Thursday, September 18, 2008

Recent News: GE Aviation, Bear Market Investors, Nigerian Power Project, and Google Energy News Conference

GE Aviation CEO Joyce adds senior position with parent firm
General Electric Co. has promoted David Joyce to senior vice president following his appointment in July as president and CEO of Evendale-based GE Aviation. Joyce, 51, was previously head of commercial engines since 2002...

GE Attracts Bearish Investors
As Wall Street struggled to come to grips with the blast of bad news from the financial sector Monday, options traders fixed their attention on General Electric Co. There was a whirl of activity in GE options on Monday, and trading spiked to six times the normal level. Investors showed a clear bias toward bearish contracts, picking up 301,000 calls that allow them to buy GE's stock and 442,000 puts that allow them to sell it, according to Trade Alert....

NIPP: We Didn’t Bribe Nigerian Officials – General Electric
General Electric (GE), the global infrastructure, technology, media and financial services company, yesterday absolved itself of any complicity in the scandal that rocked the National Integrated Power Project, NIPP, saying it carried out its obligations to the letter.Replying reporters' questions in Abuja on the role of the US-based company, President and CEO of GE International, Ferdinando Nani Beccalli, who was in Abuja for the first "GE Day" in Nigeria...

GE, Google plan news conference on energy plans
Energy conglomerate General Electric Co and Internet leader Google Inc plan to hold a news conference shortly on unspecified joint energy projects, the companies said on Wednesday....

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