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Former Secretary of State John Kerry is leading a conference on climate change this week at Yale University. The two-day conference that begins Monday on the Ivy League campus will feature speakers including General Electric Chairman Jeffrey Immelt, World Bank President Jim Kim and actor Leonardo DiCaprio. …

<p>Jeffrey Immelt is stepping down as chairman and chief executive of General Electric Co., bringing to an end a tumultuous 16-year tenure in which he dramatically reshaped the manufacturing powerhouse but failed to win over Wall Street.</p> <p>Amid mounting pressure from activist investor Trian Fund Management, GE said Monday that Immelt will be replaced by John Flannery, a 30-year company veteran who oversaw a jump in profits at the health-care unit. In a sign of just how great opposition to Immelt had become in the investing community, the stock soared the most in more than a year and a half after the announcement was made.</p>

RUSH: Trump had a meeting this morning at the White House with a slew of manufacturing CEOs. I think it’s still going on. If it’s not, it went on for hours. Trump loves these meetings. He gets a lot done at these meetings, and in the part that was televised… You know who Jeff Immelt is? He’s the CEO of GE who really, really, really, really got close in there and tight with Obama. So at the beginning of the meeting when the cameras are allowed in, Trump made Jeff Immelt describe the time he saw Trump hit a hole-in-one....

A week after General Electric blamed Obamacare for hurting its medical business, the company's chairman on Wednesday warned that uncertainty in the health care field will persist for much longer. “I think that there's still a lot of uncertainty in health care and we'll just have to see that over time,” warned Jeff Immelt during a shareholders' meeting in Chicago. Last week, the firm released financial figures which showed a rise in profits, but a cut in its medical business. That was blamed on companies and hospitals holding back on purchases of GE equipment out of concern over how bad...

General Electric is saying goodbye to 30 Rock—the building and the TV business born there. It’s another step in GE’s efforts to focus on less glamorous—but theoretically more profitable—ventures such as manufacturing medical imaging equipment, airplane engines and electrical generators. … GE is giving up its stake in one of America’s best-known brands. The sale includes the NBC broadcast network, which airs everything from “Law & Order” to “The Office” and “The Biggest Loser.” The company also owns cable networks Bravo, CNBC, Telemundo, USA and the Golf Channel. There’s also Universal Pictures, which over its 100 years has offered movies...

Barack Obama's Jobs Council hit a notable milestone on Thursday: one year without an official meeting. The 26-member panel is also set to expire at the end of the month, unless Obama extends its tenure. The group, formally known as the President's Council on Jobs and Competitiveness, last convened on Jan. 17, 2012 for a White House session where it presented formal recommendations to Obama. It was the panel's fourth official meeting since it was created in early 2011. A spokesman for Jobs Council chairman Jeffrey Immelt, who's the CEO of General Electric, referred questions about the panel's future to...

“Jim Jett always used to say that his brother was the damndest scoundrel that was ever borne,” drawled Abraham Lincoln, “but by the infinite mercy of providence he was also the damndest fool.” Jeffrey Immelt, the modern version of Jim Jett’s brother and Chief Executive Officer of General Electric, should be fired. Actually, if it’s possible, he should be fired twice: once because he’s a scoundrel and another time because he’s a fool. As a fool and as a scoundrel, the guy has wonderful timing; timing that can only be attributed to the vast Left-Wing conspiracy that aims to convince Americans...

Obama's Jobs Council chief, GM CEO Jeff Immelt says he will vote for Romney. Obama has had no jobs meetings in months.

BEGIN TRANSCRIPT RUSH: Charles Gasparino with a piece in the New York Post today. "Back when he agreed to advise the Obama [regime] on economics, General Electric CEO Jeff Immelt told friends that he thought it would be good for GE and good for the country. A life-long Republican, Immelt said he believed he could at the very least moderate the president's distinctly anti-business instincts. That was three years ago; these days Immelt is telling friends something quite different. Sure, GE has managed to feast on federal subsidies, particularly the 'green-energy' giveaways that are Obamanomics' hallmark." Yeah, there's no question...

Anyone following the intriguing Chevy Volt story has seen the internet headlines trumpeting the blog by General Motors' Bob Lutz in which he blasts Bill O'Reilly, Fox News and what he calls, "the rabid, sadly misinformed right." It remains a mystery as to why GM would take a politicized stance and join up with those on the left that want to complicate the story on the poor sales for the heavily subsidized and even more heavily hyped Chevy Volt and somehow connect the lack of demand to a Republican political conspiracy. Before moving on to the Lutz offensive defense,...

