GE Money gets out of Canadian mortgage business
A finance subsidiary of General Electric Co plans to wind up its Canadian alternative mortgage business this week as part of a wider corporate shift away from consumer finance, according to a note sent to brokers. GE Money said that as of the close of business Thursday, it will no longer accept new Canadian mortgage applications but will continue to fund existing commitments...
GE Receives $500 Million Contract to Supply Power Equipment for World's Largest Single-Site Aluminum Complex
GE Energy has received a contract of more than US$500 million to supply equipment to power the world's largest aluminum processing complex at a single site. The Emirates Aluminum (EMAL) production facility is located close to the Arabian Gulf near Al Taweelah, Abu Dhabi, in the United Arab Emirates (UAE). Using natural gas as its primary fuel, the power plant will feature Frame 9FA gas turbines, C7 steam turbines, heat recovery steam generators and condensers, all provided by GE Energy...
General Electric wins $500 mln UAE smelter deal
U.S. conglomerate General Electric said on Wednesday its energy unit had won a contract worth more than $500 million to supply equipment to power an aluminium smelter in Abu Dhabi. Emirates Aluminium is building a $5 billion smelter with target output capacity of 1.4 million tonnes of aluminium per year, which will make it one of the largest in the world...
GE executive: Reorg will simplify conglomerate
General Electric Co.'s recently announced reorganization will help simplify operations and give investors a clearer view of the company, a top executive told members of Congress on Monday.
John Rice, vice chairman of the Fairfield-based GE and president of the newly formed GE Technology Infrastructure unit, said cutting GE to four businesses from six is a logical move....
GE close to $3bn clean-coal deal to bury carbon
US conglomerate GE says it could sign a deal within months to build a $US3 billion ($3.13 billion) "clean coal" power plant in NSW or Queensland that would store carbon dioxide underground.
But any plant agreement would probably rely on government help with the cost of storing the greenhouse gases, depending on the final outcome of the federal Government's planned emissions trading scheme. GE, which intends to turn coal into gas and then strip out and bury the carbon dioxide, is in talks with utilities in both states and would like to see an agreement for a commercial plant "within the next six months", GE global clean coal power business head Keith White said in Melbourne yesterday...
Abu Dhabi Investor to Pressure GE's NBC Universal
The conventional wisdom in American business is this: find a sovereign fund investor to lift investors' confidence by boosting the price and demand for shares. Facing its toughest uphill battle in decades, even blue-chip king General Electric has resorted to that strategy, creating an $8 billion global partnership with Abu Dhabi-based Mubadala Development Co., which is in the process of buying enough discounted GE shares on the open market to become one of the conglomerate's top 10 institutional investors....
GE Healthcare in definitive agreement to acquire Vital Signs
GE Healthcare, a provider of medical technologies and services for patient care and a business unit of General Electric Company (NYSE:GE), and Vital Signs Inc (Nasdaq:VITL), a global provider of medical products applicable to a wide range of care areas, announced on Thursday (24 July) that the companies have entered into a definitive merger agreement under which GE will acquire Vital Signs...
Showing posts with label mortgages. Show all posts
Showing posts with label mortgages. Show all posts
Saturday, August 9, 2008
Recent News: GE Money Canadian Mortgage, GE Energy UAE Wind, UAE Smelter, Reorganization, Clean Coal, NBC Universal, and GE Healthcare
Saturday, June 28, 2008
Recent News: Wind, Insider Buying, Iraq, NBC, Australia Mortgage, and Dividends
enXco To Buy 200 GE Wind Turbines
enXco--an EDF Energies Nouvelles company--announced its second agreement in recent months with GE Energy to purchase turbines for new wind projects. Under the agreement, enXco will purchase 200 turbines representing 300 megawatts (MW) of electricity-producing capacity from GE Wind...
Who's Buying Now?
It's time once again to check out the week's most interesting insider purchases. After reading through numerous filings using insider tracking tool Form 4 Oracle, here are my top five today...
Iraq signs $480 mln contract with GE for power plants
Iraq has signed a contract with General Electric Co worth $480 million to build three power plants and is negotiating with Hyundai to buy diesel generators, the country's electricity minister said on Friday....
