{"id":10465,"date":"2012-05-03T20:32:28","date_gmt":"2012-05-03T18:32:28","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/ges-immelt-sees-long-slog-ahead-for-europe\/"},"modified":"2012-05-03T20:32:28","modified_gmt":"2012-05-03T18:32:28","slug":"ges-immelt-sees-long-slog-ahead-for-europe","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/ges-immelt-sees-long-slog-ahead-for-europe\/","title":{"rendered":"GE&#8217;s Immelt sees long slog ahead for Europe"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">NEW YORK<\/span> May 3 (Reuters) &#8211; General Electric Co<br \/>\nexpects Europe to experience an extended period of slow economic<br \/>\ngrowth, but sees Algeria, South Africa, Turkey and Peru as the<br \/>\nnext markets where it is likely to top the billion-dollar<br \/>\nrevenue mark, said Chief Executive Jeff Immelt, at a conference<br \/>\nin New York.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The largest U.S. conglomerate has increasingly focused its<br \/>\ngrowth efforts on so-called resource-rich countries that have<br \/>\nlarge supplies of energy or minerals.<\/p>\n<p><span><\/span><\/p>\n<p>GE aims to focus its acquisition efforts on buying new data<br \/>\nanalytics technologies, but Immelt does not expect the maker of<br \/>\nproducts ranging from jet engines to light bulbs to transform<br \/>\nitself into a software company.<\/p>\n<p><span><\/span><\/p>\n<p>He emphasized that GE&#8217;s current priority is on raising its<br \/>\ndividend, not making deals.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;I&#8217;m not going to do a big acquisition,&#8221; Immelt said on<br \/>\nThursday.<\/p>\n<p><span><\/span><\/p>\n<p>Immelt added that he believes the financial services<br \/>\nindustry is in a period of &#8220;tremendous flux,&#8221; and as a result<br \/>\nthe Fairfield, Connecticut-based company will continue its<br \/>\nefforts to prune back its GE Capital finance arm.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK May 3 (Reuters) &#8211; General Electric Co expects Europe to experience an extended period of slow economic growth, but sees Algeria, South Africa, Turkey and Peru as the next markets where it is likely to top the billion-dollar revenue mark, said Chief Executive Jeff Immelt, at a conference in New York. The largest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10465","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10465"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10465\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}