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...