Chief Executive Jeff Immelt wants further focus on manufacturing of higher-margin products such as jet engines and power-generating turbines, and to move away from riskier finance earnings. GE met with European regulators on Thursday to allay worries its 12.4 billion euro ($13.7 billion) acquisition of Alstom’s (ALSO.PA) power equipment business would leave Europe with two gas turbine players. On Wednesday, the U.S. government sued to block GE’s $3.3 billion appliances sale to Sweden’s Electrolux (ELUXb.ST), saying it would combine two of the three top players.