GE Money may drop out of UK store card market
Financial giant, GE Finance, has the monopoly of the UK store card market, with responsibility for over 50% of store cards in the UK. Amongst the store cards for which GE Money is responsible are Debenhams, TopShop, Dorothy Perkins, House of Fraser, and many others...
MMC Energy to acquire two turbines from GE Packaged Power for $31M
MMC Energy (NASDAQ:MMCE) Inc. Tuesday agreed to buy two natural gas-fired turbines from GE (NYSE:GE) Packaged Power Inc., a subsidiary of General Electric Co., for about $31 million...
Lloyd Trotter of GE Leaving to Join Private Equity Firm
GE’s top-ranking African American executive, Vice Chairman Lloyd G. Trotter, 62, is closing the door on his nearly 40-year tenure with the company to become a general partner with New York-based private equity firm GenNx360 Capital Partners...
GE's revenues from Middle East and Africa rocket 45% to $8b
Dubai: General Electric Company (GE) said its revenues from the Middle East and Africa region reached $8 billion last year, up 45 per cent compared with revenues in 2006...
Wizard not affected by GE’s Indian sale
Wizard Home Loans’ overseas offshoot, Wizard International, will not face any changes to its business as a consequence of GE Money’s decision to sell a buyer for its consumer finance and personal loan business in the Indian market...
Horizon Wind Energy to buy 201 wind turbines from GE Energy
Horizon Wind Energy LLC plans on buying 201 wind turbines from GE Energy. The turbines are scheduled to be shipped in 2010...
GE Aviation holds grand opening
GE Aviation’s expanded facility at the Powerhouse Building in Houghton sends a message to graduates, officials said: They won’t have to choose between the area and a decent wage...
GE Energy to supply wind power turbines to EDP's unit Horizon
EDP Energias de Portugal SA said its US-based renewables unit Horizon Wind Energy has signed a contract under which GE (NYSE:GE) Energy will supply and maintain wind power turbines for future US projects...
GE Energy to supply wind power turbines to EDP's unit Horizon
EDP Energias de Portugal SA said its US-based renewables unit Horizon Wind Energy has signed a contract under which GE Energy will supply and maintain wind power turbines for future US projects...
GE Money seeks partner for India loan biz
GE Money India, consumer finance arm of US conglomerate General Electric, on Tuesday said it is seeking a partner for its personal loan and mortgage business, but debunked reports about the entire firm being on the block...
Thursday, January 31, 2008
Recent News: GE Healthcare, Plant Closing, GE Oil & Gas, GE Money in India, Tenaris, and GE Energy
GE Healthcare to provide imaging equipment for hospitals in MEA
Dubai: GE Healthcare, the $17 billion healthcare and life sciences solutions business of General Electric, on Monday signed a memorandum of understanding (MoU) with Saudi German Hospitals Group (SGH), to provide diagnostic imaging equipment for non-profit hospitals in the Middle East and Africa (MEA)....
GE Niles Closing Early
Company officials have told us that about fifty people will lose their jobs on February 22nd because of too much inventory...
GE Business Plans Tenaris Purchase
GE Oil & Gas, a GE business, has entered into an agreement to acquire the Hydril pressure control business from Tenaris (NYSE: TS). The closing of the transaction, which is subject to conditions including the receipt of governmental and regulatory approvals, is expected in the upcoming months....
GE Money may sell its India business
General Electric has put its Indian unit of consumer finance company GE Money on the block. Investment bank Morgan Stanley has been given the mandate to find a strategic partner, sources familiar with the transaction told ET. A senior industry source said finance companies, both Indian and foreign, have already been approached by Morgan Stanley. Prominent among them are ADAG group company Reliance Capital and domestic financial major Indiabulls, senior industry officials said...
3rd UPDATE: GE Buys Part Of Tenaris' Hydril For $1.115 Billion
Steel-tube maker Tenaris SA (TS) agreed Monday to sell its Hydril pressure-control business to General Electric Co. (GE) for $ 1.115 billion on a debt-free basis...
Coca-Cola Hellenic contracts with GE Energy
GE Energy has landed a contract to provide 19 Jenbacher gas engine cogeneration units to ContourGlobal, which will then install the systems at Coca-Cola Hellenic Bottling Co. sites across Europe....
GE will close Niles plant earlier than first announced
General Electric is shutting down its Niles Glass Plant about eight months earlier than had been announced...
Dubai: GE Healthcare, the $17 billion healthcare and life sciences solutions business of General Electric, on Monday signed a memorandum of understanding (MoU) with Saudi German Hospitals Group (SGH), to provide diagnostic imaging equipment for non-profit hospitals in the Middle East and Africa (MEA)....
GE Niles Closing Early
Company officials have told us that about fifty people will lose their jobs on February 22nd because of too much inventory...
GE Business Plans Tenaris Purchase
GE Oil & Gas, a GE business, has entered into an agreement to acquire the Hydril pressure control business from Tenaris (NYSE: TS). The closing of the transaction, which is subject to conditions including the receipt of governmental and regulatory approvals, is expected in the upcoming months....
GE Money may sell its India business
General Electric has put its Indian unit of consumer finance company GE Money on the block. Investment bank Morgan Stanley has been given the mandate to find a strategic partner, sources familiar with the transaction told ET. A senior industry source said finance companies, both Indian and foreign, have already been approached by Morgan Stanley. Prominent among them are ADAG group company Reliance Capital and domestic financial major Indiabulls, senior industry officials said...
3rd UPDATE: GE Buys Part Of Tenaris' Hydril For $1.115 Billion
Steel-tube maker Tenaris SA (TS) agreed Monday to sell its Hydril pressure-control business to General Electric Co. (GE) for $ 1.115 billion on a debt-free basis...
Coca-Cola Hellenic contracts with GE Energy
GE Energy has landed a contract to provide 19 Jenbacher gas engine cogeneration units to ContourGlobal, which will then install the systems at Coca-Cola Hellenic Bottling Co. sites across Europe....
GE will close Niles plant earlier than first announced
General Electric is shutting down its Niles Glass Plant about eight months earlier than had been announced...
Recent News: Job Cuts, Dredging, Emirates Aluminum, and Digital Cameras
Niles GE plant cut jobs
Some 57 hourly workers at General Electric Co.’s Niles Glass plant will be out of work when the plant ends production Feb. 22, a company spokeswoman said...
GE's plan for less dredging is approved
Federal regulators have approved a General Electric proposal that calls for dredging far less Hudson River sediment upstate than originally planned as the company cleans up toxic PCBs...
EMAL supplies GE with Power
Emirates Aluminium Company Limited (EMAL) has awarded its Power Island contract to General Electrical (GE) International Operations Company...
Pre-PMA: Blink detection leads new GE camera features
General Imaging, the worldwide exclusive licensee for GE digital cameras, announced the next generation of GE digital cameras for 2008. Nine all-new models will offer an exciting assortment of additional features, including smile detection, blink detection, upgraded lenses, and LCD screens that adjust to changes in ambient light. One new model, the E1050, makes photography even more fun, adding HDTV, touch-screen and GPS capability...
Some 57 hourly workers at General Electric Co.’s Niles Glass plant will be out of work when the plant ends production Feb. 22, a company spokeswoman said...
GE's plan for less dredging is approved
Federal regulators have approved a General Electric proposal that calls for dredging far less Hudson River sediment upstate than originally planned as the company cleans up toxic PCBs...
EMAL supplies GE with Power
Emirates Aluminium Company Limited (EMAL) has awarded its Power Island contract to General Electrical (GE) International Operations Company...
Pre-PMA: Blink detection leads new GE camera features
General Imaging, the worldwide exclusive licensee for GE digital cameras, announced the next generation of GE digital cameras for 2008. Nine all-new models will offer an exciting assortment of additional features, including smile detection, blink detection, upgraded lenses, and LCD screens that adjust to changes in ambient light. One new model, the E1050, makes photography even more fun, adding HDTV, touch-screen and GPS capability...
Wednesday, January 30, 2008
Recent News: Superalloys, GE Energy in China, Romania, Cameras, GE Real Estate in Germany and Japan, Invenergy, and GE Commercial Finance
GE develops new superalloys to reduce use of rare rhenium
General Electric is about to begin engine testing of new nickel superalloys designed to reduce its use of rhenium, a rare metal that has increased 10-fold in price in recent years as demand has increased....
GE Energy Opens New Facility In Shanghai
The environmental services business of Atlanta-based GE Energy has established a new facility in Shanghai in order to better serve its customers in the area. The facility, which consolidates several operations at other locations, consists of 7,000 square meters of laboratories, office space and production facilities...
Metka, GE JV preferred bidders for Romania plant
Greek construction company Metka and its joint venture partner General Electric made the lowest bid to build a power station in Romania, the Greek company said on Wednesday...
UPDATE 1-Spain's Colonial opens books to GE
Spanish property firm Inmobiliaria Colonial said on Wednesday it had opened its books to GE Real Estate Iberia, a unit of GE, in preparation for a possible takeover bid...
GE announces second-gen cameras
General Electric has announced what will only be its second generation of digital cameras, due in the spring. All of them will feature blink and smile detection, delaying shots for the best expressions. At the top of the compacts will be the E series, led by the E1050 ($249), a 10-megapixel camera able to record 720p video at 30fps. Shooters can output the video to an HD display, and control various functions though a three-inch touchscreen. Its lens is capable of 5x optical zoom, and its light sensitivity extends to ISO 3200. An optional GPS receiver can geotag images...
GE Expands in Germany and Japan
Expanding its holdings on both sides of the globe, GE Real Estate has inked major deals in Europe and Asia. In a $98-million transaction, GE Real Estate Germany has acquired a portfolio of seven mixed-used assets from a private individual. And GE Real Estate in Japan has launched a new business to develop “Ecomagination” condos, in a partnership with Meiho Enterprise Co...
GE Energy announces $1B-plus agreement with Invenergy
...Under the deal, GE Energy, based in Atlanta, will deliver 400 of its 1.5 megawatt wind turbines to Chicago-based Invenergy for projects in North America, and 200 megawatts, or 80 turbines, for projects in Europe...
GE’s second round brings nine new cameras
Now that General Imaging has a year under its belt the company is more than doubling the lineup of digital cameras offering nine new models this year at PMA 2008. This brings the total count to 15 giving more options in features and pricing with the familiar GE branding...
Dayton Superior Extends Commitment From GE Commercial Finance For Debt Refinancing To February 29, 2008
Dayton Superior Corp. announced that it has extended its commitment from GE Commercial Finance for debt refinancing of $250 million to February 29, 2008. The company expects to complete refinancing prior to that date. The commitment consists of new $150 million revolving credit facility and a new $100 million term loan...
General Electric is about to begin engine testing of new nickel superalloys designed to reduce its use of rhenium, a rare metal that has increased 10-fold in price in recent years as demand has increased....
GE Energy Opens New Facility In Shanghai
The environmental services business of Atlanta-based GE Energy has established a new facility in Shanghai in order to better serve its customers in the area. The facility, which consolidates several operations at other locations, consists of 7,000 square meters of laboratories, office space and production facilities...
Metka, GE JV preferred bidders for Romania plant
Greek construction company Metka and its joint venture partner General Electric made the lowest bid to build a power station in Romania, the Greek company said on Wednesday...
UPDATE 1-Spain's Colonial opens books to GE
Spanish property firm Inmobiliaria Colonial said on Wednesday it had opened its books to GE Real Estate Iberia, a unit of GE, in preparation for a possible takeover bid...
GE announces second-gen cameras
General Electric has announced what will only be its second generation of digital cameras, due in the spring. All of them will feature blink and smile detection, delaying shots for the best expressions. At the top of the compacts will be the E series, led by the E1050 ($249), a 10-megapixel camera able to record 720p video at 30fps. Shooters can output the video to an HD display, and control various functions though a three-inch touchscreen. Its lens is capable of 5x optical zoom, and its light sensitivity extends to ISO 3200. An optional GPS receiver can geotag images...
GE Expands in Germany and Japan
Expanding its holdings on both sides of the globe, GE Real Estate has inked major deals in Europe and Asia. In a $98-million transaction, GE Real Estate Germany has acquired a portfolio of seven mixed-used assets from a private individual. And GE Real Estate in Japan has launched a new business to develop “Ecomagination” condos, in a partnership with Meiho Enterprise Co...
GE Energy announces $1B-plus agreement with Invenergy
...Under the deal, GE Energy, based in Atlanta, will deliver 400 of its 1.5 megawatt wind turbines to Chicago-based Invenergy for projects in North America, and 200 megawatts, or 80 turbines, for projects in Europe...