GE's NBC unit sells out nearly all TV ads for fall season
General Electric Co.'s NBC-TV unit scored a first in the annual network upfront ad sales game by selling out nearly all its inventory for the coming fall season, The Wall Street Journal reported Friday. The peacock network has secured commitments for about $1.9 billion in prime-time advertising, people close to the network told the newspaper. The fourth-place network had to sell more of its pre-season ad inventory than last year, rather than saving inventory for the shorter-term spot market, which can be more lucrative...
GE to sell Australian mortgage business
General Electric has appointed JP Morgan and Citigroup to manage the possible sale of its Australian mortgage business, a spokesman for GE Money Australia said on Friday. Wizard Home Loans, which GE bought from its founder Mark Bouris in 2004 for about $481 million, is a non-bank lender with some 250 branches....
Pentair, GE may link water businesses
Among the scores of water-technology companies around Milwaukee, one stands out for its size: Pentair Inc. has 1,450 employees at three local subsidiaries. Pentair is ready to expand further. It's negotiating with rival General Electric Co. to combine their respective residential water-treatment businesses into a joint venture with most of the research, development and global production working together at existing Pentair and GE sites around Milwaukee.
GE Declares 31 Cent Dividend
General Electric's board has authorized a regular quarterly dividend of $0.31 per outstanding share of the company's common stock. The dividend is payable on July 25 to shareowners of record at the close of business on June 23...
enXco--an EDF Energies Nouvelles company--announced its second agreement in recent months with GE Energy to purchase turbines for new wind projects. Under the agreement, enXco will purchase 200 turbines representing 300 megawatts (MW) of electricity-producing capacity from GE Wind...
Who's Buying Now?
It's time once again to check out the week's most interesting insider purchases. After reading through numerous filings using insider tracking tool Form 4 Oracle, here are my top five today...
Iraq signs $480 mln contract with GE for power plants
Iraq has signed a contract with General Electric Co worth $480 million to build three power plants and is negotiating with Hyundai to buy diesel generators, the country's electricity minister said on Friday....
GE's NBC unit sells out nearly all TV ads for fall season
General Electric Co.'s NBC-TV unit scored a first in the annual network upfront ad sales game by selling out nearly all its inventory for the coming fall season, The Wall Street Journal reported Friday. The peacock network has secured commitments for about $1.9 billion in prime-time advertising, people close to the network told the newspaper. The fourth-place network had to sell more of its pre-season ad inventory than last year, rather than saving inventory for the shorter-term spot market, which can be more lucrative...
GE to sell Australian mortgage business
General Electric has appointed JP Morgan and Citigroup to manage the possible sale of its Australian mortgage business, a spokesman for GE Money Australia said on Friday. Wizard Home Loans, which GE bought from its founder Mark Bouris in 2004 for about $481 million, is a non-bank lender with some 250 branches....
Pentair, GE may link water businesses
Among the scores of water-technology companies around Milwaukee, one stands out for its size: Pentair Inc. has 1,450 employees at three local subsidiaries. Pentair is ready to expand further. It's negotiating with rival General Electric Co. to combine their respective residential water-treatment businesses into a joint venture with most of the research, development and global production working together at existing Pentair and GE sites around Milwaukee.
GE Declares 31 Cent Dividend
General Electric's board has authorized a regular quarterly dividend of $0.31 per outstanding share of the company's common stock. The dividend is payable on July 25 to shareowners of record at the close of business on June 23...
Wednesday, January 16, 2008
Recent News: GE Money, GE Eneregy Financial Services, GE Real Estate, GE Capital, GE Infrastructure, and Kucinich vs. NBC
GE Money launches 3 year discount mortgage
Almost three quarters (70%) of the UK’s mortgage brokers believe that the Bank of England base rate will end the year lower than it finished 2007, according to GE Money. The majority (61%) predict the base rate will finish the year between 5.0% and 5.4%. However, one-in-ten brokers (9%) predict the Bank of England base rate will fall to below 5% by the end of 2008...
GE invests $300M in Horizon wind farms
Horizon Wind Energy LLC has received a $300 million equity investment from GE Energy Financial Services in four of its wind farms. Horizon, a Houston, Texas wind farm developer, is a subsidiary of Energias de Portugal SA...
GE Provides $32M for Quincy Multifamily Refi
GE Real Estate has announced the issuance of a $32-million fixed-rate refinancing for the Reserve at Marina Bay apartments here on behalf of Core Investments and O’Connell Investments. The six-story, 141-unit complex is eight miles south of Boston in the Marina Bay mixed-use development that includes condos, retail, restaurant and a large marina...
