Recent News: Fed Cash, Buy Rating, Dow Rally, Immelt on Leadership, and GE buying in India

GE Eschews - Or Does It Seek? - Access To Fed Cash
How can you tell when General Electric is prevaricating about the status of its capital position? Answer: when you can see its CFO’s lips moving. On Friday, the conglomerate’s finance chief admitted the company had reviewed the way the Federal Reserve was conducting its purchase of commercial paper. Then quickly insisted that GE was capable of completely funding itself, and would have no need to seek recourse to a government buyer-of-last-resort funding instument...

General Electric "buy," target price reduced
Analyst Stephen A O’Neil of Hilliard Lyons maintains his "buy" rating on General Electric Co (GE), while reducing his estimates for the company. The target price has been reduced from $30 to $25....

General Electric (GE) Not Participating In Today's Rally
For some reason General Electric is not participating in today's 600 point rally. Shares of GE are down 4% today to $20.63. GE did rise 13% on Friday, so it could have something to do with that....

GE’s Jeff Immelt on leadership renewal
Former Harvard MBA Jeff Immelt just delighted a packed conference hall (actually a big tent) with his observations about the need for leaders to renew themselves. “You’ve got to be able to do this,” he said. “Leadership is really a journey into yourself. I take every criticism personally, I think about them, and I go to bed at night thinking: ‘Oh God, what a failure I am.’ And then I wake up in the morning and I say: ‘Hello, handsome!’ ”...

What Credit Crunch? GE wants to buy in India
Even as the financial world seems to be crumbling and General Electric’s profits are headed south, the company may be looking for acquisitions in India. The other day my colleague Mehul Srivastava and I met with GE India boss Tejpreet Chopra. He sketched out an ambitious plan to boost the company’s revenues in the country to $8 billion by 2010 or 2011, from $2.6 billion today. “There will be some element of acquisitions in meeting our (sales) targets,” Chopra said...