GE Head Immelt: No Magic Potion on Jobs

 Immelt
Immelt

GREENVILLE, S.C. (AP) -- The chairman of President Barack Obama's jobs and competitiveness council said Wednesday there is no magic potion to jobs creation, but the panel is devising pragmatic plans to put people back to work.

General Electric Co. Chairman and CEO Jeffrey Immelt spoke Wednesday with employees and reporters during a visit to his company's gas turbine plant in Greenville, S.C., which employs 3,300 people including 1,700 engineers.