GE’s Immelt Sees 2015 Pivot on Industrial Shift With Alstom
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General Electric Co. forecast profit in its industrial units will rise at least 10 percent in 2015 while digesting the record Alstom SA energy acquisition and cutting costs to help blunt the effect of falling oil prices.
“We’ve done what we set out to do -- aggressive portfolio reshaping under way, good industrial execution,” Chief Executive Officer Jeffrey Immelt said yesterday in a presentation from NBC’s “Saturday Night Live” studio in New York.