Tag Archives: Jeff Immelt

Electrolux in Agreement to Buy GE Appliances

Electrolux

STOCKHOLM-Electrolux and General Electric have swung a deal whereby Electrolux will acquire GE’s appliance business for $3.3 billion. According to a joint statement from the two companies, the acquisition—described by Keith McLoughlin, Electrolux’s president and CEO, as “our largest ever”—will close on an unspecified date in 2015. It is expected to bolster Electrolux’s global applianceMore »

Last updated: September 8, 2014

Walmart Holds Manufacturing Summit

Walmart

ORLANDO, Fla.-Walmart hosted its summit meeting to advance the renewal of U.S. manufacturing here yesterday, with almost 1,500 government officials and supplier executives in attendance. The summit, which was held at the Orlando Convention Center and which included sessions on bolstering U.S. manufacturing, was part of the retailer’s commitment to purchase an additional $50 billionMore »

Last updated: August 23, 2013