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...