GE’s second round brings nine new cameras
Now that General Imaging has a year under its belt the company is more than doubling the lineup of digital cameras offering nine new models this year at PMA 2008. This brings the total count to 15 giving more options in features and pricing with the familiar GE branding...
Dayton Superior Extends Commitment From GE Commercial Finance For Debt Refinancing To February 29, 2008
Dayton Superior Corp. announced that it has extended its commitment from GE Commercial Finance for debt refinancing of $250 million to February 29, 2008. The company expects to complete refinancing prior to that date. The commitment consists of new $150 million revolving credit facility and a new $100 million term loan...
Recent News: GE Energy, Lawsuit, Bloomington Plant, Management Secrets, PCBs, GE Aviation, France, and Jack Welch
GE Energy secures $1bn wind turbine order
GE Energy, the energy arm of engineering conglomerate GE, has this week closed a $1bn wind turbine deal with wind farm operator Invenergy LLC in one of the largest deals in the wind sectors' history...
GE lawyer wins first round of $500m sexism case
A high-flying former in-house lawyer at General Electric, the world’s third-largest company, has won the first key round of her $500 million class-action sex discrimination claim...
GE site has promise for reuse, experts say
Plenty of potential exists to refill the massive refrigerator plant in Bloomington that General Electric Co. plans to abandon by the end of next year, according to a real estate expert and a former economic development director in the city...
Management Secrets From Inside GE
Few companies can boast the performance of General Electric, one of the world's most consistently profitable enterprises. One of the top reasons is talent. GE recruits the brightest minds it can find and relentlessly cultivates its leaders, training them at its legendary in-house management school, known as Crotonville (for its location north of New York City). In addition to world-class CEOs like Jeff Immelt and his predecessor, Jack Welch, the GE system has produced numerous executives who have left to run other well-known companies. Jim McNerny of Boeing, Chrysler's Bob Nardelli, and Dave Calhoun of the Nielsen Co., for instance, are three GE alumni...
GE sets meeting on PCBs
General Electric and environmental regulators are expected to unveil a massive report detailing GE's proposed cleanup for the Housatonic River at a Lee meeting in March...
GE Unit to Build Turbos for French Subs
GE Oil & Gas, a unit of General Electric Co., said Friday it received a contract from a French naval defense systems company to provide the turbo-generators and propulsion turbines for the French Navy's new fleet of six nuclear submarines...
GE Aviation lands in Houghton
The new tenants of the Powerhouse building in Houghton will celebrate their arrival with a ceremony at the site 11 a.m. Monday.The Evendale, Ohio-based aircraft engine producer is launching a university development center, which is expected to employ 50 people in Houghton. Up to 40 of them are expected to go to engineering students from Michigan Tech University, who will work under senior technical specialists and junior graduate engineers...
Author says Welch's tough talk strengthened GE
Jack Welch transformed General Electric Co. from an old-economy manufacturer into a modern conglomerate, in part because of his insistence on a culture of straight talk, according to a new book by his former speechwriter....
GE Energy, the energy arm of engineering conglomerate GE, has this week closed a $1bn wind turbine deal with wind farm operator Invenergy LLC in one of the largest deals in the wind sectors' history...
GE lawyer wins first round of $500m sexism case
A high-flying former in-house lawyer at General Electric, the world’s third-largest company, has won the first key round of her $500 million class-action sex discrimination claim...
GE site has promise for reuse, experts say
Plenty of potential exists to refill the massive refrigerator plant in Bloomington that General Electric Co. plans to abandon by the end of next year, according to a real estate expert and a former economic development director in the city...
Management Secrets From Inside GE
Few companies can boast the performance of General Electric, one of the world's most consistently profitable enterprises. One of the top reasons is talent. GE recruits the brightest minds it can find and relentlessly cultivates its leaders, training them at its legendary in-house management school, known as Crotonville (for its location north of New York City). In addition to world-class CEOs like Jeff Immelt and his predecessor, Jack Welch, the GE system has produced numerous executives who have left to run other well-known companies. Jim McNerny of Boeing, Chrysler's Bob Nardelli, and Dave Calhoun of the Nielsen Co., for instance, are three GE alumni...
GE sets meeting on PCBs
General Electric and environmental regulators are expected to unveil a massive report detailing GE's proposed cleanup for the Housatonic River at a Lee meeting in March...
GE Unit to Build Turbos for French Subs
GE Oil & Gas, a unit of General Electric Co., said Friday it received a contract from a French naval defense systems company to provide the turbo-generators and propulsion turbines for the French Navy's new fleet of six nuclear submarines...
GE Aviation lands in Houghton
The new tenants of the Powerhouse building in Houghton will celebrate their arrival with a ceremony at the site 11 a.m. Monday.The Evendale, Ohio-based aircraft engine producer is launching a university development center, which is expected to employ 50 people in Houghton. Up to 40 of them are expected to go to engineering students from Michigan Tech University, who will work under senior technical specialists and junior graduate engineers...
Author says Welch's tough talk strengthened GE
Jack Welch transformed General Electric Co. from an old-economy manufacturer into a modern conglomerate, in part because of his insistence on a culture of straight talk, according to a new book by his former speechwriter....
Recent News: GE Healthcare, M&A, Lawsuit, EPA, and Climate-Change Costs
GE Healthcare teams with Centrak to introduce battery-based RFID asset optimization solution
GE Healthcare today announced a predominantly battery-operated radio frequency ID (RFID) tracking system in partnership with CenTrak, Inc. of Newtown, PA. The new asset optimization solution, an innovative introduction to the marketplace, will enable healthcare facilities to reduce installation barriers and costs, compared to current RFID systems, thereby serving them to maximize return-on-investment (ROI) potential. In addition, the solution’s ability to accurately view locations at the room-level will enhance a hospital’s operational efficiency and improve overall patient care...
GE Healthcare Customers Realize Beauty of Science as Research to Be Published in Times Square
GE Healthcare, a leading global provider of automated high content analysis systems, will display winning entries from its IN Cell Analyzer(tm) Image Competition 2007 on the NBC screen in Times Square, New York on March 7 and 9, 2008...
Notable Mergers and Acquisitions of the Day 1/24 (ALY, BRNC, GE, GSIC)
Global Infrastructure Partners, a fund backed by GE and Credit Suisse Group is the new front runner in the potential buyout of U.K. waste management firm Biffa. Biffa says GIP has joined with Montagu Private Equity on the deal. TheDeal reported this news earlier this morning...
Business Books: Author says Welch's tough talk strengthened GE
Jack Welch transformed General Electric Co. from an old-economy manufacturer into a modern conglomerate, in part because of his insistence on a culture of straight talk, according to a new book by his former speechwriter...
GE attorney's class action lawsuit to go forward
A high-ranking attorney for General Electric Co. can go ahead with her class-action lawsuit against what she calls the "very male-dominated culture" in the international conglomerate, a federal judge has ruled...
EPA gives GE the OK to dredge less soil
General Electric is going to dredge one-third less of the volume of PCB-tainted soil in the Hudson River, but the company says a focus on the stretch between Troy and Northumberland will lead to the removal of two-thirds more of the chemical...
GE Can't Block Shareholder Vote On Climate-Change Costs
General Electric Co. (GE) cannot block shareholders from voting on a global-warming measure pushed by the Free Enterprise Action Fund, the Securities and Exchange Commission staff has decreed. The decision is a victory for the tiny mutual fund, which is demanding better corporate accountability regarding the cost of climate-change initiatives...
GE Healthcare today announced a predominantly battery-operated radio frequency ID (RFID) tracking system in partnership with CenTrak, Inc. of Newtown, PA. The new asset optimization solution, an innovative introduction to the marketplace, will enable healthcare facilities to reduce installation barriers and costs, compared to current RFID systems, thereby serving them to maximize return-on-investment (ROI) potential. In addition, the solution’s ability to accurately view locations at the room-level will enhance a hospital’s operational efficiency and improve overall patient care...
GE Healthcare Customers Realize Beauty of Science as Research to Be Published in Times Square
GE Healthcare, a leading global provider of automated high content analysis systems, will display winning entries from its IN Cell Analyzer(tm) Image Competition 2007 on the NBC screen in Times Square, New York on March 7 and 9, 2008...
Notable Mergers and Acquisitions of the Day 1/24 (ALY, BRNC, GE, GSIC)
Global Infrastructure Partners, a fund backed by GE and Credit Suisse Group is the new front runner in the potential buyout of U.K. waste management firm Biffa. Biffa says GIP has joined with Montagu Private Equity on the deal. TheDeal reported this news earlier this morning...
Business Books: Author says Welch's tough talk strengthened GE
Jack Welch transformed General Electric Co. from an old-economy manufacturer into a modern conglomerate, in part because of his insistence on a culture of straight talk, according to a new book by his former speechwriter...
GE attorney's class action lawsuit to go forward
A high-ranking attorney for General Electric Co. can go ahead with her class-action lawsuit against what she calls the "very male-dominated culture" in the international conglomerate, a federal judge has ruled...
EPA gives GE the OK to dredge less soil
General Electric is going to dredge one-third less of the volume of PCB-tainted soil in the Hudson River, but the company says a focus on the stretch between Troy and Northumberland will lead to the removal of two-thirds more of the chemical...
GE Can't Block Shareholder Vote On Climate-Change Costs
General Electric Co. (GE) cannot block shareholders from voting on a global-warming measure pushed by the Free Enterprise Action Fund, the Securities and Exchange Commission staff has decreed. The decision is a victory for the tiny mutual fund, which is demanding better corporate accountability regarding the cost of climate-change initiatives...
Wednesday, January 23, 2008
Recent News: Analyst notes on earnings, Jet Engine oreders in China, NBC, New Facility, GE Antares, Spain's Colonial, and GE Energy.
GE Poised to Gain, Analyst Says
Shares of General Electric Co. rose Tuesday, as an analyst remained upbeat about the company's fourth-quarter results and said the conglomerate should withstand a softening U.S. economy...
GE has $5B in Chinese jet-engine backlog
Industrial conglomerate General Electric Co. said Tuesday its backlog for jet engine orders in China has climbed to about $5 billion...
Felons On The Air: Does GE's Ownership of NBC Violate the Law?
General Electric's ownership of the NBC TV network has been in the news in recent months. As Extra! went to press, companies like Time Warner, Disney, ITT and Turner Broadcasting have reportedly been negotiating to either buy NBC outright or enter into some kind of partnership with GE. But a little-noted aspect of communications law raises questions about GE'sownership of NBC's broadcast licenses -- and its ability to sell those licenses to another company...
GE opens new Skaneateles Falls facility
GE Sensing & Inspection Technologies opened its new, $6-million Skaneateles Falls facility Monday. About 165 GE employees will be employed at the plant, which is located at 721 Visions Drive...
GE Antares Provides C$62MM Senior Secured Credit Facility to one of Largest Privately Owned Providers of Transportation and Logistics in Canada
GE Antares today announced it served as administrative agent for a C$62 million senior secured credit facility to support the acquisition of Consolidated Fastfrate Inc., Canada Drayage Inc., and Koch Transport (together, "Fastfrate") by Fenway Partners and management. The facility, consisting of a term loan and revolver, was used to complete the target acquisitions and provide for future working capital needs. GE Capital Markets Canada served as lead arranger...
GE Aviation: 2007 China jet engine orders top $1B at list prices
General Electric Co.'s GE (NYSE:GE) Aviation and CFM International, GE's 50/50 joint company with Safran Group of France, said Tuesday that combined jet engine orders in China in 2007 surpassed more than 420 engines...
Spain's Colonial says to consider GE bid
Spanish property firm Inmobiliaria Colonial said on Tuesday its board will meet on Wednesday to consider an unsolicited bid approach from GE Real Estate Iberia, a unit of GE...
GE Energy, Invenergy In 800 Megawatt Wind Turbine Pact
GE Energy agreed to supply Invenergy LLC with 800 megawatts of wind turbines, enough power to meet the requirements of 275,000 households, in a deal valued at more than $1 billion...
Shares of General Electric Co. rose Tuesday, as an analyst remained upbeat about the company's fourth-quarter results and said the conglomerate should withstand a softening U.S. economy...
GE has $5B in Chinese jet-engine backlog
Industrial conglomerate General Electric Co. said Tuesday its backlog for jet engine orders in China has climbed to about $5 billion...
Felons On The Air: Does GE's Ownership of NBC Violate the Law?
