Breaking News

U.S. Says 72-Hour Cease-Fire Agreed in Gaza, to Start Tomorrow
Tweet TWEET

GE Chief Immelt Sees Room for More Acquisitions, FAZ Reports

General Electric Co. (GE) Chief Executive Officer Jeffrey Immelt said the U.S. company always has “room for acquisitions” and is eyeing candidates that could cost $3 billion each, Frankfurter Allgemeine Zeitung reported today, citing an interview.

GE raised its forecast for the industrial businesses and now sees full-year revenue rising about 15 percent to $110 billion, the German newspaper said, citing the interview, which was sent via e-mail.

A GE spokeswoman, Deirdre Latour, told Bloomberg News later in a telephone interview that the Fairfield, Connecticut-based company hasn’t changed its forecast for this year. Revenue at the industrial units may increase 5 percent to 10 percent in 2012, GE said in December.

To contact the reporters on this story: Aaron Kirchfeld in Frankfurt at akirchfeld@bloomberg.net; Tim Catts in New York at tcatts1@bloomberg.net

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.