Recent News: Tina Fey, GE Aviation new CEO Lorraine Bolsinger, Stock Performance, Warren Buffet, and Wind

Watch Tina Fey Save General Electric
In her hilarious 30 Rock sitcom, Tina Fey skewers the network politics of NBC. Ironically enough, she may be (almost singlehandedly) saving the broadcaster, too. The season premiere of 30 Rock is still several weeks away, but Fey is already giving NBC a huge ratings boost with her spot-on Sarah Palin impersonations on Saturday Night Live...

General Electric names Lorraine Bolsinger CEO of GE Aviation systems - Update
Monday, General Electric Co., announced the appointment of Lorraine Bolsinger as President and Chief executive officer of GE Aviation systems, LLC. The company also named Steve Fludder as head of ecomagination, succeeding Bolsinger...

Let's See If GE Cuts It
Of course, it'll be tough to match the newsworthiness of Warren Buffett and Berkshire Hathaway's (NYSE: BRK-A) (NYSE: BRK-B) injection of $3 billion into General Electric in exchange for perpetual preferred stock. That deal followed hard behind a similar Buffett investment of $5 billion into Goldman Sachs (NYSE: GS). But what induced Warren's GE purchase? What is it about the company that he finds especially attractive -- other than GE shares' nearly 50% plunge from their 52-week high? One silver lining: Several of GE's areas are at or near the top of their respective lines of business, including...

Shares of GE fall to 11-year low
Shares of General Electric Co. hovered at around $20 Monday, the lowest point in more than 11 years as a sell-off pulled down broader markets. The share price of the industrial and commercial conglomerate, a bellwether of the U.S. economy, has slid steadily since the financial crisis hit Wall Street last month. On Sept. 25, GE cut its earnings forecast for the year, blaming volatile financial markets damaging the profitability of its loan and lease business that accounts for almost half its income....

Worrying New Disclosures From GE
Last Wednesday, the same day General Electric announced that Warren Buffett’s Berkshire Hathaway planned to invest $3 bn in the conglomerate and that it planned a new $12 bn stock offering, GE shot a little noticed filing over to the Securities and Exchange Commission that gave fresh detail on the unhealthy state of the company....

Shares of GE fall to 11-year low
Shares of General Electric Co. hovered at around $20 Monday, the lowest point in more than 11 years as a sell-off pulled down broader markets. The share price of the industrial and commercial conglomerate, a bellwether of the U.S. economy, dropped sharply in April after GE widely missed its earnings target for the first quarter. It continued its slide last month as investors fled most financial companies....

Commodities Continue Slide; GE Trips South Of $20
General Electric is generally regarded, for better or worse, as a bellwether for the global economy. Not an auspicious moniker to have, when the global economy seemed to be tettering on the brink of recession, something GE tacitly admitted last month when it warned that its quarter wasn’t going to live up to forecasts. Last week’s decision to raise $12 billion...

Buffett Buys GE, Goldman. Should You?
While I was sitting at my desk on Wednesday, I heard Chris Rowe marvel, “Warren Buffett is such a stud.” Now, Chris does have a slight man-crush on Warren, but he’s also happily married with baby number two on the way. So I figured that Buffett must have just pulled off a major coup. Sure enough, I looked at the news and saw that Buffett’s Berkshire Hathaway (BRK.A) had invested $3 billion in General Electric (GE) preferred stock carrying a 10% dividend. Buffett also secured the option of picking up another $3 billion worth of GE common stock at $22.25 a share over the next five years. GE stock closed at $24.50 on Oct. 1. For average Joe investor, GE’s dividend yield is around 5%. ...

GE bullish over wind forecast
Given that Germany has the highest installed wind capacity in the world at about 23,000MW, it is not surprising to learn that US engineering giant GE Power's main renewables facility is sited in the country. Located in Salzbergen, close to the border with the Netherlands, and capable of producing 1,600 wind turbines a year, the facility is GE's so-called centre of excellence for wind energy. While GE is obviously proud of the facility and the investment it has put into it, the site has a rather dubious heritage, having been acquired in a bankruptcy sale following the spectacular collapse of power industry pariah Enron in 2002. However, according to GE Power's vice president of renewables, Victor Abate, the company has made significant improvements to the Salzbergen factory and the wider wind business it acquired....