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...