, and trailing 12 month revenues of $146 billion.
General Electric Company (GE) is a diversified technology and financial services company. The products and services of the Company range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. It serves customers in more than 100 countries. In June 2013, American Realty Capital Trust IV Inc announced that it has closed on the acquisition of 377 primarily net lease retail properties as part of its previously announced portfolio acquisition from certain affiliates of General Electric Co’s GE Capital. In August 2013, General Electric Company completed the acquisition of the aviation business of Ario S.p.A. In December 2013, CLARCOR Inc. completed the acquisition of Air Filtration business of General Electric Company’s Power & Water division. Effective December 31, 2013, CareFusion Corp acquired Vital Signs Inc from GE Healthcare, a unit of General Electric Co.
Jeffrey Immelt’s most recent annual compensation from General Electric is a salary of $7.8 million and $18 million in other compensation. Mr. Immelt is 57 years old.
According to his biography, Mr. Jeffrey R. Immelt is Chairman of the Board, Chief Executive Officer of General Electric Company. Mr. Immelt has held several global leadership positions since coming to GE in 1982, including roles in GE’s Plastics, Appliances, and Healthcare businesses. In 1989 he became an officer of GE and joined the GE Capital Board in 1997. A couple years later, in 2000, Mr. Immelt was appointed president and chief executive officer. Mr. Immelt was the chair of President Obama’s Council on Jobs and Competitiveness. He is a member of The American Academy of Arts & Sciences. Mr. Immelt earned a B.A. degree in applied mathematics from Dartmouth College in 1978 and an M.B.A. from Harvard University in 1982.
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