Recent News: Analyst notes on earnings, Jet Engine oreders in China, NBC, New Facility, GE Antares, Spain's Colonial, and GE Energy.

GE Poised to Gain, Analyst Says
Shares of General Electric Co. rose Tuesday, as an analyst remained upbeat about the company's fourth-quarter results and said the conglomerate should withstand a softening U.S. economy...

GE has $5B in Chinese jet-engine backlog
Industrial conglomerate General Electric Co. said Tuesday its backlog for jet engine orders in China has climbed to about $5 billion...

Felons On The Air: Does GE's Ownership of NBC Violate the Law?
General Electric's ownership of the NBC TV network has been in the news in recent months. As Extra! went to press, companies like Time Warner, Disney, ITT and Turner Broadcasting have reportedly been negotiating to either buy NBC outright or enter into some kind of partnership with GE. But a little-noted aspect of communications law raises questions about GE'sownership of NBC's broadcast licenses -- and its ability to sell those licenses to another company...

GE opens new Skaneateles Falls facility
GE Sensing & Inspection Technologies opened its new, $6-million Skaneateles Falls facility Monday. About 165 GE employees will be employed at the plant, which is located at 721 Visions Drive...

GE Antares Provides C$62MM Senior Secured Credit Facility to one of Largest Privately Owned Providers of Transportation and Logistics in Canada
GE Antares today announced it served as administrative agent for a C$62 million senior secured credit facility to support the acquisition of Consolidated Fastfrate Inc., Canada Drayage Inc., and Koch Transport (together, "Fastfrate") by Fenway Partners and management. The facility, consisting of a term loan and revolver, was used to complete the target acquisitions and provide for future working capital needs. GE Capital Markets Canada served as lead arranger...

GE Aviation: 2007 China jet engine orders top $1B at list prices
General Electric Co.'s GE (NYSE:GE) Aviation and CFM International, GE's 50/50 joint company with Safran Group of France, said Tuesday that combined jet engine orders in China in 2007 surpassed more than 420 engines...

Spain's Colonial says to consider GE bid
Spanish property firm Inmobiliaria Colonial said on Tuesday its board will meet on Wednesday to consider an unsolicited bid approach from GE Real Estate Iberia, a unit of GE...

GE Energy, Invenergy In 800 Megawatt Wind Turbine Pact
GE Energy agreed to supply Invenergy LLC with 800 megawatts of wind turbines, enough power to meet the requirements of 275,000 households, in a deal valued at more than $1 billion...

Recent Press Releases: Microwave Oven Recall, Water, Fanuc, Money, Antares, and Energy

General Electric Recalls Microwave Combo Wall Ovens Due to Fire Hazard
The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, today announced a voluntary recall of the following consumer product. Consumers should stop using...

GE’s ZeeWeed Ultrafiltration Membranes Selected for World’s Largest Retrofit and Expansion of Municipal Drinking Water Plant
GE’s ecomagination-certified ZeeWeed advanced membrane technology has been selected for a 100.4 million gallons per day (MGD) (380 ML/d) retrofit and expansion of the Lorne Park Water Treatment Plant...

GE Fanuc Intelligent Platforms Announces XMC/PMC Digital Transmitter Module
Once again demonstrating the company’s leadership in the development of advanced, high performance solutions for Software Defined Radio (SDR) applications, GE Fanuc Intelligent Platforms today announced the...

City Furniture Renews Consumer Financing Program with GE Money
GE Money and City Furniture today announced a multi-year extension of their consumer financing agreement, originally formed in 1990. The City Furniture Card program is managed by GE Money’s Sales Finance unit and provides...

Elected Officials, Business and Municipal Leaders to Discuss Georgia Water Strategies and Solutions
Elected Officials, Business and Municipal Leaders to Discuss Georgia Water Strategies and Solutions...

GE Antares Provides Senior Credit Facility for A Leading Producer, Marketer, and Distributor of High Quality, Ready-to-Eat Smoked Meat Products
GE Antares Capital today announced it served as administrative agent for a senior secured credit facility to support the acquisition of

GE Energy Investing $50 Million to Double Steam Turbine and Generator Manufacturing and Engineering Capacities'
GE Energy (NYSE: GE) expects to invest roughly $50 million to increase supply chain and engineering capacity and will more than double its global capabilities to meet steam turbine demand around the world, company officials announced today. Output will be expanded across...

GE Press Releases: GE Money, 08 Shareholders Meeting, Antares, Wind, Fanuc, NBC, Sondex

GE Energy Completes Acquisition of Sondex, a Global Oilfield Technology Company
Sondex is headquartered in Hampshire in the United Kingdom and specializes in the engineering and manufacture of directional drilling and formation evaluation systems and wireline tools for the production of oil and gas...

GE Antares Provides $43.5 Million Credit Facility for A Leading Corporate Imaging and Custom Signage Provider
The financing consisted of a $17.5 million senior revolving credit facility and a $26 million senior term loan facility. Proceeds were used to fund the acquisition of Icon, and to provide for general working capital needs...

