CNBC: Shares of General Electric rise on report that Immelt could be ‘pushed into retirement’

An uptick in stock price comes as a report was issued Thursday by the Institute on Taxation and Economic Policy, a left-leaning research group in Washington, claiming that 100 corporations, including GE, paid no taxes in at least one year between 2008 and 2015.

The report also says that GE incurred a total federal income tax bill of less than $0 over that eight-year period, implying the company actually “received rebates.” Read more