General Electric's ownership of the NBC TV network has been in the news in recent months. As Extra! went to press, companies like Time Warner, Disney, ITT and Turner Broadcasting have reportedly been negotiating to either buy NBC outright or enter into some kind of partnership with GE. But a little-noted aspect of communications law raises questions about GE'sownership of NBC's broadcast licenses -- and its ability to sell those licenses to another company...
GE opens new Skaneateles Falls facility
GE Sensing & Inspection Technologies opened its new, $6-million Skaneateles Falls facility Monday. About 165 GE employees will be employed at the plant, which is located at 721 Visions Drive...
GE Antares Provides C$62MM Senior Secured Credit Facility to one of Largest Privately Owned Providers of Transportation and Logistics in Canada
GE Antares today announced it served as administrative agent for a C$62 million senior secured credit facility to support the acquisition of Consolidated Fastfrate Inc., Canada Drayage Inc., and Koch Transport (together, "Fastfrate") by Fenway Partners and management. The facility, consisting of a term loan and revolver, was used to complete the target acquisitions and provide for future working capital needs. GE Capital Markets Canada served as lead arranger...
GE Aviation: 2007 China jet engine orders top $1B at list prices
General Electric Co.'s GE (NYSE:GE) Aviation and CFM International, GE's 50/50 joint company with Safran Group of France, said Tuesday that combined jet engine orders in China in 2007 surpassed more than 420 engines...
Spain's Colonial says to consider GE bid
Spanish property firm Inmobiliaria Colonial said on Tuesday its board will meet on Wednesday to consider an unsolicited bid approach from GE Real Estate Iberia, a unit of GE...
GE Energy, Invenergy In 800 Megawatt Wind Turbine Pact
GE Energy agreed to supply Invenergy LLC with 800 megawatts of wind turbines, enough power to meet the requirements of 275,000 households, in a deal valued at more than $1 billion...
Tuesday, January 22, 2008
Recent News: Solar, Water, Ecomagination, Bloomington, GE Money, New Facility, and Biffa.
Low cost, nano-based solar cell from GE
January 22, 2008 GE Global Research, has demonstrated a scalable silicon nanowire-based solar cell, which has the potential to achieve up to 18% efficiency. The breakthrough by the lab’s Nano Photovoltaics (PV) team is a promising new development in making PV systems more economically viable for consumers than conventional solar options...
Student accused of theft from GE plant claims he got busy and didn't send cheque to finance office
An Oshawa co-op student has been charged with theft after equipment from GE Canada was stolen and sold, city police said...
Water business helps spur GE results
Water treatment was among the “big-ticket” businesses that helped General Electric Co. (GE) report record fourth quarter and full-year 2007 financial results, news organizations and the company reported over the weekend...
Pilgrim’s Pride Earns GE Ecomagination Award for Reducing Greenhouse Gas Emissions, Waste Solids and Water Use
Pilgrim’s Pride Corporation (NYSE:PPC), the largest chicken company in the U.S., today received a 2008 ecomagination leadership award from GE Water & Process Technologies, a unit of General Electric Company (NYSE:GE), for achieving reductions in greenhouse gas emissions, waste solids, and water usage at its El Dorado, Arkansas facility. Presented at a general meeting of Pilgrim’s Pride executives in Atlanta, Georgia, the ecomagination award honors the company for achieving nearly $500,000 in annual operational savings and numerous environmental benefits...
Nonprofit organizations would be hit hard by loss of GE
The potential loss of Bloomington's General Electric plant may have repercussions throughout the area nonprofit community...
UK Biffa has approach from GE-backed fund: sources
British waste-collection firm Biffa has received a counter-approach worth around 1.5 billion pounds ($3 billion) from a fund backed by General Electric, said sources familiar with the matter...
GE Money Reports 650,000 Customers’ Data Lost
GE Money representatives officially announced on Friday that a backup tape containing the personal data of 650,000 customers has been reported missing since October2007 from an Iron Mountain storage facility. According to Iron Mountain representatives, no personal data appears to have been compromised so far, and this could just be a case of misplacement...
GE Opens New Facility in Skaneateles, New York
Today, GE Sensing & Inspection Technologies opens its new facility at 721 Visions Drive, Skaneateles, N.Y. An estimated 165 GE employees will be employed in the plant, which designs and manufactures remote visual inspection equipment for non-destructive testing in the aerospace, oil & gas and power generation industries...
UK Biffa has approach from GE-backed fund -sources
British waste-collection firm Biffa has received a counter-approach worth around 1.5 billion pounds ($3 billion) from a fund backed by General Electric, said sources familiar with the matter...
January 22, 2008 GE Global Research, has demonstrated a scalable silicon nanowire-based solar cell, which has the potential to achieve up to 18% efficiency. The breakthrough by the lab’s Nano Photovoltaics (PV) team is a promising new development in making PV systems more economically viable for consumers than conventional solar options...
Student accused of theft from GE plant claims he got busy and didn't send cheque to finance office
An Oshawa co-op student has been charged with theft after equipment from GE Canada was stolen and sold, city police said...
Water business helps spur GE results
Water treatment was among the “big-ticket” businesses that helped General Electric Co. (GE) report record fourth quarter and full-year 2007 financial results, news organizations and the company reported over the weekend...
Pilgrim’s Pride Earns GE Ecomagination Award for Reducing Greenhouse Gas Emissions, Waste Solids and Water Use
Pilgrim’s Pride Corporation (NYSE:PPC), the largest chicken company in the U.S., today received a 2008 ecomagination leadership award from GE Water & Process Technologies, a unit of General Electric Company (NYSE:GE), for achieving reductions in greenhouse gas emissions, waste solids, and water usage at its El Dorado, Arkansas facility. Presented at a general meeting of Pilgrim’s Pride executives in Atlanta, Georgia, the ecomagination award honors the company for achieving nearly $500,000 in annual operational savings and numerous environmental benefits...
Nonprofit organizations would be hit hard by loss of GE
The potential loss of Bloomington's General Electric plant may have repercussions throughout the area nonprofit community...
UK Biffa has approach from GE-backed fund: sources
British waste-collection firm Biffa has received a counter-approach worth around 1.5 billion pounds ($3 billion) from a fund backed by General Electric, said sources familiar with the matter...
GE Money Reports 650,000 Customers’ Data Lost
GE Money representatives officially announced on Friday that a backup tape containing the personal data of 650,000 customers has been reported missing since October2007 from an Iron Mountain storage facility. According to Iron Mountain representatives, no personal data appears to have been compromised so far, and this could just be a case of misplacement...
GE Opens New Facility in Skaneateles, New York
Today, GE Sensing & Inspection Technologies opens its new facility at 721 Visions Drive, Skaneateles, N.Y. An estimated 165 GE employees will be employed in the plant, which designs and manufactures remote visual inspection equipment for non-destructive testing in the aerospace, oil & gas and power generation industries...
UK Biffa has approach from GE-backed fund -sources
British waste-collection firm Biffa has received a counter-approach worth around 1.5 billion pounds ($3 billion) from a fund backed by General Electric, said sources familiar with the matter...
Recent News: NBC, Spain, Biffa, Foreign Growth, GE Energy, Earnings, and Plant Closure.
Strike doesn't dim GE's Q4
The bottom line at NBC Universal during the fourth quarter was not damaged by the writers strike, and the same should hold true this quarter...
GE Studies Offer For Spain' Inmobiliaria Colonial -Report
General Electric Co. (GE) is studying a possible takeover offer on Spain's Inmobiliaria Colonial SA (COL.MC), which might spark a bidding war with France's Gecina (1004086.FR) for the Spanish real-estate company, reports Expansion in its Monday Internet edition...
GE-backed group makes 1.5 bln stg bid for Biffa - report
An investment group backed by General Electric Co has made an approach worth 1.5 bln stg for British waste collection group Biffa PLC, The Sunday Telegraph reported...
Foreign Growth Boosts GE’s 2007 Earnings
For the first time, overseas growth and revenue compromised more than half of General Electric Co. fourth-quarter earnings...
GE stocks are great buy, to best market
America’s largest industrial conglomerate ought to be a fairly reliable barometer for the economy and stock market. But General Electric Co. looks more like a contrarian indicator. Its robust fourth quarter results vindicate boss Jeff Immelt’s reshuffling of the portfolio to focus on businesses that can outpace the US economy. With a fat order book and a triple-A credit rating, GE looks all set to outperform the market. After the US market’s worst three-day plunge in five years, investors in equities were desperate for some good news. GE obliged. The maker of turbines and light bulbs delivered 17% earnings growth in the fourth quarter and reaffirmed its guidance for at least 10% growth this year....
Biffa gets approach from GE-backed fund: report
British waste collection firm Biffa has received a counter-approach worth around 1.5 billion pounds ($3 billion) from the infrastructure fund of one of the world's largest companies, General Electric, according to the Sunday Telegraph newspaper...
GE Energy to showcase efficient energy technologies at World Future of Energy Summit in Abu Dhabi
GE Energy, a leading supplier of power generation and energy delivery technologies, is showcasing its range of cleaner, reliable and more efficient energy technologies at the World Future of Energy Summit to be held from January 21 to 23, 2008, at the Abu Dhabi Exhibition Centre. GE will exhibit...
Open Letter to Leno, Maher and G.E. from your Anti-Censorship "Disruptors"
On Tuesday, January 15th, four free speech/fair election patriots visited the set of The Tonight Show with Jay Leno (and guest, Bill Maher, who was coincidentally appearing), to voice their displeasure over NBC, MSNBC and parent company General Electric's refusal to allow Congressman Dennis Kucinich to debate his fellow Democrats in MSNBC's...
GE Earnings Report: Great Numbers, Short Sermon
GE reported record 4Q and Full-Year Results for 2007; 4Q EPS up 17%; 18% for the Year 4Q Orders of $27 billion, up 18%; 4Q Revenues of $48.6 billion, up 18%; Infrastructure Segment Profit up 26%; Global Revenues up 27%. Additionally, if that was not good enough, they reaffirmed 2008 guidance...
INSIDE INDIANA BUSINESS column: GE plans to shut Bloomington operations
General Electric has announced it expects to close its Bloomington plant by the fourth quarter of 2009. The company says 837 hourly and 59 salaried workers would be affected by the closure. The company claims the plant loses about $45 million each year because of declining side-by-side refrigerator sales and rising material and labor costs...
The bottom line at NBC Universal during the fourth quarter was not damaged by the writers strike, and the same should hold true this quarter...
GE Studies Offer For Spain' Inmobiliaria Colonial -Report
General Electric Co. (GE) is studying a possible takeover offer on Spain's Inmobiliaria Colonial SA (COL.MC), which might spark a bidding war with France's Gecina (1004086.FR) for the Spanish real-estate company, reports Expansion in its Monday Internet edition...
GE-backed group makes 1.5 bln stg bid for Biffa - report
An investment group backed by General Electric Co has made an approach worth 1.5 bln stg for British waste collection group Biffa PLC, The Sunday Telegraph reported...
Foreign Growth Boosts GE’s 2007 Earnings
For the first time, overseas growth and revenue compromised more than half of General Electric Co. fourth-quarter earnings...
GE stocks are great buy, to best market
America’s largest industrial conglomerate ought to be a fairly reliable barometer for the economy and stock market. But General Electric Co. looks more like a contrarian indicator. Its robust fourth quarter results vindicate boss Jeff Immelt’s reshuffling of the portfolio to focus on businesses that can outpace the US economy. With a fat order book and a triple-A credit rating, GE looks all set to outperform the market. After the US market’s worst three-day plunge in five years, investors in equities were desperate for some good news. GE obliged. The maker of turbines and light bulbs delivered 17% earnings growth in the fourth quarter and reaffirmed its guidance for at least 10% growth this year....
Biffa gets approach from GE-backed fund: report
British waste collection firm Biffa has received a counter-approach worth around 1.5 billion pounds ($3 billion) from the infrastructure fund of one of the world's largest companies, General Electric, according to the Sunday Telegraph newspaper...
GE Energy to showcase efficient energy technologies at World Future of Energy Summit in Abu Dhabi
GE Energy, a leading supplier of power generation and energy delivery technologies, is showcasing its range of cleaner, reliable and more efficient energy technologies at the World Future of Energy Summit to be held from January 21 to 23, 2008, at the Abu Dhabi Exhibition Centre. GE will exhibit...
Open Letter to Leno, Maher and G.E. from your Anti-Censorship "Disruptors"
On Tuesday, January 15th, four free speech/fair election patriots visited the set of The Tonight Show with Jay Leno (and guest, Bill Maher, who was coincidentally appearing), to voice their displeasure over NBC, MSNBC and parent company General Electric's refusal to allow Congressman Dennis Kucinich to debate his fellow Democrats in MSNBC's...