GE Money and Admiral Sunrooms Offer Consumer Finance Program
The programs provide customers installment and revolving lines of credit, flexible terms, an easy application process and fast funding decisions. Contractors and dealers offering this finance program also receive comprehensive customer service training, partner training and marketing materials...

Atlanta Public Schools Awarded Record-breaking $22 Million Grant from GE
Foundation
The GE Foundation today awarded a $22 million College Bound District grant to Atlanta Public Schools, marking the largest private grant in the district’s history. At Southside Comprehensive High School, more than 1,300 students, teachers, parents, administrators, community leaders and GE executives celebrated the award, designed to improve...

GE/NBC Universal’s Peacock Equity Invests in Mobile SMS Advertising Leader
4INFO
Peacock Equity, a joint venture between GE Commercial Finance’s Media, Communications & Entertainment business and NBC Universal, today announced an investment in mobile media company 4INFO, the leader in SMS/text message content and advertising. 4INFO is the sixth Peacock Equity investment since...

GE opens new mobile repair facilities to increase railcar availability and improve customers’ productivity
GE Equipment Services, Rail Services today announced the availability of several mobile repair facilities as part of its Repair Solutions suite of railcar repair services. The facilities, currently operational in La Porte, TX and opening soon in Mounds, IL, and Waycross, GA, leverage GE’s technical and regulatory knowledge of the rail industry...

GE Fanuc Intelligent Platforms Announces High Port Density Fiber Gigabit Ethernet AdvancedMCs
Continuing to expand the breadth and depth of the company’s leading AdvancedTCA™ and MicroTCA™ solutions, GE Fanuc Intelligent Platforms today announced the Telum™ GE-QLX/QSX Gigabit Ethernet AdvancedMC. Designed for any telecommunications...

GE Ranks #1 in Proactively Addressing World’s High-Tech Challenges
NISKAYUNA, N.Y.--(BUSINESS WIRE)--GE (NYSE: GE), today announced that it has been recognized as the world’s top research and development (R&D) company for proactively addressing the world’s biggest “high-tech challenges” by R&D Magazine...

SAT-GE Aids the Growth of PT Telkom in Eastern Indonesia Services Roll-Out
Using multiple transponders on the GE-23 satellite, PT Telkom are able to rapidly extend their GSM/CDMA network and other services over Eastern Indonesia, providing connectivity deep into Papua, Maluku and...

GE Unit Invests in New Texas Wind Project with Invenergy
GE Energy Financial Services, a unit of General Electric Company (NYSE: GE), is investing in a 120-megawatt wind farm in Texas with Invenergy Wind LLC, a leading global wind power developer...

GE Antares Provides $48 Million Credit Facility for A Leading Global Manufacturer of Weathering Test Equipment & Services
The financing consisted of a $24.0 million US credit facility and a €16.7 million European credit facility. Proceeds were used to fund the acquisition of Atlas, provide for general working capital needs, and to fund future growth...

Klee Named GE Vice President for Environmental Programs
Ann R. Klee has been named as Vice President of Corporate Environmental Programs for the General Electric Company, GE Senior Vice President and General Counsel Brackett Denniston announced today...

GE Money and Hobie Set Sail with New Consumer Finance Program
GE Money and Hobie Cat, a leading supplier of marine products for fishing, sailing and kayaking, today announced a new multi-year program that provides flexible financing for purchases at participating Hobie dealers nationwide...

GE Fanuc Intelligent Platforms and PrismTech Demonstrate Compact COTS Software Defined Radio
At the Software Defined Radio Forum Technical Conference and Product Exposition (Denver, CO, November 5 – 9) today, GE Fanuc Intelligent Platforms and PrismTech will together present a compact Software Defined Radio...

GE To Hold 2008 Shareowners Meeting in Erie, Pennsylvania
GE (NYSE: GE) announced today that it plans to hold its 2008 Annual Meeting of Shareowners on April 23, 2008 in Erie, Pennsylvania. The meeting is expected to be held at the Bayfront Convention Center...

GE Receives U.S. State Department Award for Corporate Citizenship
At a ceremony in Washington, DC, GE today received the Award for Corporate Excellence (ACE) from U.S. Secretary of State Condoleezza Rice. GE was recognized for its extensive corporate social responsibility programs in Indonesia...

Computer Dynamics Announces SealTouch-15 Environmentally Sealed Computer
Further extending the broad range of solutions offered by the company for computing in harsh industrial environments, Computer Dynamics, a GE Fanuc Intelligent Platforms company, today announced the SealTouch-15 rugged flat panel computer...

GE Money and Lane Home Furnishings Extend Consumer Finance Program
GE Money and Lane® Home Furnishings today announced a multi-year renewal of its consumer financing agreement, originally formed in 2003. The Lane credit card program...