GENERAL ELECTRIC

GE revenue trails estimates

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General Electric Co said profit fell by almost half, on a deeper drop in revenue than Wall Street expected, as the slump that has gripped its finance and media businesses took hold of its heavy industrial units.

Oil slips below $62

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Oil slipped below $62 a barrel on Friday, undermined by concerns over the outlook for the world economy, a stronger dollar and some selling pressure after four days of gains.
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GE revenue falls short

General Electric Co said profit fell by almost half, on a deeper drop in revenue than Wall Street expected, as the slump that has gripped its finance and media businesses took hold of its heavy industrial units.
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Greenbrier says GE in breach of contract

Greenbrier Cos Inc said key customer GE was in breach of its contract obligations for taking fewer railcar deliveries, and added that it would stop production at a Mexico facility and furlough 550 more workers.
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GE opening research center in Michigan

General Electric Co plans to open a research center in the economically ailing U.S. state of Michigan, where it will develop new manufacturing technologies.
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Fed's specter could steer GE Capital revamp

The possibility of the Federal Reserve gaining regulatory authority over General Electric Co's hefty finance arm could influence how the company restructures that business.
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Mubadala in GE deal, seeks partnerships

Abu Dhabi state investment agency Mubadala Development said on Wednesday it was interested in partnerships with leading aerospace groups but denied a report it planned to take stakes in major European aerospace companies.
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Yahoo names Timothy Morse as new CFO

Yahoo Inc. said late Thursday that Tim Morse, the former chief financial officer of chip maker Altera Corp., will become its new chief financial officer.
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Nokia popularity fading among teens: survey

Nokia's popularity among teenagers is fading, as the world's top handset maker has failed to introduce attractive mass-market models, according to a survey by networking site Habbo Hotel.
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General Motors, Citigroup to be removed from Dow

General Motors Corp will be replaced by Cisco Systems Inc in the Dow Jones Industrial Average and Citigroup Inc will be replaced by Travelers Companies Inc , Dow Jones Indexes said on Monday.
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GE Oil & Gas on Abu Dhabi Co supply of $80 mln

GE Oil & Gas said on Thursday it will supply Abu Dhabi Company for Onshore Oil Operation (ADCO) with its advance technology and services together with ABB in supplying the variable speed drive system (VSDS) electrical scope, including motors, transformers and converters.
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Q-Cells plans no further refinancing

Q-Cells has no plans to further beef up its balance sheet at the moment, as recent steps have secured its mid-term financing position, the company's chief executive has told Reuters.
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GE eyes $1.5 billion in clean-tech research by 2010

General Electric Co aims to boost its investment in clean-tech research and development to $1.5 billion a year by 2010, the largest U.S. conglomerate said on Wednesday in its annual Ecomagination report.
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GE's Immelt says to get harder to achieve growth

General Electric Co's growth will be harder to come by in coming years given the prospect the global economy may grow at a slower pace once it emerges from recession, the company's chief executive said.
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Dow Chemical to sell more $900 mln Assets

The largest chemical maker in the US, Dow Chemical on Wednesday said it will sell another $900 million strategic assets from its Calcium Chloride unit for $210 million to pay down its debt on its Rohm and Haas acquisition of $16.4 billion.
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Aerospace and Defense stocks fell

Aerospace and defense company shares on Monday fell as Goldman Sachs analyst upgraded aerospace sector and downgraded defense cautiously as spending expected to peak next year.
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GE seeking stimulus funds for battery venture

General Electric Co plans to invest $100 million in a factory to build high-tech batteries for heavy equipment, which it believes could be a $1 billion business over the next decade.

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