GE Earnings Report: Great Numbers, Short Sermon
GE reported record 4Q and Full-Year Results for 2007; 4Q EPS up 17%; 18% for the Year 4Q Orders of $27 billion, up 18%; 4Q Revenues of $48.6 billion, up 18%; Infrastructure Segment Profit up 26%; Global Revenues up 27%. Additionally, if that was not good enough, they reaffirmed 2008 guidance...
INSIDE INDIANA BUSINESS column: GE plans to shut Bloomington operations
General Electric has announced it expects to close its Bloomington plant by the fourth quarter of 2009. The company says 837 hourly and 59 salaried workers would be affected by the closure. The company claims the plant loses about $45 million each year because of declining side-by-side refrigerator sales and rising material and labor costs...
Recent News: Plant Closing, Economy, Earnings, GE Money, Ecomagination, GE Healthcare, and Biffa
GE plans to close Bloomington plant
General Electric said Thursday it plans to close its Bloomington refrigeration plant by the fourth quarter of 2009 due to losses of about $45 million last year and an expectation of similar losses this year...
GE brings market to life
A $600 or $800 check from the government won't pay for a jet engine or a power plant. But to the extent that GE is seen as a proxy for the broader economy, efforts to revive consumer confidence can only be beneficial to the company...
U.S. Stocks Decline, Led by Financial Shares; Sprint Tumbles
U.S. stocks fell, sending the Standard & Poor's 500 Index to its biggest weekly loss in five years, on concern President George W. Bush's $150 billion plan to revive the economy will fail to prevent a recession...
Local GE unit's 2007 profit rises 7 percent
General Electric Co. fourth-quarter net income rose to $6.7 billion, or 66 cents per share, from $6.4 billion, or 62 cents per share, a year ago...
GE Money Backup Tape With 650,000 Records Missing At Iron Mountain
Really, companies -- and Iron Mountain -- could do better. Iron Mountain can't find a backup tape belonging to GE Money that contains the personal information of some 650,000 customers of J.C. Penney and about 100 other retailers. GE Money handles credit card processing for the affected retailers...
GE to light up Land Tejas development
Land Tejas Cos., developer of Houston's Canyon Gate Communities, and General Electric have finalized an agreement to build Houston's first master-planned community to incorporate GE's ecomagination program...
Earnings roundup: Johnson Controls, GE
General Electric Co. delivered some cheer Friday to investors worried about a slowing economy, saying its quarterly profit rose 4 percent and reaffirming its outlook for 2008...
DJIA Leaders & Laggards: VZ GE
On the rising side, shares of conglomerate General Electric Co. rose $1.10, or 3.3 percent, to $34.31, after GE reported a 4 percent higher fourth-quarter profit...
Upbeat GE seeks targets in credit squeeze
General Electric yesterday sought to position itself as a safe haven in troubled times, saying that its global operations, low-cost base and strong credit rating would help it weather the credit squeeze and a weakening US economy...
GE studying bid for Spain's Colonial - report
U.S. conglomerate General Electric is studying a possible offer for troubled Spanish real estate firm Colonial newspaper Expansion reported on Saturday, quoting sources close to the deal...
GE Healthcare profits down 4 percent
Profits for General Electric Co.'s GE Healthcare division declined 4 percent in the fourth quarter because of ongoing production issues with a Utah subsidiary and a new federal law that GE says is continuing to put pressure on the medical imaging industry...
GE seeks to bag Biffa with £1.5bn offer
An Investment group backed by General Electric, one of the world's largest companies, has made a counter-approach worth about £1.5bn for Biffa, the British waste collection group...
General Electric said Thursday it plans to close its Bloomington refrigeration plant by the fourth quarter of 2009 due to losses of about $45 million last year and an expectation of similar losses this year...
GE brings market to life
A $600 or $800 check from the government won't pay for a jet engine or a power plant. But to the extent that GE is seen as a proxy for the broader economy, efforts to revive consumer confidence can only be beneficial to the company...
U.S. Stocks Decline, Led by Financial Shares; Sprint Tumbles
U.S. stocks fell, sending the Standard & Poor's 500 Index to its biggest weekly loss in five years, on concern President George W. Bush's $150 billion plan to revive the economy will fail to prevent a recession...
Local GE unit's 2007 profit rises 7 percent
General Electric Co. fourth-quarter net income rose to $6.7 billion, or 66 cents per share, from $6.4 billion, or 62 cents per share, a year ago...
GE Money Backup Tape With 650,000 Records Missing At Iron Mountain
Really, companies -- and Iron Mountain -- could do better. Iron Mountain can't find a backup tape belonging to GE Money that contains the personal information of some 650,000 customers of J.C. Penney and about 100 other retailers. GE Money handles credit card processing for the affected retailers...
GE to light up Land Tejas development
Land Tejas Cos., developer of Houston's Canyon Gate Communities, and General Electric have finalized an agreement to build Houston's first master-planned community to incorporate GE's ecomagination program...
Earnings roundup: Johnson Controls, GE
General Electric Co. delivered some cheer Friday to investors worried about a slowing economy, saying its quarterly profit rose 4 percent and reaffirming its outlook for 2008...
DJIA Leaders & Laggards: VZ GE
On the rising side, shares of conglomerate General Electric Co. rose $1.10, or 3.3 percent, to $34.31, after GE reported a 4 percent higher fourth-quarter profit...
Upbeat GE seeks targets in credit squeeze
General Electric yesterday sought to position itself as a safe haven in troubled times, saying that its global operations, low-cost base and strong credit rating would help it weather the credit squeeze and a weakening US economy...
GE studying bid for Spain's Colonial - report
U.S. conglomerate General Electric is studying a possible offer for troubled Spanish real estate firm Colonial newspaper Expansion reported on Saturday, quoting sources close to the deal...
GE Healthcare profits down 4 percent
Profits for General Electric Co.'s GE Healthcare division declined 4 percent in the fourth quarter because of ongoing production issues with a Utah subsidiary and a new federal law that GE says is continuing to put pressure on the medical imaging industry...
GE seeks to bag Biffa with £1.5bn offer
An Investment group backed by General Electric, one of the world's largest companies, has made a counter-approach worth about £1.5bn for Biffa, the British waste collection group...
Friday, January 18, 2008
Recent News: Earnings, GE Energy (Wind), GE Plant to Close, Options Update, GE Transportation, and Uranium (Nuclear Power)
Foolish Forecast: Will GE Change the Channel?
Friday morning brings a highly charged earnings report from General Electric. The omninational conglomerate will tell us how fiscal 2007 turned out. See why our readers called the peacock the second best stock to own in 2008 -- ahead of Buffalo Wild Wings but after Apple -- and then come back for a deeper look at the numbers and community consent....
GE Energy installs more than 2.3 gigawatts of new wind capacity in 2007
General Electric Co.'s GE Energy on Thursday said it stalled more than 2.3 gigawatts of additional wind capacity in 2007, nearly matching the total installed by the entire U.S. wind industry in 2006...
GE announces intent to close
GE announced today its intent to close the Bloomington plant by the fourth quarter of 2009...
Options Update: General Electric (GE), CBOE VIX & Washington Mutual (WM)...
GE volatility is at six-year highs into EPS and outlook. GE is expected to report Q4 EPS of $.68 on January 18th according to Thomson First Call. GE January 32.5 straddle is priced at $1.46. GE February option implied volatility of 34 is above its 26-week average of 25, suggesting larger risk...
Bloomington GE closing does not affect Appliance Park
Today, we announced our intent to close our side-by-side refrigeration production facility in Bloomington, Indiana, no later than fourth quarter 2009. The Bloomington operation loses about $45 million annually due to declining sales and product-selling prices and increased material, operation and labor costs. Despite the hard work and dedication of the union and employees, it does not make good business sense to invest or continue operations at the Bloomington facility in this environment...
GE plans to close Bloomington refrigerator plant
General Electric Co. plans to close its refrigerator plant in Bloomington, Ind., by the fourth quarter of 2009. The plant employs 837 hourly workers and 59 salaried workers, according to a news release. Last year, the operation lost about $45 million, and losses are expected to continue at the same pace, the release said...
GE Plans Partnerships With Uranium Miners for Nuclear
General Electric Co., the world's biggest maker of power-generation equipment, plans to form partnerships with uranium companies to develop its nuclear business and improve access to the fuel that runs reactors...
Erie monsters are this year’s GE favourite
If the General Electric juggernaut has been looking a little worse for wear lately, one part of the US industrial conglomerate that shows few signs of heading into the sidings is its transportation business, based in the unfashionable town of Erie, northern Pennsylvania....
Friday's Focus On GE Earnings
U.S. economy bellwether General Electric is set to be Friday's earnings focus, as the conglomerate is due to issue its fourth-quarter report prior to the market opening. Wall Street is expecting 64 cents in earnings per share, which would be a 6% increase over the similar period in 2006. Shares of Dow component GE fell 3.9% Thursday...
Friday morning brings a highly charged earnings report from General Electric. The omninational conglomerate will tell us how fiscal 2007 turned out. See why our readers called the peacock the second best stock to own in 2008 -- ahead of Buffalo Wild Wings but after Apple -- and then come back for a deeper look at the numbers and community consent....
GE Energy installs more than 2.3 gigawatts of new wind capacity in 2007
General Electric Co.'s GE Energy on Thursday said it stalled more than 2.3 gigawatts of additional wind capacity in 2007, nearly matching the total installed by the entire U.S. wind industry in 2006...
GE announces intent to close
GE announced today its intent to close the Bloomington plant by the fourth quarter of 2009...
Options Update: General Electric (GE), CBOE VIX & Washington Mutual (WM)...
GE volatility is at six-year highs into EPS and outlook. GE is expected to report Q4 EPS of $.68 on January 18th according to Thomson First Call. GE January 32.5 straddle is priced at $1.46. GE February option implied volatility of 34 is above its 26-week average of 25, suggesting larger risk...
Bloomington GE closing does not affect Appliance Park
Today, we announced our intent to close our side-by-side refrigeration production facility in Bloomington, Indiana, no later than fourth quarter 2009. The Bloomington operation loses about $45 million annually due to declining sales and product-selling prices and increased material, operation and labor costs. Despite the hard work and dedication of the union and employees, it does not make good business sense to invest or continue operations at the Bloomington facility in this environment...
GE plans to close Bloomington refrigerator plant
General Electric Co. plans to close its refrigerator plant in Bloomington, Ind., by the fourth quarter of 2009. The plant employs 837 hourly workers and 59 salaried workers, according to a news release. Last year, the operation lost about $45 million, and losses are expected to continue at the same pace, the release said...
GE Plans Partnerships With Uranium Miners for Nuclear
General Electric Co., the world's biggest maker of power-generation equipment, plans to form partnerships with uranium companies to develop its nuclear business and improve access to the fuel that runs reactors...
Erie monsters are this year’s GE favourite
If the General Electric juggernaut has been looking a little worse for wear lately, one part of the US industrial conglomerate that shows few signs of heading into the sidings is its transportation business, based in the unfashionable town of Erie, northern Pennsylvania....
Friday's Focus On GE Earnings
U.S. economy bellwether General Electric is set to be Friday's earnings focus, as the conglomerate is due to issue its fourth-quarter report prior to the market opening. Wall Street is expecting 64 cents in earnings per share, which would be a 6% increase over the similar period in 2006. Shares of Dow component GE fell 3.9% Thursday...
Thursday, January 17, 2008
Recent News: Solar Cells, GE Healthcare X-Ray, GE Aviation (Boeing 787 & Maintenance), Earnings Preview, and GE Healthcare
GE Global Research Demonstrates Scalable Low Cost, Nano-based Solar Cell
GE Global Research, the centralized research organization of the General Electric Company (NYSE: GE), announced that scientists on their Nano Photovoltaics (PV) team have demonstrated a scalable silicon nanowire-based solar cell, which has the potential to achieve up to 18% efficiency and be produced at a dramatically lower cost than conventional solar cells. This demonstration represents a promising development in the effort to make PV systems more economically viable for consumers...
GE Healthcare launches upgradable X-ray system Tejas XR 6000 in India
GE Healthcare, a unit of General Electric Co, said it has launched its upgradable X-ray system, Tejas XR 6000, in India and that it expects to roll out several variants of the system during 2008...
Boeing 787 delays could ground GE Aviation's engine
That's bad news for GE Aviation, which developed its GEnx engine specifically for Boeing's 787 and 747-8. The engine is in the final stages of testing with certification expected in September, and the company has more than 800 orders, worth billions of dollars, from airlines worldwide...
