Recent News: Google - GE Energy Plan, Stock Performance, Price Target Lowered, and Reuters Summit

Google, General Electric back renewable energy, smart grid

Pushing forward any new technology project can be easier with Google on your side. That's why General Electric joined with the Internet behemoth in a joint effort to further consumer energy options and help America's electricity infrastructure...

General Electric's Drag
Triple-A-rated General Electric is best known for light bulbs and refrigerators, and it has long been among the bluest of blue chips stocks on Wall Street. But despite its industrial past, these days, GE is essentially a bank in drag. Of its $46.9 billion in second-quarter revenue, 40.7% came from its financial operations. On June 30, finance accounted for 82.1% of GE's company-wide assets....

GE's slide continues on financial unit worries
Shares of General Electric Co. dropped nearly 7 percent Wednesday, hurt by investor worries about its financial services unit amid the global credit crisis. Analyst C. Stephen Tusa Jr. of JPMorgan said in an investor note Wednesday that he expects GE's finance business to decline by between 5 percent and 10 percent next year. He previously said growth would be flat, but now says that estimate "looks unrealistic."...

GE And Google Announce '21st Century' Electricity System
Blaise Zerega says let the energy search begin. In a marriage of old and new economy, Google and GE today announced a partnership to promote sustainable energy. With the ongoing financial turmoil as a backdrop, both companies are coming together to collaborate on new, renewable technologies that could, ultimately, deliver energy independence and help our economy....

Target slashed on GE

The stock market can behave irrationally at times, but who wants to bet against it when it is in one of its moods? Not Nigel Coe, an analyst at Deutsche Bank, who slashed his 12-month price target on General Electric Co. to $28 (U.S.) a share from $33 – a 15 per cent cut...

Reuters Summit-GE sees surge in bankruptcies

General Electric Co expects U.S. demand for financing to help bankrupt companies restructure themselves to rise by five or six times this year as a credit crunch leaves a growing number of businesses scrambling for liquidity....

GE shares climb 10 percent in late trading

General Electric Co. shares rose 10 percent in late trading on Thursday, amid a broad rally in U.S. stocks after CNBC reported that the U.S. Treasury Department was working on a solution to the financial crisis....