Recent News: Stock Performance, Lehman Bankruptcy, and China Headquarters

Citi Maintains 'Hold' Rating on General Electric (GE), Sees Risk to Earnings
Citi analyst says, "The collapse of Bear Stearns in late Q1 contributed to GE's Q1 earnings miss and now the late Q3 failure of Lehman Bros. and struggles at AIG are causing concerns about another GE miss. GE does need to continue selling real estate to make its H2 guidance, but re-affirmed its Real Estate guidance last night. However...

GE tumbles as investors fret over financial stocks
Shares of General Electric Co. fell 6.5 percent Monday, extending their Friday declines on fears that its financial business would be hit by the collapse of Lehman Brothers and shakiness at other banks...

GE Capital's CDS spreads widen 139 bps-Markit
The cost of protecting General Electric Capital's debt with credit default swaps surged on Monday after the bankruptcy of Lehman Brothers...

GE seeks to reassure investors
General Electric Co. said its financial services units didn't need to raise external capital, affirmed its profit forecast for the commercial real estate unit and said its consumer-finance division, GE Money, had "adequate reserves."Profit at the finance units, collectively known as GE Capital, was $5.2 billion in the first half of 2008, General Electric said in a memo posted on its website in an effort to reassure investors amid "extraordinary market conditions."...

GE to launch 5 regional headquarters in China
The U.S. giant now operates two regional headquarters in Shanghai and Beijing. The new locations will be in Shenyang, Wuhan, Chengdu, Xi'an and Guangzhou -- provincial capitals in the country's northeast, central, southwest, northwest and south, according to Chen Xiangli, president of China Technology Center under GE...