Earnings Preview: General Electric
Industrial, finance and media conglomerate General Electric Co. is scheduled to report its fourth-quarter results Friday. The following is a summary of key developments and analyst commentary for the period ended Dec. 31...
GE financing $115 million steel company acquisition
On January 16, GE Commercial Finance Corporate Lending announced it provided a $115 million asset-based credit facility to support the acquisition of Winner Steel, Inc., by a joint venture between...
Spring Airlines signs deal for CFM engines, GE maintenance
The airline also signed a 15-year agreement with GE Aviation for the maintenance and overhaul of the CFM56-5B engines that power the airline's fleet of A320s. The deal covers its 10 purchased planes, as well as 20 leased aircraft and is valued at more than $200 million over the life of the contract...
Genetic Tech licence agreement with GE Healthcare
GE Healthcare is a unit of General Electric Company employing more than 46,000 people which, in 2006, generated total revenues of $US17bn from serving healthcare professionals and their patients in more than 100 countries...
GE Global Research, the centralized research organization of the General Electric Company (NYSE: GE), announced that scientists on their Nano Photovoltaics (PV) team have demonstrated a scalable silicon nanowire-based solar cell, which has the potential to achieve up to 18% efficiency and be produced at a dramatically lower cost than conventional solar cells. This demonstration represents a promising development in the effort to make PV systems more economically viable for consumers...
GE Healthcare launches upgradable X-ray system Tejas XR 6000 in India
GE Healthcare, a unit of General Electric Co, said it has launched its upgradable X-ray system, Tejas XR 6000, in India and that it expects to roll out several variants of the system during 2008...
Boeing 787 delays could ground GE Aviation's engine
That's bad news for GE Aviation, which developed its GEnx engine specifically for Boeing's 787 and 747-8. The engine is in the final stages of testing with certification expected in September, and the company has more than 800 orders, worth billions of dollars, from airlines worldwide...
Earnings Preview: General Electric
Industrial, finance and media conglomerate General Electric Co. is scheduled to report its fourth-quarter results Friday. The following is a summary of key developments and analyst commentary for the period ended Dec. 31...
GE financing $115 million steel company acquisition
On January 16, GE Commercial Finance Corporate Lending announced it provided a $115 million asset-based credit facility to support the acquisition of Winner Steel, Inc., by a joint venture between...
Spring Airlines signs deal for CFM engines, GE maintenance
The airline also signed a 15-year agreement with GE Aviation for the maintenance and overhaul of the CFM56-5B engines that power the airline's fleet of A320s. The deal covers its 10 purchased planes, as well as 20 leased aircraft and is valued at more than $200 million over the life of the contract...
Genetic Tech licence agreement with GE Healthcare
GE Healthcare is a unit of General Electric Company employing more than 46,000 people which, in 2006, generated total revenues of $US17bn from serving healthcare professionals and their patients in more than 100 countries...
Wednesday, January 16, 2008
Recent News: GE Money, GE Eneregy Financial Services, GE Real Estate, GE Capital, GE Infrastructure, and Kucinich vs. NBC
GE Money launches 3 year discount mortgage
Almost three quarters (70%) of the UK’s mortgage brokers believe that the Bank of England base rate will end the year lower than it finished 2007, according to GE Money. The majority (61%) predict the base rate will finish the year between 5.0% and 5.4%. However, one-in-ten brokers (9%) predict the Bank of England base rate will fall to below 5% by the end of 2008...
GE invests $300M in Horizon wind farms
Horizon Wind Energy LLC has received a $300 million equity investment from GE Energy Financial Services in four of its wind farms. Horizon, a Houston, Texas wind farm developer, is a subsidiary of Energias de Portugal SA...
GE Provides $32M for Quincy Multifamily Refi
GE Real Estate has announced the issuance of a $32-million fixed-rate refinancing for the Reserve at Marina Bay apartments here on behalf of Core Investments and O’Connell Investments. The six-story, 141-unit complex is eight miles south of Boston in the Marina Bay mixed-use development that includes condos, retail, restaurant and a large marina...
GE Capital Solution’s commercial distribution finance unit provides multi-million dollar credit line to computer word processing systems
The team at GE Capital Solutions worked with us to ensure we have financing in place to accelerate our growth strategy,” said Christine Waldrop, President, CWPS. “GE is not only providing our inventory financing credit line, but they are also helping us during our busy season with a seasonal line increase...
GE infrastructure could shine in fourth quarter
Overall, GE said that it expects its infrastructure business, which includes wind turbines, to contribute heartily to its quarterly results. The company forecast an earnings range in December of 67 cents to 69 cents a share...
Kucinich decries GE-media conspiracy
At 5:25 p.m., shortly after the Nevada Supreme Court refused to give Dennis Kucinich a seat at the debate, a small band of his supporters marched to a far corner of a parking lot outside the Cashman Center, where supporters of the three major candidates...
GE says raises renewable energy investment target to $6 billion
General Electric Co.'s energy investment business, buoyed by rising demand for alternative power, said Monday it will increase its investment in renewable energy by 50 percent, to $6 billion by 2010...
GE Unit Boosts 2010 Renewable Energy Investing Target to $6 Billion, Announces Its Largest Wind Deal
Reinforcing GE's ecomagination program, GE Energy Financial Services announced today that it has raised its 2010 renewable energy investing target by 50 percent to $6 billion, and has just topped $3 billion. GE Energy Financial Services...
Almost three quarters (70%) of the UK’s mortgage brokers believe that the Bank of England base rate will end the year lower than it finished 2007, according to GE Money. The majority (61%) predict the base rate will finish the year between 5.0% and 5.4%. However, one-in-ten brokers (9%) predict the Bank of England base rate will fall to below 5% by the end of 2008...
GE invests $300M in Horizon wind farms
Horizon Wind Energy LLC has received a $300 million equity investment from GE Energy Financial Services in four of its wind farms. Horizon, a Houston, Texas wind farm developer, is a subsidiary of Energias de Portugal SA...
GE Provides $32M for Quincy Multifamily Refi
GE Real Estate has announced the issuance of a $32-million fixed-rate refinancing for the Reserve at Marina Bay apartments here on behalf of Core Investments and O’Connell Investments. The six-story, 141-unit complex is eight miles south of Boston in the Marina Bay mixed-use development that includes condos, retail, restaurant and a large marina...
GE Capital Solution’s commercial distribution finance unit provides multi-million dollar credit line to computer word processing systems
The team at GE Capital Solutions worked with us to ensure we have financing in place to accelerate our growth strategy,” said Christine Waldrop, President, CWPS. “GE is not only providing our inventory financing credit line, but they are also helping us during our busy season with a seasonal line increase...
GE infrastructure could shine in fourth quarter
Overall, GE said that it expects its infrastructure business, which includes wind turbines, to contribute heartily to its quarterly results. The company forecast an earnings range in December of 67 cents to 69 cents a share...
Kucinich decries GE-media conspiracy
At 5:25 p.m., shortly after the Nevada Supreme Court refused to give Dennis Kucinich a seat at the debate, a small band of his supporters marched to a far corner of a parking lot outside the Cashman Center, where supporters of the three major candidates...
GE says raises renewable energy investment target to $6 billion
General Electric Co.'s energy investment business, buoyed by rising demand for alternative power, said Monday it will increase its investment in renewable energy by 50 percent, to $6 billion by 2010...
GE Unit Boosts 2010 Renewable Energy Investing Target to $6 Billion, Announces Its Largest Wind Deal
Reinforcing GE's ecomagination program, GE Energy Financial Services announced today that it has raised its 2010 renewable energy investing target by 50 percent to $6 billion, and has just topped $3 billion. GE Energy Financial Services...
Tuesday, January 15, 2008
Recent News: GE Energy China, GE Energy Financial Services, Renewable Energy, Winds, and GE Aviation
GE finds niche amid conservation push
For Jack Wen, the charismatic chairman of GE Energy China, this is the best of times for his line of business. Energy conservation has taken center stage as the nation tries to combat pollution and environmental damage. Rising oil prices, which recently crossed 100 U.S. dollars a barrel, have added impetus to this movement...
GE Energy Financial Services Raises Investment Commitment
GE Energy Financial Services says it has raised its 2010 renewable energy investing target by 50% to $6 billion, as well as exceeded the $3 billion mark with its single highest-value wind deal...
GE to double renewables investments
General Electric is expected today to announce it will double its investment in renewable energy to $6bn by 2010 as the company seeks to build on its ecomagination strategy.
Reports in the Financial Times (FT) suggest the strength of the alternative energy market has prompted the company to increase its targets for investment in the sector...
Fair winds: GE invests $300 million in Houston-based power firm
This was a good day for the wind power business with GE announcing a $300 million investment in Houston-based Horizon Wind and a controversial project off Cape Cod, Mass. clearing another regulatory hurdle...
GE CMO Dan Henson Kick's Off Measured Thoughts
MarketingNPV today launched Measured Thoughts a video webcast series featuring a one-on-one conversation with today's leading CMOs offering executive-level insight into the efforts required to measure the payback on marketing initiatives. The series is hosted by Dave Reibstein, William Woodside Professor of Marketing at Wharton School of Business, and managing partner at MarketingNPV. Dave's first guest is Dan Henson, CMO, General Electric...
Funding Roundup: GE to Pay $6B for Renewables
The sound of cash pouring into the greentech sector echoed twice as loud Monday when GE Energy Financial Services said it plans to double its renewable-energy investments to $6 billion by 2010....
GE raises renewable energy target
General Electric Co.'s energy investment business, buoyed by rising demand for alternative power, said Monday it will increase its investment in renewable energy by 50 percent, to $6 billion by 2010...
GE Gains 100th CF34-3 OnPoint Contract
GE Aviation announced it signed its 100th OnPoint services agreement for CF34-3 business aviation engines. More than 200 CF34-3s have been covered by one of these MRO deals, which typically last five to 10 years...
GE Energy to Supply 333 Wind Turbines For Projects in Two States
December, 2007; GE Energy has received a contract of approximately $650 million to provide 333 wind turbines to Noble Environmental Power for new and expansion projects in New York and Texas that will add nearly 500 megawatts of wind power capacity to the country's renewable energy supply...
GE gets greener
According to the FT, GE "will announce plans to double its investments in renewable energies to $6bn by 2010." GE is, of course, smart to put its capital into a necessary hedge against crude oil and gas. Most evidence points to the fact that high prices in this sector will make alternative energies more practical and profitable...
For Jack Wen, the charismatic chairman of GE Energy China, this is the best of times for his line of business. Energy conservation has taken center stage as the nation tries to combat pollution and environmental damage. Rising oil prices, which recently crossed 100 U.S. dollars a barrel, have added impetus to this movement...
GE Energy Financial Services Raises Investment Commitment
GE Energy Financial Services says it has raised its 2010 renewable energy investing target by 50% to $6 billion, as well as exceeded the $3 billion mark with its single highest-value wind deal...
GE to double renewables investments
General Electric is expected today to announce it will double its investment in renewable energy to $6bn by 2010 as the company seeks to build on its ecomagination strategy.
Reports in the Financial Times (FT) suggest the strength of the alternative energy market has prompted the company to increase its targets for investment in the sector...
Fair winds: GE invests $300 million in Houston-based power firm
This was a good day for the wind power business with GE announcing a $300 million investment in Houston-based Horizon Wind and a controversial project off Cape Cod, Mass. clearing another regulatory hurdle...
GE CMO Dan Henson Kick's Off Measured Thoughts
MarketingNPV today launched Measured Thoughts a video webcast series featuring a one-on-one conversation with today's leading CMOs offering executive-level insight into the efforts required to measure the payback on marketing initiatives. The series is hosted by Dave Reibstein, William Woodside Professor of Marketing at Wharton School of Business, and managing partner at MarketingNPV. Dave's first guest is Dan Henson, CMO, General Electric...
Funding Roundup: GE to Pay $6B for Renewables
The sound of cash pouring into the greentech sector echoed twice as loud Monday when GE Energy Financial Services said it plans to double its renewable-energy investments to $6 billion by 2010....
GE raises renewable energy target
General Electric Co.'s energy investment business, buoyed by rising demand for alternative power, said Monday it will increase its investment in renewable energy by 50 percent, to $6 billion by 2010...
GE Gains 100th CF34-3 OnPoint Contract
GE Aviation announced it signed its 100th OnPoint services agreement for CF34-3 business aviation engines. More than 200 CF34-3s have been covered by one of these MRO deals, which typically last five to 10 years...