GE Capital Solution’s commercial distribution finance unit provides multi-million dollar credit line to computer word processing systems
The team at GE Capital Solutions worked with us to ensure we have financing in place to accelerate our growth strategy,” said Christine Waldrop, President, CWPS. “GE is not only providing our inventory financing credit line, but they are also helping us during our busy season with a seasonal line increase...
GE infrastructure could shine in fourth quarter
Overall, GE said that it expects its infrastructure business, which includes wind turbines, to contribute heartily to its quarterly results. The company forecast an earnings range in December of 67 cents to 69 cents a share...
Kucinich decries GE-media conspiracy
At 5:25 p.m., shortly after the Nevada Supreme Court refused to give Dennis Kucinich a seat at the debate, a small band of his supporters marched to a far corner of a parking lot outside the Cashman Center, where supporters of the three major candidates...
GE says raises renewable energy investment target to $6 billion
General Electric Co.'s energy investment business, buoyed by rising demand for alternative power, said Monday it will increase its investment in renewable energy by 50 percent, to $6 billion by 2010...
GE Unit Boosts 2010 Renewable Energy Investing Target to $6 Billion, Announces Its Largest Wind Deal
Reinforcing GE's ecomagination program, GE Energy Financial Services announced today that it has raised its 2010 renewable energy investing target by 50 percent to $6 billion, and has just topped $3 billion. GE Energy Financial Services...
Almost three quarters (70%) of the UK’s mortgage brokers believe that the Bank of England base rate will end the year lower than it finished 2007, according to GE Money. The majority (61%) predict the base rate will finish the year between 5.0% and 5.4%. However, one-in-ten brokers (9%) predict the Bank of England base rate will fall to below 5% by the end of 2008...
GE invests $300M in Horizon wind farms
Horizon Wind Energy LLC has received a $300 million equity investment from GE Energy Financial Services in four of its wind farms. Horizon, a Houston, Texas wind farm developer, is a subsidiary of Energias de Portugal SA...
GE Provides $32M for Quincy Multifamily Refi
GE Real Estate has announced the issuance of a $32-million fixed-rate refinancing for the Reserve at Marina Bay apartments here on behalf of Core Investments and O’Connell Investments. The six-story, 141-unit complex is eight miles south of Boston in the Marina Bay mixed-use development that includes condos, retail, restaurant and a large marina...
GE Capital Solution’s commercial distribution finance unit provides multi-million dollar credit line to computer word processing systems
The team at GE Capital Solutions worked with us to ensure we have financing in place to accelerate our growth strategy,” said Christine Waldrop, President, CWPS. “GE is not only providing our inventory financing credit line, but they are also helping us during our busy season with a seasonal line increase...
GE infrastructure could shine in fourth quarter
Overall, GE said that it expects its infrastructure business, which includes wind turbines, to contribute heartily to its quarterly results. The company forecast an earnings range in December of 67 cents to 69 cents a share...
Kucinich decries GE-media conspiracy
At 5:25 p.m., shortly after the Nevada Supreme Court refused to give Dennis Kucinich a seat at the debate, a small band of his supporters marched to a far corner of a parking lot outside the Cashman Center, where supporters of the three major candidates...
GE says raises renewable energy investment target to $6 billion
General Electric Co.'s energy investment business, buoyed by rising demand for alternative power, said Monday it will increase its investment in renewable energy by 50 percent, to $6 billion by 2010...
GE Unit Boosts 2010 Renewable Energy Investing Target to $6 Billion, Announces Its Largest Wind Deal
Reinforcing GE's ecomagination program, GE Energy Financial Services announced today that it has raised its 2010 renewable energy investing target by 50 percent to $6 billion, and has just topped $3 billion. GE Energy Financial Services...
Friday, April 13, 2007
Recent News
- United Colors of General Electric: Fool by Numbers (Motley Fool)
- US STOCKS-Blue chips gain on higher profit forecasts (Reuters)
- GE profit up, driven by infrastructure growth (Reuters)
- Mortgages Don't Hinder GE Earnings (Forbes)
- Stocks to open mixed; economy, GE in focus (Reuters)
- Looking for Light From GE (TheStreet.com)
- Barnes Aerospace, GE in ink deal (BusinessWeek.com)
- General Electric to expand in Germany through more staff, coops, acquisitions (Forbes)
- Secrets of an HR Superstar (BusinessWeek.com)
- GE executive predicts growth in real estate (San Jose Mercury News)
