Wednesday, March 12, 2008

Recent News: GE vs. Mitsubishi, 52-Week Low, GE Security, GE Aviation, World Water Tour, GE Capital, and CleanTech Blog.

GE complains to U.S. trade body about Mitsubishi Heavy
General Electric Co said on Friday it filed a complaint with the U.S. International Trade Commission against Mitsubishi Heavy Industries Ltd last month to halt U.S. imports of the Japanese firm's wind turbines....

How Does GE (GE) Hit A 52-Week Low?
On the face of it, there is no way GE (NYSE: GE) should be at a 52-week low. The company is as solid as a rock, a "safe haven" stock. Its yield is 3.7%. But, today the stock did hit its period bottom at $32.47 down from its high of $42.15....

GE to Install Safety Equipment at King Abdulaziz International Airport
GE Security, a subsidiary of General Electric (GE), has signed an agreement with King Abdulaziz International Airport (KAIA) to deploy and install new fire, safety, and security systems in the airport’s Hajj terminal. Located in Jeddah, KAIA is Saudi Arabia’s third largest airport...

Search engine: GE Aviation looks around
GE Aviation could move more than 1,500 employees to new office space in West Chester, Liberty Township, Northern Kentucky or just down the road in Springdale, as its leases there are set to expire in the next two years...

GE launches 2008 World Water Tour in Bahrain
On March 11 -12, 2008 in Manama, Bahrain, GE Water & Process Technologies, unit of General Electric Company, will launch the 2008 World Water Tour - a series of educational seminars that bring global water experts and water users together to discuss innovative ways to reduce water footprints with affordable, reliable solutions...

GE Capital suspends building loans
In an email to mortgage brokers, Australian Mortgage Securities (AMS) said it had pulled its construction loans, distributed by Wizard Homes Loans, Tasman Mortgages (a subsidiary of finance firm Lombard) and United Home Loans (a subsidiary of Hanover Group), because of losses made as a result of failures to follow lending procedures....

GE: Doing Cleantech The Right Way
I have long had a respect for GE (NYSE:GE), and how it runs its business. In cleantech, I am very, very jealous. They have made themselves into the company to beat. Whether by plan, luck, or simply applying sound business discipline, GE has made itself into a top 3 global cleantech player no matter happens. And they did it for a fraction of the price, and a lot less risk than anyone in Silicon Valley or the energy sector. Venture capitalists beware, in cleantech, the behemoths have beat you to the punch, have done it cheaper, faster, and with more grit than you realize....

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