GE Energy to Supply 333 Wind Turbines For Projects in Two States
December, 2007; GE Energy has received a contract of approximately $650 million to provide 333 wind turbines to Noble Environmental Power for new and expansion projects in New York and Texas that will add nearly 500 megawatts of wind power capacity to the country's renewable energy supply...
GE gets greener
According to the FT, GE "will announce plans to double its investments in renewable energies to $6bn by 2010." GE is, of course, smart to put its capital into a necessary hedge against crude oil and gas. Most evidence points to the fact that high prices in this sector will make alternative energies more practical and profitable...
Monday, January 14, 2008
Recent News: GE Foundation, GE Aviation, EPA, GE Water, GE Energy Financial Services, Renewable Energy, and Vietnam
GE grant can inspire great change
In Louisville, Ky., a city most of us associate with the Kentucky Derby and the famous company that makes baseball bats, the school district has been making impressive strides in how it educates tens of thousands of public school students. A $25 million grant from the GE Foundation has had a lot to do with it...
GE going full-throttle
GE Aviation notched another record year in 2007, booking $25.5 billion worth of new orders throughout the world...
EPA Extends Public Comment Period for the Ecological Risk Assessment for GE Pittsfield/Housatonic River Site
The U.S. Environmental Protection Agency has extended the public comment period for the recently-completed Ecological Risk Assessment for a major section of the Housatonic River in Massachusetts and Connecticut...
Eureka Forbes ties up with GE for clean water
The Shapoorji Pallonji group is betting big on the water business. Eureka Forbes, a wholly owned subsidiary of Shapoorji Pallonji group, is understood to have tied up with US infrastructure major GE Water for the expansion of its water filter business...
GE Unit Teams with SunPower on California Solar Projects
GE Energy Financial Services, a unit of GE, announced that it is partnering with SunPower Corp. -- a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels, and solar systems -- to provide financing for five California solar power projects...
GE to double renewable energy investment
General Electric will on Monday announce plans to double its investments in renewable energies to $6bn by 2010 in the latest sign of a push by big companies to capitalise on concerns over global warming and pollution...
GE to double its investments in renewable energy to $6bn by 2010
General Electric will today announce plans to double its investments in renewable energies to $6bn by 2010 in the latest sign of a push by big companies to capitalise on concerns over global warming and pollution...
GE to double investments in renewable energies: FT
Diversified conglomerate General Electric Co. will on Monday announce plans to double its investments in renewable energies to $6 billion by 2010, the Financial Times reported on Sunday...
Vietnam seen as center for GE’s growth in SEA
The president of General Electric (GE) for South East Asia has underlined that the U.S. group places Vietnam as center for its growth in the region and can help develop human resources for global competition...
In Louisville, Ky., a city most of us associate with the Kentucky Derby and the famous company that makes baseball bats, the school district has been making impressive strides in how it educates tens of thousands of public school students. A $25 million grant from the GE Foundation has had a lot to do with it...
GE going full-throttle
GE Aviation notched another record year in 2007, booking $25.5 billion worth of new orders throughout the world...
EPA Extends Public Comment Period for the Ecological Risk Assessment for GE Pittsfield/Housatonic River Site
The U.S. Environmental Protection Agency has extended the public comment period for the recently-completed Ecological Risk Assessment for a major section of the Housatonic River in Massachusetts and Connecticut...
Eureka Forbes ties up with GE for clean water
The Shapoorji Pallonji group is betting big on the water business. Eureka Forbes, a wholly owned subsidiary of Shapoorji Pallonji group, is understood to have tied up with US infrastructure major GE Water for the expansion of its water filter business...
GE Unit Teams with SunPower on California Solar Projects
GE Energy Financial Services, a unit of GE, announced that it is partnering with SunPower Corp. -- a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels, and solar systems -- to provide financing for five California solar power projects...
GE to double renewable energy investment
General Electric will on Monday announce plans to double its investments in renewable energies to $6bn by 2010 in the latest sign of a push by big companies to capitalise on concerns over global warming and pollution...
GE to double its investments in renewable energy to $6bn by 2010
General Electric will today announce plans to double its investments in renewable energies to $6bn by 2010 in the latest sign of a push by big companies to capitalise on concerns over global warming and pollution...
GE to double investments in renewable energies: FT
Diversified conglomerate General Electric Co. will on Monday announce plans to double its investments in renewable energies to $6 billion by 2010, the Financial Times reported on Sunday...
Vietnam seen as center for GE’s growth in SEA
The president of General Electric (GE) for South East Asia has underlined that the U.S. group places Vietnam as center for its growth in the region and can help develop human resources for global competition...
Sunday, January 13, 2008
Recent News: GE Money, GE Energy Financial Services, Lloyd Trotter, PHH, and TradeSignals Commentary
GE Money to launch eco card
A new credit card that caters for customers' desires to help the environment will be released on Monday...
GE unit growing 'green'
GE Energy Financial Services is growing its role in the "green" energy market with new investments in California and Texas...
GE's Trotter Heads for Equity Land
Lloyd G. Trotter jokes that if he were to write a book, he would call it Living My Life Between Quarters. No more. After 37 years of pushing to make his numbers every three months at a big public company, Trotter, 62, will step down next month as vice-chairman and as chief executive of the $28 billion General Electric
PHH's long-term IDR affirmed at 'BBB+'; outlook negative - Fitch
Ratings said it affirmed PHH Corp's 'BBB+' long-term issuer default rating and 'F2' short-term IDR and assigned a negative rating outlook, following PHH's announcement that it had terminated the merger agreement with General Electric...
TradeSignals General Electric Morning Commentary
General Electric finished the previous session higher extending the prior days gains. Trend indicators are indicating a bearish market and the overall strength of the trend is strong, as indicated by the ADX. Momentum readings are also bearish. However, the recent upturn in the difference between the MACD and the MACD signal line may indicate a short term rally over the next few days and should be watched...
A new credit card that caters for customers' desires to help the environment will be released on Monday...
GE unit growing 'green'
GE Energy Financial Services is growing its role in the "green" energy market with new investments in California and Texas...
GE's Trotter Heads for Equity Land
Lloyd G. Trotter jokes that if he were to write a book, he would call it Living My Life Between Quarters. No more. After 37 years of pushing to make his numbers every three months at a big public company, Trotter, 62, will step down next month as vice-chairman and as chief executive of the $28 billion General Electric
PHH's long-term IDR affirmed at 'BBB+'; outlook negative - Fitch
Ratings said it affirmed PHH Corp's 'BBB+' long-term issuer default rating and 'F2' short-term IDR and assigned a negative rating outlook, following PHH's announcement that it had terminated the merger agreement with General Electric...
TradeSignals General Electric Morning Commentary
General Electric finished the previous session higher extending the prior days gains. Trend indicators are indicating a bearish market and the overall strength of the trend is strong, as indicated by the ADX. Momentum readings are also bearish. However, the recent upturn in the difference between the MACD and the MACD signal line may indicate a short term rally over the next few days and should be watched...
Saturday, January 12, 2008
Opinion: FOX News vs. GE, re: Iran
I try to keep this blog informative and free from opinion - but I thought I would add my two cents here and hopefully some of you can comment on this as well. The following article on the FOX News website (and from Bill O'Reilly none the less) alludes to the fact that GE is doing business with Iran and willfully disobeying U.S. sanctions by utilizing subsidiaries in the region.
FOX News has a recent vested interest in dragging GE's name through the dirt. FOX News Business, which is now the main competitor of GE's own CNBC, has seemingly dismal viewership (NYT: Few Viewers for Infancy of Fox Business).
One of the commentators on the self proclaimed "Fair and Balanced" The O'Reilly Factor was from the Center for Security Policy. Upon looking at their website I see they refer to President Bush's trip to the Middle East for Peace talks as: "George in jihadland." And under a picture of the President the word peace appears in quotation marks. The Center for Security Policy hardly seems to be what its name suggests.
Apparently Mr. O'Reilly has invited Mr. Immelt on the program to discuss the matter.
You be the judge: Disturbing Charges That General Electric Is Doing Business With Iran and Center for Security Policy.
FOX News has a recent vested interest in dragging GE's name through the dirt. FOX News Business, which is now the main competitor of GE's own CNBC, has seemingly dismal viewership (NYT: Few Viewers for Infancy of Fox Business).
One of the commentators on the self proclaimed "Fair and Balanced" The O'Reilly Factor was from the Center for Security Policy. Upon looking at their website I see they refer to President Bush's trip to the Middle East for Peace talks as: "George in jihadland." And under a picture of the President the word peace appears in quotation marks. The Center for Security Policy hardly seems to be what its name suggests.
Apparently Mr. O'Reilly has invited Mr. Immelt on the program to discuss the matter.
You be the judge: Disturbing Charges That General Electric Is Doing Business With Iran and Center for Security Policy.
Recent Press Releases: GE Corporate Lending and GE Energy Financial Services
GE Corporate Lending Provides $115 Million Credit Facility To Support the Acquisition of Winner Steel, Inc.
GE Commercial Finance Corporate Lending today announced it provided a $115 million asset-based credit facility to support the acquisition of Winner Steel, Inc., by a joint venture between Novolipetsk Steel ...
Enel, GE Soar to New Heights at Texas Wind Farm with Tallest Turbine Towers in US, Also Partner on Kansas Wind Project
Enel SpA, through its subsidiary Enel North America, Inc., announced today the completion of a wind farm in Texas with the tallest utility-scale wind turbines in the United States as well as investments by an affiliate of GE Energy Financial Services...
GE Commercial Finance Corporate Lending today announced it provided a $115 million asset-based credit facility to support the acquisition of Winner Steel, Inc., by a joint venture between Novolipetsk Steel ...
Enel, GE Soar to New Heights at Texas Wind Farm with Tallest Turbine Towers in US, Also Partner on Kansas Wind Project
Enel SpA, through its subsidiary Enel North America, Inc., announced today the completion of a wind farm in Texas with the tallest utility-scale wind turbines in the United States as well as investments by an affiliate of GE Energy Financial Services...
Recent News: Lloyd Trotter, Private Equity, Enel, GE Energy Financial Services, Wind, GE Energy, GE Capital, and Alternative Energy
G.E. Exec Joins $500M Private Equity Firm
A top General Electric executive is making the move into private equity, joining a large group of other G.E. veterans...
Enel completes 63 MW wind farm project in Texas with GE
Enel SpA said its Enel North America Inc unit, alongside of GE Energy Financial Services, has completed a 63 megawatt wind farm project near Snyder, Texas...
Research and Markets: Analysis of GE Energy Offers a Complete and Comprehensive Analysis of GE Energy
Analysis of GE Energy is a complete and comprehensive analysis of GE Energy, includes an overview of the industry the company operates in, a PEST Framework Analysis of the industry, and then moves on to analyzing the company itself...
GE Capital Solution’s Commercial Distribution Finance Unit Provides Multi-Million Dollar Credit Line to Computer Word Processing Systems
GE Capital Solutions, Commercial Distribution Finance (CDF), recently approved a multi-million dollar credit line for Computer Word Processing Systems, Inc (CWPS). CWPS, Inc., is a leading provider of information technology solutions for business and government...
GE Invests in Alternative Energy
GE Energy Financial Services, an investment arm of General Electric Co., said this week that they will invest in a $350 million wind-generation project to supply the city of Austin, TX with renewable energy...
Trotter leaves GE for buy-out group
Lloyd Trotter, the most senior African-American executive in General Electric’s history, is to leave the US company after 38 years to join a buy-out group run by the Wall Street banker Ronald Blaylock, a close associate of Senator Barack Obama...
A top General Electric executive is making the move into private equity, joining a large group of other G.E. veterans...
Enel completes 63 MW wind farm project in Texas with GE
Enel SpA said its Enel North America Inc unit, alongside of GE Energy Financial Services, has completed a 63 megawatt wind farm project near Snyder, Texas...
Research and Markets: Analysis of GE Energy Offers a Complete and Comprehensive Analysis of GE Energy
Analysis of GE Energy is a complete and comprehensive analysis of GE Energy, includes an overview of the industry the company operates in, a PEST Framework Analysis of the industry, and then moves on to analyzing the company itself...
GE Capital Solution’s Commercial Distribution Finance Unit Provides Multi-Million Dollar Credit Line to Computer Word Processing Systems
GE Capital Solutions, Commercial Distribution Finance (CDF), recently approved a multi-million dollar credit line for Computer Word Processing Systems, Inc (CWPS). CWPS, Inc., is a leading provider of information technology solutions for business and government...
