GEs Immelt Sees Divestitures in 2015

The video covers several business stories: Blackstone is spinning off its investment banking division to merge with PJT Partners, with Steve Schwarzman becoming the largest shareholder. GE's CEO Jeff Immelt discusses ongoing divestitures to refocus on industrial roots, including selling its appliances division. Darden Restaurants loses a board battle to Starboard Value, which replaces the entire board after a controversial sale of Red Lobster. Lastly, Dave and Buster's successfully raises $94 million in its IPO, listing on NASDAQ.

What significant change is Blackstone making regarding its investment banking division?

What did Jeff Immelt indicate about General Electric's future plans?

What was the outcome of Darden Restaurants' battle with Starboard Value?

What was the reaction of shareholders regarding the sale of Red Lobster?

How much money did Dave and Buster's raise in its IPO?