Recent News: GE Commerical Finance, Jeff Immelt's Outlook, GE Money, US Air Force, International Investments, and Clean Energy

GE Commercial Finance Appoints New Head of European Leveraged
Thomas Greco has been named as the new European Head of GE Commercial Finance’s Leveraged Finance activities. He will oversee strategy and development throughout the region and be responsible for driving growth through its lead arrange and participations business...

GE Chief Immelt sees revenue up at least 10 per cent in '08
General Electric Co. chief executive Jeff Immelt on Wednesday said that revenue should rise by at least 10 per cent to US$195 billion this year for the industrial, financial and entertainment conglomerate...

GE's Immelt Is A True Believer
In his annual letter to General Electric shareholders, Jeffrey Immelt said that he believes in GE's future. It certainly seems true; the GE chairman is buying serious chunks of the company's stock for his own account....

GE Money launches new personal loan
GE Money has launched James, a new and enhanced personal loan that empowers customers to make their own choices through an extensive range of flexible repayment options...

GE May Buy $10 Billion of Japan Property as Crunch Spurs Sales
General Electric Co.'s property arm may buy as much as $10 billion of Japanese real estate this year, expecting tighter credit and rising borrowing costs will prompt local trusts to sell assets and drive down prices....

Air Force Wants GE In Fighter Program
As United Technologies Corp. and General Electric continue to spar over GE's role in the nation's most expensive weapons program, senior Air Force officials have said bluntly that they want to keep GE on board despite official Defense Department opposition....

GE plans international investments
GE Energy Financial Services said it will invest $5 billion outside the United States. The $5 billion represents nearly a quarter of the firm's total plan and GE said it will be used to help mainly Southeast Asia and the Middle East grow and help meet soaring energy demand by the end of 2010...

GE CEO says U.S. moving too slowly on clean energy
The United States is in danger of falling behind other nations in reducing greenhouse gas emissions if both the federal government and Corporate America do not move quickly to support sources of clean energy, General Electric Co Chief Executive Jeffrey Immelt said on Wednesday....