Arab Today, arab today ge sees 24bn in acquisitions by yearend
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

GE sees $2.4bn in acquisitions by year-end

Arab Today, arab today

Arab Today, arab today GE sees $2.4bn in acquisitions by year-end

New York - AFP

US industrial conglomerate General Electric expects to spend about $2.4 billion in acquisitions through the rest of the year, GE chief executive Jeffrey Immelt said Wednesday. In a presentation to analysts, Immelt noted the company had planned $10 billion in targeted acquisitions in 2013. In April GE agreed to buy Lufkin Industries, which provides artificial lift technologies for the oil and gas industry, for $3.3 billion. Last December, GE agreed to buy the aviation business of Avio, an Italy-based manufacturer which provides components for GE Aviation and other engine companies, for $4.3 billion. That deal will be booked in 2013. Immelt said the company intends to slow the pace of acquisitions beginning in 2014 to about $3-5 billion a year. The sprawling Fairfield, Connecticut-based conglomerate, whose portfolio includes aircraft engines, home appliances, financial services and utility operation systems, set an acquisition strategy last year to boost company growth. Dow member GE shares rose 0.9 percent to $23.86 in New York trade, bucking the 0.52 percent drop in the 30-stock Dow Jones Industrial Average.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ge sees 24bn in acquisitions by yearend Arab Today, arab today ge sees 24bn in acquisitions by yearend

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ge sees 24bn in acquisitions by yearend Arab Today, arab today ge sees 24bn in acquisitions by yearend

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday