General Electric and Jeff Immelt

Jeff Immelt: This spring, GE won the bidding for Alstom, the French engineering group and maker of power equipment. It sold its appliance arm to Electrolux, getting out of the consumer goods business. And it forecasts GE Capital, its financing arm which was hard hit in 2008, will soon be responsible for only 25 per cent of the business. Electrolux buys GE appliance arm for $3.3B France pegs General Electric for hotly-contested Alstom deal , according to Canadian Broadcasting Corporation, CBC. The means following customers wherever in the world they go and getting deeper into technology, especially monitoring data to improve performance. General Electric CEO Jeff Immelt has led the company away from its roots as a manufacturer of consumer good and industrial machinery to a new focus on infrastructure and what he calls its future in analytics. The transformation is part of a strategy to evolve with new technology that is so central to industry today, Immelt said in an interview with CBCs The Exchange with Amanda Lang . GE CEO Jeff Immelt has presided over the end of GE consumer business and its growth in infrastructure and analytics. (news.financializer.com). As reported in the news.