WASHINGTON — General Electric Co. plans to hire 5,000 veterans over the next five years and invest $580 million to expand its aviation business. The announcements Monday were part of a four-day event that the global conglomerate is hosting with partners in Washington, D.C., that focuses on issues such as manufacturing and job creation in America. GE CEO Jeffrey Immelt heads up President Obama's 27-member jobs council, which also includes AFL-CIO President Richard Trumka, AOL co-founder Steve Case and Facebook chief operating officer Sheryl Sandberg. GE said Monday that its "Hiring Our Heroes" partnership will help match veterans with jobs....

Whether through sound bites or live audio, “The Donald” has been making the rounds on all the news talk shows this morning in response to GOP presidential candidates Texas Rep. Ron Paul and former Utah Governor Jon Huntsman electing to skip the debate that Donald Trump will moderate on December 27. It’s been a war of words to say the least. During his second NBC interview of the morning, Trump got heated with “Daily Rundown” host Chuck Todd, at one point saying, “I didn’t call you, you called me.” That was in response to Todd saying that Trump wanted to...

Crony Capitalism: As the president embraces Occupy Wall Street, his favorite corporation paid no taxes in 2010 on $14 billion in profits, much of it overseas. Meanwhile, 20,000 jobs for the 99% go unfilled. At a recent town hall meeting, Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee, reminded constituents of a story that broke earlier in the year — that General Electric paid no taxes on profit of $14 billion, $9 billion of which was earned overseas. Ryan related how he had asked a GE tax officer the length of GE's tax filing. The tax guy said...

* China eyeing "vastly superior" scale, Immelt warns * "I worry a little bit about us," Immelt says of U.S.* GE "all-in" on solar, sees potential $20 bln business By Scott MaloneNov 3 (Reuters) - General Electric Co's Jeff Immelt worries the United States may lose ground to China in the renewable energy sector because it is not prepared to invest in solar, wind and other technologies on the same scale.But the chief executive of the largest U.S. conglomerate said his company remains undaunted and will continue to work in the sector despite the recent bankruptcy of solar panel maker...

1. Alabama is a wonderfully free "right-to-work" state, which simply means it prevents unions from extracting dues from workers who do not wish to join. 2. General Electric's CEO Jeff Immelt is the poster-boy for crony capitalism, having backed Obama's rush to socialized medicine and green energy to benefit various of its business units. 3. It turns out that GE's Aviation division is breaking ground on a new factory in Alabama. And, unlike Boeing, which tried to build a factory in a right-to-work-state, the National Labor Relations Board hasn't uttered a peep. But I'm sure that's just a coincidence. Remember...

NEW CANAAN, Conn. – Daisy Franklin of Norwalk was among the nearly 100 protestors who came to the New Canaan home of General Electric CEO Jeff Immelt Saturday to take part in the first known Occupy Wall Street rally in Fairfield County. "I worked in a small Norwalk manufacturing company for 15 years until it was forced to shut down a year ago," Franklin, 55, told the crowd, using a bullhorn. "Now, I get by on less than $200 a week of unemployment for me and my daughter. When you run out of money, you run out of options. So,...

Noting that we’re celebrating the Reagan centennial, he praised President Reagan for being both “tough-minded and hopeful,” and also “willing to work with his detractors.” That approach, said Immelt, should also be a model of leadership in the 21st century, which “is about building bigger and diverse teams; teams that accomplish tough missions with a culture of respect.”

You knew it was coming. The Kamp Alinsky Kids are taking a sight-seeing tour today. After a month of trashing Zuccotti Park at a public cost of $2 million per day, the riff-raff is marching uptown to occupy…wealthy people’s private homes. According to the NY Daily News: “A ‘Millionaires March’ will visit the homes – or, more realistically, the gleaming marble lobbies – of five of the city’s wealthiest residents, including News Corp. CEO Rupert Murdoch, JPMorgan Chase CEO Jamie Dimon and conservative billionaire David Koch.” Some millionaires and billionaires and their homes get protected, of course. Billionaire NYC Mayor...

WASHINGTON (AP) — Decrying the human toll of the nation's economic and financial crisis, a group of corporate and labor leaders advising President Barack Obama is calling for sweeping and urgent changes in government policies, from liberalized immigration and less restrictive regulations to a more business friendly tax system and greater spending on infrastructure. In tackling the nation's economic crisis and its stubborn 9.1 percent unemployment rate, the president's Council on Jobs and Competitiveness is putting the names of some of the country's top corporate CEOs as well as the head of the AFL-CIO behind proposed initiatives and policy overhauls...

It was literally a show stopper. At the end of his "60 Minutes" interview with Lesley Stahl, GE CEO Jeff Immelt asked her: "I don't know why you don't" root for GE, and by extension for American business, the way company employees do? Did Immelt leave Stahl speechless? Rather than providing an answer, 60 Minutes could only cut to its tick-tick-tick stopwatch. View video here.