Recent News: GE Aviation Fin. Services - China, American Express, Ecomagination, and GE Money.

GE lease unit to buy 5 China-made regional jets
General Electric's aircraft leasing arm has signed a preliminary agreement to buy five of China's domestically developed ARJ21 regional jets, the first order for the aircraft from a major foreign customer....

American Express buys GE card unit; Utah workers can keep jobs
About 350 General Electric employees in Utah will soon work for American Express. American Express Co. said Thursday it agreed to buy General Electric Co.'s corporate charge-card unit, Corporate Payment Services, for $1.1 billion in cash in order to expand lending for business customers. The majority of Corporate Payment Services' 350 employees are based in Taylorsville, and they will have the opportunity to keep their jobs. The unit will continue to operate from its current location at 4246 S. Riverboat Drive....

GE's Ecomagination platform
At a time when most large corporations across the world are still paying mere lip service to sustainability, and climate change, there are thankfully some exceptions such as GE, DuPont, BP who have turned “green” issues from being peripheral, yet unavoidable corporate social responsibility obligations to a cornerstone of their future business plans. And the incredibly quick commercial success the $175-billion General Electric has tasted in its ambitious plans to turn every part of its gargantuan operations environmentally sustainable is proof that green begets greenbacks...

GE unit shops credit assets
General Electric Co. is shopping Canadian assets of GE Money, which includes its near-prime alternative mortgage lending business, as it restructures its global retail, banking and consumer financing business, according to sources...