Friday, January 4, 2008

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...

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