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It took more than a year, but General Electric Co. (NYSE: GE) finally received the approvals needed to buy most of the energy business belonging to France's Alstom SA (OTC ADR: ALSMY).
It's an important deal: It's the latest piece of GE CEO Jeffrey Immelt's plan to pivot away from finance and return his company to its highly successful industrial roots. And it's also an affirmation of Immelt's emergence as the kind of corporate leader who's more than just a "caretaker" - and is capable of reshaping the organization he's running.Full Story
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