GE Invests in Alternative Energy
GE Energy Financial Services, an investment arm of General Electric Co., said this week that they will invest in a $350 million wind-generation project to supply the city of Austin, TX with renewable energy...
Trotter leaves GE for buy-out group
Lloyd Trotter, the most senior African-American executive in General Electric’s history, is to leave the US company after 38 years to join a buy-out group run by the Wall Street banker Ronald Blaylock, a close associate of Senator Barack Obama...
Thursday, January 10, 2008
Recent News: GE Capital & Astra Sedaya Bonds and GE Energy
GE Capital UK plans 25-year stg bond -lead
A unit of GE Capital Corp, the finance arm of conglomerate General Electric, plans to issue a 25-year fixed rate sterling benchmark bond...
Indonesia's Astra Sedaya plans 1 trln rph bonds
Indonesian automotive financing company PT Astra Sedaya Finance plans to offer 1 trillion rupiah of bonds in late February to raise working capital, the company said on Wednesday...
GE Energy to invest in wind farm
GE Energy Financial Services, the investment arm of General Electric Co., said Wednesday it will invest in a new $350 million, 166-megawatt wind generation project...
A unit of GE Capital Corp, the finance arm of conglomerate General Electric, plans to issue a 25-year fixed rate sterling benchmark bond...
Indonesia's Astra Sedaya plans 1 trln rph bonds
Indonesian automotive financing company PT Astra Sedaya Finance plans to offer 1 trillion rupiah of bonds in late February to raise working capital, the company said on Wednesday...
GE Energy to invest in wind farm
GE Energy Financial Services, the investment arm of General Electric Co., said Wednesday it will invest in a new $350 million, 166-megawatt wind generation project...
Wednesday, January 9, 2008
Recent News: GE Capital, Qatar, CFM International, and GE Hitachi
GE Capital sells $6 billion in 2 parts - source
General Electric Capital Corp, a unit of General Electric Co, sold on Tuesday $6 billion of debt in two parts, said a source familiar with the deal...
GE wins supply deal for $3.2 bln Qatar plant
General Electric Co said on Tuesday it had agreed to supply equipment for a $3.2 billion fertiliser project in Qatar...
ACTS Signs Long-Term Material & Repair Pacts With GE And CFM
ACTS has signed a 10-year OnPoint solutions agreement with General Electric Co. (GE) for material to repair CF34 engines, and a 10-year materials agreement with CFM International for the repair and overhaul of the CFM56-2, CFM56-3, CFM56-5A, CFM56-5B and CFM56-5C engines...
GE-Hitachi to Meet Utilities as U.K. Backs Nuclear (Update2)
GE-Hitachi Nuclear Energy will meet with European utilities and government officials to discuss reactor sales next week after U.K. ministers backed building plants to replace aged units...
General Electric Capital Corp, a unit of General Electric Co, sold on Tuesday $6 billion of debt in two parts, said a source familiar with the deal...
GE wins supply deal for $3.2 bln Qatar plant
General Electric Co said on Tuesday it had agreed to supply equipment for a $3.2 billion fertiliser project in Qatar...
ACTS Signs Long-Term Material & Repair Pacts With GE And CFM
ACTS has signed a 10-year OnPoint solutions agreement with General Electric Co. (GE) for material to repair CF34 engines, and a 10-year materials agreement with CFM International for the repair and overhaul of the CFM56-2, CFM56-3, CFM56-5A, CFM56-5B and CFM56-5C engines...
GE-Hitachi to Meet Utilities as U.K. Backs Nuclear (Update2)
GE-Hitachi Nuclear Energy will meet with European utilities and government officials to discuss reactor sales next week after U.K. ministers backed building plants to replace aged units...
Recent Press Releases: Ferrari, GE Money, Wind, and Oil Drilling
Ferrari North America Selects GE Motor Club As Exclusive Emergency Roadside Assistance Provider in U.S. and Canada
Ferrari North America, a pioneer in automotive engineering of high performance cars, and GE Money’s Partnership Marketing Group today announced, an exclusive relationship that brings the GE Motor Club roadside assistance program to Ferrari owners...
Vincenzo Picone Named SVP Global Marketing for GE Money
Mr. Picone assumes his new role after having served as Senior Vice President for Strategy for GE Money since 2005. In that role, he has been responsible for strategic planning and global growth initiatives, and led the Company’s efforts to transform its marketing capabilities...
GE, RES Partner on New Wind Farm, Adding Clean Energy to Texas Oil Drilling Area
The project’s developer, Renewable Energy Systems Americas Inc., is beginning construction of the Hackberry wind farm in Shackelford County 30 miles northeast of Abilene this month...
Ferrari North America, a pioneer in automotive engineering of high performance cars, and GE Money’s Partnership Marketing Group today announced, an exclusive relationship that brings the GE Motor Club roadside assistance program to Ferrari owners...
Vincenzo Picone Named SVP Global Marketing for GE Money
Mr. Picone assumes his new role after having served as Senior Vice President for Strategy for GE Money since 2005. In that role, he has been responsible for strategic planning and global growth initiatives, and led the Company’s efforts to transform its marketing capabilities...
GE, RES Partner on New Wind Farm, Adding Clean Energy to Texas Oil Drilling Area
The project’s developer, Renewable Energy Systems Americas Inc., is beginning construction of the Hackberry wind farm in Shackelford County 30 miles northeast of Abilene this month...
Tuesday, January 8, 2008
Recent Press Release: California Solar Projects
GE Unit Partners with SunPower on California Solar Projects
GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it is partnering with SunPower Corporation (NASDAQ: SPWR) -- a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels, and solar systems -- to provide financing for five California solar power projects...
GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it is partnering with SunPower Corporation (NASDAQ: SPWR) -- a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels, and solar systems -- to provide financing for five California solar power projects...
Recent News: Japan, GE Energy Financial Services, Solar, GE Energy, and GE Healthcare Financial Services
US fund TPG hires GE's boss in Japan
U.S. private equity firm TPG said on Tuesday it had hired General Electric's boss in Japan, Nobuhiko Ito, to help it win deals in the world's second-largest economy...
Regency Energy Partners Completes Acquisition of Gas Gathering System
Regency Energy Partners LP has completed itspreviously announced acquisition of FrontStreet Hugoton, LLC from anaffiliate of GE Energy Financial Services, a unit of GE, and FrontStreet EnergyOne, LLC...
GE unit to finance SunPower solar projects in Calif.
General Electric Co's GE Energy Financial Services unit has partnered with solar power company SunPower Corp to finance the construction of five solar projects in California...
GE funding five SunPower solar projects for California
SunPower and General Electric Energy Financial Services are partnering to build solar power installations generating 8 megawatts in California by the end of the year...
GE Energy Releases Oracle-Based Geospatial Solution For Electric Distribution Utilities
GE Energy has announced the availability of its new geospatial network design and maintenance product portfolio built using Oracle Database, Oracle Spatial and Oracle Fusion Middleware...
Helicos BioSciences signs credit facility with GE Healthcare Financial Services
Helicos BioSciences Corporation, a life science company, said on 4 January that the company has completed a USD20m senior secured credit facility from GE Healthcare Financial Services...
U.S. private equity firm TPG said on Tuesday it had hired General Electric's boss in Japan, Nobuhiko Ito, to help it win deals in the world's second-largest economy...
Regency Energy Partners Completes Acquisition of Gas Gathering System
Regency Energy Partners LP has completed itspreviously announced acquisition of FrontStreet Hugoton, LLC from anaffiliate of GE Energy Financial Services, a unit of GE, and FrontStreet EnergyOne, LLC...
GE unit to finance SunPower solar projects in Calif.
General Electric Co's GE Energy Financial Services unit has partnered with solar power company SunPower Corp to finance the construction of five solar projects in California...
GE funding five SunPower solar projects for California
SunPower and General Electric Energy Financial Services are partnering to build solar power installations generating 8 megawatts in California by the end of the year...
GE Energy Releases Oracle-Based Geospatial Solution For Electric Distribution Utilities
GE Energy has announced the availability of its new geospatial network design and maintenance product portfolio built using Oracle Database, Oracle Spatial and Oracle Fusion Middleware...
Helicos BioSciences signs credit facility with GE Healthcare Financial Services
Helicos BioSciences Corporation, a life science company, said on 4 January that the company has completed a USD20m senior secured credit facility from GE Healthcare Financial Services...
Monday, January 7, 2008
Recent News: PHH, Education, and GE Capital
No deal: GE not buying home lender PHH
PHH Corp., its proposed sale a victim of last year's capital-markets crisis, faces a tough road as an independent company. The Mount Laurel mortgage lender and vehicle fleet manager terminated its sales agreement Tuesday with GE Capital...
Why GE is making education its business
You already know GE brings good things to life: your stove, your refrigerator, that $35,000 stainless steel, computer-controlled wine vault you wish was yours...
Supreme Court issues notice to GE Capital on I-T department plea
The dispute between the revenue department and GE Capital Transport Finance Services on delayed payment of lease rental and hire purchase installments has landed in the Supreme Court...
PHH Corp., its proposed sale a victim of last year's capital-markets crisis, faces a tough road as an independent company. The Mount Laurel mortgage lender and vehicle fleet manager terminated its sales agreement Tuesday with GE Capital...
Why GE is making education its business
You already know GE brings good things to life: your stove, your refrigerator, that $35,000 stainless steel, computer-controlled wine vault you wish was yours...
Supreme Court issues notice to GE Capital on I-T department plea
The dispute between the revenue department and GE Capital Transport Finance Services on delayed payment of lease rental and hire purchase installments has landed in the Supreme Court...
Friday, January 4, 2008
USA TODAY CEO Forum: GE sees growth opportunities
USA TODAY CEO Forum: GE sees growth opportunities (PDF)
Many executives would find it hard to be cheery as they enter a new year marked by a wobbly economy, uncertain political trends and new technologies that pose profound challenges to old business models...
Many executives would find it hard to be cheery as they enter a new year marked by a wobbly economy, uncertain political trends and new technologies that pose profound challenges to old business models...
Recent News: GE Energy, PHH, and GE Sensing & Inspection
GE Energy moves to former Xerox building
GE Energy Financial Services plans to move into the 275,000-square-foot former Xerox Corp. headquarters at 800 Long Ridge Road in Stamford about a year from now, the building's owner said...
PHH receives $50 mln after deal falls through
Mortgage and vehicle fleet company PHH Corp said on Friday it received a $50 million termination fee from Blackstone Capital Partners, a fund affiliated with buyout firm Blackstone Group, after a deal to buy the company fell apart...
GE division's acquisition of German firm expands its sensor tech
A Billerica-based division of General Electric Co. has agreed to acquire, for an undisclosed amount, a German maker of high accuracy Coriolis mass flowmeters...
GE Energy Financial Services plans to move into the 275,000-square-foot former Xerox Corp. headquarters at 800 Long Ridge Road in Stamford about a year from now, the building's owner said...
PHH receives $50 mln after deal falls through
Mortgage and vehicle fleet company PHH Corp said on Friday it received a $50 million termination fee from Blackstone Capital Partners, a fund affiliated with buyout firm Blackstone Group, after a deal to buy the company fell apart...
GE division's acquisition of German firm expands its sensor tech
A Billerica-based division of General Electric Co. has agreed to acquire, for an undisclosed amount, a German maker of high accuracy Coriolis mass flowmeters...
Recent Press Release: GE Sensing & Inspection Technologies
GE Sensing & Inspection Technologies to acquire Rheonik
GE Sensing & Inspection Technologies has signed a definitive agreement to acquire Rheonik, a leading manufacturer of high accuracy coriolis mass flowmeters used in the oil & gas, process and power industries. The transaction, terms of which are not being disclosed
GE Sensing & Inspection Technologies has signed a definitive agreement to acquire Rheonik, a leading manufacturer of high accuracy coriolis mass flowmeters used in the oil & gas, process and power industries. The transaction, terms of which are not being disclosed
Recent News: Oil & Gas, Google GOOG-411, Aerospace, GE Energy, GE Healthcare, and GE Capital Transportation
GE Sensing & Inspection to buy Germany's Rheonik
General Electric Co unit GE Sensing & Inspection Technologies said it will buy Rheonik, a Munich-based maker of flowmeters used in the oil & gas...
Thomson Partners With Google To Integrate GOOG-411 Button Into GE-branded DECT 6.0 Phones
Thomson S.A. said Thursday that it has partnered with Google Inc. to integrate the one-touch, auto-dial GOOG-411 button into many of its latest GE-branded DECT 6.0 Interference...
Barnes Group Signs New Agreement With GE
Barnes Group Inc., an aerospace and industrial components manufacturer, said Thursday its aerospace segment signed a new deal with General Electric Co. to supply...
