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GE's Immelt Says He Doesn't Want A Big Acquisition In Near-Term

By Bob Sechler Of DOW JONES NEWSWIRES General Electric Co. (GE) Chief Executive Jeff Immelt all but swore off big acquisitions by the conglomerate this year, saying Friday that the company is concentrating on integrating previous large deals in the energy sector. "I just don't want to do a big deal," Immelt said, in response to an analyst's question during GE's post-earnings conference call. "We never say never, but I just don't want to do a big deal right now." Immelt previously has said he didn't expect any big acquisitions in 2012 after about $12 billion in deals last year. He reiterated Friday that "small, bolt-on acquisitions" are still a possibility for the company this year. "But we've got a lot on our plate" already, he added. GE shares were up about 2.3% in recent trading, at $19.59, after the Fairfield, Conn., conglomerate reported a 12% decline in first-quarter earnings that nonetheless beat Wall Street expectations on an operating basis, fueled by renewed profit growth at its big energy infrastructure division. -By Bob Sechler; Dow Jones Newswires; 512-258-1690; bob.sechler@dowjones.com

Stock News for Gen Electric (GE)
DateTimeHeadline
07/26/201616:30:34Statement of Changes in Beneficial Ownership (4)
07/26/201616:30:07Statement of Changes in Beneficial Ownership (4)
07/26/201616:29:40Statement of Changes in Beneficial Ownership (4)
07/26/201610:51:00GE Does Away With Employee Ratings
07/23/201603:03:00GE, Honeywell Endure Oil Slump's Pain -- WSJ
07/22/201614:50:00General Electric, Honeywell Post Lower Revenue --4th Update
07/22/201610:31:00GE Posts Weaker Industrial Results, Predicts Second-Half Rebound--3rd...
07/22/201610:14:00GE Posts Weak Industrial Results, Predicts Second-Half Rebound--2nd...
07/22/201609:44:00U.S. Hot Stocks: Hot Stocks to Watch
07/22/201608:25:00GE Reports 15% Rise in Revenue--Update
07/22/201607:40:00GE Reports 15% Rise in Revenue
07/22/201607:33:01Current Report Filing (8-k)
07/22/201607:28:00GE Reports 15% Rise in Revenue
07/22/201603:02:00Ahead of the Tape: GE Stock Shines Too Brightly -- WSJ
07/21/201615:58:00GE Shares Shine Too Brightly -- Ahead of the Tape
07/21/201603:03:00Best Practices Get Big Backing -- WSJ
07/21/201600:30:00Corporate Heavyweights Back Governance Practices
07/20/201612:00:00GE Completes Sale of Equipment Finance and Receivable Finance...
07/19/201617:50:00Discover Financial Loans Rise 4%
07/19/201607:04:00がん治療法に投資:GEはバイオセーフ・グループの買収で細胞療法の産業化をリードする態勢...

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