Business

Jeff Immelt’s refusal to give or take bad news defined his leadership at GE

Former General Electric boss Jeff Immelt was consistently over-optimistic in running the large conglomerate during his 16-year tenure, The Wall Street Journal reported Wednesday. More than a dozen insiders — including both investors as well as current as well as former GE executives — told the paper Immelt might project results for the company’s future mismatched with its reality. Those ...

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the item’s government’s responsibility to regulate guns

“of which will not solve the problem,” Simon said. However, Steve Odland, chief executive officer of the nonprofit Committee for Economic Development, said Sorkin raised “a very not bad point.” “We think CEOs should talk about these issues, in addition to also also maybe not take sides in addition to also also say I’m pro-gun control or I’m anti-gun control, ...

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GM proposing $2.8 billion investment in South Korea

Getty Images General Motors vehicles go through assembly after GM celebrated the official launch of the Chevrolet Volt hybrid electric vehicle at GM’s Detroit-Hamtramck Assembly November 30, 2010 in Detroit, Michigan. General Motors (GM) has proposed a $2.8 billion fresh investment in South Korea over the next 10 years as part of its plan to restructure its embattled Korean unit, ...

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Final variation of Trans-Pacific trade deal released

The original 12-member deal was thrown into limbo early last year when U.S. President Donald Trump withdrew by the agreement to prioritize protecting U.S. jobs. The 11 remaining nations, led by Japan, finalized a revised trade pact in January, called the Comprehensive in addition to Progressive Agreement for Trans-Pacific Partnership (CPTPP). the idea can be anticipated to be signed in ...

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bank restructuring, interest rates, markets volatility

After seven years of restructuring in which involved cutting thousands of jobs along with bank branches, HSBC has turned itself around with profits rising more than 140 percent over the last year. although the job of strengthening the bank will be not over, Chairman Mark Tucker said Wednesday, as the ever-changing global environment calls for a more agile business strategy. ...

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Fortescue wants to cut iron ore production costs

After its production costs hit a record low within the last quarter, Fortescue Metals wants to drive costs even lower This kind of financial year, according to the CEO of the Australian iron ore producer. Speaking to CNBC on “Street Signs,” Elizabeth Gaines, CEO of Fortescue Metals, talked about the strategies in which she believes will help the iron ore ...

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Bahrain sovereign fund in talks to invest in SoftBank Vision Fund: CEO

Alessandro Di Ciommo | NurPhoto | Getty Images CEO of Softbank Group Masayoshi Son attending a news conference in Tokyo on February 8, 2017. Bahrain’s sovereign wealth fund Mumtalakat is usually in early talks to invest in Softbank Group’s private equity fund of which aims to target the technology sector, its chief executive said. Mumtalakat could join some other Gulf ...

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