Result Page 32 for General electric news & latest pictures from ibtimes.com

Asia Stocks Drop as Wall Street Declines

Asian stocks fell to a five-month low after U.S home construction and manufacturing numbers added concern that the world's largest economy is in recession.

Stocks headed for weaker start

Stocks looked set to open lower on Wednesday, with the focus on economic data for clues about the outlook for growth and the Federal Reserve's next monetary policy move. Worries about the still escalating U.S. housing crisis and its implications for the overall economy point to a subdued start to the new year, Germany's Postbank said in a daily note.

Wall St. flat as Paulson offsets weak data

Stocks were little changed on Monday after comments by the Treasury Secretary that a mortgage aid plan was in the works helped offset declines after a report showing slower growth in manufacturing last month.

Wall Street slides on credit jitters, oil

Stocks slid on Wednesday as fears of more credit losses and mortgage defaults sunk shares of financial services companies, while worries about the impact of near record crude oil prices hit retailers and shares of big manufacturers.

More news

PetroChina tops $400 bln as investors bet on Q4

Shares of Asia's top oil and gas company, PetroChina Co Ltd, jumped 13 percent on Monday as news of increased production and hopes of major new discoveries spurred optimism about its performance in the fourth quarter.

GE profit jumps on equipment demand

General Electric Co said on Friday that third-quarter profit rose 13.8 percent, matching expectations, boosted by demand for heavy equipment like gas turbines and jet engines and strength at its financial units. The conglomerate said earnings increased to $5.54 billion, or 54 cents per diluted share, from $4.87 billion, or 47 cents per diluted share, a year earlier.

Citigroup to help N.Rock stay independent: reports

Investment bank Citigroup is planning to help keep Northern Rock independent by arranging a consortium of bidders to bail it out, or by directly offering it a loan, according to conflicting weekend newspaper reports.

Malaysia's UEM Land, GE tie up on Johor project

Malaysian property developer UEM Land has roped in U.S. firm General Electric as a strategic partner in plans it is spearheading to build a new Asian boomtown in the country's southern region of Johor.

Vivendi calls Apple iTunes contract terms indecent

Vivendi condemned as indecent the contract terms between its Universal Music Group (UMG) unit and Apple Inc, the computer maker whose iTunes online store dominates the digital music market.

GE offers $5.6 bln for Santander property: reports

General Electric has offered 4 billion euros ($5.6 billion) to buy the property assets which Spanish bank Santander is selling to fund its bid for parts of Dutch bank ABN AMRO, newspapers reported on Friday.

ABC, NBC accelerate TV-on-the-Web moves

The U.S. TV networks strategize to court viewers wherever they spend time.

GE Energy won't sell UK plant this year

GE Energy, the energy arm of U.S. conglomerate General Electric Co, will not sell its Baglan Bay gas-fired power plant in Britain this year, the company said on Wednesday.

GE says quitting Japan consumer lending an option

General Electric Co said on Thursday it is considering pulling out of the consumer lending business in Japan, as tighter regulation has crimped profits across the industry, but said nothing has been decided yet.

Edison to invest well above 4.5 bln euros by 2013

Italy's Edison plans to invest more than 4.5 billion euros ($6.17 billion) by 2013 mostly in gas, foreign activities and renewable energies, the utility's Chief Executive told a newspaper on Sunday.

Blue chips rise on GE, consumer sentiment

Blue-chip stocks rose on Friday, sending the Dow to a record, as General Electric Co's expanded share repurchase plan and a stronger-than-expected reading of consumer sentiment tempered worries about the economy's health.

GE profit up 9.6 percent, to exit subprime

General Electric Co. posted a 9.6 percent rise in quarterly profit Friday on good results in its commercial finance business and strong demand for products ranging from jet engines to gas turbines. The company also said it had decided to exit the subprime lending business, where it recorded a loss in the quarter.

Globalization a Tough Sell

If globalization were put on the balot in the U.S. it would lose, GE chief Jeffrey Immelt warns.

GE sees strong growth in stable emerging markets

General Electric Co. expects to increase its revenues in stable developing countries like Turkey at a rate of two or three times their gross national product (GNP) growth, a regional director said on Wednesday.

NBC CEO says fiscal discipline behind Dow decision

NBC Universal Chief Executive Jeff Zucker has said the General Electric Co.-owned media group was constrained from matching News Corp.'s $5 billion bid for Dow Jones & Co. Inc. due to the size of the premium.

Pearson, GE Drop Pursuit of Dow Jones

Pearson Plc (NYSE: PSO) and General Electric Co. (NYSE: GE) dropped plans on Thursday to propose a bid that would have rivaled News Corp.â€™s $5 billion offer for Down Jones & Co., Inc. (NYSE: DJ), publisher of the Wall Street Journal.

GE, Pearson drop Dow Jones takeover pursuit

General Electric Co. and Pearson Plc said on Thursday they will not pursue a joint offer for publisher Dow Jones & Co. Inc., removing a potential challenge to a $5-billion bid by Rupert Murdoch's News Corp.

Surge in GE shares pushes market cap past $400 bln

Shares of General Electric Co. surged more than 3 percent to a five-year high on Tuesday, pushing the company's market capitalization above the $400 billion mark, on a technically driven wave of buying, investors said.

GE to buy stake in Regency Energy for $603 million

General Electric Co.'s energy unit will pay $603 million for a stake in Regency Energy Partners LP, an owner of natural gas pipelines and storage equipment.

GE, Pearson Consider Dow Jones Bid

General Electric Co. and Pearson Plc may challenge News Corp.'s $5 billion bid for Dow Jones & Co., with a plan that could let Dow Jones's controlling Bancroft family keep an interest in the company, the Financial Times and Wall Street Journal reported on their Web sites on Sunday.