Recent News: Subprime, Insider Trading, Housing, KSK Power, 2007 Revenue, Aviation and Aerospace

GE says investors cashed out from fund
Institutional investors cashed out about $600 million from General Electric Co.'s GE (NYSE:GE) Asset Management fund amid worries about potential losses due to the troubled subprime mortgage markets, a spokesman said Thursday...

GE SVP Sells Shares
A senior vice president at General Electric Co. sold 26,026 shares of common stock, according to a Securities and Exchange Commission filing Wednesday...

Investors getting nervous about short-term funds
Main Street is getting a taste of Wall Street's credit problems and investors may soon move money out of short-term funds, long considered safe, but now suffering losses, analysts and advisors said...

Ospraie Buys International Paper, Sells GE in Third Quarter
Ospraie Management LLC, a $7 billion hedge-fund firm run by Dwight Anderson, bought stakes in International Paper Co. and Compton Petroleum Corp. in the third quarter and sold shares in General Electric Co...

KSK Power says enters partnership with GE
Indian power project developer and power plant operator KSK Power Ventur said on Thursday it had entered a strategic partnership with General Electric Co., which had made an equity investment

Southwestern Energy agrees to sell gas utility operations for $224M
Southwestern Energy (NYSE:SWN) Co. said late Wednesday it has agreed to sell its natural gas distribution business, Arkansas Western Gas Co., to SourceGas LLC, an affiliate of General Electric's (NYSE:GE) GE Energy Financial Services...

GE CEO says housing market tough
General Electric Co. CEO Jeff Immelt reiterated on Wednesday that the global economy was strong despite a tough housing market and scotched speculation that his company might sell

UPDATE: GE CEO Sees 2007 Revenue At $175 Billion, Profit At $23 Billion
General Electric Co. (GE) Chief Executive Jeffrey Immelt Wednesday said the company expects to have revenue of $175 billion this year, with a profit of $23 billion

General Electric seeks to participate in Turkey's nuclear power programme
General Electric (NYSE:GE) Co expressed an interest in participating in Turkey's nascent nuclear power programme following the Turkish parliament's recent adoption of a law that authorises the construction of the first nuclear power

Poland's Bank BPH to merge operations with GE Money by end 2008 - CEO
Poland's third biggest lender Bank BPH expects the legal side of its sale to GE (NYSE:GE) Money to be completed in the first quarter and said it should be fully integrated with the US-owned bank's operations by the of 2008...

UPDATE 1-GE aviation trust postpones Singapore IPO
aircraft leasing trust backed by a unit of General Electric said on Wednesday it has delayed its planned Singapore initial public offering due to market volatility...

DAE Capital buys 20 planes from GECAS for 1 bln usd, 8 Airbus planes for 500 mln
Dubai Aerospace Enterprise unit DAE Capital said it has signed a contract to buy 20 small airplanes from General Electric Co's (NYSE:GE) aircraft leasing company General Electric Commercial Aviation Services (GECAS) for 1 bln usd, at the Dubai air show...

GE/Snecma Joint Venture Gets $95 Million CFM56-7 Billion Engine Order
CFM International, a joint venture between General Electric Co. (GE) and Safran SA's Snecma unit, received an engine order from transavia.com valued at $ 95 million...

BASF buys remaining shares in JV engineering plastics with SABIC
BASF AG said it agreed with Saudi Basic Industries Corp (SABIC) to buy all shares in the two companies' engineering plastics joint venture BASF GE (NYSE:GE) Schwarzheide GmbH & Co KG to fully benefit from rising demand for its products...

AIRSHOW-Dubai Aerospace in $1.5 bln orders from GE, Emirates
DUBAI, Nov 13 (Reuters) - State-owned Dubai Aerospace Enterprise (DAE) said on Tuesday it had signed deals to buy and lease $1.5 billion worth of aircraft from General Electric...