Recent News: Stock Performance, Immelt Comments, Earnings, Pickens, Wind Energy, Chinese Jetliners, and Treasury Investment

Traders Seek Protection Against Dips In GE Stock
Options traders appear to be taking a cautious approach to General Electric Co. (GE) as the company's shares hover near a 52-week low. Within the first hour of Monday's session, several traders emerged to take moderately bearish positions in General Electric, selling calls and buying puts...

General Electric (GE) NewsBite - GE Rises on CEO's Comments
General Electric (NYSE: GE) opened at $19.78. So far today, the stock has hit a low of $19.69 and a high of $19.88. GE is now trading at $19.72, up $0.21 (1.05%). Over the last 52 weeks the stock has ranged from a low of $17.27 to a high of $40.54. Shares of GE are trading higher this morning after company CEO Jeff Immelt said in an interview this morning that he expects the company to earn $20 billion...

GE CEO tells French newspaper firm to earn $20 billion this year
U.S.-based conglomerate General Electric Co will make $20 billion this year, its Chief Executive Jeff Immelt said in an interview with French business daily Les Echos Monday, without specifying which measure of earnings he was refering to....

GE Set for a Pickens Windfall
General Electric sells more wind turbines, by far, than any other supplier in the nation. But it never sold 667 of them at once until legendary oilman T. Boone Pickens decided to build his own wind farm. His "Pickens Plan" calls for the U.S. to slash its dependence on foreign oil by exploiting its own natural resources instead. By using more wind to fuel its power plants and more natural gas to power its cars, Pickens predicts, the U.S. could cut its dependence on foreign oil by one-third in the next 10 years...

General Electric orders 25 China-made jetliners
General Electric Co. agreed to buy 25 Chinese-made regional jets Tuesday, marking the first overseas order for the aircraft and providing a major boost for the manufacturer. GE's leasing unit GECAS signed an agreement to purchase the 70-seater ARJ21-700 aircraft, the official Xinhua News Agency reported Tuesday....

GE says does not expect Treasury investment
General Electric Co does not expect the Treasury Department to offer to invest funds from a $700 billion fund to bail out the financial industry in its GE Capital arm, but would listen to a proposal if one were made, a GE spokesman said on Tuesday....