GE CEO Immelt says still expects to close Alstom deal

General Electric Co Chief Executive Jeff Immelt said on Wednesday that GE is still going to "work constructively" with the French government on its bid for the power business of Alstom and that he expects the deal to close. But Immelt told an investor conference on Wednesday that, "We wouldn't have started if we didn't think we could finish." "It's a deal that's executable. GE last month made its offer for Alstom's power turbine and grid arm in a deal designed to expand its installed base of power turbines, get a more complete offering to power customers, and broaden GE's presence in emerging markets. In an attempt to get better bids for Alstom, seen as a center of French engineering know-how, French President Francois Hollande's government has weighed in on the talks, creating some uncertainty.