Recent News: Wind, Insider Buying, Iraq, NBC, Australia Mortgage, and Dividends

enXco To Buy 200 GE Wind Turbines
enXco--an EDF Energies Nouvelles company--announced its second agreement in recent months with GE Energy to purchase turbines for new wind projects. Under the agreement, enXco will purchase 200 turbines representing 300 megawatts (MW) of electricity-producing capacity from GE Wind...

Who's Buying Now?
It's time once again to check out the week's most interesting insider purchases. After reading through numerous filings using insider tracking tool Form 4 Oracle, here are my top five today...

Iraq signs $480 mln contract with GE for power plants
Iraq has signed a contract with General Electric Co worth $480 million to build three power plants and is negotiating with Hyundai to buy diesel generators, the country's electricity minister said on Friday....

GE's NBC unit sells out nearly all TV ads for fall season
General Electric Co.'s NBC-TV unit scored a first in the annual network upfront ad sales game by selling out nearly all its inventory for the coming fall season, The Wall Street Journal reported Friday. The peacock network has secured commitments for about $1.9 billion in prime-time advertising, people close to the network told the newspaper. The fourth-place network had to sell more of its pre-season ad inventory than last year, rather than saving inventory for the shorter-term spot market, which can be more lucrative...

GE to sell Australian mortgage business
General Electric has appointed JP Morgan and Citigroup to manage the possible sale of its Australian mortgage business, a spokesman for GE Money Australia said on Friday. Wizard Home Loans, which GE bought from its founder Mark Bouris in 2004 for about $481 million, is a non-bank lender with some 250 branches....

Pentair, GE may link water businesses
Among the scores of water-technology companies around Milwaukee, one stands out for its size: Pentair Inc. has 1,450 employees at three local subsidiaries. Pentair is ready to expand further. It's negotiating with rival General Electric Co. to combine their respective residential water-treatment businesses into a joint venture with most of the research, development and global production working together at existing Pentair and GE sites around Milwaukee.

GE Declares 31 Cent Dividend
General Electric's board has authorized a regular quarterly dividend of $0.31 per outstanding share of the company's common stock. The dividend is payable on July 25 to shareowners of record at the close of business on June 23...