GE Energy Releases Oracle-Based Geospatial Solution For Electric Distribution Utilities
E Energy has announced the availability of its new geospatial network design and maintenance product portfolio built using Oracle® Database, Oracle Spatial and Oracle Fusion Middleware...
Before the bell: AAPL, F, MRK, NFLX, GE
The Weather Channel is up for sale. The channel, privately held, could fetch up to $5 billion according to reports. The potential buyers include...
InfoLogix Hires Former GE Healthcare Executive Kelly Barland as Senior Director of Professional Services
InfoLogix, Inc., a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, announced today that it has hired seasoned healthcare consulting...
ICRA reaffirms rating on GE Capital Transportation`s CP programme
Leading credit rating agency, ICRA reaffirmed the A1+ rating to the enhanced Rs 9 billion (from Rs 7 billion) commercial paper (CP) programme of GE Capital Transportation Financial Services, indicating highest credit quality in the short term...
General Electric Co unit GE Sensing & Inspection Technologies said it will buy Rheonik, a Munich-based maker of flowmeters used in the oil & gas...
Thomson Partners With Google To Integrate GOOG-411 Button Into GE-branded DECT 6.0 Phones
Thomson S.A. said Thursday that it has partnered with Google Inc. to integrate the one-touch, auto-dial GOOG-411 button into many of its latest GE-branded DECT 6.0 Interference...
Barnes Group Signs New Agreement With GE
Barnes Group Inc., an aerospace and industrial components manufacturer, said Thursday its aerospace segment signed a new deal with General Electric Co. to supply...
GE Energy Releases Oracle-Based Geospatial Solution For Electric Distribution Utilities
E Energy has announced the availability of its new geospatial network design and maintenance product portfolio built using Oracle® Database, Oracle Spatial and Oracle Fusion Middleware...
Before the bell: AAPL, F, MRK, NFLX, GE
The Weather Channel is up for sale. The channel, privately held, could fetch up to $5 billion according to reports. The potential buyers include...
InfoLogix Hires Former GE Healthcare Executive Kelly Barland as Senior Director of Professional Services
InfoLogix, Inc., a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, announced today that it has hired seasoned healthcare consulting...
ICRA reaffirms rating on GE Capital Transportation`s CP programme
Leading credit rating agency, ICRA reaffirmed the A1+ rating to the enhanced Rs 9 billion (from Rs 7 billion) commercial paper (CP) programme of GE Capital Transportation Financial Services, indicating highest credit quality in the short term...
Thursday, January 3, 2008
Recent News Releases: Weather Channel, Dow and Oil, PHH, and Wind
The Weather Channel up for sale: report
NEW YORK (Reuters) - U.S. cable channel The Weather Channel is to be put up for sale and could fetch more than $5 billion, The New York Times said in an online report on Thursday...
Dow off 221 after oil touches $100
The U.S. stock market had one of its worst opening days of any year after crude oil briefly touched $100 a barrel and gold hit a 27-year high...
PHH's 'Baa3' senior debt confirmed on termination of buyout by GE - Moody's
Moody's Investors Service said it confirmed PHH Corp's 'Baa3' senior debt and 'Prime-3' short term ratings after the mortgage-lending and fleet-management units operator's agreement to be acquired by a General Electric...
Collapse Of PHH Deal Is Bad Omen For '08
The easy money is no longer flowing for Blackstone....
EDP signs 600 mln usd agreement with equity investors for US wind farm projects
EDP Energias de Portugal SA said its Horizon unit agreed on Dec 31 to invest 600 mln usd in four wind farm projects in the US...
PHH, FedEx among big movers
Stocks that were moving substantially or trading heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market...
Market Report -- Story Stocks (PHH)
Yesterday PHH Corporation (PHH) announced it has given a notice of termination to General Electric Capital Corp., which is a unit of General Electric (GE). The notice ends an agreement that would merge PHH...
NEW YORK (Reuters) - U.S. cable channel The Weather Channel is to be put up for sale and could fetch more than $5 billion, The New York Times said in an online report on Thursday...
Dow off 221 after oil touches $100
The U.S. stock market had one of its worst opening days of any year after crude oil briefly touched $100 a barrel and gold hit a 27-year high...
PHH's 'Baa3' senior debt confirmed on termination of buyout by GE - Moody's
Moody's Investors Service said it confirmed PHH Corp's 'Baa3' senior debt and 'Prime-3' short term ratings after the mortgage-lending and fleet-management units operator's agreement to be acquired by a General Electric...
Collapse Of PHH Deal Is Bad Omen For '08
The easy money is no longer flowing for Blackstone....
EDP signs 600 mln usd agreement with equity investors for US wind farm projects
EDP Energias de Portugal SA said its Horizon unit agreed on Dec 31 to invest 600 mln usd in four wind farm projects in the US...
PHH, FedEx among big movers
Stocks that were moving substantially or trading heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market...
Market Report -- Story Stocks (PHH)
Yesterday PHH Corporation (PHH) announced it has given a notice of termination to General Electric Capital Corp., which is a unit of General Electric (GE). The notice ends an agreement that would merge PHH...
Wednesday, January 2, 2008
CNBC: 2007 Dogs of the Dow Year in Review
'Dogs of Dow' Have Subpar Year, Thanks to Citibank
A contrarian investment strategy known as "Dogs of the Dow" has been a laggard this year, pulled down by Citigroup, one of the biggest casualties of the subprime credit meltdow...
CNBC: 2008 Outlook
CNBC.com
A contrarian investment strategy known as "Dogs of the Dow" has been a laggard this year, pulled down by Citigroup, one of the biggest casualties of the subprime credit meltdow...
CNBC: 2008 Outlook
CNBC.com
Recent News Releases: PHH Deal Ends and EU Deadline
Ahead of the Bell: PHH calls off deal
Lending further evidence to the troubles in the mortgage market, PHH Corp. (NYSE:PHH) called off a deal that would have split and sold the company to private equity firm Blackstone Group and General Electric Capital...
PHH ends deal with GE, Blackstone
Mortgage and vehicle fleet company PHH Co said on Tuesday it terminated its nearly $2 billion sale to General Electric Co...
EU inquiry deadline for Credit Suisse, GE, Mubadala investment jv Feb 4
The European Commission said its inquiry deadline for Credit Suisse Private Equity Inc and General Electric Company Inc's proposed investment management joint venture with...
PHH Ends Proposed Merger with GE, Blackstone
Mortgage and vehicle fleet company PHH Corp said on Tuesday it terminated its nearly $2 billion sale to General Electric Co and...
Lending further evidence to the troubles in the mortgage market, PHH Corp. (NYSE:PHH) called off a deal that would have split and sold the company to private equity firm Blackstone Group and General Electric Capital...
PHH ends deal with GE, Blackstone
Mortgage and vehicle fleet company PHH Co said on Tuesday it terminated its nearly $2 billion sale to General Electric Co...
EU inquiry deadline for Credit Suisse, GE, Mubadala investment jv Feb 4
The European Commission said its inquiry deadline for Credit Suisse Private Equity Inc and General Electric Company Inc's proposed investment management joint venture with...
PHH Ends Proposed Merger with GE, Blackstone
Mortgage and vehicle fleet company PHH Corp said on Tuesday it terminated its nearly $2 billion sale to General Electric Co and...
Tuesday, January 1, 2008
MSN Money: 6 experts' stock picks for 2008
6 experts' stock picks for 2008
These are such tricky times in the stock market that now, more than ever, you need the sharpest minds to guide you. To find out how the best of the best think you should invest in 2008, I rounded up some of the world's top investment newsletter writers -- experts with long-term records that have handily beaten the markets...
MSN Money: General Electric Co.
These are such tricky times in the stock market that now, more than ever, you need the sharpest minds to guide you. To find out how the best of the best think you should invest in 2008, I rounded up some of the world's top investment newsletter writers -- experts with long-term records that have handily beaten the markets...
MSN Money: General Electric Co.
The Motley Fool Best Stocks for 2008: General Electric
Best Stock for 2008: General Electric
No matter what method you use to find them, great investments stand out for a variety of reasons -- all of which point to future success. Consider, for example, large-cap stocks. In selecting these, some investors look for established leaders in their industry, companies that make the rules and force others to follow suit. Others seek steady income through ever-increasing dividends. Still others search out innovative businesses that jump on the latest trends and find opportunities for new growth...
The Motley Fool: The Best Stocks for 2008
The Motley Fool CAPS: General Electric Company (GE)
No matter what method you use to find them, great investments stand out for a variety of reasons -- all of which point to future success. Consider, for example, large-cap stocks. In selecting these, some investors look for established leaders in their industry, companies that make the rules and force others to follow suit. Others seek steady income through ever-increasing dividends. Still others search out innovative businesses that jump on the latest trends and find opportunities for new growth...
The Motley Fool: The Best Stocks for 2008
The Motley Fool CAPS: General Electric Company (GE)
Recent News: GE Capital, Cosmos Bank, RWE AG, Solar Power, GE Lighting, Merrill Lynch, LED Lighting
PHH Corp Ends Pact To Be Acquired By GE Capital, Blackstone
PHH Corp. (PHH) said Tuesday that it has given a notice of termination to General Electric Capital Corp., a unit of General Electric Co...
Cosmos Bank Taiwan Completes US$900 Million Recapitalization
Cosmos Bank Taiwan (2837.TW) said Friday it has completed a US$900 million recapitalization, with funds injected by units of U.S. private- equity firm SAC Private Capital Group LLC and General Electric Co...
RWE, GE to jointly develop air-compressed power storage system
RWE AG's power generation division and General Electric Co signed a Memorandum of Understanding (MoU) on the joint development of a new power storage...
Paris hospitals withdraws 75-mln-eur IT contract from Thales, GE consortium
Paris' hospital authorities have withdrawn a 75-mln-eur contract to develop new patient information systems from a consortium including Thales, General Electric...
Solar Power retail arm inks GE financing deal
Just days after reeling in new capital to finance itself, Solar Power Inc. has cut a deal with General Electric to help finance its customers...
Chatroom: GE's Lighting unit
Soon, the 'bright idea' lightbulb above a character's head in a cartoon may more resemble a corkscrew than Thomas Edison's familiar invention...
Merrill's GE Deal, Hedge-Fund `Holds,' CME's Rebound: Timshel
Merrill Lynch & Co.'s agreement to sell most of its commercial-finance unit to General Electric Co. looks like a winner for both companies...
Merrill Lynch selling unit to GE Capital
GE Capital, the financial unit of General Electric Co., said Monday it will acquire the bulk of the Merrill Lynch Capital commercial finance operations, allowing Merrill to redeploy about $1.3 billion into other parts of its business...
Incandescent King GE Happy To Shift To LED
As the world's biggest seller of light fixtures, General Electric is a shining beacon in the illumination business...
PHH Corp. (PHH) said Tuesday that it has given a notice of termination to General Electric Capital Corp., a unit of General Electric Co...
Cosmos Bank Taiwan Completes US$900 Million Recapitalization
Cosmos Bank Taiwan (2837.TW) said Friday it has completed a US$900 million recapitalization, with funds injected by units of U.S. private- equity firm SAC Private Capital Group LLC and General Electric Co...
RWE, GE to jointly develop air-compressed power storage system
RWE AG's power generation division and General Electric Co signed a Memorandum of Understanding (MoU) on the joint development of a new power storage...
Paris hospitals withdraws 75-mln-eur IT contract from Thales, GE consortium
Paris' hospital authorities have withdrawn a 75-mln-eur contract to develop new patient information systems from a consortium including Thales, General Electric...
Solar Power retail arm inks GE financing deal
Just days after reeling in new capital to finance itself, Solar Power Inc. has cut a deal with General Electric to help finance its customers...
Chatroom: GE's Lighting unit
Soon, the 'bright idea' lightbulb above a character's head in a cartoon may more resemble a corkscrew than Thomas Edison's familiar invention...
Merrill's GE Deal, Hedge-Fund `Holds,' CME's Rebound: Timshel
Merrill Lynch & Co.'s agreement to sell most of its commercial-finance unit to General Electric Co. looks like a winner for both companies...
Merrill Lynch selling unit to GE Capital
GE Capital, the financial unit of General Electric Co., said Monday it will acquire the bulk of the Merrill Lynch Capital commercial finance operations, allowing Merrill to redeploy about $1.3 billion into other parts of its business...
Incandescent King GE Happy To Shift To LED
As the world's biggest seller of light fixtures, General Electric is a shining beacon in the illumination business...
