Friday, February 29, 2008

Recent News: GE Energy (China), GE Financial Services, GE Infrastucture, New GE Appliances, and GE Money.

GE Energy to license gasification technology to Guizhou Jinchi
Power generation and energy delivery solutions provider GE Energy's gasification technology has been selected for a coal-to-chemical production facility owned by the Guizhou Jinchi Chemical Company in the Tongzi County of China's Guizhou province...

GFB Acquisition and GE Financial to sell oil and gas interests to Isramco
Oil and gas property operator GFB Acquisition I and GE Financial Services have executed an agreement to sell their varying working interests in certain producing oil and natural gas properties located in Texas, New Mexico and Oklahoma to Isramco for approximately $102 million...

Reuters Summit - GE Infrastructure eyes acquisitions
General Electric Co's infrastructure unit will likely make several acquisitions in the power storage, power management and control systems sectors in 2008, the unit's chief executive said on Monday...

GE Reveals New Laundry Pair, Dishwasher
GE Consumer & Industrial introduced a new front-load laundry pair and steam-cleaning dishwasher under the Profile badge at this month's International Builders' Show....

GE pegs base for two units at $400 mn
GE Money has pegged the base price of its consumer finance and housing mortgage business at around $400 million, according to industry officials. This is because GE has invested $400 million in these businesses and is expecting a premium on this investment. It is understood that bids have already come in though it could not be ascertained if these were binding bids...

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